Lonvest was founded by <a href="https://www.linkedin.com/in/roman-katerynchyk-86b40818/" target="_blank" rel="noopener">Roman Katerynchyk</a> &ndash; a fintech entrepreneur with a decade of success in building businesses and innovative products across EU Ukraine, Poland and SEA Vietnam, Sri Lanka, and Philippines with more than 5M users worldwide.
Roman has been involved in the IT industry for 16 years, with a significant portion of that time focused on fintech.
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Who founded Lonvest?

Lonvest does not directly issue loans.&nbsp;
Loans come from partners &mdash; microfinance organizations from all over the world. We check that the companies we partner with have a wealth of lending knowledge, practice expert risk management, and have a solid financial position. Unique investment strategies are developed using the received loan portfolios and are based on distinctive models for reducing investment risks and maximizing investor returns. After investing in a pool (investment strategy), Lonvest algorithms finance loans from microfinance institutions. Investors receive dividend payments as soon as the loans are paid off, and the initial investment is returned following the completion of the acquisition.

How does Lonvest work?

To create an investor account, you need to do the following:
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Click on the "Register" button while on the main page of the site;
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Enter your valid email address and phone number, and create a strong password.
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Click "I have read, understood, and agree to the Terms, Privacy Policy, and AML Policy";
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Check your mailbox and follow the authorization link;
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Log in to the site using your email as a login and the password that you created in step 2;
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Wait for the activation of the account;
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Set up 2FA and verify your KYC;
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Your investor account will then be verified, and you will have access to replenish your balance and make investments.
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How can I create an investor account?

You must complete the following steps to begin transferring money on Lonvest:
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The KYC Verification. To make a deposit or withdrawal, you must be verified.
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The 2FA authentication. The 2FA is an additional layer of security for your Wallet.
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How to make a deposit:
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Register for a Lonvest account if you don't already have one;
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Go to the Dashboard page and select "Deposit";
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Use the payment details indicated on the page;
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We accept SEPA (Single Euro Payment Area) payments in Euro currency only. Swift payments and payments via credit/debit cards are not accepted, as it has to be a wire transfer.
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How do I transfer money to my account?

On the web platform, you may locate the Dashboard page. With only one click, you can make a deposit or a withdrawal here:
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Click the Withdraw option after selecting the required asset from your Account.&nbsp;
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Enter the desired withdrawal amount, then click Continue.
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You've initiated a withdrawal from your Account.
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How can I withdraw my funds?

In 2015, two entrepreneurs, one with a background in technology and online marketing, and the other in finance, merged to form <a href="https://mycredit.ua/ua/" target="_blank" rel="noopener">MyCredit</a>, a successful financial company in Ukraine. In 2019, MyCredit <a href="https://uadn.net/2019/08/02/ukrainian-tas-group-leads-3-million-round-for-local-fintech-startup-mycredit/" target="_blank" rel="noopener">attracted investment from TAS</a>, one of the largest banks in the UA market. Nowadays, MyCredit is the leading online lending company in Ukraine, with the largest loan portfolio in 2022.
In 2019, the partners decided to expand geographically and established lending operations in Vietnam, with a headquarters in Singapore. They further expanded into Sri Lanka (2020) and Poland in 2022. The international expansion was self-financed, relying on the partners' own capital without loans or external investments.
The sustainable business model and profitability led the group to launch the <a href="http://lonvest.com" target="_blank" rel="noopener">Lonvest</a> platform, aiming to provide a secure investment opportunity for investors and facilitate more active expansion in current and new markets.
The Space Crew Finance group currently employs over 500 individuals in 5 countries, encompassing various departments such as IT, risk management, finance, automation, and the call center. The group's operations are strategically organized, with a central headquarters driving core competencies, while field teams handle operational challenges.
This well-defined structure, coupled with the central office, allows for efficient scaling of operations. Each new product or expansion into a new country is initiated and coordinated from the main headquarters, ensuring seamless coordination and efficiency throughout the group's expansion efforts.
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What is the story behind the platform?

Lonvest is a global FinTech company that offers its clients services. However, there are just a few requirements for a person to use our platform to benefit from it due to legal limits.
We are currently unable to serve citizens of the following nations:
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Afghanistan;
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Angola;
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Algeria;
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Bahamas;
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Bangladesh;
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Bolivia;
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Botswana;
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Burma (Myanmar);
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Burundi;
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Cambodia;
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Chad;
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Gvineja;
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C&ocirc;te D&rsquo;ivoire;
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Crimea (Ukraine region);
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Cuba;
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Democratic&nbsp;People&rsquo;s Republic of Korea;
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Egypt;
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Equatorial Guinea;
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Eritrea;
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Ghana;
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Guinea Bissau;
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Guyana;
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Iceland;
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Iran;
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Iraq;
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Haiti;
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Lao PDR;
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Lebanon;
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Libya;
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Mali;
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Mongolia;
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Morocco;
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Myanmar;
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Nepal;
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Nicaragua;
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North Macedonia;
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Pakistan;
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Panama;
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Russia;
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Qatar;
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Saudi Arabia;
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Somalia;
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South Sudan;
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Sudan;
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Syria;
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Trinidad and Tobago;
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Uganda;
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United States;
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Vanuatu;
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Venezuela;
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Yemen;
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Zimbabwe;
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Donetsk People&rsquo;s Republic (DPR)/Luhansk People&rsquo;s Republic (LPR);
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Pridnestrovian Moldavian Republic;
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Nagorno-Karabakh Republic;
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Republic of Abkhazia;
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Republic of Somaliland;
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Republic of South Ossetia;
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Turkish Republic of Northern Cyprus;
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Republic of China (Taiwan);
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Republic of Kosovo;
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Sahrawi Arab Democratic Republic;
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Republic of Artsakh;
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Just a word of warning:
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One account per user is permitted on the platform.
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Requirements for customers Who can sign up on Lonvest?

We understand your concern about the longevity and security of your investments. At Lonvest, we prioritize the protection of our investors' funds, even if our platform encounters challenges. Here's how we ensure the safety of your investments:
1. Proven Expertise: With over 13 years of experience in the fintech industry, our group of companies has a solid track record of success. We have honed our skills in building effective lending businesses, ensuring that your investments are in capable hands.
2. Cutting-edge Technology: Our loan originators use special borrower scoring system that leverages advanced artificial intelligence technologies. This allows to assess risks accurately and make informed decisions on loan issuance. By utilizing innovative technology, we increase the chances of investing in borrowers who will repay their loans, maximizing the returns on your investments.
3. Profitable Loan Originators: We collaborate with loan originator businesses that have a demonstrated history of profitability. This ensures that your investments are directed towards ventures that have a proven track record of generating returns.
4. Easy and Convenient: Our platform is designed to provide a seamless investment experience. With just a click, you can start generating an annual passive income ranging from 12 to 15%. We prioritize simplicity and convenience, allowing you to focus on growing your wealth effortlessly.
5. Buyback Guarantee: We offer a buyback guarantee, providing you with peace of mind and a convenient exit strategy. If you decide to withdraw your investment, we guarantee to repurchase your deposit, safeguarding your capital and providing you with flexibility
While no investment is entirely risk-free, we are dedicated to protecting your investments and minimizing potential risks. Your trust and satisfaction are of utmost importance to us, and we will always prioritize the security and success of your investments with Lonvest.

How is Lonvest different from other platforms? (Why would investors choose Lonvest over other competitors?)

We do not plan to list on the platform of third-party originators. All companies will be part of the SC group and their risk policies will be fully controlled by the group. Each loan originator has its own risk management team that specializes in a particular market with all necessary risk management procedures. For example, we use the Veriff service for KYC in Vietnam and Sri Lanka, and data science and machine learning to build scoring models. Here are more details about data scoring in our group <a href="https://www.spacecrew-finance.com/data-science-lab" target="_blank" rel="noopener">https://www.spacecrew-finance.com/data-science-lab</a>

How does Lonvest assess new borrowers? (step-by-step)

Currently, offers from 3 countries will be available on the platform &ndash; Poland, Vietnam, Sri Lanka. The group's roadmap includes the launch of three new countries in the next 18 months. We are already obtaining a license in the Philippines, as well as in Kazakhstan.
Our strategy assumes that only loans from a group company will be placed on the Lonvest platform.

How does Lonvest attract new borrowers (channels + inbound vs outbound)

We have a team of risk managers who determine the performance metrics for each company.
Depending on the markets, these may be different indicators in terms of growth dynamics, overdue portfolio, collection efficiency and other parameters.
Also, we separately monitor the company's financial statements and plan to publish them on the platform.

How does the company mitigate risks for investors?

Because all loans are covered by company and group guarantees, we predict a minimal or no default rate.
If we talk directly about the originators, then the normal default rate in the short-term business is from 12 to 22%, depending on the market and business strategy. But this should not affect platform investors in any way.

What is the historic default rate of the platform?

Currently, we are operating within the Croatian jurisdiction, which allows platforms like ours to operate without a formal license. Notable platforms such as Peerberry, Robocash, and Esketit also operate with similar legal structure.&nbsp;
By launching in Croatia, we can concentrate on our core business, IT product development, and marketing. Obtaining a license remains a crucial priority for us in the future, as outlined in our roadmap.

FAQs