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Trust in receivables in P2P loans is growing. This is evidenced by the market growth, as well as the number of emerging portals. Vigilant users hold their breath in anticipation of the development of FinTech industry. And rightly so. Until recently, P2P was considered an alternative form of receivable, and today it enjoys great expected annual return as a major receivable product and ranks equally with receivables in shares, bonds and mutual funds.
In particular, iuvo is doing very well and is already emerging from the startup phase to join mature companies in the market. Since its inception, the portal has proven to be a stable and secure partner. Historically, the portal has shown persistence, systematicity and hard work. To date, we have 8 originators, over € 85M purchased and more than 15,000 users that have trusted their receivables to iuvo. We currently enjoy strong partnerships with the loan originators due to our ability to evaluate and choose to work with leaders in different markets. The quality of the selection of originators in iuvo is also a source of pride due to the fact that we have neither originators that have been removed from the portal, nor users that have lost their money due to bankruptcy. These indicators, as well as the possibility of a stable Passive way to make your money work for you, are becoming increasingly competitive for receivables by legal entities.
Traditionally, business is conservative about innovations, especially when it comes to receivables. However, the advantages of the P2P market are attracting more and more corporate users in iuvo. “Corporate receivables in P2P portals are prevalent in developed markets, and this trend is also felt here. Institutional players at iuvo find optimal levels of risk and return and their exposures increase day by day”, commented Ivaylo Ivanov, the CEO of the company. Since its inception, the portal has been open to receivable of corporate funds and has enjoyed increasing expected annual return to date. The main advantage of the portal attracting corporate receivables is the stable average annual return of 9.2% and quick liquidity of capital. It is crucial for corporations to be able to withdraw their receivables within a few months.
Why companies choose us
The development of the portal is significant for 3 years and we can boast of stable growth. We have opened a market for receivable in loans in new latitudes within the territory of Eastern Europe. Today, this market performs particularly well in terms of key indicators that are important when choosing a P2P portal – number of loans, average annual yield of 9.2% and maximum – 15%, loan conditions and low default rate. The portfolio of originators in iuvo is gradually growing and with good planning. This attracts receivables by companies of various fields of activity – transport, manufacturing, media, information technology, real estate, etc. Being able to get a high passive return on a company’s free working capital is a good deal in itself.
The best strategy
The variety of loans and personal goals of the user company determine the strategy of each individual customer. Corporate receivables are welcome in iuvo with no minimum receivable threshold. The companies on our portal purchase different amounts – from several thousand to hundreds of thousands of euros – according to their personal receivable strategy. Profit is the main driver of corporate receivables. Thus, most companies prefer to trust their money to autoi-purchase by checking their portfolio on a daily basis and manually purchasing of receivables new funds received for the purpose of optimal use of the receivable. Companies are particularly careful when choosing an originator and rely on trustworthy and stable originators that have a good reputation in the market. Before purchasing of receivables, they carry out due diligence on the financial statements and portfolio of the originator. Long-term loans with an average annual yield and moderate risk are preferred for receivable.
Purchasing of receivables in loans is really easy and secure with iuvo – as a private or corporate user. Test it today!
