Iban Wallet: Platform Pros and Cons
Iban Wallet is an online platform providing investment opportunities. It offers a fixed interest rate which comes from investments in loan portfolios given by different loan originators from the entire world. Funded in July 2016 in the UK by Daniel Suero Alonso, Marc-Anthony Hurr, and the Portuguese Pedro Freire, Iban Wallet passed through multiple different ideas and pivots, but the focus on exploring loan investing opportunities seems to be there since the very beginning.
Now the company is registered under the name New Generation Market SIA, a business with company number 40203215233, with its head office at Oberwallstraße 6, 10117 Berlin, Germany by in fact registered in Latvia, under the ownership of Ahmad Maiwand Noorzai, a French individual with a passport from the Islamic State of Afghanistan.
In March 2019, Iban Wallet launched their current investment platform. With offices in Spain and Portugal, Iban Wallet have multiplied by 5 the company structure since 2018. With thousands of clients from more than 35 nationalities from around the world, the company manages a team of over 150 people.
Iban Wallet is not a P2P Platform, it acts as an intermediary in the lending process. And Iban Wallet is not a bank, therefore, funds invested through the platform are not covered by any deposit guarantee scheme.
Iban Wallet offers among the lower interest rates in the business. The highlights of Iban Wallet are the facts that interest payments are paid on a daily basis and that you can deposit or withdraw your funds when needed (without any cost, but depending on the investment plan). A fixed return with immediate liquidity.
Iban Wallet Quick Review
Type of Loans Available
Average Interest Rate
Buyback / Secured Loans
Early Exit / Secondary Market
Auto Invest Feature
Control over Loans Invested
Money Drag
Hidden Fees
Loan Duration
Reporting Tools
User Experience
Iban Wallet: Platform Pros and Cons
What to learn more about Iban Wallet?
Iban Wallet Alternatives and Competitors
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