Platform Concept: SAVY is Lithuania's first peer-to-peer (P2P) lending platform, designed to connect borrowers with investors. It aims to democratize lending by allowing individuals to invest in consumer and business loans, thereby facilitating joint financing with attractive returns and flexible terms.
Business Activity: Since its establishment in 2014, SAVY has facilitated various loan types, including consumer loans, small business loans, and mortgage loans. The platform is regulated by the Bank of Lithuania and recently acquired the European Crowdfunding Service Provider (ECSP) license, allowing it to operate across the EU.
Offered Services: SAVY offers consumer loans with and without real estate collateral, business loans, and refinancing options. The platform provides detailed credit ratings for each loan, auto-investment options, and a secondary market for selling investments.
Unique Selling Points: SAVY stands out for its high historical average annual returns (around 21%), stringent borrower selection process (approving only about 5% of applicants), and risk mitigation tools like the Investors' Fund which compensates investors for delinquent loans
Basic information
Licence/regulation: SAVY licensed under European Crowdfunding Service Providers (ECSP) regulation
For Investors
Functionality
Useful Information
What Investments Does the SAVY Offer?
Investment Projects: The platform primarily offers P2P loans for consumer and business purposes. Loans are available in various amounts and terms, with detailed information provided to help investors make informed decisions.
What is a Risk When Investing on a SAVY?
General Risks: Risks include borrower default, economic fluctuations affecting borrower repayment capacity, and liquidity risks. SAVY mitigates these through rigorous borrower assessments and the Investors’ Fund, which compensates for defaults after 90 days.
How Does the Savy Work?
Service Description for Investors and Project Owners: Investors register, create or link a Paysera account, and can either manually invest or set up automated investment profiles. Borrowers are assessed based on credit history and financial stability before being listed on the platform. The platform ensures transparency and security in all transactions.
Types of Investments Offered: SAVY offers consumer loans, business loans, and loans with or without real estate collateral. Investors can choose based on various criteria like loan term, interest rate, and borrower profile.
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