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.
However, a completely new interface has been in development since 2023, which is also expected to include a secondary market. The exact release date for this new interface is not yet clear.
Creating an account on PeerBerry is straightforward. You can register through the mobile app (for Android and iOS devices) or online. You will need a camera (such as the one on your mobile phone) and an ID document to create an account.
How does the company earn money? Does the platform operate profitably? And how well is the company positioned financially? In the following paragraphs of this Viainvest review, you can follow-up on those questions.
The platform withholds 5% withholding tax, otherwise it doesn’t deduct any taxes on your behalf. You are responsible for reporting your earnings to the tax authorities in your jurisdiction.
It would have been more honest to lower the interest to a point where investors pull out money and they reach a market equilibrium. How, everyone has to constantly work: some to manually invest in loans every morning, some to pull out money every week to avoid the cash drag.
The number of new loans has also decreased somewhat in 2024 compared to the previous year, though there is still a good volume on the platform.
In our latest review, we rate PeerBerry with an 7.5 out of 10, making it one of the platforms we regularly use. If you seek higher returns than savings offer, but do not favor the price fluctuations of stocks or options, then the relatively stable interest income from PeerBerry’s peer-to-peer loans is an attractive option.
In this Viainvest review, I will reveal how serious these problems actually are and why it is still worth investing with the Latvian-based P2P lending platform.
Personal loans are an excellent investment with high interest rates – as long as they are repaid by the borrower as agreed. However, if this is not the case, things can quickly become uncomfortable! In general, there are three possible solutions in the P2P sector: The loan originator (in this case the ViaSMS Group) provides a buyback guarantee: if a borrower is in arrears with payment for an agreed number of days, the company buys out the debt and pays you back your money plus interest.
With an interest rate of 13 per cent and good security from the profitable parent company, Viainvest is definitely worthwhile. Investors who can bear the basic risk of P2P loans achieve high returns here.
Viainvest takes exactly the opposite approach: the Latvian company is regulated by a financial supervisory authority and holds an IBF (‘
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Due to regulation, Viainvest is obliged to regularly prepare audited annual financial statements. However, these have always been published even before regulation.