Fast Invest Review

Fast Invest Review

Investors Investments Founded Country
+30’000 +13 M EUR 2015 UK
Fast Invest is a peer to peer lending platform allowing to invest in consumer loans across the European countries United Kingdom, Denmark, Spain and Poland. All the loans have BuyBack guarantee that pays the principal investment and the interests if the borrower defaults to pay after 3 days (the industry standard is 60 days). The investment term range from 1 to 12 months. When selecting an investment, generic information are provided such as loan details (e.g. ROI, term, amount) and repayment schedule (principal and interests).

In addition, the platform offers two unique selling propositions:

  • A MoneyBack guarantee feature that allows to sell investments to the platform and withdraw the money at any time
  • A high principle repayment: Investments generate monthly interests but also a principale repayment (of your invested amount) which happens at a good scale. It means that after 6 months, you can expect to have already received back 20-30% of your invested amount that you can then reinvest.

How it works:

  • borrower applies for a loan from a loan originator.
  • The loan originator checks the application, performs a risk evaluation and grants the loans if everything was fine.
  • A credit institution checks and certifies the loan for investment.
  • Fast Invest compliance and credit risk department approve the loan.
  • Investors select the loan and the amount they want to invest.
  • The borrower makes monthly repayments which are distributed to the different investors based on their shor of the investment loan

Performance:

Investments at Fast Invest generate an average ROI of 12.5% with available loans reaching up to 13% of ROI. The interests are pays on a monthly basis and the principal amount is usually amortized multiple times during the investment period.

Safety:

Here are the different procedures offered by the platform to make it safer:

  • BuyBack guarantee: if a payment of interest is overdue more than 3 days, the BuyBack feature is triggered. It then takes 3 days for the investor to receive payment of the principal and interests sum.
  • Skin in the game: all available loans are 100% pre-funded by the loan originators that are forced to invest at least a 5% stake in every single deal to make them accountable
  • Moneyback guarantee: investors can sell an investment before the term. The money will be provided to the investor after 1 business day.

Advice

Fast Invest is a platform ideal for new crowdfunding investors: It is really simple to use. Investors just need to setup their auto-invest functionality and the platform will take care of investing the money.

The return rate of in the market average (12% ROI) and the loans come with the above-explained BuyBack guarantee and PayBack guarantee which makes a great difference compared to the standard secondary market. So you don’t have to care about the loan term and you can get back your invested cash when you want.

Another good point of this platform is that they are growing internationally, with offices in the UK and most recently also in Hong Kong and Singapour. The investments that they offer can be made in the following countries: UK, Spain, Poland, and Denmark, which allows a good diversification between different regions of Europe and not only in East Europe as many other platforms do. I thus strongly advise you to add Fast Invest to your portfolio.

The downside of this platform is that we don’t have clear visibility and information about the loan originators.

Pros & Cons

Pros Cons
+ Exit anytime (sell to FastInvest)
+ High-interest rates (~12.5%)
+ Repayment of part of loans before term
+ Buyback guarantee on all loans
+ West-Europe investments (e.g. UK, Denmark)
+ Auto-invest available
– Medium-sized platform (lower track record)
– Small loans information
– No loan originators visibility
– No cash-back investments

Investment details

Investment currencies EUR, PLN
Return on investment (ROI) 12.5%
Minimum investment € 1
Investment period 1 – 12 months
Default rate 0%
Investment fees 0%
Skin in the game (of loan originators) 5%
BuyBack guarantee Yes (3 days)
Auto-invest Yes
Secondary market No (but you can sell back your loans to the platform)
Trustpilot Score (Safety) 8.6/10  

Investment types

Personal/consumer loans

Investment example

investment example fastinvest

Investment result forecast

Below you will find the resulting forecast when investing using Fast Invest compared to investing the same amount in the US stock market (US stock market: 6% average yearly growth in the last 30 years).

By investing €1’000 using Fast Invest for 15 years you might end up with €5’852 (€3’455 more than with the stock market).

Welcome bonus – affiliate/referral link

You can register to Fast Invest by clicking the button below. It will be highly appreciated. Thanks!

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