ivom
Posts: 13
Likes: 1
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Post by ivom on Feb 19, 2016 17:46:44 GMT
Hi, I'm new to this forum and fairly new to p2p investing in general. Looking to invest in some more platforms. Can anyone share their experience with Viventor? Is this a good time get started here?
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Post by tom123 on Feb 21, 2016 8:46:55 GMT
Viventor is a platform in a very early stage. There are still some errors showing up, but the overall experience is very good. Support is answering very quick.
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Post by blahetal on Feb 21, 2016 9:34:33 GMT
Viventor is a platform in a very early stage. There are still some errors showing up, but the overall experience is very good. Support is answering very quick. agreed, the web interface is a bit buggy but they are working on it I had few questions about Viventor which I raised via email and Toms (member of Viventor crew) promptly answered me and helped me with few issues I had with auto-invest Last week Viventor added sec. market and new short term-loans. In the comming weeks I think they will be fixing bugs on the interface and adding new features (Toms may shed some light what they are cooking under the hood To conclude - I am happy with Viventor - low LTV on secured loans, short term loan with higher returns avaiable, simple and slick web constantly improved, helpful support team
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shimself
Member of DD Central
Posts: 2,560
Likes: 1,169
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Post by shimself on Feb 21, 2016 13:38:52 GMT
How much do you actually know about who you are lending to?
I never got a sensible explanation, most especially about personal loans for 10K+ being repaid over a few months. Real people don't have that cashflow, so they must be businesses, but businesses don't take out personal loans and often don't own property, and if they do they can get bank loans (really) at much better rates. Gave me the willies.
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Post by toms viventor on Feb 21, 2016 16:01:17 GMT
How much do you actually know about who you are lending to? I never got a sensible explanation, most especially about personal loans for 10K+ being repaid over a few months. Real people don't have that cashflow, so they must be businesses, but businesses don't take out personal loans and often don't own property, and if they do they can get bank loans (really) at much better rates. Gave me the willies. Hi, Unfortunate to hear this. Repeating what we exchanged over e-mails already: the people taking mortgage-backed loans are taking them as private individuals, but using the money mostly for their business purposes (buy-to-let loans, running a small local business etc.). Of course, there are bank loans at better rates available, but the banks are not very efficient when it comes to speed of customer service in Spain. Thus, the loan originators see quite a few people paying back their loans early (6 months - 1 year after borrowing), since they have been able to refinance themselves to a bank or another lender. Long story short, a fair share of the people use this loan type as bridging finance. We have already seen a couple of cases on Viventor as well, when then loans are finished well before the maturity, and investors receive their money back. Besides, we have a new loan type now - short-term consumer loans, which are rather self-explanatory. While we're still working on adding more borrower information to those, maybe such investment opportunities are more appealing to you. Let me know, if there are still some questions keeping you away from giving Viventor a try! Regards, Toms
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Post by gusgorilla on Feb 22, 2016 0:58:56 GMT
I do not understand the disclaimer at the foot of the page. If there is a buyback guarantee then why can the return not be guaranteed? The statement seems to contradict itself.
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Post by toms viventor on Feb 22, 2016 9:31:24 GMT
I do not understand the disclaimer at the foot of the page. If there is a buyback guarantee then why can the return not be guaranteed? The statement seems to contradict itself. Hi, our Buyback means that you receive back the principal in case of a borrower default/Buyback Guarantee being exercised. In that case, you don't lose your money, but don't generate return either. The disclaimer is giving you a heads up that, as with any type of investing, you have certain risks.
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Post by gusgorilla on Feb 22, 2016 18:27:07 GMT
I understand. The disclaimer needs to be rewritten to make it clear that it is only interest, not capital, that is at risk. That makes you sound much safer.
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shimself
Member of DD Central
Posts: 2,560
Likes: 1,169
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Post by shimself on Feb 23, 2016 17:42:48 GMT
How much do you actually know about who you are lending to? I never got a sensible explanation, most especially about personal loans for 10K+ being repaid over a few months. Real people don't have that cashflow, so they must be businesses, but businesses don't take out personal loans and often don't own property, and if they do they can get bank loans (really) at much better rates. Gave me the willies. Hi, Unfortunate to hear this. Repeating what we exchanged over e-mails already: the people taking mortgage-backed loans are taking them as private individuals, but using the money mostly for their business purposes (buy-to-let loans, running a small local business etc.). Of course, there are bank loans at better rates available, but the banks are not very efficient when it comes to speed of customer service in Spain. Thus, the loan originators see quite a few people paying back their loans early (6 months - 1 year after borrowing), since they have been able to refinance themselves to a bank or another lender. Long story short, a fair share of the people use this loan type as bridging finance. We have already seen a couple of cases on Viventor as well, when then loans are finished well before the maturity, and investors receive their money back. Besides, we have a new loan type now - short-term consumer loans, which are rather self-explanatory. While we're still working on adding more borrower information to those, maybe such investment opportunities are more appealing to you. Let me know, if there are still some questions keeping you away from giving Viventor a try! Regards, Toms I'm sorry but as a generalisation I understand, it doesn't happen much if at all in France or UK so it's odd it happens in Sapin which doesn't help, but unless I see each buyers individual situation explained, until I KNOW who actually owes me money I just get scared of fraud (and Bondora had a huge amount of fraud in Spain).
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Post by webbski9 on Mar 5, 2016 0:40:58 GMT
I have to say,so far,my experience with this platform is excellent.The buy-back is a good feature although only capital is returned. Time will tell.The interview with the Management shows their ambition,but nothing beats experience.Worth a small punt.
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Post by webbski9 on Mar 5, 2016 0:49:18 GMT
Apologies,interest is also inc in the buy-back....even better !!!
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Post by picky on Mar 6, 2016 14:29:37 GMT
Hi, Viventor,
I have few questions: 1. I was not able to find any statistics on the loans, originators. 2. Any plans to provide the info on how the originators financially are doing as they are would be responsible for buy back garantee payments. Thanks in advance!
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Post by toms viventor on Mar 7, 2016 11:57:42 GMT
Hi picky, The loan originators' financials will be published late Q1/early Q2, depending on when they become available. Toms
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shimself
Member of DD Central
Posts: 2,560
Likes: 1,169
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Post by shimself on Mar 9, 2016 15:03:42 GMT
Just to add to my Jonah status, the company has now been bought by a Russian billionaire with an unclear (to me) background.
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Post by toms viventor on Mar 9, 2016 16:07:34 GMT
Just to add to my Jonah status, the company has now been bought by a Russian billionaire with an unclear (to me) background. Hi, We have become partners with the Finstar Financial Group, and the transaction was publicly announced across all our media channels, so this is not a secret. Finstar is a multi-billion dollar company, which has made a number of FinTech investments lately in such companies as SpotCap, Euroloans, 4Finance, and others. We definitely see this as an advantage - a partnership opening a whole lot of new development and growth opportunities for Viventor. Finstar team consists of a wide range of seasoned specialists in the fields of Finance, Investments, IT, and many others. The core team has remained, and Finstar becoming a stakeholder certainly diminishes platform-related risk significantly. Let me know, if I can answer any other questions for you!
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