My opinion on Iuvo
The high interest rates are unfortunately balanced by the partial buyback guarantee.
There’s a large volume of available loans.
Reporting is simple but rather complete.
The interests aren’t protected by the guarantee; moreover, the delay varies between 30 and 60 days.
Iuvo’s website is rather user-friendly.
Iuvo’s pros & cons
- Great interests rates
- Large number of available loans
- Buyback doesn’t cover interests
- Presence of unusual installment types (7 days)
- Secondary market isn’t free
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.
Iuvo features a secondary market. Unlike most competitors, there’s an associated fee. It amounts to 1% for the seller.
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 ! –
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.
Website’s ease of use
English, Bulgarian, German, Estonian
Available languages & translations quality
While I cannot evaluate the quality of other translations, the English version of Iuvo‘s website is very well translated.
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.
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 facts and figures
Number of investors8 251
Loans amount financed€ 36 912 983
As of October 2018
Who can investThe 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)
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.