ViaInvest's loans list

ViaInvest review

ViaInvest’s overview

ViaInvest focuses mostly on short-term, secured loans offering an uniform 12% interest rate.

My opinion on ViaInvest

Compared to their main competitors such as Swaper, Robocash or Lendermarket, interest rates at ViaInvest are not really competitive. Moreover, the website’s ergonomics could be improved.

However, the platform is part of a large group which is regarded as rather reliable. For conservative investors, this aspect may be more important than high returns.

Detailed ratings

Actual performance

The current interest rates are low… and tax withholding may decrease even more !

Loans liquidity

There’s no shortage of loans.

Reporting

The statistics are very basic.

Transparency & reliability

The platform is part of a large and rather solid group.

Website ergonomics

ViaInvest‘s website lacks behind more recent competitors.

ViaInvest’s pros & cons

Pros

  • The uniform interest rates mean that investors have fewer choices to make
  • The platform and the related originators are part of the same group

Cons

  • Low interest rates
  • Tax withholding mechanisms, which reduces performance for loans from Spain and Czech Republic
  • Perfectible ergonomics

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

EUR – Euro

Overview of ViaInvest’s loans

There are currently three kinds of loans available on the platform :

  • Short-term loans
  • Installment loans
  • Credit line
  • Business loans

All loans except business loans are secured by a buyback guarantee and offer a uniform 12% interest rate. On the other hand, business loans may have lower interest rates (currently 8% or 12%) and aren’t covered by a buyback guarantee, but a collateral is provided.

Business or installment loans are usually long-term (10 months to 2 years), whereas credit lines and of course short-term loans have durations around one month.

Borrowers are located in many different countries. As of July 2020, they are :

  • Latvia
  • Czech Republic
  • Poland
  • Sweden
  • Romania
  • Spain
  • Vietnam.
An excerpt of ViaInvest's loans list

In addition to the rather low interest rate, a withholding tax is applied to interests generated by Czech or Spanish loans. It amounts to 15% in Spain and 19% in Czech Republic. It’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. As a result I’ve decided to exclude these two countries from my auto-invest configuration.

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.

Loan originators

There are currently seven 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 roughly one for each country where loans are offered.

Short description of two loan originators at ViaInvest

Little detail is available about these entities; compared to the amount of information provided by PeerBerry, it could really be improved.

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. As already mentioned, business loans aren’t covered by the buyback guarantee – but they are secured by a collateral -.

Platform’s transparency and reliability

The platform’s team is introduced on the website, albeit without direct link to their LinkedIn profile. The platform also displays public statistics regarding the monthly loans volume.

The available information on the platform’s loan originators is rather succinct; however, all of them are subsidiaries of the VIA SMS Group. The group publishes yearly audited financial reports; they’re not yet available for 2019 but should be ready soon.

In March 2020, ViaInvest announced that they were applying for a IBF (investment brokerage firm) licence from Latvia’s Financial and Capital Market Commission. This would lead to an improved protection for investors; however, it remains to be seen whether this licence will be granted.

Overall, ViaInvest is regarded as rather reliable.

Impact of Covid-19 outbreak on ViaInvest

Like for many competitors, the main impact of the coronavirus outbreak was a much decreased loans volume.

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 at ViaInvest

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 !

Like most competitors, the platform provides a few details about the borrower, but it’s kind of pointless to look at them in detail anyway.

Detail of a loan at ViaInvest

Auto-invest

If ViaInvest‘s auto-invest screen is easier to configure than Mintos‘s, it pales compared to the beautiful design of the similar screen found at Lendermarket or Swaper. Like most of the website, the fonts are very small, and the color contrasts aren’t strong enough.

Moreover, it’s not possible to filter directly by country. As a result, in order to prevent investment in Spain and Czech Republic because of the tax withholding, I have to disable to matching originators (viasms.cz, Via SMS Group and viaconto.es) instead.

One more annoying aspect is for example selecting Vietnam will automatically check business loans, as only these loans are offered these. It’s thus important to double-check all fields before saving !

ViaInvest's auto-invest screen

In addition, should you decide to invest in business loans, the screen will be cluttered by warnings as these work differently from other loans.

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 ViaInvest‘s website feels dated, especially when compared to a newcomer such as Lendermarket.

As already noted regarding the auto-invest screen, the small fonts and weak colors contrast make the website hard to read. Navigation could also be improved : there’s a side menu, but it’s hidden by default – although a lot of blank space is available on both sides of the screen -.

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.

Actual performance of my ViaInvest portfolio

10,24%

At the end of June 2020, the XIRR for my ViaInvest portfolio was 10,24%.

Although the actual performance is lower than what I obtain at Mintos, Swaper or Robocash, it's a reasonable figure for a platform that seems reliable.

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

Portfolio creation date

I created my ViaInvest portfolio in August 2019.

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

17,167

Loans amount financed

€ 92,496,464

As of July 2020

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”…

    Reply
    • 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

      Reply
  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!

    Reply
  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?

    Reply
    • 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.

      Reply
      • 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… .

        Reply

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