Category: Blog

Meet iuvo: Kristiana Uzunova

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We keep showing you our iuvo team. Today the focus is on Kristiana! She adores cats, she loves reading books and exploring new things, but most of all she loves to travel. You won’t be surprised if we tell you that she graduated Tourism. And this is not where her interests end! Kristiana chooses to develop in different professional directions and today she is proud to be a part of iuvo, where she says that she feels like home.

1. How did you wind up at iuvo?
Through an HR agency. Before that, I hadn’t heard of iuvo, but I am grateful that the things happened this way.

2. What do you do when you’re not working?
Mainly three things – reading, travelling and meeting up with friends. Also playing puzzles.

3. Do you have a special talent?
I can move my ears.

4. Do you invest in anything?
I invest in iuvo and in buying books.

5. What should people invest in, besides money and assets?
I think all of us should invest in our future development. Whether it is personally or professionally – we should always strive to do and to be better.

6. What are your customers’ biggest concerns?
Most of the people are not familiar with the concept of P2P investing. This is the main reason they don’t feel sure about it. There is a variety of questions we receive every day and we find it really satisfying to be able to help them and to gain their trust.

7. What do you do when you get mad at people?
I tell them what I think they did wrong and how it made me feel. Then I try to understand the other point of view, in order to clear things up.

8. What is the best advice you have for newbie iuvo users?
Don’t be afraid to ask questions! We are here to help you.

9. Let’s wrap this up with an existential one. Who comes first, the chicken or the egg? Explain why.
This is the biggest mystery of all times. I believe the egg was first.

Investing – the oldest method to keep your wealth growing

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The idea of investing originated in ancient times. It can be traced back to Mesopotamia, 4th millenium BC. At that time, the main asset of interest was land. The only people who could afford to buy land were the rich ones, or in other words – the elilte. Investing proved to be such an important part of society’s life that it made its way to the famous Code of Hammurabi – one of the oldest preserved legal documents in the world. According to the Code, land was to be used as collateral for investment.

Let’s talk about more recent events

Fast forward to the XVII century, the world saw its first real stock market open doors – the Amsterdam Stock Exchange. Although historians argue on whether it really was the first one, it was definitelty first in size and it got enough publicity to become widely recognized as an institution. The stock market was created as an effort to connect business owners and investors, and to standardize investing, while also making it a more transparent and accessible process. That was also when concepts like liquidity, publicized value, and free price sharing were officially introduced.

The Industrial revolution – a new era of investing

Over a century later, the world entered into the industrial revolution stage. This period probably had the biggest impact on investing among all other events in human history. The industrial world introduced permanent employment and fixed salaries – thus people started having spare money that they could put aside every month. At the same time, they also needed a place to store and a way to manage their personal funds. This is how banking was born. Free funds could be saved and multiplied for the future – thus pension funds also originated. With so many changes at once, the investment scene was obviously changed forever – more people could afford to be part of it and they were provided with an easy way to collect and manage their earnings.

The Digital Age

We’re at the verge of another transformation. Actually, it would be more realistic to say that this transformation already started with the birth of FinTech. Even though stock exchange markets and banks made the investment game a whole lot easier, they still have their own imperfections – mostly related to bureaucracy and lack of control for the end user. Luckily, the technology sector has the means to overpower these drawbacks by digitizing and simplifying everything.

Until the new millenium, investing on the stock market was achieved through a middleman – people had to work with stock brokers to access the market and buy shares. The DotCom age provided us with commercial Internet and user-friendly platforms that help us follow the financial market on our own, make informed decisions and invest our money straight away. The available tools are sometimes smart enough that they do a big chunk of the work for you. This has also lowered the learning curve for newbie investors.

The new model

The tech revolution shaped new investment models and assets that didn’t exist before – like investing in P2P loans. Iuvo is a platform for P2P lending that allows you to invest in loans and make profit from the interest and the applicable fees. You don’t need to know anything besides general credit terminology and the profile of the borrowers (which is kindly filled by our loan originators). This gives you the power to start investing right away. At the same time, you don’t need to worry about sudden losses, since you’re protected by the Buy-back guarantee.

Conclusion

Solutions like iuvo help investors appreciate how much the world has developed in the last centuries. Investing has been part of the human culture for so long, but it didn’t experience any drastic changes until the 1600s. With the recent giant leaps, who knows what tomorrow will bring?

We made investing safe. Join iuvo now.

Meet iuvo: Radina Savova

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We continue to show you iuvo team’s faces! Next on our meet-up list is Radina – our organized, ambitious and goal-oriented Customer Support Specialist. If we had to define her personality, we would say that Radina is always understanding and supportive, and “sometimes perfectionist” – as she may add. She holds a degree in International Economic Relations, but her passion and job positions so far lead her to communications and customer support. Before she joined iuvo team, Radina has been working in the non-banking financing sector.

1. How did you wind up at iuvo?
I found out about iuvo from colleagues. I’m always open to new opportunities and this was something that I instantly got interested in.

2. What do you do when you’re not working?
I like going out with friends, reading, traveling. The usual stuff.

3. Do you have a special talent?
Yes, I can paint.

4. Do you invest in anything?
I believe that every investment I make is actually an investment in myself.

5. What should people invest in, besides money and assets?
People should invest in themselves and their future. Investing money and assets is part of the whole picture, of course.

6. What are your customers’ biggest pains?
Some of them are still very insecure with P2P type of investments. It sounds to them too good to be true.

7. What do you do when you get mad at people?
I rarely get mad. I always try to see the things from different perspective. We should be open to accept other people’s opinion and mistakes.

8. What is the best advice you have for newbie iuvo users?
Just try it out. Everything new could be scary in the beginning, but this is the only way we can improve. And in this case – you lose nothing, so why not give a try?

9. Let’s wrap this up with an existential one. What comes first, the chicken or the egg? Explain why.
Oh, this one is easy. The chicken came first as a result of a cross-breed between two other species.

€34 Million Invested – A Story about Success

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Every now and then we like to give you an update about the progress of iuvo, so you know that your money is in the right place and we`re doing our best to provide you with a top investment experience. The increasing number of our customers is a sign that we`re on the right track and we aim to keep it that way. A few months ago, we talked about reaching the milestone of 20 million Euro invested on the platform by more than 5000 investors. However, today we`d like to take a step back and talk about our path to success.

About iuvo
Iuvo was founded in August 2016 in Estonia. Our first partners are from Southeast Europe – Bulgaria and Romania. They opened a whole new world of opportunities for our users. One of our main missions is to popularize P2P investments and spread over the word that there are many alternatives to the stale and traditional investment methods. We believe that anyone can make profit by investing in P2P loans and we can`t stand the thought that there are people out there, who are wasting their hard-earned savings on unprofitable investments.

Your success is our success
We`ve made extensive discussions on why to invest in P2P, but we really can`t emphasize the benefits strongly enough. It is our core belief that the fintech sector has the potential to make investing better for everyone and it is the future.

Traditional methods, such as bank deposits, have less than a percent annual return, whereas iuvo offers an average of 9.2%. With a well-diversified portfolio and clever loan selection you can go up to 15% ROI. Investing with platforms like iuvo gives you much more control over your funds and you are free to make a withdrawal from your account whenever you please. Our aim is not to restrict our users, but to empower them and provide the modern tools to make the most out of their savings. Each user makes us proud and motivates us to keep improving.

We don`t just measure success by the amount of money invested or the number of users we have, we also measure it by the feedback we receive and the satisfaction we get from our accomplishments. It is important to have a user-friendly platform and that`s why the whole investment experience can be personalized based on your preferences. You can adjust the level of risk, interest rate, investment period and many other factors that are relevant to you. It is a truly user-centered method. For example, you can let the Auto Investing feature do all the work for you by setting criteria, which will be followed when investing in loans. You can also focus on the long-run and let the compound interest accumulate to make the most out of your investment. It is your decision to make!

Conclusion
Many modern investors are starting to realize all of the above-mentioned factors and this is precisely one of the main reasons for the high growth of P2P in recent years.

We have a very positive outlook for the future of iuvo and our users. We hope that the 34 million mark will be only a small milestone in the bright future that awaits us. Now start investing and make your savings work for you!