Peer-to-peer lending that leaves out the big banks as intermediaries has the opportunity to disrupt Euro financing.
Peer-to-peer (P2P) lending platforms have disrupted American financing. That is old news. What is more interesting is the impact of such platforms in Europe where big banks have long dominated the entire loan-initiation process as well as the investment chain.
The market here is huge and in Europe just beginning to be tapped. While the UK has led market development to date, increasingly continental Europe is opening up to such opportunities as well. European P2P initiatives grew 92% in 2015 to 5.4 billion euros. P2P consumer lending is, so far, the biggest and fastest growing market segment, although far from the only one. And while the UK has dominated this market growth so far, Fintech and blockchain-enabled lending platforms based on the continent are poised for opportunity. Particularly in a post-Brexit world.
Brexit will mean that British banks will lose what is called “passport rights” that enable them to have access to European markets. And P2P lenders are already jumping into the void this is creating, as well as allowing new kinds of services and income investment opportunities.
Beyond Brexit, however, the rise in such opportunities is being driven by blockchain as well as the recognition of its role in alternative finance.
Fast Invest’s mission is to create a cross-European platform where investors can earn returns for investing in loans. At present, the platform offers an 8-15% return based on past performance for short-term investments of as low as 1 euro, US dollar, pound or Polish zloty after ten months.
With an existing presence in the UK, Ireland, and Poland, the company is now embarking on its conquest of the rest of Europe. Germany, the Netherlands, Belgium and Spain are on top of the list of the company’s expansion, followed by France, Italy, Norway, Sweden, and Finland.
Currently, the platform already offers a basket of loans to invest in from the entire region. The company was founded in 2015. Today, before the crowdfunding, the company has 8,500 plus daily customers across Europe, 21 certified lenders, 36 client origin countries and over 50 employees on staff.
The company is currently in the middle of an ICO. Tokens will be issued to investors looking for a single cryptocurrency to manage their entire digital wealth platform. FIT tokens, the token of Fast Invest, are ERC-20 compliant utility tokens.
The team at Fast Invest is committed to building a sustainable, scalable investment model that delivers higher returns for its investors without the need or involvement of big banks. For investors, this creates an opportunity to grow their portfolios and earn passive income from loans across the EU. The company also has existing offices in the UK, Italy, and Poland.
The Fast Invest loan process is a simple, four-step process:
Step 1: Borrower receives a loan. After a secure verification process that includes the provision of federal level identity documents (like passports) and income risk assessment, borrowers receive loan offers from associated creditors. Fast Invest does not lend its own funds to borrowers.
Step 2: Certified credit institutions sign partnerships with Fast Invest. These licensed institutions which are regulated under regional central banking law, operate as a financial services operator for the country. They in turn service the assigned loans to the platform. Investors, as a result, can find different loans issued by creditors across the EU.
Step 3. Borrowers make regular monthly payments per the terms of the credit agreement and schedule.
Step 4: Investors receive funds as the borrowers begin to make payments. This includes both a principal sum and interest amount for that period. Funds are automatically transferred to the customer account by the Fast Invest platform. Users can reinvest those funds in any available loan or request a payout to their regular bank account.
Two types of investments
Investors will be able to choose between Fiat-based lending to consumer loans and crypto-related investments in which you can use cryptocurrencies to invest. This will significantly increase the yield over regular bank returns which are about 1.25% API at present. These investments include traditional and alternative investments including issued loans, real estate, private equity and other structured finance products. Fast Invest’s business model provides access to “crowdfunding capital” for lenders and makes investing simple, secure and accessible for investors!
Investors can invest as little as 1 Euro in consumer loans on the current Fast Invest products and get that back within one day with the Fast Invest buyback guarantee.
Use cryptocurrency to invest across regions
FIT tokens allow investors to participate in a growing P2P market opportunity across Europe and the US.
Here are the details of the upcoming Fast Invest token sale:
Token name: FIT
Token base: Ethereum (ERC-20 compliant)
Token supply: 777,000,000
Tokens generated for crowdsale: 388,500,000
Token sale duration: December 4 2017 – January 31, 2018
Token exchange rate: 1 ETH equals 1,200 FIT until softcap. 1 ETH equals 1,000 FIT after softcap