How does iuvo work?

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 portal that gives you the opportunity to make your money work for you. Founded in 2016, the company has attracted over 65 000 users and it has over €850M turnover on its market, which makes iuvo one of the most recognizable and biggest portals by market share in Europe.

How does iuvo’s P2P market work?

With iuvo, you can purchase claims of loan receivables issued by non-bank financial institutions (originators), which partner with the portal. This way, the originators get additional financing to expand their businesses, and you benefit from the expected annual return of the loan receivables. The P2P portal, in this case iuvo, mainly makes profit from the fees it collects from the originators.

With iuvo, control is in your hands because you choose how and where to purchase receivables. Originators on iuvo are 13 from 7 countries in Europe – Bulgaria, Spain, Romania, North Macedonia, Latvia, Croatia, Czech Republic. They offer you loan receivables with expected annual return rates up to 13%. Your results depend on your decisions and the receivables you choose to purchase. For the best assessment according to your expectations, get informed what the originators on iuvo offer you.

How to purchase loan receivables?

On iuvo, you can purchase claims of loan receivables manually or automatically.

Manual purchasing of receivables allows you to select the receivables one by one on primary market. You can get familiar with the details of each receivable by clicking its unique ID, decide what amount you want to purchase from it, and press the Purchase button. When you are ready with the receivables selection, go to the shopping cart and confirm your purchase.

Auto Assign allows you to create a portfolio with your criteria for loan receivables, which the system will follow and purchase instead of you. This way, you save time and achieve optimal results because the Auto Assign not only uses your currently available money to purchase receivables, but it will also use the money that will become available with every received payment.

You can filter by interest rate, remaining months until maturity of the loans, originators, countries, etc. Activate it after you have created it, and your money works for you.

The key to being successful at purchasing loan receivables is diversification. Try to distribute your money across different originators and countries, as well as across multiple loan receivables. 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 used amount comes back with part of the expected annual return, which continues until the repayment of the last installment of the loan. After you receive a payment, you need to purchase receivables from other loans, so your money can keep working and reach the return rate you want to achieve. When your money is available, it does not bring you benefits.

In case the full repayment of an installment is delayed with a pre-defined number of days by the borrower, the originator is obligated to pay you back your remaining amount in the loan with the buyback obligation. Part of the originators also pay you the expected annual return for the period of the delay.

A loan can also be repaid early. You get your entire remaining amount at once, together with the paid interest until the moment of early repayment.

What is iuvoSAVE?

On iuvo, there is an even easier way to make your money work for you, without having to create specific strategies.

IuvoSAVE is an easy-to-use alternative to make your money work for you. With just a few clicks, you get an unchangeable expected return returne and an unchangeable duration. You know when and what amount you will receive. Predictability for your better financial planning.

You get the expected annual return according to the iuvoSAVE versions you choose:

• 5% expected annual return with 3 months duration;
• 6% expected annual return with 6 months duration;
• 7% expected annual return with 12 months duration.

Periodically, there are promo campaigns for a higher expected return.

You can add more money to an already activated iuvoSAVE any time you want without changing the duration, and with the option for flexible access to your money, you can make an early exit for a small fee. If your goal is to get maximum results, you can select the option for automatic renewal of the period.

The money in iuvoSAVE is also used to purchase receivables, but the user saves all their time, and the expected results can be easily predicted. The purchased receivables are only from loans issued 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 institutions in 7 countries in Europe, and it has been working on its expansion in other continents. Big part of their companies are leaders on their respective markets, and some have even 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 a matured iuvoSAVE are received in your virtual account on iuvo. The entire amount is repaid at once instead of multiple smaller payments, like in P2P. After the end of the duration, you get your entire used amount with the accumulated return, unless you have selected the automatic renewal option.

The access to your alternative opportunity to make your money work for you is even more convenient, and the usage of the module 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 Portal 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 trusted 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 transfers 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 currently used to purchase receivables with iuvoP2P or iuvoSAVE) any time you want from the “Withdraw” page. The requests are processed within two business days, and then it 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 about when you purchase receivables with P2P portals?

The main risk when you purchase loan receivables is in the lending companies. It is important that they pay their debt to the users with principal and interest, and to fulfill their buyback obligation. 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 policies and regulations they have to follow in their country. Even though the risk cannot be eliminated, iuvo strives to minimize it by allowing only duly verified companies. 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 funds of its user, but the full recovery 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 their debt in case some of its companies cannot.