IUVO Group - Risk and return review
IUVO Group - Returns and loss rates
IUVO Group – Platform statistics 2026
63717
investors
IUVO Group – Pros & Cons
About IUVO Group
What it is
IUVO is a marketplace where you buy loan claims from consumer and business lenders, mainly in Bulgaria and other Eastern and Southern European countries. It is run by IUVO GROUP OÜ in Tallinn, Estonia, and belongs to Management Financial Group (MFG), a Bulgarian lending group that also owns several of the lenders on the platform. It has operated since 2016. The platform reports €1,020,377,597 invested in total and 63,717 registered investors (as of 31 October 2026). It holds no financial licence.
How it works
Lenders list the loans they have issued, and you buy a share of a loan's claim, either by hand, through the Auto Assign tool, or through iuvoSAVE, a product that invests for a fixed period at a set expected return. In Q3 2026, 13 lenders listed loans. Easy Credit, an MFG company, supplied 68.6% of the amount listed and the five largest lenders 92.1%. If a borrower is late, the lender is meant to buy the loan back after 16, 30 or 60 days; 82% of the amount listed in Q3 2026 had a 60-day buyback.
Returns
IUVO advertises that returns "can reach up to 15%" a year. The only more detailed figures are the average expected returns of loans each lender listed in Q3 2026, from 9.21% to 14.67% depending on the lender (report of 13 October 2026). A promotional iuvoSAVE offer paid 8.5% for 9 months until 5 November 2026. No average return across all investors and no return after losses is published, so what investors actually earned is not known.
Losses and defaults
IUVO publishes no default rate, no late-loan figure and no loss figure. The statistics page shows only the amount invested and the number of investors. Losses reach investors mainly when a lender cannot honour its buyback. IUVO has said since April 2021 that it is not liable for a lender's buyback if that lender becomes insolvent. Investors have reported money still not recovered from a lender that failed in 2020; IUVO has said it took legal action. No amounts are published.
What secures your money
Most loans you can buy are unsecured consumer loans from lending companies in Bulgaria, Romania, Spain, Latvia, North Macedonia and other countries. A small part is secured: business loans from Fast Finance with property as collateral and Ibancar loans with a car as collateral, together about 1.2% of the amount listed in Q3 2026. On top, each lender promises to buy back a loan that is 16, 30 or 60 days late; for some lenders the buyback covers principal only, for others principal and the expected return. For lenders in IUVO's own group (Management Financial Group, MFG) there is also a group guarantee from MFG. A buyback and a group guarantee are promises, not security: IUVO pays the buyback only when the lender sends the money, and it does not guarantee collection or recovery. About 80% of the amount listed in Q3 2026 came from MFG companies, 68.6% from Easy Credit alone, so the buyback depends mostly on one group. No figures on recoveries from failed loans or failed lenders are published.
Who runs it and its licence
The platform is run by IUVO GROUP OÜ (Estonian commercial register 14063375), owned by MFG. It has no licence. Its user agreement of 22 April 2026 states that it is not a bank, investment firm, crowdfunding service provider or payment institution and that its activity is not supervised as a licensed financial institution. Your cash and your loan claims are not covered by any deposit guarantee or investor compensation scheme. IUVO publishes its own and MFG's financial statements.
Fees
Buying loans, by hand, with Auto Assign or with iuvoSAVE, is free. Selling a loan on the secondary market costs 1% of its principal, and leaving iuvoSAVE early also costs 1% of the principal sold. The first two withdrawals each month are free; each further withdrawal costs €1 (fee table effective 22 April 2026).
Getting your money out
You can offer your loans for sale to other investors on the secondary market for a 1% fee, but a sale depends on demand and is not assured. iuvoSAVE has an early exit, which also sells your loans on the secondary market. Uninvested cash can be withdrawn to your registered bank account from €10.
Our view
Return: Very high: IUVO advertises up to 15% a year, and lenders' expected rates range from 9.21% to 14.67% (Q3 2026). Risk: Very high (higher means more risk): IUVO has no licence, publishes no default or loss figure, and about 80% of the loans come from lenders in its own group, so the buyback is mostly one group's promise. Risk-return: Low: only advertised and expected rates exist, with nothing published on what investors actually earned or lost.
Regulation
License / Regulation: No licence. IUVO GROUP OÜ (Estonia, commercial register 14063375) states in its user agreement of 22 April 2026 that it is not a bank, investment firm, crowdfunding service provider or payment institution and is not supervised as a licensed financial institution. No deposit guarantee or investor compensation scheme covers investors.
Functionality
For Investors
Useful Information
No. IUVO GROUP OÜ states in its user agreement of 22 April 2026 that it is not a bank, investment firm, crowdfunding service provider or payment institution and is not supervised as a licensed financial institution. No deposit guarantee or investor compensation scheme applies.
IUVO itself. Uninvested cash is kept in bank accounts in IUVO GROUP OÜ's name that are set aside for user and lender settlements and kept separate from its operating accounts. The bank is not named, and the balance is not a deposit.
IUVO's public pages do not state a minimum per loan; the user agreement says minimum amounts are set in the portal for each currency. The minimum withdrawal is €10.
IUVO advertises up to 15% a year. Lenders' average expected returns on loans listed in Q3 2026 ranged from 9.21% to 14.67%. No realised return, default rate or loss figure is published, so actual results are not known.
Mostly nothing: most loans are unsecured consumer loans, with property or car collateral on about 1.2% of the amount listed in Q3 2026. Lenders promise to buy back late loans after 16, 30 or 60 days, sometimes principal only, and MFG gives a group guarantee for its own lenders. These are promises, not security, and IUVO does not pay a buyback the lender cannot fund.
You can offer loans on the secondary market for a fee of 1% of the principal, but a sale is not assured. iuvoSAVE has an early exit with the same 1% fee. Uninvested cash can be withdrawn from €10.
Buying loans is free. Selling on the secondary market or leaving iuvoSAVE early costs 1% of the principal sold. Two withdrawals a month are free, then €1 each (fee table effective 22 April 2026).
If a lender fails, its buyback promise may not be paid; IUVO has said since April 2021 that it is not liable for an insolvent lender's buyback, and recovery can take years. Investors have reported money from a lender that failed in 2020 still not recovered. If IUVO itself failed, your cash would sit in its own bank accounts with no deposit guarantee.
Most. In Q3 2026, Easy Credit, which belongs to the same group as IUVO (MFG), supplied 68.6% of the amount listed, and MFG companies together about 80%. The five largest lenders supplied 92.1%.
