What is Fast Invest?
Fast Invest is an innovative crowdlending platform which offers high-returns loans secured by one of the best buyback terms of the market. It was registered in the United Kingdom in early 2105, but their main office is based in Lithuania. However, they also have offices in Poland, Italy and Estonia. At Fast Invest, users can invest in fractions of consumer loans issued in European countries. The loan’s terms last from 1 up to 12 months of duration.
I highly recommend taking a look at the interview I did to the CEO of Fast Invest, Simona Vaitkune.
In a nutshell, this is their business model from the borrowers to the investors:
At the time of writing, their Trustpilot score is 8.4/10. Let’s find out why the investors are so happy with them in the following sections!
What return can I expect?
At Fast Invest, the interest rates of the marketplace are from 9% to 15%. At the time of writing, my current interest rate is 13,74%.
Let’s see how a loan details page looks like:
Use the Portfolio Estimator to see how your portfolio would perform over the years.
Fast Invest provides the best buyback guarantee I’ve found so far: if a loan’s payment gets delayed by just 3 days (damn!), the loan originator will automatically repurchase the contract with no required action by the investor’s side. Say bye bye to the tedious cash drag!
Nevertheless, investing always entail risks. In this case, you will only lose your investment if the loan originator or Fast Invest platform defaults (which is an unlikely scenario). Their loan originators are still not disclosed due to their agreements and contracts terms, but their CEO said that this situation might change in the near future.
Like Mintos or Grupper, they provide a featured auto-invest tool which automatically buys those active loans which meet a predefined criterion. You can go manual too, but I honestly rather setup a nice hands-free configuration to reduce the management time spent. Also note that you can configure and prioritize more than one portfolios.
Let’s see how one of my strategies looks like:
Moreover, the minimum investment per loan is just 1€, thus it’s quite easy to diversify the money among different kind of loans.
There is no Secondary Market as such, but if you want to, Fast Invest will buy back all your investments within 1 business day (guaranteed). Note that you will not receive the interest earned from those sold loans, though. Anyway, this is a quick and effective process which I personally tested out by myself with no issues so far.
There are no fees applied to the investors.
Start with an advantage
Unfortunately, Fast Invest does not provide any bonus for new referred users. However, I’d appreciate that you decide to sign up through my referral link. At no additional cost to you, I’ll will earn a commission which will allow me to keep posting interesting stuff in this blog. Thanks in advance for your support!
The bottom line
To sum it up, Fast Invest provides an easy-to-use platform (I honestly don’t miss any technical feature so far), and they offer a 3-day buyback guarantee, interest rates and liquidity terms that are outstanding. Nevertheless, I hope they enhance their transparency levels within the following months as they have already promised. They are consolidating as a solid investing alternative which yields a stable high-interest profit month by month.
Any question? Already using Fast Invest? Do not hesitate in asking your doubts or sharing your personal experience in the comment section below.