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Post by nellerdk on Jul 2, 2018 19:22:54 GMT
does anyone have experience with fastinvest.com?
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Post by pedro29 on Jul 31, 2018 11:20:15 GMT
I would like to know too,
Looks good the site with good interest rate.
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Post by buttchopf23 on Jul 31, 2018 22:17:16 GMT
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Post by amoult on Aug 6, 2018 8:53:33 GMT
So, is this update online in your blog or did you update the original post?
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Post by buttchopf23 on Aug 7, 2018 9:32:51 GMT
It simply was too hot for the update  will post it here. But my position has not fundamentally changed. |
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bazzy
New Member
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Post by bazzy on Aug 13, 2018 14:24:25 GMT
It simply was too hot for the update will post it here. But my position has not fundamentally changed. It's not so hot anymore. 
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Post by bkracan on Aug 21, 2018 6:04:53 GMT
www.fastinvest.com/en/icoWhat do you guys think about this? I don't like ICO projects and I also don't like that p2p in which I invest are doing ICO project. Too much scames in this business.
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0risk
Member of DD Central
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Post by 0risk on Aug 22, 2018 13:39:59 GMT
I'd like to know more too. I've just started my first investments. Great features: high interest, guarantees and buybacks in a few days.
Their plans are ambitious, and it goes way beyond p2p: currency exchange, payment cards, crypto exchange.
I'm cautious. I don't like ICO either, but I hope this works out. Their goals remind me of Uphold in US. They mainly do exchange between currencies, metals and cryptocoins, and also prepaid cards, but not p2p lending.
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Post by explorep2p on Aug 24, 2018 11:13:38 GMT
There are many, many things about FastInvest that raise questions. In particular, FastInvest must be the only P2P site in the whole of Europe who won't even tell you who their loan originators are. The whole business model of the company is also blurry and their willingness to sell likely worthless ICO tokens to people is also a little worrying...
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0risk
Member of DD Central
Posts: 217
Likes: 202
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Post by 0risk on Aug 24, 2018 14:13:50 GMT
There are many, many things about FastInvest that raise questions. In particular, FastInvest must be the only P2P site in the whole of Europe who won't even tell you who their loan originators are. The whole business model of the company is also blurry and their willingness to sell likely worthless ICO tokens to people is also a little worrying... So true. I went there to check and couldn't even find a list of current loan originators. But I never seen so many pretty faces in one company. I could get a job there. PS: Someone mentioned they have +21 loan originators from Europe are on the platform.
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Post by statomas on Aug 24, 2018 21:44:48 GMT
Hello,
I spent some time chatting with them after I read this article (www.p2phero.com/2018/05/02/fastinvest-a-post-with-mixed-feelings/?lang=en) After reading it I thought I could also gain more confidence and understand more what is happening there... What is weird in this article that the guy says he decided to write this article after talking to 2 persons who said "business is ok there". No single logical argument neither from him, neither from those 2 people he talked to...
Sadly I must admit explorep2p is absolutely right. They do not disclose any information about their loan originators due to "high competition in the market" (this reason is not serious to say the least). After asking what will happen to my money if FastInvest will go down (the usual answer in other platforms is that you know your loans and your loan originators and bankrupt administrator will take it over from platform) they insistently repeated "we take personal responsibility for defaulted loans, not our partners"...
What I personally think without any proves and purely on my imagination is that they are building finance pyramid there. They generate fake loans gathering money from investors, they generate tokens to attract extra money, they have fake offices in the world places where you can open company via internet. Their staff is only Lithuanians and they have 22 years old blonde CEO who I think is also "fake" CEO behind some owner Russian guy (the name was mentioned in some website, but cannot find it anymore).
They obviously offer highest returns in the market to attract. As long as they succeed the company will live. But then...
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0risk
Member of DD Central
Posts: 217
Likes: 202
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Post by 0risk on Aug 25, 2018 12:47:14 GMT
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0risk
Member of DD Central
Posts: 217
Likes: 202
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Post by 0risk on Oct 27, 2018 14:24:49 GMT
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Post by pedrolopes on Oct 27, 2018 19:28:37 GMT
Greetings,
I presume that most people commenting here have never read the "Assignment Agreement" attached to every single investment made at fastinvest.com, it becomes evident that they are under the UK regulatory jurisdiction, whether the British authorities enforce that regulation, that is an entirely different matter.
On the 13 article of the Assignment Agreement, reads:
The confusing language used in the Assignment Agreement serves a purpose and that is to be possible to have multiple interpretations of what it actually means. However, we should pay attention to what they do not say, because that is the most important detail: there is no identification of any institution besides fastinvest as the "assigner" and us the investors as the "assignees", however they define in the text who the borrower and the lender are.
On article 3.7 they refer that lenders can change the conditions whiteout informing us.
We can safely assume that the lender is the loan originator, even tho they insist in maintaining a secrecy between us and the other parties identities (the lender and the borrower).
The possibility to repay us investors in case of delinquency from the part or the borrower belongs to Fastinvest, but does not constitute an obligation, fastinvest claims to be "entitled" to buy back the remaining principal of the loan excluding interest, they do not say they are "obliged" to do so.
Their interest rates are only slightly higher than other platforms, I don't find their interest rates suspicious, their lack of transparency on the other hand is worrisome.
Best regards.
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Post by explorep2p on Nov 20, 2018 20:45:05 GMT
Greetings, I presume that most people commenting here have never read the "Assignment Agreement" attached to every single investment made at fastinvest.com, it becomes evident that they are under the UK regulatory jurisdiction, whether the British authorities enforce that regulation, that is an entirely different matter. On the 13 article of the Assignment Agreement, reads: Their interest rates are only slightly higher than other platforms, I don't find their interest rates suspicious, their lack of transparency on the other hand is worrisome. Best regards. Hi Pedrolopes. One thing that you need to make sure you understand is that just because a contract is subject to the laws of the UK has nothing to do with whether a company is regulated in the UK. It is just the location where any litigation would take place. The FCA (the UK regulator) does not list Fast Invest on its register. Fast Invest is actually an Estonian company but there does not appear to be any record of them on the website of the Estonian regulator.
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will post it here. But my position has not fundamentally changed.
