I am using it for three years. Everything work perfectly.
Review by Catyi3 months ago
I didnt even get further than the registration. They sent me the initial password in PLAIN TEXT in an email.... This is so insecure I would never trust them with my money
Review by Zedonetrickmain6 months ago
I wasted a ton of time on this p2p lending company. Big problems:
1) Setup of the account is overcomplicated especially considering how long it takes to setup a Paysera account (you have to book a time on Skype which I stopped using years ago, be available in the time slot), I asked to be called in English and seeing my IDs the guys tried to be smart and the guy that called me was speaking in the language of my country of origin to test if the documents I sent were ok and I could speak the language of my country of origin (of course I could, you dumb...). Well F.U. Paysera, I do not need a Police nationality test to open an account with a dodgy electronic money agent who has tons of sactions from the Central Bank of Latvia. The problem with Gosavy is that they require you to pass an advanced money laundering KYC process without regard about the amount of money you are actually investing, so they set me up for 50k EUR Paysera deposits KYC process when I would never in my willdest dreams deposit such an amount of money in an electronic money company with no central bank deposit insurance!!! I only deposited a bit more than 10eur and the EU legislation is quite clear that up to 1k EUR there is no need to go through the heavvy KYC they made me go through and irritated me BIG TIME!
2) Finally after all the wasted time with Paysera I try to invest 10 eur with GoSavy (the money was clearly available to invest in the online account), the "Invest Now" button was greyed out. So I try to call their UK phone number and a lady answers that cannot speak a word of English and closes the call in my face. Then given the fact that the online chat seemed to be always not available, I send them an email to their support (in English) and through the message tool: no answer for days (still no answer after two weeks!). Finally after several tries I finally find the chat open and a guy who can write in English and he tell me that I needed to provide an alternative contact name and number in order for them to enable the investing (I had already wasted hours and waited for 5 days), in the account setup this was not a compulsory field (why is it not a compulsory feed?)
3) Finally (and this is the worst) the liquidity on the platform is practically non existant. The few good loans in the primary market run out in a few minutes and they appear once or twice a week, the secondary market is a big rip-off (people trying to mark-up big time the sale price) and credit risk for the vast majority of the type of loans the offer to investors (30-72 months, very little or no collateral) is SKY HIGH.
4) The platform is supported by a company that is really tiny (I counted 7 people in total) and with little skills in supporting it. The actual owner of the platform has got his hands on too many businesses to take care of this little side business for him. The actual setup idea (years ago) was good, but you can see it has been developed neither technically nor financially and nowadays there are much better and more liquid P2P platforms for investors.
So after all the work (I am counting tens of hours wasted) to open the account, I decided that it is not even worth to test the investment of 10 eur (i shall spend it on sweets and chocolate to give me more pleasure!)
My suggestion is to avoid GoSavy like the plague.
Review by Clydestale7 months ago
this platform withholds taxes on your revenue but nowhere is explained at what rate. Computation by yourself is impossible because nowhere on the site you can find the payment schedule of your loans and payments on Paysera do not show what part is principal and what part is interest.
Loans on primary market are all funded already all the time so you have to buy on secondary market at a surcharge + 1% platform fee.
Beware this is not Mintos where you can buy a loan for the amount you wish , here if the loan part offered is 500 EUR you get to buy it all , and you discover it after your purchase (I expected after pressing buy to be sent to a window to input amount and instead I was given all 500 EUR.)
I tried to set up autoinvest but it never invested. Contacted support to ask if I had set it wrong and they answered sending me a bunch of useless documents in Lithuanian language.
Tried to sign up on platform forum and each time I set English language I got kicked back to forum rules acceptance page again and again , so I could not finish registration.
Stay away from this junk.
Review by Shio3 years ago
SAVY is doing great. High ROI, liquid secondary market, simple to invest and diversify risks. Good job guys!
Review by Mayurpankhi3 years ago
Great platform to invest in. The returns in the Baltic market are very pleasantly surprising and they boast a great customer support too.
Review by Kalal3 years ago
I highly recommend SAVY for other investors. SAVY provides me really high returns. Moreover I like that SAVY does not collect investors money in their own bank account. It creates a transparency feelings of the platform. And of course I like other SAVY features like an autoinvestment and secondary market.
Review by Diahana Mediratta4 years ago
Good service providing exposure to Lithuanian consumer credit market.
SAVY is rated 3.0 based on
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