As with almost all P2P providers, investing with Viainvest is particularly easy, which is not surprising as the platforms want to encourage us to invest as much money as possible!
Make your first deposit using bank transfer or credit/debit card. The minimum investment amount is €10.
The Latvian supervisory authorities ensure that Viainvest levies a withholding tax of 5 per cent on its investors. But don’t worry: you can use a double taxation agreement with Latvia and all you have to do is submit a proof of residence, which you can obtain from your tax office, to Viainvest. My experience with this process has been very good so far – I haven’t had any problems. However, other investors have reported that their application was not recognised. Advantages and disadvantages of Viainvest Based on my experience to date and the in-depth analysis of the company and the Group, the following advantages and disadvantages emerge: Advantages
Consider creating multiple auto-invest strategies with different parameters to reduce cash drag and optimize portfolio diversification.
You can receive updates about each new loan via the Telegram channel. This reveals that new loans are added daily, but due to the large number of investors with Auto Invest strategies, most loans are funded before they become available on the platform itself.
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As for all Peer-to-Peer lending platforms I add peerberry to my portfolio, I also check the company itself and see what they are doing in terms of security & safety of the investors funds.
”, in other words, a kind of bundle of different personal loans. Viainvest has created this new offering because the company has to comply with the strict requirements of the European Union. This was the only way they could obtain a coveted IBF (‘Investment Brokerage Firm’) licence. The licence is a kind of accolade for the company, which has been offering reliable interest rates since 2016. For investors, it offers the advantage that there is now even greater transparency. The audited annual reports can be viewed on the website and help interested investors to gain an impression of the parent company ViaSMS.
Most investors use automated investing, which means that new loans are often funded quickly. If you choose to invest manually, you can typically only select from remaining loans, often with lower interest rates.
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Please note my disclaimer. I do not provide any investment advice or make any recommendations. I am personally invested in all the P2P platforms I report on. All information is provided without guarantee.
Overall, I really liked the fact that they are fully transparent with their loan originators, and it is really easy to find detailed information about each of them on the website of PeerBerry.
The biggest income stream is generated by the commission fee (58%) which derives from the lending operations.