What Is Fast Invest?
Fast Invest is a Peer-2-Peer (P2P) investment account, which is classed as an alternative investment (compared to things such as share trading, term deposits etc). What is P2P investing you ask? P2P means peer to peer (i.e. from me to you) and allows one a person to take a loan from another person. This means that you bypass a bank or other official financial institution. The result – better loan interest rates for the borrower, and a higher investment interest rate return for the investor. These returns can be much higher than interest, term deposits and other financial investments. Fast Invest currently offers up to 16% return on various P2P investments!
About Fast Invest
Fast Invest (www.fastinvest.com) is a United Kingdom P2P platform created in 2012. The company has extended its offices to Italy, with plans to extend to Hong Kong and Singapore. All loans have a maximum timeframe of 12 months. Fast Invest offers consumer loans in Poland, Denmark, Spain and the United Kingdom. The platform also deals in multiple currencies, including EUR, PLN, GBP and USD. Fast Invest offers loans with buyback and default guarantees, whereby Fast Invest will repurchase any investment you choose to sell before the investment period is up (but you will lose the interest). There are no restrictions on European residency, so everyone can invest at Fast Invest, with only a minimum investment amount of €1. Investors must have an EU IBAN account, which can be gained through TransferWise (find more about TransferWise here).
Fast Invest Statistics
Fast Invest is a private limited company, registered in the United Kingdom in December 2012
Paid out interest: Unknown
Interest Rate: 9%-16%
Registered investors: 30,000+
Total funds invested: € 13,000,000 +
Fast Invest Account Setup
You can become an investor with Fast Invest quite simply. Just fill out investor registration, add funds, choose loans to invest in, and wait for the loan repayments to be made.
In order to withdraw funds from your account, you need to confirm your identity and have a personal bank account in your name in the European Union.
The Platform is straightforward to use, and loans are easy to select. You can filter loans by term, amount, loan origin (Poland, Denmark, Spain, United Kingdom), currency and interest rate.
What Types of Loans Are Available through Fast Invest
Fast Invest currently offers consumer-based loans across the European Union.
The Fast Invest platform supports 4 fiat currencies – European Euro (EUR), United States Dollar (USD), United Kingdom Pound (GBP) and Polish Zloty (PLN).
All loans are 100% pre-funded by the Loan Originator, and the Loan Originator will always keep at least 5% skin in the game
Fast Invest Buyback Guarantee
If you choose to sell your investment before the due date, Fast Invest will purchase the loan back within 1 business day guaranteed. Look for loans with this symbol:
If you choose to sell the investment before the borrower has completely paid it off, you will lose all interest earned through the process, but you will receive all of your initial funds back.
Fast Invest Defaults / Default Guarantee
Fast Invest will offset the payment, and if the payment is overdue by more than 3 days, the Fast Invest default guarantee will commence. Look for loans with this symbol:
The investor will gain funds from the principal sum and the investment period.
Fast Invest Fees
|Opening an Investment Account||Free|
|Account and Administration Fees||Free|
|Loan Sale via BuyBack||0%|
|Withdrawal to bank account||Free (external bank commissions may apply)|
|Adding a bank account||Free (external bank commissions may apply)|
Fast Invest Auto Invest
Fast Invest provides 3 levels of recommended auto investment portfolios based on beginner, professional and expert level. If you are not comfortable with the choices provided, Fast Invest also offers investors a chance to create their own custom portfolio.
When creating a custom portfolio, investors can select:
- Loan origin/country (Poland, Spain, Denmark, United Kingdom)
- Total amount of investment
- Minimum and maximum per single loan
- Interest rate per year
- Duration (1-12 months)
Refer A Friend (Referral System)
Fast Invest offers investors the chance to earn some extra money for registering friends and new investors.
An investor can earn € 10 for each registered friend who confirms their identity and can earn € 60 when the referred friend invests at least € 200 for 90 days. After the 90 days, the referred friend will also earn € 10.
Use this link here if you are interested in trying out Fast Invest, and are after the € 10 bonus! (it’s free to withdraw and deposit money into the platform).
Fast Invest Review
Fast Invest is a great investment platform in the P2P space. The buyback and the default guarantee put your mind at ease when making investments. The recent update to the website also makes the platform aesthetically pleasing, and easy to navigate.
In the Fast Invest platform, I am only investing in loans that range in returns varying from 13-15% (with the buyback and default guarantee), which makes the platform and investment strategy very similar to Grupeer.
Overall, Fast Invest is a solid investment platform that compares to Mintos and other European P2P Platforms. I recommend that you check it out!
The only drawback, as with Grupeer and Envestio, could potentially be the constant availability of loans.
Fast Invest Blog
Fast Invest has a comprehensive blog which can be found at https://www.fastinvest.com/en/blog. Updates to the blog occur monthly, with topics such as new features and products, cashback opportunities and general financial information.