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Fast Invest Review 2020: My Results after 21 Months

Fast Invest Review 2020: My Results after 21 Months

Last Update: / by Marco Schwartz

One of my favorite asset type is Peer-to-Peer lending, which consists of lending money to individuals via online platforms, in exchange for payment of interests over time. Peer-to-Peer lending has a high-yield, can be completely automated, and also has a low level of risk if you do it right.

In order to diversify my portfolio and reduce the level of risks of my investments, I am always looking to invest in new Peer-to-Peer lending platforms. In this article, I will review Fast Invest, a Peer-to-Peer lending platform based in Lithuania. As for many platforms I invest in, this one was also recommended to me by many friends so I really wanted to try it out by myself.

Fast Invest
My Overall Rating
My Average Yield
13.18%
Investment Protection
What I Liked
Great returns
Buyback guarantee on every loan
Easy to use auto-invest function
Great user interface
What I Didn't Like
No secondary market so far

After more than a year of investing on the platform, I can now state that Fast Invest delivered exactly what was promised, with great interest rates, an auto-invest function that does its job perfectly, and no losses thanks to the buyback guarantee on every loan. Therefore, I really recommend to add Fast Invest in any investment portfolio - especially combined with other Peer-to-Peer lending platforms, to add diversification to your portfolio. I will of course update this article as I have more results coming from my investment on Fast Invest, but so far I had a great experience and I will definitely be adding more money on the platform.

What is Fast Invest?

Fast Invest is a Peer-to-Peer Lending platform that launched in 2015 and has its main office in Lithuania, along with a branch in the UK. At the time this review was written, they offer investors to invest in consumer loans in four countries: the UK, Spain, Poland, and Denmark. They currently have over 30.000 investors from 55 different countries, and they funded over 13 million worth of loans since they opened the platform. They have some ambitious goals to expand internationally, opening offices in several Europeans countries, and also more recently in Hong Kong and Singapore.

They were also recognized several times by the media, for example by being nominated for Finance Awards 2019 by Business Tabloid, for being the fastest-growing investment platform in the UK market. They were also included in The Silicon Review 50 fastest-growing companies of the year 2019. Fast Invest also has over 300 reviews on Trustpilot, with 4 stars out of 5, meaning people really appreciate the platform in general and have great and consistent results with it. 

What Returns Can I Expect From Fast Invest?

Fast Invest mainly offers consumer loans, with interest rates ranging from 9% to 16%. In reality, I found that most of the loans are in the 9% to 13% range, which is still great for a Peer-to-Peer lending platform. They don't advertise the average return that people make on the platform, but on their home page, they use a 14% annual return yield for their calculator.

My own personal annual yield on Fast Invest is currently at 12.86%, which is not too far from what they advertise in their calculator. The returns have also been stable since I started to invest on the platform back in August 2019. As for all my reviews, you can see more details about my own returns on the platform at the end of this article.

Is it Safe to Invest on Fast Invest?

The really nice thing about Fast Invest is that they offer a buyback guarantee on all loans, meaning that even if a loan is not paid back by a borrower, the platform will give you back the money that you invested in this loan. On Fast Invest, the period for the buyback guarantee is just three days, meaning that if a borrower is just 3 days late on their repayment Fast Invest will compensate the principal of your investment, meaning you won't lose any money.

They also have another cool feature called moneyback guarantee, which means that you can stop investing in a given loan and you will get your principal back in just a day. This is great for people that want to invest in Peer-to-Peer lending but also want to have a way to cash out the money quickly if needed.

Finally, you can also invest in loans from just 1 Euro, meaning it's even easier to diversify a lot of loans on Fast Invest, which reduces the risk even more.

Creating an Account & Depositing Money

The first step, as for all Peer-to-Peer lending platforms, is to open an account (which is completely free) and to deposit some money on it. 

Creating an account on Fast Invest is really easy: you just need to go to their main page, enter some information, and your account will be immediately created.

Then, depositing funds is also very simple: you simply need to go to the Add Funds page on the side menu, and then follow the instructions to deposit money via a bank transfer:

Fast Invest Review 2020: My Results after 21 Months

I transferred money via TransferWise (which is also great to use especially if your currency is not listed on Fast Invest), and it actually appears on my Fast Invest account in a matter of hours! Once that's done, you can actually start investing in loans on the platform. 

As for all the platforms I add to my portfolio & review on this site, I also tried to withdraw money from Fast Invest. As I used TransferWise, the team at Fast Invest asked me to actually send them a proof of ownership of my TransferWise account, but that was easily done and my account was verified in one day. I could then successfully withdraw money back to my TransferWise account. However, in case you use a traditional bank account to deposit money, you won't have to do this extra step.

Investing in Loans

We are going to dive into Fast Invest's auto-invest function in a moment, but as for all platforms, I think it's a good idea to first explore manually the loans available. On Fast Invest, it's quite easy to navigate through the available loans:

Fast Invest Review 2020: My Results after 21 Months

What you can immediately see here is as I mentioned before, most of the loans have high-interest rates, and they all come with a buyback guarantee & the moneyback guarantee. Most of them are also short-term, which is great for as an investor because it means you'll get your money back quicker, and it also indicates better loans in general.

It's also very easy to see details for each loan, for example, this one in Denmark:

Fast Invest Review 2020: My Results after 21 Months

As for many loans on the platform, this one is a consumer loan, with a solid interest rate (13.50%), and also a good borrower as this person liabilities are much lower than his monthly income.

Once you invest in some loans, they will immediately be visible from the page that summarises your investments, which is also quite well done on Fast Invest:

Fast Invest Review 2020: My Results after 21 Months

Activating the Auto-Invest Function

Let's now dive into the auto-invest feature of Fast Invest, that will allow you to completely automate your investments on the platform, and just let your money work hard for you. This is really easy to do inside Fast Invest: you have a very clear interface that you can use to create an auto-invest portfolio:

Fast Invest Review 2020: My Results after 21 Months

Here is a screenshot of the settings that I used for my own auto-invest portfolio on the platform:

Fast Invest Review 2020: My Results after 21 Months

It's basically what I always recommend for Peer-to-Peer lending platforms: at least 12% interest rate, short-term loans (less than a year), and the minimum amount per single loan (here 10 Euros). With this, you are sure to have a solid portfolio, especially with the buyback guarantee that is active on all loans on Fast Invest.

My Results So Far With Fast Invest

As I mentioned earlier, I started invested on the platform back in August 2018, and I could immediately see returns coming from the loans I was investing in. To track my actual returns on the platform, I used TrackInvest to calculate the actual yield that I get from Fast Invest using the XIRR formula, and I get an actual return of 13.18%, which is not too far from the number given on Fast Invest. Here is also the history of income that I generated on Fast Invest since I started investing:

Fast Invest Review 2020: My Results after 21 Months


As you can see on the graph, the returns have been very consistent, growing every month as I reinvested everything back on the platform. So at this point, I am still very satisfied with Fast Invest and I will keep on investing on the platform in the future. I'll of course update this article regularly to show you the progress of my portfolio.

Should You Invest in Fast Invest?

I have a very good feeling about the platform - it has a great interface, high-yielding loans, and also a buyback guarantee on all loans to protect your funds. Plus, the auto-invest function is really easy to use and allows you to completely automate your investments on the platform.

After more than a year of investing on the platform, I can now state that it delivered exactly what was promised, with great interest rates, an auto-invest function that does its job perfectly, and no losses thanks to the buyback guarantee on every loan.

Therefore, I really recommend to add Fast Invest in any investment portfolio - especially combined with other Peer-to-Peer lending platforms, to add diversification to your portfolio. I will of course update this article as I have more results coming from my investment on Fast Invest, but so far I had a great experience and I will definitely be adding more money on the platform.

Of course, if you have any questions about the platform & my experience with Fast Invest don't hesitate to share them below!

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ALEXANDRA BROOKLYN 4 days ago
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Julian 15 days ago
I would like to join the discussion and say that I am disappointed with the service and recommend people to stay away from "investing" on Fastinvest, let me explain why. I started to add funds more than a year ago until the covid thing started. After that the payments have been delayed and my funds are blocked. From all the 50+ investments I have, all the payments have been postponed month by month (according to the terms this shift in the payment can be done up to six months), because of this my funds are blocked and it seems that the only option to access my money is to wait six months or more. It seems very strange that all the payments are postponed, I would understand if only some of them are. On top of that, some of my investments have the option of getting the money back withing one day, meaning that I can sell the investment to Fastinvest and they should put the money in my Fastinvest account the next (working) day. It turns out that I wanted to do this option but the only selling option on the platform is the secondary market, which is not the option I want. I emailed Fastinvest one week ago telling them that I want to use this option of money back within one day for some of my loans and they have not replied yet. They usually reply in less that a week (from my experience they reply in about two days) but this time they haven't replied to my email that I want my money back within one day which is an option I have the right and it is stated in the terms. Even if they put the money back withing one day into my Fastinvest account, I still have to move that money to my bank account, which according to the reviews I have read, it can take up to four months. So there is no such a thing of "money back within one day". In my case, all I want to do is to get all my funds from Fastinvest because of the bad experience I am having with them.
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Amanda a month ago
Fast Invest are a SCAM - they keep moving the payout date (withdrawal date) every few days and when I called them they said they were still processing withdrawals from April. They are moving the dates of the payments every month, with the excuse that the loan providers are using their right to waive payments for up to 6x. Basically, I am expecting the company to file for bankruptcy soon and all money to be lost to investors. I made a huge mistake investing - do not invest with fast invest unless you want to lose everything.
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Julian a month ago
Are you kidding us, Marco? How much did Fastinvest paid you to write such a plethora of bullshit? They are SCAMMERS, for god sake! Period. How long would nonsense bloggers like you continue with this fake recommendations, just to get commissions and earn money from naif internet users? Please, stop being that ridiculous.
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Anders a month ago
Since April it has not been possible to withdraw money from Fast invest! Please do NOT invest here you a financing a scam
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Oscar Martin a month ago
Well, if you want to lose money, I too recommend to invest in FastInvest. Since April it is not possible to withdraw the money from the FastInvest account, and since July most of the loans do not bear interest. So yeah, a fabulous option
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Michael Collins 4 months ago
I decided to supplement my income by trading on the stock market in Binary options. I signed up to lodge $500.00 with Bloombex Options. I then got a call from Tomas Damon promising me 85% profit and bonuses etc if I increased the amount to $15,000, I agreed to this and set about transferring the money. Tomas Damon was then phoning me and trying to get me to increase the amount of money in my account with them to $150,000.00 and making ridiculous promises of profits. It was then I decided to pull out of the whole thing. Part of the $15,000, had been transferred by this time but as I have restrictions on my bank account I could not transfer all of the money at once. Because the money did not go to Bloombex immediately I was getting phone calls from them saying "do this, do that, tell your bank to do this or tell your bank to do something else" which annoyed me so I decided to see how hard it was to get money from this company so I told them I did not wish to continue with them and wanted my money returned. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for funds recovery, then I came across a comment on the broker reviews website, that talks about a recovery expert, Mr Marcus Taylor, he was to guide me the process to get my funds from the scam investment broker Bloombex option trade. Him and his team worked relentlessly to get my refund. Feel free to reach out to him , if you had same experience via his email address: [email protected] and he will guide you on steps to take and get your invested capital including your bonus back.
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Paulo 5 months ago
I have made a request to withdraw 1000 EUR from FAST INVEST on 20 April. Up to now they have my money blocked. I start to believe it is a scam! Anyone with similar problem?
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B Paulo 4 months ago
Same here, try to withdraw money 21-04-20 until now Nothing. Have mail their support but keep getting every time the same answer. I have never experience that a withdraw take weeks or longer. maybe they have money problems.
JR Paulo 4 months ago
The same problem for me. I did a request at 20-04-20. Still nothing received
Julien Paulo 4 months ago
Yes same problem it look like kuetzal. Scam
jose luis Paulo 3 months ago
i have been asking for withdrawals successfully up till 2 months ago. From 20th april i haven´t been abled to withdraw anything , and i have 3 withdraws waiting since then.
Tero 5 months ago
Hi. Been waiting to get any money out after making a withdrawal request on 16.4. Was contacted by someone calling himself "Alex" just before this. Said he was contacting bigger investors to offer great returns available right now. Decided to get my money out after not getting any out from Grupeer - and after noticing that some people don't trust Fast Invest neither too much.
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Bruno 5 months ago
Sorry Marco, i wrote wrong Jean
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Bruno 5 months ago
Hi Jean very good study, I am currently having a big problem withdrawing my money invested in Fast Invest. I live in Ireland, would you know to inform me what would be the first step to take after attempts to receive from Fast Invest failed, would it be a lawyer, some specific website I really appreciate it if I can help Congratulations for the work Bruno
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