Iuvo strives to deliver superior experiences for investors through its wide listed credit portfolio by trustful originators and outstanding platform simplicity. We give numerous opportunities for progressive investing and freedom of choice while focusing on constantly accelerating customer experience, high investment returns and security.
Directly from sunny Spain we welcome the latest addition to our list of originators – Ibancar. Before we tell you more about them, we would like to share with you the awesome news – 10 to 12% interest rate for loans with a class A credit score and a buyback guarantee in case of default that activates after 16 days.
When you lend someone money, it is you who is worried about getting paid back. So how do you reverse the psychology and make borrower worry about repaying on time?There is a simple solution – take as collateral something that borrower loves or needs.
Ibancar is a pioneer in non-bank consumer lending and they use the borrowers car as collateral for their loans. Since 2014, the company has successfully developed its business model and its success has come from its innovative product, efficient risk management and a good understanding of the credit market.
Ibancar takes great pride in its historical success in recovering capital, which to date is 100%! The total amount of loans granted is over €1.65 million and the company has not accumulated any credit losses on these collaterized loans since its establishment in 2014. This allows the loans to be listed in iuvo with a high level of trust and a class A credit score.The average maturity of loans is 32 months and the average amount is € 3,300. The loan to value (“LTV”) of Ibancar loans is also very conservative, on average the loan amount is less than 50% of the market value of the collateral (the car). Investments open to investors are in EUR for loans with a duration of 24 to 36 months with an expected annual interest rate of 10% to 12%.
The excellent results of the company, both in terms of lending and collection, make investments in Ibancar safe. We make sure of that with the buyback guarantee, that activates after 16 days. For even greater safety the originator retains 30% ownership (“skin in the game”) of each loan and offers only the remaining 70% to investors.
The listing of these new class A Ibancar loans offers a great opportunity to invest wisely and to diversify loan portfolios with investments in one of the fastest growing markets in Europe – Spain. Do not forget to update your Auto Invest portfolio filters!
Be among the first to invest in Ibancar. The investment is worth it!
As you already know, in the world of P2P investing, easy, fast, and unproblematic online depositing is a determining factor for an enjoyable handling. Trustly is a licensed payment institution, widely known and used in 29 countries, supporting payments with over 3,300 banks. The biggest advantage of this method is that you can make instant online bank transfers directly through your mobile banking. No registration is required, just enter your online banking data and the funds are reflected in real time in your account. The only condition for using the payment method is to have an active bank account at one of the banks with which the platform works.
Trustly saves you time waiting for the transaction to be reflected. From June 11th to July 11th, the usual transfer fee to your iuvo account of 2.3% of the deposit value does not apply and you can make your transfers without it.
If you know Trustly well
If you fall into the group of investors who have already used Trustly, you already know the method very well. You know that the amount appears immediately in your account and that’s the main reason you choose to invest with Trustly. Now is the time to take advantage of our promotion, which gives you a month of loading your account through Trustly quickly and comfortably and … FREE OF CHARGE.
If you have a bank account, but you have not yet deposited with Trustly
If you are an active investor, you probably know that some of the shortcomings of bank transfers are the fees and the two days delay. Maybe it’s time to try an alternative method, namely Trustly. Trustly is a method that uses your active banking. With it, loading is quick and easy, as no registration is required. And at the same time, you meet the conditions of having a bank account at a Trustly’s partner bank. Now is the time to take advantage of the preferences of this type of deposit because for a period of one month the usual transfer fee to your iuvo account of 2.3% of the deposit value does not apply.
If you deposit through a bank account, but your bank does not work with Trustly
Trustly has already proven its advantages of an alternative and extremely fast deposit method. It is usually paid but is currently in a promotional period, which means depositing free of charge. You can take advantage of the promotion to test how the method works and to see if this option is the best for you. To do this, you can check out Trustly’s list of partner banks and decide if such a change will have a positive effect on the way you invest in iuvo.
If you have never invested in iuvo
If you are registered in iuvo but have not yet started investing, choose one of the deposit methods described here. The most popular online payment method among iuvo investors is Trustly. Many of our investors appreciate its advantages, among which the fast money transfer. This month even without the usual fee of 2.3% of the deposit value.
For a period of one month, Trustly is at your disposal free of charge. Take advantage of one of the most affordable and fast methods of alternative depositing in iuvo. Let your money work for you. Deposit free of charge with Trustly!
The interest in P2P investing in Europe and the value of turnover in the sector continue to grow. The growth on the continent (excluding the UK) for 2017, for example, was 63% compared to 2016. The profit levels in P2P are double or even triple compared to traditional investments, such as real estate. The standard bank deposit delivers less than one percent return, while the average annual return at iuvo for 2018 was 9.2%.
Since the founding of iuvo in 2016 to date, the confidence in us has increased many times and today we are proud of 60M euro in investments, which is a 406% increase compared to the same period last year.
Iuvo already has more than 12,000 investors from 120 countries. Their number grew by 286% in 2018 compared to 2017. The average deposit on the platform to date is 5 000 euro and 10% of our investors have deposits with over 10 000 euro. We face new challenges such as entering new European markets, welcoming new originators, offering different types of credits, and adding a variety of functionalities. We are constantly working on improving the overall customer experience with iuvo, especially regarding depositing and investment methods, as well as security levels. For us it is of utmost importance that the platform continues to be user-friendly and everything is customized to the requirements and expectations of our investors.
That is why we constantly check if we are up-to-date, based on the feedback we get from you every day.
Our main mission is to promote P2P investing, thus trying to provide an alternative to old fashioned investment methods. We believe that everyone can make a profit by investing in P2P loans and we can not stand the thought that there are people who waste their hard earned savings on unprofitable investments. At the core of our values is the belief that the financial technology sector has the potential to make investing more enjoyable for all of us, and that is definitely the approach of the future.
It’s no secret that because of the booming IT sector, softwaredevelopers are among the most sought-after and highest paid specialists. Most of them are fairly young people because, due to the specifics of their work, they have started their career very early and, before the age of 30, they have often reached the leading positions in the sector. The majority of programmers today are well-behaved, educated, intelligent and active people. They have well-developed soft and social skills, they are interested in politics, art and sports. Their profession is prestigious, well-paid and with a constant perspective of growth and development. They are creative and liberal, and challenges are part of their everyday life. They have learned a lot but continue to educate themselves every day, and use their free time to stay active and catch up on some of the benefits of youth. Therefore, it is no surprise that most of them prefer to spend their money on leisure, education, and invest their savings in different types of assets. Let’s look at each of these trends separately.
The profession of the programmer is intense, often meeting tight deadlines and assuming different responsibilities. Sometimes the boundaries between work and personal life are blurred and at such times, compensatory mechanisms come into play. Programmers often find a balance in investing in their free time – sports, social and cultural activities, extreme experiences, and participation in various sports leagues – like football, table tennis, bowling, chess or board games. Some take part in rallies and marathons, which are a real test of the human spirit. Others go bungee jumping, skydiving or mountain climbing. There are also those who take spontaneous trips without a specific route, and each subsequent destination depends on their mood and the people they encounter during the journey.
Education in the digital sphere is not something you start and finish at a certain time – it is a life-long process. Most software developers who want to keep developing in their profession have the attitude that good work goes along with continuous education and that in order to achieve success, it is necessary to be dedicated to both. Therefore, the most ambitious of them invest their hard earned money in additional training courses and re-qualification programs. Many programmers invest in education in areas other than just the digital – just to improve their general knowledge and expand their imagination – since especially the latter is vitally needed for creative problem-solving and coding.
Investments in P2P
When they have filled their free time with interesting experiences and received the necessary extra knowledge to grow in their careers, but they still have available funds, programmers often choose to invest them. Due to the specific nature of their pursuits and their digital thinking, they don’t usually resort to traditional methods of investing. Most of them, therefore, prefer to invest in P2P platforms where the deposited funds are managed quickly and conveniently without complicated procedures and without the need for specific skills and pre-training.
If you are a programmer and you have available funds, at iuvo, for example, you can invest in loans and find a detailed classification of all indicators and borrower ratings. Get clear guidance on how much return you can expect and a detailed, personalized strategy for your investment. Our professional customer service department is here to help you navigate the world of investments and the easy-to-handle iuvo system always guides you the right way in managing your finances.
Nobody likes the word inflation. We all know that it is the main reason that our savings, even though they might be significant now, will have a lower purchasing power in a few years. Particularly unfair is the ratio between the inflation rate and the interest rate on bank deposits, which at the moment is in favour of inflation. This means that each subsequent year our money stays in a bank will significantly reduce the volume of affordable goods and services. All this makes the bank deposit as a means to increase our savings less useful. This is where investments come into play as one of the best methods to counteract inflation.
If you already have the experience, you could try investing in stock markets, mutual funds or in different types of assets – such as stocks, bonds, real estate, or gold. However, this requires a lot of expertise and strategic thinking, as well as a huge amount of patience. Turning profits can take time and almost always involves high risk.
In the absence of serious experience, we recommend investing in P2P as one of the ways to overcome long-term inflation. This way you will also “lock” your savings for a certain amount of time, but unlike the deposit, if all goes well, at the end of the adventure profitability will have outpaced inflation. In the worst case, you will have your initial investment back because of the existing buy-back guarantee provided by the P2P originators that protects your money. And if you want to “unlock” your investment in the meantime, you can list it on the Secondary Market.
Automatic P2P Portfolio
If you choose iuvo, you should know that the risk level of this type of investment can be minimized by selecting an automatic portfolio, which means that the platform itself can allocate your savings to different types of credits and risk levels. The various filter combinations offered by iuvo allow you to build a portfolio that is tailored to your profile and is within your personal investment style. This will also save you time since you no longer need to manually select credits and work on a specific strategy.
At iuvo, we try to be useful to our investors, so we decided to present to you the different methods of depositing in the platform. We aim for the highest possible functionality and for this purpose we have created a detailed description of the steps that are important for you to follow when depositing – you can see for yourself when you login to your account and click on the “Deposit” button, conveniently positioned in the upper right corner of the header menu. As you already know, deposits can be made in euro, Bulgarian leva, Romanian lei or Polish zloty. And here are the methods for depositing in iuvo quickly and efficiently:
To use this highly efficient service, you must have an account with Paysera – creating a profile there is very fast and easy. We recommend Paysera if you want to make a deposit in all currencies from one place. Iuvo has a company account there and through it all transactions are made within seconds. It is important to know that there are no fees for transactions between two Paysera accounts.
One of the methods of depositing in Bulgarian leva is by bank transfer to our Allianz account. For euro – you can use Allianz and Paysera. For Romanian lei and Polish zloty, you can again use Paysera. Please specify the iuvo account as payment reference and provide the following information:
– iuvo Investor ID: EVP6210002572095;
– your profile ID number: XXXX;
– reference – loading an investor account
Funds will be available on your iuvo account within the day of receipt and, once added to your account, you will receive a confirmation email. The types of bank transfers which can be used are the following: interbank transfer, internal bank transfer (as long as you have an account in the particular bank); or cash deposit at a bank branch.
There are no fees for euro deposits in iuvo. Wire transfer fees vary depending on the bank.
In the world of P2P investing, easy, fast, and unproblematic online depositing is a determining factor for an enjoyable handling. Trustly is a licensed payment institution, widely known and used in 29 countries, supporting payments with over 3,300 banks. The biggest advantage of this method is that you can make instant online bank transfers directly through your mobile banking. The only condition for using the payment method is to have an active bank account at one of the banks with which the platform works. Trustly saves you time waiting for the transaction to be reflected, and the fee for transfers to your iuvo account is 2.3% of the deposit amount. This method is convenient for regular transfers of smaller amounts. When investing large sums, however, the better option is a bank transfer.
And a few more options for a deposit
In the “Other” section you will find several other convenient deposit methods, namely Transferwise, Revolut, Currency Cloud, EasyChange and Currencyfair. Using these payment institutions, you will be able to make deposits at any time you wish. For some of them, you may need to provide us with your bank account information. Each of the following documents is valid for this purpose, given your name and IBAN number are visible: bank statement, payment order, copy / photo of electronic banking. The benefit of depositing through one of these services is the avoidance of high wire transfer fees.
When investing funds regardless of our strategy, we always think about the risk. When someone decides to trust a platform like iuvo with their investments, they usually ask themselves, “What if an originator leaves or even goes bankrupt?”
Our criteria are accurate and clear – these include a careful study of the originator’s history. Each of our current partners have gone through a due diligence period during which property, financial health and portfolios were traced. Even after they have been included to the platform, we monitor the financial situation of each originator every 3 months to confirm that they have no difficulties that would affect iuvo and our investors.
The information about our originators is available on our updated page “Loan Originators”. It’s a good idea when investing in iuvo to take a look at borrowers and borrowers’ profiles but also to get acquainted with the current status and history of our originators. You will be able to see the state of the activity of each originator, including ratings, currency, the types of credit they offer, the value of their loan portfolio, their regulating bodies, and whether they offer a buyback guarantee. We remind you that the originator is obliged to repurchase your investment if it occurs that the credit you invested in has been delayed for over 60 days. Currently, all platform originators are committed to offering a buyback guarantee. In order to be as forthcoming as possible, we have provided details for you on the originator page, such as the net profit of the originator, as well as a percentage of their minimum obligatory participation in any credit granted for investment with us.
And yet, if the originator terminates our relationship …
In the rather unusual event of termination of the relationship with an originator, they would stop uploading new loans, but they would also be committed to continue to send information about current loans and how they would pay off. At iuvo, we strictly monitor the allocation, payment, and addition of loans to the platform, as well as the activity of the originator by reviewing the financial statements every quarter. This is how we cover extreme situations such as bankruptcy of an originator, for example, and we guarantee that everything stays legal and runs according to the initial plans. The contractual relationship with each originator provides for a variety of sanctions that go into effect if irregularities occur. So far, that has never been the case.
As you know, risk-free investment does not exist, but the risk can be successfully controlled through some mechanisms, the most important of which is the so-called buy-back guarantee that all iuvo credits currently have. If the credit you invested in is delayed by more than 60 days, the buy-back guarantee is activated. This means that the originator undertakes to redeem your original investment in full up to 61 days after the credit enters into default.
The benefit of this mechanism for you is the certainty that whatever happens with the credits you invest in, the funds initially invested by you will be reimbursed by the originator. And you will be able to invest them again, diversifying your portfolio and reducing the risks to a minimum. The benefit to the originator is that by winning your trust, they provide you with a fresh inflow of funds to use for new loans and thus give you new opportunities for investment and diversification of your portfolio.
Parameters of the buy-back guarantee
All iuvo originators provide a buy-back guarantee for the principal, which is one of the main tools for us at iuvo to provide a safer environment for our investors. Guarantee for the interest, on the other hand, would create tensions for iuvo’s loyal partners, and will also create conditions for limiting available credit from a higher risk class, which would also reduce opportunities for diversifying your portfolio. Investing in more and more credits is a mechanism to increase the rate of annual yield in iuvo.
Scope for diversification
Remember that P2P lending is a good tool for diversification because it is easy to manage and brings a steady return, while the risk is relatively low. Diversification is a technique that reduces risk by allocating investments between different types of assets and instruments. To provide you with the opportunity to really make an informed decision, we have introduced an obligation to all originators to publish details of each borrower, such as age, monthly income, risk rating, etc., along with information about the interest rate and payment plan of the loan.
The buy-back guarantee protects your initial investment, but in order to achieve a good return, while also protecting your funds, you must not stop looking for different borrower profiles and different credit ratings for your next investment. In addition, it is advisable to keep track of all your investments, to compare their results and to adjust your strategy as you go.
We at iuvo care about our investors and the self-esteem they enjoy while using our platform. We are aware that one of the biggest concerns about our service is the risk that a loan will fall into arrears and will not be repaid. In order to be as useful as possible, we have created the iuvo credit rating system for credit risk assessment.
According to this system, the probability of delay is divided into six different classes – from A to HR. According to them, the probability of the borrower falling into arrears that would trigger the buy-back guarantee is between 0 and 100% (the highest risk class is 35-100%). By providing this data, we give you direct assistance in credit risk assessment and you don’t have to search for additional information on the platform.
To maintain a reasonable level of risk in your investment portfolio, always keep in mind both the expected return on the credit and the likelihood of it falling into arrears and activating the buy-back guarantee – try to find your ideal balance between the two. You can learn more about the breakdown of percentages between risk classes, as well as return rates by classes, in our article on credit risk assessment here.
As we have already mentioned before, if you prefer to invest manually, one of the most direct ways to predict whether the borrower will make a payment on his loan is to get to know his profile. After logging in, go to the Primary Market and click on the ID of any loan – this action will open a screen with the characteristics of the loan. See the Borrower and Collateral section. You can see detailed information about the profile of the user who received the loan. All data in the table is provided by the originator and is not edited by us.
It is the data analysis that provides you with the combination of a credit rating and a borrower’s profile that will help you predict credit risk. By looking at the details of different users and paying attention to the credit ratings of their loans, you can set your own criteria and target a particular borrower’s profile on the platform. This analysis is also the basis for defining your personal investment strategy.
Of course, if you do not have the time to invest manually, you can achieve results that are just as good if you diversify your auto portfolio strategy. Diversifying your portfolio alone reduces your risk level – it will help you experiment with different borrower profiles and different credit ratings, and sense for yourself what level of risk you feel most comfortable with. In other words, there is no universal golden mean. There is a golden opportunity for anyone who knows how to find the balance between the different parameters that the platform provides.
If you are financially literate, you should know that you don’t have to own a business to manage a budget. The organization of the resources you spend and receive should be a guiding principle in your everyday life to ensure that things are going in the right direction. Ideally, at the end of the month, you have made ends meet with dignity and have successfully planned the next one. Your private organisational system should also cover your long-term needs – yet no one can guarantee that in a year the size of your income will be as you have predicted. That is where saving techniques come into play – each of them should ensure that after a while your efforts will be rewarded and you can benefit from the fruits of your labor as you think best. Here are three time tested ways to save:
Create a budget
The first thing you need to know is where your money goes every month. Write down all your expenses – contributions to home loans, leases, household bills, clothes, food, coffee, car fuel … Use the receipts received over the past four weeks to help with the overall calculation. When you have the numbers, it’s time to sort them by category and create a budget. This will allow you to compare your revenue with your expenses, plan the latter, and restrict your overheads. Keep in mind that some costs are regular but do not occur every month, such as car maintenance. Review your budget and check your progress every month. Not only will this help you stick to your savings plan, but it will enable you to quickly identify and fix the problems.
Pay yourself first
What does this mean? Open a savings account and transfer between 10% and 15% of your salary there each month. If your costs are so high that you can not afford to put 10-15% of your income aside, it’s time to think about reducing them. To do this, find things you can spare for the time being – like eating out, new clothes, or fun with friends. Try to look at the money you save, as you look at the cost of food and water – it is mandatory. If necessary, set automatic transfers into the savings account and do not think about it anymore. Or just set a saving goal – a wedding, a vacation, a new home, a car, your children’s education, retirement or an emergency fund in case of sickness or unemployment. In this case, it is useful to predict exactly how much money you will need and how much time you will need to save it – that will help you determine your savings plan.
Invest your savings to increase them
You may prefer to make a bank deposit instead of a savings plan – so you stash your money away in a bank for a certain period of time and you benefit from the interest. However, if you prefer a higher yield, one of the most up-to-date tools to achieve it is P2P investing. The method connects investors and borrowers, and offers many more benefits than conventional banking, as everything happens entirely online. This allows for transparent and controllable investments. In the worst scenario, your savings will remain intact due to the existing buy-back guarantee provided by the originator, and at best – you will earn much more than by just depositing your money in a bank. The average annual return of iuvo investors for 2018, for example, was 9.2%. However, with proper capital structure and management, return on investment through iuvo may reach 15% on an annual basis. Get to know the platform, create an account, and then an investment strategy and finally move to diversifying your portfolio. And how would you know if your portfolio is balanced? Do not be afraid to seek help from us here.