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!
After setting up an account with your email and a chosen password, you must provide your name, date of birth, address, and phone number. You are then prompted to activate two-factor authentication via an app on your phone, though this can be skipped during registration.
As you can see, it’s an “apples and oranges” comparison. However, based on my own Viainvest review, you can still use the platform as a complementary option.
Another alternative is the Latvian platform Twino, which has been in the market for quite some time and even collaborates with Viainvest, or PeerBerry, one of the largest P2P lending platforms in Europe.
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PeerBerry is very transparent about their team, and I had no issues finding who is currently on their team and what are their roles.
I also checked who is on their team, and it was very easy to do as they are very transparent about it on their website.
No defaults, no repayment delays and competitive interest rates are the reason why I have been able to consistently achieve a return above 10% on Viainvest since 2018. This corresponds to a continuous reliability that not many other P2P platforms can match.
I also always do a close examination of the loan originators a platform uses, as this is usually where a platform will encounter problems if anything bad happens like a financial crisis.
How does Viainvest earn money? Since the VIA SMS Group has a broad portfolio of products and services, the company generates income through multiple revenue sources. However, there are a two dominant revenue sources that can be found when reviewing mintos the latest financial report.
There is no official contingency plan for this scenario. The condition of the Group is therefore crucial. This is clearly visible in the annual reports on the website, but unfortunately not always up to date. The VisaSMS Group has been operating very successfully for years (with the exception of during the Covid crisis), so there is no major threat to Viainvest. However, experience with other P2P providers has shown that this situation can change quite quickly. A regular look at the business figures is therefore generally recommended.
Due to the strong backing from the parent company, the bankruptcy of the P2P platform itself is unlikely. However, if the parent company were to go bankrupt, it would lead to a lengthy and years-long legal process.
The app works the same as the desktop version because the backend for both is the same. However, refreshing the screen very frequently may result in error messages.
Not a good experience ! The overall process with pay is not great and not in the same bracket category with TREATY.