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Fast Invest Review (December 2019 Update)

Fast Invest Review (December 2019 Update)

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 2005 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 (December 2019 Update)

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 (December 2019 Update)

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 (December 2019 Update)

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 (December 2019 Update)

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 (December 2019 Update)

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

Fast Invest Review (December 2019 Update)

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 (December 2019 Update)

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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Kety 24 days ago
Hi Marco! Fast Invest was founded in 2015, not 2005! Thank you for another great review!
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Piotr 2 months ago
Are information here https://www.expatfire.org/fast-invest-review/ not true?
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Aurimas 4 months ago
Hi. I am from Lithuania. I am investing in four Lithuanian and one Estonian P2P platform for three years, and i know how strickly National bank of Lithuania and Estonia regulate them. Maybe it could be the reason why this platform do not do theyr business in baltic states?
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Ghislain Aurimas 4 months ago
Wellcome in 2019 Aurimas; I suppose they navigate between not being regulated by the UK (by not accepting UK investors and the Baltics (where they have their operational base). And they're not alone; RoboCash has the same constellation.
Stephen White 4 months ago
Are fast invest accepting UK residents as investors yet as I applied a few months ago and was refused because I lived in the UK.
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Ghislain 4 months ago
not all that persistingnegative comments have that solid foundations. Take a look at https://beta.companieshouse.gov.uk/company/08338389 There you find the filings of Fastinvest at Companies House. It is a micro company which earns money; the share capital is a bit small.
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Bart Boeykens 9 months ago
I think that an announced 15% return on a loan is netto way less. If I invest 1000€ today’ my investment return during the 1st month is 0. It’s 150/13 x12 so 138€. Also you only get 15% if you reinvest. Each reinvestment takes 1 month with 0 return. My best strategy would be to only invest for max time, What.s your opinion,,?
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Stoycho a year ago
Just want to share my personal experience from investing in Fast Invest for 6 months. It's a very different and honest review of the P2P platform and a fair warning to investors for all the red flags I saw. No hard feelings. Caveat emptor! https://www.vivainvest.eu/fastinvest-review-is-it-a-scam/
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Marco Schwartz Stoycho a year ago

Hi, just read your review and here is what I think. I completely agree on the loan originators, that's something many other financial bloggers are talking about and I am sure we will know more about that soon.

For the rest, sorry but it just doesn't make sense and some of your points are even offensive. So because their founder & CEO is a woman and she is young she can't build a successful business? I don't even know what to say to that.

For the addresses, I myself run my business from a different location of where it's actually registered, and yet doesn't mean I run a scam company. Welcome to 2018.

Finally, they answered all the people's concerns on TrustPilot and also allowed many other bloggers to actually visit their offices. A Ponzi scheme would never do that, they'd just take the money and run.

Stoycho a year ago
Hi Marco, I tried Fast Invest, 4 months ago and they looks really shady to me. Are you not worried at all to recommend them base on your "very good feeling"? There some quite suspicious things here. They don't disclose their loan originators and not use secondary market to sell back investments. I asked them if there is some special fund to provide liquidity, but they respond it's confidential. There originators are confidential also?!? I never see a platform not naming their originators. Combining that with ICO that is not based on some sound business plan, but just some nicely crafted marketing words, they look even more shady to me. I can't really say that this is a Ponzi scheme, but for me there are lots of red flags here. So, I am really surprised you are recommend them without any reservations and mentioning any of the red flags?
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Marco Schwartz Stoycho a year ago

Hi Stoycho, you are raising some good points here, but for sure I don't recommend them based on a 'good feeling' only :) My recommendation is based on my own experience with the platform, especially my early returns, can I easily withdraw money, etc. which are all OK with Fast Invest.

Then, I also take into accout many sources like TrustPilot, as well as the reviews other financial bloggers (often people I know personally and trust). Also, they recently applied to become a licensed bank, and also allows some other bloggers to visit their offices. From my experience, no shady company/ponzi scheme would do that. Which explains my recommendation :)

For the originitors, I would love as well to have more transparency on that side, I actually discussed about this point with them, and they told me they have plans to disclose them in a close future. However as usual - never invest all your money in a given platform, something can always go wrong. But it's still definitely a platform I'd recommend in anyone's portfolio. Hope that helps!

Milen Stoycho a year ago
May be you should read the information in this group https://www.facebook.com/groups/P2PLendingEurope/ They are not applied for a bank license. They just said they plan to. There is quite a difference. The blogger will not visit their offices, but some place in Lithuania. They not mention to have office there - they said they are UK company with (virtual) office in London and another virtual office in Milano.
Ed Stoycho a year ago
Hi, have to agree with Stoycho there. There are some curious facts about them, i.e. they are not accessible in Lithuania, their home market. There are some questions as to the real owners of the Fast Invest Ltd. A good few key people from Fast Invest were heavily involved in now closed Taupkase Credit Union (i.e. shareholders, members of the board etc.). There are some ongoing criminal investigations related to embezzlement and misuse of funds there. There are no listed names of the suspects, just that there are 8 of them. Also Simona is listed as a director of one lending company in Lithuania. With them not disclosing loan originators it's not clear if there's no conflict of interest there. I can elaborate on those points, but all info is in the public domain. It helps to be Lithuanian as some of the articles related to the above is in Lithuanian.
Filip Stoycho a year ago
Hi, I feel the same concerns as Stoycho in this company as well. Besides what Stoycho already wrote, my biggest concerns are two or three: 1) How they make profit when they have Buy Back and Default guarantee and so high returns for investors. I feel information disproportion between marketing materials and auto-invest tool options. If there is a Buy Back/Default guarantee why you need 3 (or any) auto-invest categories? It just makes no sense. 2) Playing with block chain must be highly risky and huge investment burden ... who can invest so big money in this? (Yes of course ... some big players or banks...) But again - where is the profit in this? Especially after "bitcoin bubble" has burst (if coins) and if there is thousand tech companies developing block-chain technology for not-coins applications. 3) I believe that young beautiful CEO is a marketing advantage in this one. Without any doubts! So if there is only smiling face and no transparency ... I don't know ... how long it can stand? For now I can imagine only one profitable exit for company founder - grow high and sell the brand. But it is not this strategy too risky for P2P investors?
Stefan a year ago
Hello. Was your first deposit via a bank transfer or TransferWise. My back charges me 15 euro for a 10 euro transfer so it's not so worthy to send just a test deposit.
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Marco Schwartz Stefan a year ago
I did it via TransferWise, worked like a charm :)
Momchil Stefan 4 months ago
Banks sucks with their unjustified taxes! I also did the mistake of paying 15 euro for small deposit... This is why I use Revolut and have free bank transffers which are made in literally 2 hours! Register from here for 20 BGN (10 euro) reward! http://revolut.com/referral/momchie82l!G10D21?fbclid=IwAR3ef-J70vVomUmkCOpW63UZy3bdlM8LuD-X1GIaTtMNbi8ZpB7--ksmonc