Iban Wallet: Platform Pros and Cons

S4F ReviewsAnalysis Iban Wallet @ Savings4Freedom
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
iban Wallet: A Warning Message
Risk Management

iban Wallet: A Warning Message

By November 4, 2020 0
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
1 2 3 5

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.

iban how it works @ Savings4Freedom
How Iban Wallet works

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 Platform Pros & Cons

Iban Wallet Pros

Immediate Liquidity

You can withdraw your funds at any moment (depending on plan)

Daily Interest Payments

You see your account grow on a daily basis

Excellent User Experience

Both the online platform and the mobile App are extremely easy to use

No Fees

All activities done are free of charge

Customer Support

Iban Wallet provides among the best customer support within the industry, even bad reviews have a reply from the team with a justification

Iban Wallet Cons

Low Interest Rates

Between 2.5 and 6%

Unsecured Deposits

Non-invested funds are stored with an electronic money institution, instead of a traditional bank with proper insurance schemes

Lack of Transparency

No information available on Loan Originators, financial data on the loan portfolio or about the company

Company Structure

Iban Wallet was initially registered in the UK, but now 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.

You should consider very well all the above pros & cons before investing on Iban Wallet.

iban Wallet: A Warning Message
Risk Management

iban Wallet: A Warning Message

By November 4, 2020 0
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
1 2 3 5

What to learn more about Iban Wallet?

iban Wallet @ Savings4Freedom
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