In the fast-paced world with numerous publicities, influencing opinions and options available, finding a reliable platform to invest your money could be complicated. Before choosing any, you should be aware of the facts proving the company's safety and transparency. Hence, let's objectively review the main indisputable facts about hive5.
Business Model and Regulation
Hive5 offers a unique investment opportunity by allowing users to invest in already-issued personal loans and business loans to promote business development. We list only reliable loans from our group of companies so we can provide more guarantees for the repayments.
While initially launched as an unregulated platform in Croatia, our team has taken all necessary steps to protect investors' money. The team has consulted with the Croatian regulator HANFA and follows a business model that doesn't require a license. Eventually, plans are to obtain a license as the platform expands into crowdfunding activities. However, at the moment, there are no positive signs in the real estate markets to start project financing activities. Despite that, our team is working with lawyers to prepare a large package of KYC/AML procedures so we can apply for and quickly obtain a license whenever necessary.
Reputation and Experience of Company Owners
Transparency is critical to building trust with investors. From the beginning, we openly share information about the co-owners, Ričardas Vandzinskas and Andrius Rupšys. Both are well-known entrepreneurs and technology and finance professionals in Lithuania with impressive track records of success in their respective fields.
Co-founder and CEO Ričardas Vandzinskas has over 16 years of progressive experience in multinational finance and investments management, corporate governance, M&A transactions and Big 4 public accounting. Significant career achievements prove his strong knowledge of business finance and leadership. Accordingly, he has significantly impacted companies to reach profitable results. Ričardas' extensive background includes organisational roles such as the Supervisory Board Member and an Independent Audit Committee Member. Moreover, since 2017, he has volunteered as the Students' career mentor at the "Kaunas University of Technology" to encourage the next generation in leadership, personal development and self-motivation.
Co-founder Andrius Rupšys, the father of a large family, created one of Lithuania's most modern and well-known IT businesses, "Ruptela". The company has grown from a single idea in Andrius' head to a profitable company with over 250 employees. The company provides solutions for fleet management and GPS tracking. Within 16 years of managing "Ruptela", the company has achieved awards such as "The Most Attractive Employer in Lithuania" (2017). Also won the "I love my company" contest in the medium-sized companies category and was announced as a winner of the "Employees – key to Success" awards (2016). Additionally, Andrius Rupšys was personally awarded the "CEO of the Year" in Lithuania (2015).
Protection of Your Money and Data
Hive5 prioritises the safety of investors' funds by offering a Two-layered buyback guarantee in case of payment delays exceeding 60 days. It ensures that both the Loan Originator and Hive Finance are obligated to redeem the investment, reducing the risk for investors. Moreover, uninvested funds are securely held in a separate bank account, providing liquidity for unexpected events.
Data protection is another priority at hive5. The platform fully complies with the General Data Protection Regulation (GDPR), ensuring users' data is treated with the utmost care and respect. Additionally, hive5 holds ISO 27001 and ISO 9001 certifications, emphasising our dedication to internet security, quality management, and exceptional service.
Statistics and Financial Statements
Hive5 has a remarkable track record, successfully operating for over a year and consistently meeting all payment obligations. Currently, not a single loan on the platform is overdue, showcasing the reliability of the loan performance. We regularly publish audited financial reports, reinforcing our commitment to transparency and accountability. Investors can analyse the latest financial statements here. Moreover, the upcoming release of audited Financial Statements for the Q3 of 2023 is being prepared and will be published this month.
Return on Investment
We are comfortable offering investors slightly higher returns. Eventhough, one of the most popular theories in finance is that higher risk leads to higher returns. We assure you that our platform gives you the same risk level as other trustworthy P2P platforms in Europe. We decided to reduce the marketing budget specifically because we want our primary marketing channel to be word of mouth. A comparatively young platform's strategic approach and reduced marketing budget contribute to lower costs, allowing for higher returns. Investors should use this higher return advantage as it may change in the coming years.
In Conclusion
With a solid business model, experienced leadership, and a track record of reliable performance, hive5 stands out from many other young P2P platforms. It is important to note that we always encourage you to prioritise research and due diligence to make informed decisions about your finances.
If you have any questions or concerns, the hive5 team is always available at support@hive5.co
