Grupeer
Grupeer is a p2p lending platform based in Latvia, offering to invest in business loans as well as development projects.[1]
History: Grupeer was launched in February 2017 by real estate developer Andrejs Kisiks and his sister Alla Kisika, who had experience in real estate project management in the UK.[2] The Grupeer’s IT department has developed the platform from scratch in-house.[3] The idea was to unite small investors together without the need to even see each other in order to fund business projects. Since the beginning to October 2018, Grupeer has funded Eur 13 million loans and has more than 3200 users. [4]
How it works: Grupeer offers the platform that allows users to invest as little as Eur 10 in the business loans or development projects. Anyone, who is over 18 and has a European bank account can become an investor.[5] Investment opportunities are offered by “loan originators”- credit market professionals. Grupeer is conducting due diligence procedures prior to placing loan deals on the platform. Additionally, all loans are protected by BuyBack guarantee. This means that in case the borrower can’t pay back the loan, the loan originator is obliged to BuyBack the defaulted loan and satisfy all missed payments including the interest rate. The average interest rate on Grupeer is 14.3%, it is higher than 42% of P2P platforms.[6]
References[edit]
- ↑ "Loan deals". Grupeer. Retrieved 2018-10-12.
- ↑ "Earning through cooperation". Forbes Finland. Retrieved 2018-10-12.
- ↑ "Interview with Grupeer". P2P banking. 2018-06-07. Retrieved 2018-10-12.
- ↑ "Grupeer". Grupeer. Retrieved 2018-10-12.
- ↑ "Grupeer FAQ". Grupeer. Retrieved 2018-10-12.
- ↑ "Platform Grupeer". Welltrado. 2018-07-12. Retrieved 2018-10-12.
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