One of the leading P2P lending companies, iuvo, has reached the impressive Runner-up position in the People’s Choice category of the prestigious AltFi Awards. For more than a decade, the AltFi Awards have been a barometer of success among Europe’s leading fintech and alternative financing companies. The prizes will be awarded at a special ceremony in London in December.
‘In one year, we doubled our results as regards our key performance indicators, such as attracted customers, active users, invested amounts, listed credits, etc. We monitor the behavior of our investors and strive to anticipate their needs and market trends in order to develop products and solutions that adequately meet the requirements of our consumers and the market’, said Ivaylo Ivanov.
In 2019 alone, the amount of investments in iuvo has increased by 406% and the number of investors by 286%. The company is already in the Top 3 by market share in continental Europe according to Brismo, the largest alternative finance analytics site.
Meanwhile, Ivaylo Ivanov, iuvo’s CEO, was a panelist once again at the 2019 AltFi Berlin Summit in the “Myth Or Reality? Alternative Lending Has Entered The Mainstream” panel.
The hottest topics discussed at the forum were again P2P lending and digital banks, which once again took the jury prize. The trend for European fintech services to enter the US market was outlined, unlike the opposite trend in other technological business areas in which US companies are entering the European market.
The changes to be introduced in the regulations for fintech companies were comprehensively discussed. In the field of P2P panels, they reflected platform targeting to markets and customer types, the impact of AML changes on investors, and sufficient awareness of P2P platform users about the nature of redemption guarantees and the actual risk of investment.