ViaInvest review

ViaInvest review

ViaInvest’s overview

ViaInvest focuses on short-term, secured loans offering an uniform 11% interest rate.

My opinion on ViaInvest

With the current returns, ViaInvest is not really competitive. For short-term investments in payday loans, both Swaper and Robocash are much better choices.

Detailed ratings

Performance

The current interest rate is extremely low… and tax withholding lowers it even more !

Loans liquidity

There’s no shortage of loans.

Reporting

The statistics are very basic.

Buyback guarantee

The buyback guarantee triggers after 30 days, a rather short delay; it covers both principal and interests.

Website ergonomics

ViaInvest‘s website is easy to use.

ViaInvest’s pros & cons

Pros

  • Website is user-friendly, even for beginner investors
  • The uniform interest rates mean that investors have fewer choices to make

Cons

  • Low interest rates
  • Tax withholding mechanisms, which reduces performance even further

Loans characteristics

Loans duration

Short-term : one month or less

Medium-term : one month to one year

Loans kinds

Individual

Minimal investment

€ 10

Buyback guarantee

Buyback guarantee available

Currencies

EUR – Euro

Overview of ViaInvest’s loans

Since June 2019, all new loans offer the same 11% interest rate. Although there are a few installment loans with a duration close to one year, the overwhelming majority are short-term loans.

Borrowers are located in Latvia, Spain, Czech Republic, Poland and Sweden.

ViaInvest's loans list
ViaInvest's loans list

In addition to this rather low interest rate, there’s some tax withholding taking place, eating between 15% and 23% of your profits (depending on the country – see the FAQ for details). I’s apparently possible to avoid it by providing a tax certificate, but getting it in France is a big headache so I didn’t bother.

Loans volume

In the past, the platform suffered from several cash drags, as there were not enough loans available to meet investors’ demand. Fortunately, the loans supply has greatly increased.

Issuers

There are currently five loans originators A loan originator is the firm that originally provides the loan to the borrower.
They usually lend a small percent of the amount using their own funds, while the
remaining is put on sale on loans marketplaces. The part of the loan kept by the
originator is called called skin in the game; it’s typically 5%-10% of the
loan amount, and is supposed to encourage originators to provide quality loans.
present on ViaInvest; that’s one for each country where loans are offered.

Description of several loan originators at ViaInvest
Description of several loan originators at ViaInvest

Buyback guarantee

Like most P2P companies, ViaInvest‘s buyback guarantee A buyback guarantee is a guarantee provided by the platform or a loan originator.
If repayment of a loan is delayed by more than a given delay (usually 30 or 60 days),
the platform or loan originator will buy back the loan. The guarantee may cover only
part of the capital, or in a much more interesting case, both the capital and accrued
interests. As the conditions vary from one platform to another, it’s very important
to check this point.
will refund both accrued interest and principal after 30 days of default.

Platform’s features

Early exit

Early exit available

Investing methods

Auto-invest

Manual investing

Secondary market

There’s no secondary market The secondary market is a marketplace allowing investors to sell loans from their
portfolio to other investors. This is useful if they need to get their money back
before the loan’s maturity.
at ViaInvest. As most loans are short-term, it’s not a big deal.

For medium-term loans – as well as short-term loans which got extended more than 120 days, effectively making them medium-term -, it’s possible to use the Buyback feature. This mechanism, which shouldn’t be mistaken with the buyback guarantee simply means that it’s possible to sell your loans back to the platform after 120 days. Selling loans this way is free and instantaneous.

Manual investing

While it’s possible to invest manually through ViaInvest‘s loans list screen, there’s little point in doing so. I strongly encourage investors to save time by using the auto-invest feature !

The platform provides little detail about borrowers; however, all loans on the platform are basically the same, so it’s kind of pointless to look at them in detail anyway.

Loan detail at ViaInvest
Loan detail at ViaInvest

Auto-invest

One of the rare positive aspects of ViaInvest is that the auto-invest feature is very easy to configure.

ViaInvest's auto-invest screen
ViaInvest's auto-invest screen

Although there’s a Buyback guarantee toggle on the screen, it’s read-only as all loans on the platform come with such a guarantee.

Website’s ease of use

Languages

English, German, Latvian, Spanish, French

Funding methods

ViaInvest’s registration process

It takes very little time to register.

Account funding and funds withdrawal

Website’s design and ergonomics

Overall the website is well designed, readable and and easy to navigate. There’s currently a very annoying scrolling ad at the bottom of the screen; apart from this, using ViaInvest‘s website is very pleasant.

Available languages & translations quality

The English translation of ViaInvest‘s website is of good quality. Other languages seem to be available, but it looks like only the front page got translated !

Reporting

The reporting options are rather poor; apart from the investments list and account statement, very few statistics are available. For example, one very basic feature which is missing is an overview of the loans status. Nearly all platforms will display the percentage of current and late loans in your portfolio, but this information isn’t available at ViaInvest.

Documentation

The FAQ A FAQ is simply a compilation of Frequently Asked Questions is useful, as it’s both extensive and well-written. On the other hand, the How it works section is basically useless and provides very little useful information.

Support

Investors can get in touch with ViaInvest by e-mail, phone or via a live chat box.

Communication from the platform​

ViaInvest is a rather quiet platform; investors will mostly receive account summaries as well as an occasional newsletter. The frequency of the account summaries is configurable on the Settings/Site settings page.

ViaInvest’s main competitors

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

ViaInvest’s facts & figures

Location

Riga, Latvia

Founded in

2016

Number of investors

11,529

Loans amount financed

€ 7,062,430

As of August 2019

Who can invest at ViaInvest

Both private and legal entities are welcome to invest with VIAINVEST.

To begin investing as a private individual, you must be at least 18 years old and hold a tax residency within one of the European countries or Switzerland. In order to start investing feel free to complete the registration process and make the first deposit to your VIAINVEST investor account. If personal information stated in your investor profile matches the bank information of the person transferring funds to the VIAINVEST platform, the investor profile becomes active and you are able to start investing.

Similar requirements also apply to the legal entities – to start investing, the legal entity must register to open the investor account and make the first deposit. If the information provided upon registration matches the company information appearing when transferring funds, investor account is confirmed.

ViaInvest 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.

6 thoughts on “ViaInvest review”

  1. You seem to know a whole lot of this P2P funding thing and I have one question:

    Do you earn (into your web account) that 10-12% Interest Rate after the stated “Closing Date” of the project?

    I am asking this because I’m confused on the “anual 12%” and then the project says its only 30 days for the “loan term”…

    • Hi Iwan,

      Interests rates are nearly always computed yearly; this helps when we want to compare then. Otherwise, it would be harder to compare loans with different durations.

      However, most P2P loans interests are reimbursed monthly. If the loan term is 30 days, you’ll be reimbursed interests and capital after 30 days; if it’s longer, you’ll usually be reimbursed interests once per month, and the capital at the end of the term. This is the common situation for loans to individuals; if you invest in business or real-estate loans (like through CrowdEstate or BulkEstate) it may be different.

      I hope this answers your question. Don’t hesitate to get back in touch otherwise, or for additional info !

      Have a great day

  2. Having read this I believed it was very informative. I appreciate you finding the time and energy
    to put this informative article together. I once again find myself personally spending a
    lot of time both reading and commenting. But so what, it was still worthwhile!

  3. hi, thanks for this review. I am investor in Viainvest and I like their platform. One thing I really dislike it that their buybacks are not started automatically. You have to monitor yourself and manually initialize for each individual loan. In addition you cannot filter loans eligible for buyback on the website (can only be done by downloading the excel….). This is very different from any other platform. Have you looked at this?

    • Hello,

      The “buyback” term as used at ViaInvest is slightly confusing. My experience is that defaulted loans are bought back automatically; however, loans that get extended for longer than 120 days can also be bought back manually by the investor. I remember having to do it on many loans, when I liquidated my original portfolio. It was rather tedious.

      • indeed it is very tedious and their website does not explain it. Seems easy to make this automatic or do for the whole portfolio in one go so it may be on purpose to keep investors locked in???
        It doesnt seem they should be getting 4 stars for their website and their buyback… .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.