We Have Tested the Viventor P2P Platform
Viventor is another Latvia based P2P Investment Platform. It has currently (December 2018) about 5,000 investors. More than 80% of outstanding loans are consumer loans and more than 90% of the investments are in Lithuania. The returns from consumer investments are typically within the 10-11% range.
Viventor LLC was founded in 2015 and is headquartered in Riga, Latvia.
The company works with lenders in Bulgaria, Kenya, Lithuania, Netherlands, Poland, and Spain. Several lenders offer a buy-back guarantee, but not all of them do. So, read carefully before you invest.
No Preview of Active Loan List
Our first impression is not good. Before you register and verify your identity (including address), you have no preview of current active loans and possible investments. Viventor only offers a demo account, which shows a different picture than the live website.
Note the significant difference between primary and secondary market. There is a reason for this.
Limited Supply of Loans on Primary Market
The number of loans is limited on the Viventor primary market, making it harder to create diversity within your preferences or keep an active flow on your account, unless you set up auto-invest. In our test, money on the account remained idle for too long, lowering the profit.
An overwhelming part of the loans on the primary market runs for 36 months or more (December 2018). During our review, only 6 loans(!) had a term of 12 months or less.
To invest in loans with a short loan term you must use the auto-invest tool or buy loans on the secondary market where they come with an additional 1% cost.
During our review, we added 600 Euro to the auto-invest feature on the Fast Invest Platform. All funds were invested within a few hours.
We simultaneously added the same amount to Viventor’s auto-invest tool. After 24 hours none of our funds on Viventor were invested.
What Others Say
Viventor doesn’t have enough reviews on Trustpilot to draw any conclusions. Negative reviews date a few years back when the platform was new, but loan supply was a problem then – and still is.
Pros – What We Like
- Daily, weekly, or monthly reports by e-mail
- Many options to filter account statement
- Tax report
- Mobile app
- Information about loan originators
Cons – What We Don’t Like
- No preview of active loans (only access to a demo account until you’ve signed up)
- Loan supply on primary market is too low
- Few short-term loans
- 96% of loans on primary market are already late
- Low company transparency
Rated by P2P Investments:
Review last updated December 8, 2018.