Over a year ago the Romanian credit company Fast Finance joined as originator in iuvo. Company is specialized in personal financing, based on three key advantages they strive to offer the market – fast service, flexibility and simplicity. We are proud to have this partnership which gives a unique opportunity to our investors to diverse their portfolio with up to 15% interest rate credits.
One year since we have Fast Finance on the platform, we asked them for a quiz. Check what Adrian Cocora (Director General) shared with us about their partnership with iuvo.
- Tell us about the business model of your company?
Fast Finance represents the ideal financing solution – extremely fast and flexible – for small companies or for individuals who act as investors in small business projects.
We are proud of the fact that through innovation and flexibility we are able to offer alternative and personalized solutions to the specific needs of our clients, which we help to solve their financial problems and lending needs in an optimal way characterized by the following 3 directions: Speed, Flexibility, Simplicity!
- How and why did you decide to join iuvo as an originator?
An important goal for us is to diversify our funding sources. In this approach, in 2017 we decided to be present on a P2P platform.
Both companies represent new, young and dynamic projects, with ambitious development plans so that the cooperation between us has come somewhat naturally
We are pleased to say that for almost 2 years we have been building a sustainable and profitable partnership together, for the benefit of all parties involved, under the conditions of business security.
- What do you think distinguishes iuvo from other players on the market? What are the main advantages of iuvo?
Iuvo is a young tiger, so he has a great appetite for development. This means an honest, direct and transparent approach, which gives (us, the originators) a desired comfort and which provides investors with practical and easy access to an alternative of investing money in safe and profitable conditions.
- How would you compare your participation in iuvo with your experience with traditional investment tools?
Faster (reduced time consumption) Simpler (without bureaucracy), More profitable (higher returns than banking or capital investment insurance plans)
- How would you describe the experience you’ve had with the platform in 3 words?
From the point of view of the originator: Correct, Transparency, Professional
From the investor point of view: Intuitive, Profitable, Safe
- What would you advise beginners who are currently considering investing in P2P loans?
To invest responsibly the amounts of money they have available (money from savings and not from loans), minimize risk and maximize profit by building a diversified portfolio (smaller investments in more loans, of different types granted by more originators)
- What do you think we need to improve in our work?
From the point of view of the originator: Nothing, Keep It Simple!
From the investor point of view: Nothing, Keep It Simple!
- How do you picture a typical iuvo investor?
Between 30 and 50 years, from urban environment, educated, employed, with a certain financial comfort and receptive to the new challenges.
- Can you forecast the future of P2P and the FinTech industry?
P2P and Fin Tech are simultaneously, builder and beneficiary of the future.