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

In spite of the restricted buyback guarantee, current returns for my Iuvo portfolio are good. However, I prefer to wait a bit before recommending it a stronger way.

Detailed ratings

Interest rates

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

Loans liquidity

There’s a large volume of available loans.

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
  • Presence of unusual installment types (7 days)
  • Secondary market isn’t free

Loans characteristics

Loans duration

Less than 1 month

1 month to 1 year

More than 1 year

Loans kind

Individual

Business

Minimal investment

€10

Buyback guarantee

Buyback guarantee available

Currencies

Euro

RON

BGN

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.

Platforms features

Secondary market

Secondary market available

Auto-invest

Auto-invest available

Secondary market

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

Manual investing

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 ! –

Iuvo’s loans filter and result

Auto-invest feature

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.

Iuvo’s auto-invest configuration

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

Website’s ease of use

Languages

English, Bulgarian, German, Estonian

Funding methods

Available languages & translations quality

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

Account funding

In addition to the common SEPA transfer, Iuvo added the opportunity to fund your account via Trustly in December 2018.

Registration process

It’s really trivial to create an account on Iuvo‘s platform. Very few personal information are required; also, as of December 2018, they don’t use KYC (Know Your Costumer) checks so you don’t need to provide a copy of an identification document.

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 makes navigation very easy.

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.

Actual performance of my Iuvo portfolio

The XIRR for my Iuvo portfolio was 13.16% at the end of Novermber 2018. It’s a very good result; I honestly didn’t think the value would be so high.

However, this portfolio is very recent and rather small, so the value may be different in the long-term.

Iuvo’s competitors

Iuvo’s facts and figures

Location

Tallinn, Estonia

Number of investors

8 251

Loans amount financed

€ 36 912 983

Historical return

9.2%

As of October 2018

Who can invest

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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