Viventor will be my most profitable platform this year, that is already clear. My Viventor experiences and what I have experienced on the platform in recent years can be found in this article.
Viventor in general
The start at Viventor was like with many platforms, at the beginning hui and later rather mäh… Viventor struggled especially in 2017 with liquidity problems, in the sense of too many investors and too few loans or providers. Viventor used this at times to lower interest rates, which led me to withdraw some money and try out other platforms. It was only when Atlantis Financiers joined viventor with factoring loans at 14% that I increased my stake again. Since then viventor is my biggest carp in the pond and is doing very well.
Viventor, like many P2P platforms, was founded in 2016. In contrast to twino, they don’t offer their own loans, but have had several providers right from the start. Viventor is much more conservative than Mintos, which pursues the goal of the largest market power and integrates more and more providers. Of course, this has the disadvantage that viventor, although similarly old, is still quite small. The advantage is that I have not encountered any problems with originators so far. There were even indications that eurocent, the provider listed for a short time at mintos, had previously been rejected at viventor. Eurocent went bankrupt in 2017 and still has over 200.000€ outstanding on mintos. Eurocent is also a good example that buyback guarantees are worth nothing if the provider of the guarantee goes bankrupt.
Viventor currently only offers loans with buyback. Unlike Auxmoney, for example, every credit request is not placed on the platform and financed if enough investors are found. All loans are pre-funded, which means that the loans have already been checked and granted by the initiators.
A wide range of loans is offered:
- Types of credit: Real estate loans, consumer loans, factoring, credit lines, car loans, pawn loans
- Countries: Netherlands, Spain, Poland, Bulgaria, Lithuania, Kenya
- Terms: 30 days – 60 months
- Interest rates: 6% – 13% p.a.
- Amortization: All loans that I have seen so far are due at the end of the term with the investment amount, interest is set monthly.
- Cashback/ Bonus: currently no action
- Buyback period: usually 60 days, occasionally 90 days
- Skin in the game: 5%.
The secondary market and 14% loans, that were times
The secondary market at viventor was totally uninteresting at the beginning, as it was subject to a fee of 1%. One would have had to sell credits with at least 2% premium in order to make a profit. During a long dry spell of new loans, viventor cancelled the fee, making the secondary endowment policy market much more attractive.
A special feature of the viventor secondary market is that premiums and discounts are only offered in whole percentage steps. In the past, the range went from -99% to +20%, now it is between -99% and +1%. Not much room for a secondary market profit.
The second part of this article continues with my strategy for the secondary market. If you have already tasted blood and would like to start at viventor, click here to register.