Kviku Review 2024 – A Fully Automated P2P Lending Solution 

Since its launch in 2013, Kviku has established itself as a relatively successful P2P lending platform. In fact, those that are familiar with fintech solutions – such as Mintos, Peerberry and Swaper, might have already come across the name Kviku.

To give you an introduction, Kviku Finance is an investment platform that is part of the wider Kviku Group. The lending portfolio of its P2P arm is financed through independentfunds, as well as independentinvestors.

In this review, I take a closer look at what Kviku has to offer. This includes the types of P2P loans you will be financing, what interest yields are available, and crucially – how safe your capital is.

Kviku Finance – An Overview

Kviku Finance is a P2P lending marketplace that offers investment opportunities through loans that are issued by integrated financing companies. The platform is well established in six countries, including Russia, Ukraine. Kazakhstan, Spain, Poland, and the Philippines.

Investing in Kviku Finance is a completely automated process. Meaning, all you need to do is allocate funds, and the platform will automatically invest your capital based on your predefined criteria.

As of early 2021, the platform has financed loans worth over 100 million euros. In turn, this has resulted in Kviku investors earning an average annualized yield of 12%.

Kviku Finance Products

Kviku Finance offers three different consumer products for you to invest in.

Virtual Credit Cards

• Offers credit of up to 1,000 euros.
• Loan term of up to one year.

Points of Sale Loans

• Offers loans of up to 2,000 euros.
• Loan term from two months to one year.

Line of Credit

• Offers credit of up to 3,000 euros.
• Loan term of six months.

How Does Kviku Finance Work?

The loan originators are responsible for verifying the creditworthiness of borrowers that wish to apply for loans on the platform. Once a borrower has been approved, the loan option will be available to invest via the Kviku P2P platform.If the loan criteria falls within the parameters you have created, Kviku Finance will automatically invest your funds.

Immediately after the borrower repays the loan that you have financed, the principal amount and the accumulated interest will be automatically transferred to your Kviku Finance account. You can either choose to reinvest the funds or make a withdrawal to your personal bank account.

Each loan comes with a payment schedule, and borrowers are required to make repayments in line with this. In an event that the borrower fails to meet their scheduled payments, the buy-back guarantee will be activated.

Kviku Finance Buyback Guarantee

Similar to other prominent P2P platforms, Kviku Finance covers loans with a buy-back guarantee. For those unaware, a buy-back guarantee protects your capital from a potential default.

That is to say, in a scenario where the borrower delays or defaults on the repayment of a loan that you have funded, the loan originator will automatically purchase the loan from you.

Now, what is notable is that Kviku’s buy-back guarantee not only covers the principal amount but also the accrued interests. Take note, the buy-back guarantee is activated if the borrower defaults on a payment by 30 days.

How to Get Started with Auto Invest Portfolio on Kviku Finance

As I mentioned earlier, all investments on Kviku Finance are processed automatically. You can follow the four steps listed below to create an Auto-Invest portfolio on the platform.

1. Create an Account

Both companies and individuals can invest through Kviku finance. In order to get started, the requirements are that you have to be at least 18 years old and hold a bank account.

You can set up your account by filling out a short registration form and providing scanned copies of your identification documents.

On the other hand, if you are representing a legal entity, you will also have to provide information such as business registration documents, information regarding beneficial owners, and any other details depending on the risk assessment of the company.

2. Deposits Funds to your Kviku Account

Before creating a portfolio, you will first have to ensure that there are sufficient funds available in your Kviku Finance account. You will be allocating capital for different investment portfolios through this account.

You can process a deposit either through a bank transfer or a debit card. It is important to note that you will be able to deposit money only from the accounts in the same name as your Kviku Finance account.

However, you can add more than one bank account, given that they are registered under the same name. The minimum deposit required for each transfer is set at 50 euros, but you can start investing with as little as 10 euros.

It is also possible for you to make transfers in currencies other than euros. These deposits will automatically be converted by the platform at the time of the transaction.

3. Create your Auto-Invest Portfolio

Once the funds appear in your account, you can set out to create your auto-investment portfolio. Kviku Finance has made it easier for you to determine the potential returns on your investments using sliders.

When you change the amount and duration of the loan, you can see the expected return for your planned investments. When you are happy with the prospective outcome, you can click on ‘Create Portfolio.’

On the next page, you can enter the name of your portfolio, confirm the investment amount and the term of the loan. In addition, you can also define the following parameters of your portfolio:

• What are the minimum and maximum amounts you want to invest in an individual loan?
• What are the minimum and maximum interest rates you want to receive?
• What is the preferable repayment period, ranging from 1 to 90 days?
• Which countries do you want to invest in?
• What is your preferred investment strategy – do you want to reinvest the principal payments and accrued interest?
• Do you want to allow partial investment if you have limited funds in your portfolio?

When you have confirmed your pre-defined factors, Kviku Finance will give you an overview of how many loans are available on the platform that matches your criteria.

If you do not specify any of these metrics, the portfolio will be created based on the default criteria. This means your investments will be spread across loans that offer the selected interest rate. Additionally, this also means any collected payments will be automatically reinvested.

4. Earn Interest

Borrowers are required to start making payments based on the schedule of the specific loan agreement. This money will be added to your Kviku Finance account automatically – once received by the P2P provider.

Depending on your investment strategy, the money will either be reinvested or you can choose to transfer the funds to your bank account.

Although the entire investment process is automated, you also get to control your portfolio as needed. At any given point, you can go back and edit the existing criteria. However, these changes will affect only future investments made.

You can also temporarily deactivate a portfolio and reactivate it later. If you need to permanently remove a portfolio from your account, you can altogether delete it at the click of a button.

Overview of Investments

As with many P2P platforms, Kviku Finance does not give you the option to choose which individual borrowers you are lending money to. However, you can still gain access to a detailed overview of your current investment situation.

You can check the following data regarding your investments once you have activated your portfolio:

• How much money is available in your Kviku Finance account.
• How much money you have invested in each portfolio.
• The total amount of accumulated interests.
• Loans that are overdue.
• How much capital is ready to be withdrawn or to be reinvested.

It is worth noting that Kviku Finance does not give you access to individual loan agreements or any details regarding the borrower’s standing. Additionally, this gives you no information regarding how diversified your investments are on the platform.

Kviku Finance Loyalty Bonus

As a measure to reward loyal investors, Kviku Finance has also set up a Loyalty Bonus feature.

In order to be eligible for this benefit, you should have invested at least 1,000 euros on the platform. Your total account value should not drop below 1,000 euros for three consecutive months.

If you have met this requirement, then Kviku will grant you an additional 1% interest for any new investment made. The system will perform the Loyalty Bonus check at the end of every calendar month. In case you are eligible, you will receive an email once the bonus has been granted.

Kviku Finance Safety

Kviku Finance is a part of Kviku Holding Ltd, which is registered in the Republic of Cyprus as a Limited Liability Company. Its associated operating companies also hold local licenses in their respective jurisdictions – such as from the Central Bank in Russia and Kazakhstan,ASNEF in Spain, and the Securities and Exchange Commission in the Philippines.

Kviku Finance follows anindirect investment structure – meaning you will be investing in loans through its partnered originators. As such, if there is a case of insolvency, your agreements with the loan originators will remain intact. In other words, your right of claim against the borrower will remain valid.

But it is important to note that the repayment of your investment will depend on the individual borrower. On the one hand, if delayed, the buy-back guarantee should ensure that you receive your full investment and interest amount in return.

However, and most importantly, ther buy-back guarantee is only as good as the financial health of the respective originator. In other words, if the loan originator runs into financial problems and thus – it is unable to cover the buy-back guarantee, your capital is at risk.

As always, originators working with Kviku Group issue loans at much higher interests than those offered to investors. This additional amount acts as a safety net, insofar that it covers the costs of any operating expenses and potential risks.

That said, there is very little information regarding what will happen to your investment if the loan originators terminate their agreements or are liquidated. As such, while the prospect of earning 12% per year is tempting – make sure that you are well diversified to ensure you are not over-exposed to a single P2P platform.

Kviku Finance Customer Service

The only way to contact the Kviku support team is through email. There is no assistance provided through phone support or Live Chat.

Kviku Finance Fees

At the moment, Kviku Finance does not charge any fees to invest on the platform. All transactions of deposits and withdrawals are also processed free of charge.

However, non-EUR deposits will likely incur an additional fee mandated by your own bank.

Kviku Finance Pros

• The platform offers an average annualized return of 12%.
• A buy-back guarantee is available for all loans after a 30-day delayed period – for both the principal amount and accrued interest.
• You can start investing with as little as 10 euros.
• Loyalty bonus of an additional 1% in interest rate.

Kviku Finance Cons

• There is no option to manually select which loans to invest in.
• There is no access to a secondary market or an early exit program.
• Customer support is limited to email.

Kviku Finance – The Verdict?

Kviku Group has a relatively long-standing reputation in the world of P2P lending, with over seven years in this field. In 2021, the platform plans to expand its ventures to India, Vietnam, and Indonesia.

The main draw with this P2P site is, of course, the prospect of earning up to 12% per year. That said, Kviku Finance also comes with its own limitations. For instance, there is no option to manually select your own investments, which might put off those of you that like to take more of a hands-on approach to investing.

On the other hand, if you are looking to dip your feet in the P2P lending scene, the auto-invest feature might be to your liking. After all, this allows you to invest in a much more passive manner.

The user interface of this P2P platform is simple, aimed at making the investment process easier for both professionals and beginners alike.

When it comes to the safety of your capital, it is notable that a buy-back guarantee is in place. However, do remember that this ‘guarantee’ is only viable if the underlying loan originator is financially healthy.

Invest with Kviku (€20 Bonus)