Iuvo review : great P2P platform, weak buyback guarantee

Iuvo review : great P2P platform, weak buyback guarantee

Iuvo’s overview

Iuvo is a marketplace for peer-to-peer loans. If the interest rates up to 15% seem to be very interesting, there’s a catch : indeed, only the principal is covered by the buyback guarantee.

My opinion on Iuvo

After more than one year on the platform, the performance of my portfolio is stable, slightly below 13%. For investors who don’t care about the weak buyback guarantee, Iuvo provides a great opportunity to diversify their portfolio.

Detailed ratings

Performance

The high interest rates are partly balanced by the partial buyback guarantee.

Loans liquidity

A large volume of loans is available on the platform.

Reporting

Reporting is simple but rather complete.

Buyback guarantee

The interests aren’t protected by the guarantee; moreover, the delay varies between 30 and 60 days.

Website ergonomics

Iuvo’s website is rather user-friendly.

Iuvo’s pros & cons

Pros

  • Great interests rates
  • Large number of available loans

Cons

  • Buyback doesn’t cover interests
  • Secondary market isn’t free

Loans characteristics

Loans duration

Short-term : one month or less

Medium-term : one month to one year

Long-term : more than one year

Loans kinds

Individual

Business

Minimal investment

€ 10

Buyback guarantee

Buyback guarantee available

Currencies

Euro

Bulgarian Lev

Romanian Lei

Polish Zloty

Overview of Iuvo’s loans

Several currencies are supported on Iuvo : in addition to Euro, it’s also possible to invest in BGN (Bulgarian Lev), RON (Romanian Lei) or PLN (Polish zloty). As usual, I’ll focus on Euro loans here.

In summer 2019, interest rates for Euro loans ranged from 5% to 15%, a rather large interval ! An overwhelming majority of these loans are personal loans; there are short-term loans (two months) as well as long-term ones (three years)

Part of Iuvo's loans list

Various reimbursement schedules are available, including weekly reimbursement; different loans structures are available as well.

Loans volume

Although,the volume of BGL loans is more important than for Euro one, there’s no shortage of these.

Issuers

Iuvo currently lists loans from seven originators, which is much less than at Mintos or Viventor, but enough to diversify your loans portfolio.

Iuvo's originators list
Iuvo's originators list

For each of them, detailed information is available. Unlike Mintos, the platform currently doesn’t provide a rating for the originators.

Details about one of Iuvo's originators
Details about one of Iuvo's originators

Buyback guarantee

While Iuvo’s buyback guarantee covers all loans on the platform, I have two critics towards the platform’s buyback policy :

  • The buyback delay is variable : either one or two months, depending on the originator.
  • More importantly, the buyback guarantee doesn’t cover the interests. This means that while investors won’t lose money if a borrower is late or defaults, the performance of their loans portfolio will be less predictable.

Platform’s features

Early exit

Early exit available

Investing methods

Auto-invest

Manual investing

Secondary market

Iuvo features a secondary market. Unlike most competitors, there’s an associated fee. It amounts to 1% for the seller.

Manual investing

Overall, it’s easy to invest manually at Iuvo. Many filters are available, including :

  • Loan type
  • Borrower’s credit rating
  • Interest rate
  • Status – it’s easy to overlook this one; I actually forgot to set it initially, which resulted in investing in late loans ! –
Part of Iuvo's loans list

The platform provides detailed information about the borrower, and assigns a rating to each of them, from A to E as well as HR – High Risk -. While this rating is usually not very important on platforms where the buyback guarantee covers the interests, at Iuvo it’s crucial to take it into account, as defaulted loans won’t yield any interest !

Auto-invest

Like the filters for manual investing, it’s possible to configure the auto-invest using a large range of parameters.

One interesting feature is that it displays the number of matching loans and the available amount; this is very convenient to estimate if your whole portfolio can be invested based on your settings.

It’s possible to create several auto-invest portfolios, for example if you wish to invest in different currencies.

As with all peer-to-peer platforms, I strongly encourage investors to use auto-invest in order to save time.

Website’s ease of use

Languages

English, German, Bulgarian, Estonian

Funding methods

Iuvo’s registration process

It’s really trivial to create an account on Iuvo‘s platform. Very few personal information are required; also, they didn’t use a KYC (Know Your Customer) procedure when I registered, so I didn’t even have to provide a copy of an identification document.

Account funding and funds withdrawal

Website’s design and ergonomics

While I’m not fond of the green color scheme, I have to admit that Iuvo‘s website is well-designed and user-friendly.

It’s rather intuitive to use, and the large left-side menu makes navigation very easy.

Available languages & translations quality

While I cannot evaluate the quality of other translations, the English version of Iuvo‘s website is very well translated.

Reporting

Iuvo‘s website feature the usual reporting pages : investments list, account statement, investments delays. Most of the output can be downloaded as Excel files.

The dashboard displays a net annual return, but it’s unclear whether it’s supposed to be actual or theoretical. As it doesn’t match my XIRR computations, it looks like it actually displays an expected return based your portfolio’s interest rate.

Documentation

Apart for a useful FAQ (Frequently Asked Questions), there’s little documentation available.

Support

There’s a contact form available on the website; it’s also possible to get in touch with Iuvo by e-mail or phone.

Communication from the platform​

Iuvo regularly sends a newsletter that’s rather informative. Most notification are configurable, so it’s possible to avoid cluttering your e-mail with daily account summaries.

Actual performance of my Iuvo portfolio

12,53%

At the end of October 2019, the XIRR for my Iuvo portfolio was 12,53%.

While the buyback guarantee doesn't cover interests, the performance of my Iuvo platform is good; I actually expected it to be lower.

Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.

Iuvo's main competitors

For a detailed comparison of the different p2p-lending marketplaces, check out this article.

Iuvo's facts & figures

Location

Tallinn, Estonia

Founded in

2015

Number of investors

13,254

Loans amount financed

€ 74,061,538

As of August 2019

Who can invest at Iuvo

The individuals must be at least 18 years old, and they need to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU. For the companies it is required to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU.

Iuvo FAQ

Disclosure

Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.

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