Who are the best lenders on Viventor? Our Viventor lender ratings

Latest update: 26 June 2020

Viventor is a multi-lender P2P investment site. Like Mintos, but much smaller

Viventor is a European P2P investment site that has been quietly growing and adding lenders to its platform over the last 12 months. So far investors have purchased €115 million of loans and the platform now offers loans from 16 different lenders. The rates offered by Viventor tend to be high – the average investor returns have been over 13% to date.

Viventor has an interesting selection of lenders, most of which do not appear on any other P2P sites. Several lenders offer secured loans  that are backed by invoices, real estate and cars. There are also several short term unsecured lenders who provide buyback guarantees. Viventor is owned by Finstar Financial Group, which is a $2bn private equity fund that is focused on Fintech investments. 

The quality of information provided about lenders varies a lot

We think it’s important to assess the quality of each lender before purchasing any loans on Viventor. That’s because most lenders provide buyback guarantees, so the investor will be relying on the lender to fulfil this guarantee when loans default. It is also important to get an understanding of how big each lender is, how well capitalised it is, and what’s it track record. 

Some lenders have provided useful corporate presentations and recent financial information while others have not provided anything particularly useful. In those cases we have purchased financial reports from the local government commercial register office to help us assess each company and provide this information to investors here.   

Viventor lenders - key financial information

Viventor Lender Reporting period Loans Equity P&L - latest P&L - prior year Audited
Credissimo Dec 2019 21.5 16.1 2.5 3.2 Yes
Lenno Dec 2018 8.8 2.9 1.0 0.2 Yes
Aforti Finance / Aforti Factor Dec 2018 27.1 1.7 0.1 0.3 No
Sofia Pawn / SofCom Dec 2018 4.3 5.2 0.5 0.5 No
Stik Kredit Dec 2019 4.3 3.1 1.6 0.9 No
Kreditu Centras Jun 2019 1.9 0.6 0.5 0.2 Yes
Ibancar Sep 2019 0.8 0.5 0.4 0 No
Moment Credit Dec 2018 7.7 4.1 0.4 0.2 No
Kviku Dec 2019 16.6 2.5 0.9 0.6 Yes
CBC Sep 2019 7.1 1.7 0.0 0.1 No
Twinero / Presto (suspended) Dec 2018 2.2 -1.5 0.1 0.3 No
KFP 24 Sep 2019 7.1 1.7 0.1 0.1 No
Atlantis Financiers Sep 2019 5.6 0.8 0.2 0.1 No
Forza.ba & Kreddy.ba Dec 2018 0.9 0.6 -0.3 -0.5 Yes
Forza.mk & Kreddy.mk Dec 2018 0.5 -0.9 -0.4 -0.7 Yes
Monify Aug 2019 4.6 1.0 0.2 -0.1 No
Prasiskolinau Sep 2019 0.3 0.2 0.1 0.1 No
Forza.md Sep 2019 2.8 1.6 0.3 0.0 No
Seymoure Sep 2019 2.7 -0.2 -0.1 -0.1 No

Viventor lenders - our rating scores

Several lenders are related to Viventor

Forza, Kreddy and MyCredit are all owned by a mysterious company called ‘Digital Finance International’. According to media reports it is owned by Finstar Financial Group (owner of Viventor until June 2020). However although it operates a slick looking website it provides very little information other than it operates in 14 countries in European and Asia and has assets over €70 million.  However, further research has confirmed it is based in Moscow, Russia. Viventor have recently uploaded financial statements for Kreddy and Forza but has still not provided anything for MyCredit. As a result we would avoid MyCredit until further information becomes available.

In June 2020 Viventor was sold to the owners of one of its loan originators. Viventor was purchased by Lotus 597 BV, which is the holding company that owns the Viventor loan originator Atlantis Financiers of the Netherlands. The new owners have plans to grow Viventor which we view as positive, as it feels like a site that needs extra resources and more volume.

Our thoughts on the loan originators

The quality of lenders on Viventor varies significantly. Many are relatively small and newly established. However our ratings for the loan originators have been increasing over the last 12 months as the lenders improve their results and build longer track records.

The primary market has many loans available from Atlantis, Seymoure & Hines, and Lenno, which are mainly secured loans. Many loans available on Viventor currently have low LTVs (often 35% or so) yet they also come with buyback guarantees from the lenders. This is not common but makes them attractive to investors as it reduces risk of a loss following a default. 

Our highest rated lender, Credissimo, also appears on Mintos, but unfortunately there is no availability on either platform currently. Sofia Pawn offers loans secured on assets with buyback guarantees. These types of loans have had a good track record so far for P2P investors although we have some doubts about the asset valuations provided (the LTVs are likely much higher than the stated 30%). Lenno offers Bulgarian mortgages with low LTVs (20-45%) at 10% interest rates.

Several loan originators have not provided any financial information since December 2018, which we think is unacceptable. Investors are being asked to trust that the loan originators have the financial strength to honour buyback guarantees, but are not receiving the necessary information to be able to honour these pledges. The Viventor loan originators have also provided much less information about the impact of COVID-19 than the loan originators on other platforms.

The latest lender to join is called Prasiskolinau. It is an extremely small Lithuanian lender. Positives are that it has been operating for many years and that it makes consistent but small profits. The main negative is the very small size of the operation. Many P2P investors will have larger P2P portfolios than the entire loan portfolio of Prasiskolinau.

Our least favoured loan originators are Twinero / Presto, Forza and Kreddy.

Latest rating changes and situation updates

Kviku has been downgraded based on its latest financial report, and the deteriorating outlook in Russia. Stik Kredit has been downgraded from 53 to 48, because almost all of its profit after tax is coming from tax credits. We think this also inflates the amount of capital it is currently showing in its balance sheet.

The CEO of Viventor has provided investors an update recently to discuss the impact of COVID on Viventor and its loan originators. The presentation can be found here. A key thing we have been monitoring on all platforms is the level of ‘pending payments’, which is the amount of funds that the platforms are waiting to receive from loan originators. A high pending payment level can indicate financial distress. Viventor refers to these as ‘funds in transit’.

Twinero & Presto, two of our least favoured loan orginators, have now been suspended due to their inability to make the payments they are required to. Other loan originators that have high levels of funds in transit as of June 2020 include Monify, and Forza and Kreddy MK. Both of these loan originators appear to be high risk, and could be suspended in July. We have cut Monify’s rating from 47 to 31 to reflect the current difficult operating environment in Poland, and lack of recent financial disclosures.

Example loans available

Lenno logo

Loan 261218. 10% yield

Bulgarian mortgage. Secured on a 60m2 flat in Sofia. LTV 25%. 52 months remaining. Customer has made 8 months of loan repayments. Buyback guarantee provided by the lender

Loan 230207. 9% yield

Spanish mortgage. Secured on a 100m2 flat in Madrid. LTV 12%. 47 months remaining. Customer has made 13 months of loan repayments

To visit Viventor, and learn more, click here.

50 thoughts on “Who are the best lenders on Viventor? Our Viventor lender ratings

  1. Martin Reply

    Viventor has finally published its Loan Originator Portfolio page, where one can see how much delayed loans and funds in transit each LO has.
    Also, it looks like Atlantis has changed it Buyback from 90 to 60 days.

    • Oscar Harrington Post authorReply

      Hi Joaquin. We had been updating it, but forgot to make a note of it at the top of the page. We’ve made some further updates to the page today, so it now has all the information that is currently available. Thanks for the reminder.

  2. Pietro Maria Cava Reply

    Greetings to Oscar and all users
    I have been withdrawing from both Viventor and Do finance for almost a week, but to date I have not yet received any credit for the amount requested, in particular Do finance assistance no longer responds to e-mails, I wanted to share with you this situation and know if it is happening to others and if something can be done.
    Thanks and good day to all of you
    Pietro Cava

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    • Oscar Harrington Post authorReply

      Thanks for highlighting this Osmium, we’ve updated the page today.

    • Oscar Harrington Post authorReply

      Hi Osmium – complete update for you today! Thanks for the prompt.

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  5. Joaquín Reply

    There are different new originators in Viventor. You don’t seem to update this list very much??

    • Oscar Harrington Post authorReply

      Hi Joaquin. Could you name them – we couldn’t identify them..!? Many thanks.

      • Joaquín Reply

        There are 20 listed when you select Primary Market, but only 14 in the tables you provide 😉

        • Oscar Harrington Post authorReply

          Hi Joaquin. The missing ones are either part of ‘Digital Finance International’ (like Kredyy, Forza, where we are still waiting to get more information about from Viventor) or Aforti, which had defaulted on payments recently and as a result we have removed from the tables.

          • Joaquín

            Oh, thanks for the information. Seems reasonable to not include them in the tables, then. Sorry if I seemed to be an asshole in previous messages, they are more blunt than what they were meant to be.

          • Oscar Harrington Post author

            No problem at all Joaquin – we rely on readers like you to let us know when new information comes in that we may have missed, or let us know when we have got things wrong. It’s valued.

          • Oscar Harrington Post author

            Cheers Igor – we’ve refreshed the page today and included this within it. Good spot!

  6. Sebastian Reply

    Thank you very much for this great work! I still think, that there are some originators missing/gone:

    I can’t find anything about Forza BA (I assume it is the same as Forza MK though) and Monify. Also an update for MyCredit/Forza MK/Kreddy would be great! SMS Credit seems to be gone already?

    Just a thought: If I can’t trust MyCredit and so on belonging to the same company like viventor, why should I trust Viventor itself? Or is it still not proven that they really belong to the same company, then we should ask Viventor support for a confirmation?

  7. Jon Reply

    You don’t update this very often. In fact, you’ve forgotten to warn people about Aforti situation. They also publish loans on this platform!!

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  10. Wes Reply

    Thank you.
    What do you think of Kreddy, that joined Viventor in may?

    • Oscar Harrington Post authorReply

      We are trying to get more data. At the moment there is no info so there is no basis to buy any of their loans. Kreddy is one of 3 lenders on Viventor that are all part of the same group and do not disclose any information.

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  12. George Reply

    this analysis is fantastic.
    Did you publish (I cannot find it) or are you planning to perform a rating of loans originators also for other platforms like Grupeer and Bondster?
    Thank you,

  13. MK-Lender Reply

    Thank you very much – super helpful! I’ve turned off my ad blocker to support you guys.

  14. De Daapse Reply

    It’s difficult to match. The originators mentioned in the Viventor Loan Originator auto invest option are:
    Forza MK
    KFP 24
    Kreditu Centras
    Moment Credit
    Aforti Factor
    Stik Credit
    Aforti Finance
    Atlantis Financiers

    And the list from this site is:
    Sofia Pawn
    Stik Kredit
    Moment Credit
    KFP 24
    Kreditu Centras
    Atlantis Financiers
    Get bucks / My bucks
    Seymoure and Hines
    Twinero / Presto
    SMS Credit

    Sofia Pawn for example, which originator is that from the Viventor list? But there much more I can’t match.

    • Oscar Harrington Post authorReply

      Hi. Most of these names match fairly well but we’ve updated some names in the tables, such as Sofia Pawn, where Viventor is not consistent with the lender names throughout their site.

  15. Boono Reply


    I would very much like to see KFP 24 included.

    They just joined the day after you have finished the review, and they seem rather attractive to me – good track record in the past (presumably), and currently relatively high yield and medium- to long-term loans…



  16. Seppo Reply

    Thanks for this, very nice!!

    One problem is that some loan originator names at Viventor site differ from names here:
    Forza MK?
    KFP 24?
    Aforti Factor?

    Would like to be sure about names.

    • Oscar Harrington Post authorReply

      Hi Seppo. We’ve just updated the post which covers some of your questions. Forza and MyCredit have no info available at all currently. KFP 24 we’ve just added some data we’ve been able to source. Aforti – we’ve provided the financials for the Aforti group holding company which covers Aforti Finance and Aforti Factor. Let us know in the comments if you have any other questions or suggestions. We will be looking to update this regularly, as we do for the Mintos ratings

        • Oscar Harrington Post authorReply

          Hi Charles. We took the figures from this presentation -https://storage.googleapis.com/viventor/public/Prezentacja_GRUPY_AFORTI_marzec_eng-GB.pdf. Note that in this presentation some charts say that they are showing Euro figures but based on the written commentary on these pages and other data sources it is clear that they are actually in PLN. We have converted them to Euros in the tables. The other report that you have linked to shows a profit of around 400k PLN which is approximately the 100k EUR we have used in the table.

          • Charles

            Thanks Oscar. The report I linked shows a profit of 1 635 798,04 PLN for the whole 2018, and 391 375,78 PLN for the 4th quarter of 2018 (page 15). 391 375,78 PLN is approx. 91,01k EUR, which is what the report you have linked states.
            “My” report also shows equity amounting to 6,1M PLN (page 12).

          • Oscar Harrington Post author

            Hi Charles. The difference seems to be between the figures provided by Viventor relating to the subsidiaries that appear on their platform versus the figures for the holding group. There are arguments for either but we may decide to instead use the consolidated holding figures you have referenced, but make it clear these are group figures.

        • Oscar Harrington Post authorReply

          Charles, we’ve decided to update the tables now to include the consolidated results of Aforti Holdings, rather than the various subsidiaries. Thanks for the suggestion.

  17. Dav7 Reply

    One of the not-so-big-problems on my Viventor loans are the delayed time for each to pay. It’s almost “normal” to get my monthly payments delayed and that it’s not a big problem because they always pay late fees.

    I like to get paid on time but I also like to get fees 🙂

  18. Tom Reply

    Why does the GetBucks rating differ so much from your GetBucks rating for Mintos (46 vs 29)?

    • Oscar Harrington Post authorReply

      Hi, thanks for pointing this out. 46 was the old score before we updated it for the latest results. We’ve now processed this update on the Mintos table.

      • Osmium Reply

        Scores for Credissimo and Afort also differ between Viventor and Mintos?

        • Oscar Harrington Post authorReply

          Thanks Osmium. We got new data when doing the Viventor reviews – we’ve updated the Mintos tables for these lenders now so they are consistent.

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