INTERVIEW – Iuvo on track to become Europe’s top P2P loan investment platform


Southeast Europe-active peer-to-peer (P2P) investment platform iuvo is on track to become a market leader in Europe, after achieving record-high financial results in 2021, its newly-appointed manager Blagovest Karadzhov said.

“Iuvo achieved 115% growth of net deposits compared to 2020, 110% growth of our wallet compared to the previous year, and 42% growth of the wallet compared to the entire period 2016-2020 combined. This is record-breaking for us,” Karadzhov said in an interview for SeeNews.

“Our results gave us the needed confidence to face the challenges of 2022. We proved our resilience and flexibility by successfully recovering from the COVID-19 crisis. We have the tools and the team to keep iuvo as one of the preferred P2P investment platforms,” he added.

Following is the full text of the interview:

What will your priorities be by the end of the year and within the next three years?

Iuvo is a trusted loan investment platform with an incredible potential to grow. Our goal is to be the top P2P loan investment platform in Europe. And we are now on the way to achieve it.

We started by improving the profitability with much better maturity terms for iuvoSAVE – our alternative to the bank deposits. And we see the results – we have a growth rate of 188% compared to the months before! In a time when the banks are offering only paltry interest rates for the deposits our customers appreciate the value iuvo is offering for their savings.

The technological update of the platform will be an immediate task in the upcoming months.

In the digital world of fintech this will put iuvo in a leading position in terms of improvement in the offered services, convenience, and access to new markets. As I said, a lot of pleasant surprises are coming, but let’s not share everything just yet.

We will continue to innovate. We already started with the needs of our investors that they already shared with us in their feedback. We will make sure these expectations for improvement are met with the highest quality and security.

Could you share details about iuvo’s financial performance last year?

While we see great results in 2022, 2021 was excellent for iuvo! We achieved 115% growth of net deposits compared to 2020, 110% growth of our wallet compared to the previous year, and 42% growth of the wallet compared to the entire period 2016-2020 combined. This is record-breaking for us! Our results gave us the needed confidence to face the challenges of 2022. We proved our resilience and flexibility by successfully recovering from the COVID-19 crisis. We have the tools and the team to keep iuvo as one of the preferred P2P investment platforms.

What turnover levels and yield has iuvo reached since its launch?

The total amount of listed loans on our market increased to 538.9 million euro and the total invested amount is 272.7 million euro.

Iuvo helps the expansion of the holding it is part of – Management Financial Group (MFG), and the expansion of all credit companies that we partner with. Iuvo being part of MFG, a group of fintech companies operating in Europe with bold ambitions for geoexpansion, is a factor for stability of the platform and is well appreciated by our clients.

We provide a marketplace with appropriate risk/reward ratio to over 30,000 investors. The total interest amount investors received in 2021 is 1.99 million euro. Besides attractive interest rates, investors on iuvo have opportunities to receive additional profit in the form of
bonuses. The total amount paid to investors in 2021 for bonuses is 132,360 euro and it continues to grow.

What are your strategic goals going forward?

I want to see iuvo as a leader in the growing space of the P2P loan investment platforms. I’m sure we will win the trust of many more customers and investors by offering good profits, excellent customer service, and even more attractive opportunities for investing.
We will continue to expand our portfolio of P2P credits offered on the platform by adding more originators from different countries with different types of credits. More and more lending companies already found the benefits of being listed on the platform and funded by
our investors. The diversification is a key to success and a wonderful risk management tool for every investment strategy and we will continue to add more options to our investors.

Iuvo has a special mission in a world where people need to get value for their money, to invest more easily and to achieve their financial goals. I know we will successfully fulfill our mission.

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