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You are new to iuvo? You do not know how it works, what it offers you and how you can benefit? This article is for you!
Iuvo is a P2P marketplace platform that gives you an opportunity to make passive income from your money. Founded in 2016, the company attracted over 58 000 users and it has over €700M turnover on its market, which makes iuvo one of the most recognizable and biggest platforms by market share in Europe.
How does iuvo’s P2P market works?
With iuvo, you can purchase claims of loan receivables issued by non-bank lending companies (originators), which partner with the platforms. This way the originators get additional funding to expand their businesses, and you make profit with your money, which comes from the interest of the loans. The P2P platform, in this case iuvo, mainly makes profit from the fees it collects from the originators.
With iuvo, control is in your hand because you choose how and where to invest. Originators on iuvo are 13 from 7 countries in Europe – Bulgaria, Spain, Latvia, Romania, North Macedonia, Croatia, Czech Republic. They offer you loans with annual interest rates up to 13%. Your end result depends on your decisions and the loans you choose to invest in. For best assessment according to your expectations, get informed what the originators on iuvo offer you.
How to invest in loans?
On iuvo, you can purchase claims of loans receivables manually or automatically.
Manual investing allows you to select the loans one by one on primary market. You can get familiar with the detail of each loan by clicking its unique ID, decided what amount you want to purchase from it and press the Invest button. When you are ready with the loan selections, it is needed to go the shopping cart and confirm your purchase.
Auto Invest allows you to create a portfolio with your criteria for loans, which the system will follow and invest instead of you. This way you save time and achieve optimal results because the Auto Invest not only uses your currently available money to purchase loans but it will also use the money that will become available with every received payment.
You can filter by preferred interest rate, remaining months until maturity of the loan, originators, countries, etc. Activate it after you have created it and your money works for you.
The key to the successful investment is diversification. Try to spread your money across different originators and countries, as well as across multiple loans. Make sure that your selected criteria match loans that actually exist.
How do you receive payments from the originators?
You receive all payments in your virtual account on iuvo. With every payment from a borrower to an originator, you also receive a payment. Part of your invested amount comes back with part of the interest, which continues until the repayment of the last installment of a loan. After you receive a payment, it is needed to invest in other loans, so your money can keep working and get you the return rate you want to achieve. When your money is available, it does not generate profit.
In case the full repayment of an installment is delayed with a pre-defined number of the days by the borrower, the originator is obligated to pay you back your remaining invest amount in the loan with buyback. Part of the originators also pay you the interest for the period of the delay.
A loan can also be repaid early. You get your entire remaining amount at once, together with the owed interest until the moment of early repayment.
What is iuvoSAVE?
On iuvo, there is an even easier way to make profit from your money, without having to get familiar with businesses of originators and without creating specific strategies.
IuvoSAVE is an easy-to-use alternative to generate passive income from your money. With just a few clicks, you get fixed annual interest and fixed maturity. You know exactly when and exactly what amount you will receive. Predictability for your better financial planning.
You get the interest according to the iuvoSAVE products you choose:
- 5% fixed annual interest with 3 months fixed maturity;
- 6% fixed annual interest with 6 months fixed maturity;
- 7% fixed annual interest with 12 months fixed maturity.
Periodically, there are campaigns for promo product with higher interest.
You can add more money to an already activated product any time you want without changing the maturity date, and with the quick liquidity option, you can keep access to your money with the possibility to make early withdrawals for a small fee. If your goal is to get maximum results, you can select the option for automatic renewal of the period.
With the money in iuvoSAVE, loan receivables are purchased again but without any effort from the user and without your end result being affected by borrower behavior. The money is used only by companies that are part of Management Financial Group (MFG) – the mother company of iuvo and the originators Easy Credit, Easy Business, Access Finance, AXI Card, Mi Prestamo, Kredis and Viva Credit. MFG has non-bank financial companies in 7 countries in Europe, and recently launched in Mexico. There is an upcoming expansion in other countries as well. Big part of their companies are leaders on their respective markets, and some even have been operating for two decades. 8300 employees take care of MFG’s annual 8-digit net profit.
The stability of MFG is an indicator for the stability of the money in iuvoSAVE.
Payments from matured iuvoSAVE products are also received in your virtual account on iuvo. The entire amount is repaid at once instead of multiple smaller payment, like in P2P. After the end of the fixed period, you get your entire invested amount with the accumulated interest, unless you have selected the automatic renewal option.
The access to your alternative opportunity for a passive income is even more convenient and the usage of the product is even easier with the iuvoSAVE mobile app. All you need is just a few clicks on your phone.
How to add funds to iuvo and how to withdraw?
Before you start, it is needed to verify your identity. As a company that conducts financial operations, iuvo strictly follows all AML/CFT regulations of the EU.
You can add funds to your virtual account on iuvo by making a bank transfer from your bank account to a bank account of iuvo. The bank details of the company are available in the “Add funds” page. In details for payment, it is necessary to fill in your unique investor ID to make sure that your money goes to your account. The money goes to your iuvo account within the business day it has arrived in iuvo’s bank account.
Payments from e-money companies are also accepted, as long as you have a personal IBAN there. You will be able to add money to your iuvo account by card very soon!
Money transfer can be accepted only if they come from accounts under your name, and after that, you will be able to request withdrawals only to IBANs you have used to add money to iuvo. You can request a withdrawal for an available amount (not invested in loans or iuvoSAVE) any time you want from the “Withdraw” page. The requests are processed within maximum of two business days, and after that is the bank transfer. You have the right of two free of charge withdrawal in the same month. Each following withdrawal in the same month has a small fee.
What should you be careful for when investing with P2P marketplace platforms?
The main risk when investing in loans is in the lending companies. It is important that they pay their debt to the investors with principal and interest payments, as well as buyback payments. Every partner of iuvo goes through a strict due diligence process, which reviews the legality of the company and its owner, the financial results and the trend of development, the sustainability of the business model, as well as different policies and regulations they have to follow in their country. Even though the risk cannot be eliminated, iuvo succeeds to lower it to a minimum. There have been negative cases with loan companies only during force majeure circumstances – for example, a global pandemic or war. In situations like these, iuvo chooses to fight for the interests of its user but the full recovery of invested funds is not guaranteed.
The levels of stability are higher with the originators, part of MFG, and with iuvoSAVE, because MFG supports its companies with whatever resources are necessary, and can pay the debt in case some of its companies cannot.
