I opened a Viventor account

Since Latvian sites are doing rather well at attracting Estonian investors, then I decided to also test out the third Latvian portal, adding a small amount of loans at Viventor to my investments, which already include Twino and Mintos.

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What does Viventor offer?

Viventor started off with offering low interest and low LTV real estate loans and they just recently added short term (1 month) Spanish consumer loans with a set 12% interest rate and a buyback guarantee. Essentially what they seem to be building towards in one sense is a Mintos-like marketplace where different originators can finance loans and have 10%ish returns with buyback. It will be somewhat interesting to see how the battle for their marketshare will work out when competing against one another, but since Viventor has seemed to start from southern Europe there might be enough room for all. Also, P2P in general holds such a small part of the overall lending market that there should be room for everyone.

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How does the site work?

Overall, the site at this point works rather weakly. It seems to be developed live, meaning a lot of things investors are used to from other sites are missing. This includes things like a properly functioning autobidder, data export, easy to read cash flow report, and a whole pile of comfort functions.

I invested into my first loans manually and supply isn’t an issue in the sense that the site doesn’t really have a whole lot of investors yet and their history is by far the shortest of all P2P sites nearby. However, provided that they manage to work on usability they might have a volume issue rather soon as well (at this point there are 144 loans listed on primary market).

Overall, I hope for very quick improvements for the web, proper reporting would be step number 1, since  I created a business account and require usable documentation. Secondly, adding on other originators would likely increase their trustworthiness a fair bit as well. Interesting times at least, seeing Latvians claim large parts of the Baltic P2P investors’ money.

3 thoughts on “I opened a Viventor account

  1. I am trying it too. There is room for improvement, but then the site is very young. And the support is lightening fast. Have you looked into the required docs to avoid tax withholding?

  2. I started today with my first deposit, made some offers but am still trying to get the full view of the site. Do we get notified if our offer is accepted?

    I started offering to the short term loans.

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