Even though Viainvest is one of the most established P2P platforms, it’s also known for its sometimes significant IT problems. When they underwent regulation in 2022, they completely missed adapting their software, and they spent weeks dealing with corrections and updates.
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In addition to the blog, I host as well Germany’s largest P2P community, where you can exchange ideas with thousands of other investors when you need quick answers.
To get access to the relevant data, Viainvest offers to download tax reports and income statements from the platform.
The combination of all those factors makes it really safe to invest on PeerBerry compared to other Peer-to-Peer lending platforms.
Secondly, both are P2P platforms based and regulated in Latvia, with a similar focus on unsecured consumer loans, although Twino has recently focused much more on property investments. Additional information can be found in my Twino review.
In the recent past, P2P platforms have had to overcome several crisis situations. These included the coronavirus pandemic and the war in Ukraine. How did Viainvest deal with these situations?
a) Loans available on Peerberry seem to be longer term and I am interested in medium-higher risk 60-240 day offerings. Could you please provide recommendations on these.
You can also choose whether your investments should have a buyback guarantee. I will explain exactly what this involves in more detail in the next section. For all those who do not yet have any Viainvest experience, I would generally recommend selecting ‘
Even if the platform operates in a supposedly safe environment, the expected return on Viainvest is largely dependent on the performance of the individual lenders. How should this risk be assessed?
To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove viainvest content that breaches our guidelines, including reviews that are not based on a genuine experience.
A so-called demand imbalance can occasionally occur. This happens when there are more investors looking to invest in P2P loans than there are available P2P loans. Smaller platforms can experience this from time to time. In general, you have two options:
Economically though, the pandemic has left its mark on Viainvest. Although the turnover has slightly increased, expenses have risen at a much faster pace. After seven consecutive years of profitable business results, the company concluded a loss of EUR 280,000 in 2020.
We're pleased to hear about your successful two-year investment journey with PeerBerry. Ensuring your satisfaction is our ongoing commitment, and we hope to be your trusted companion for many more years.