Last Update: 14 August 2026
New investors receive 0.5% cashback on their average daily investment balance during the first 90 days after successful registration. I was invested in Viainvest with my own funds from April 2019 to March 2026. Over this period, I achieved a total return (XIRR) of 11,15%. At the moment, I hold no active investment on the platform. The platform is part of the Latvian VIA SMS Group, a holding company that was founded in 2009. The group offers a range of different financial products and services. In addition to Viainvest and the expanding lending operations, this also includes the digital payment platform VIALET. Over the past decade, the Group has managed to build and establish a profitable business model in one of the most strictly regulated loan segments. Since September 2021, the platform is supervised and controlled by the financial authority in Latvia and regulated in accordance with MiFID II. This means that investors’ accounts of up to EUR 20,000 are protected against misappropriation or insolvency of the platform by the investor compensation system. The popularity of the Viainvest platform is regularly reflected within the annual community voting. One reason for this is that Viainvest – despite some inconsistencies in the past – has always made reliable repayments and has not yet incurred any losses for investors. All key facts and figures about Viainvest at a glance. SIA VIAINVEST is a licensed investment brokerage company and not a classic P2P platform in the sense of direct loan origination. The platform therefore operates as an intermediary and is subject to MiFID II requirements. The company is financed exclusively through commission income. In the 2025 financial year, Viainvest generated revenue of EUR 1.54 million, of which EUR 1.48 million came from platform commissions. This means loan originators pay a fee in order to raise funding via the P2P platform. The second meeting took place in June 2024. The main conversation was with Supervisory Board member Tatjana Kulapina. We discussed topics including the IT issues encountered during the licensing phase, the effort involved in producing the regulatory investment prospectuses and the platform’s future strategy. The discussion around transparency standards in the P2P space was notably more contentious, with differing views on both sides. P2P lending is a dynamic asset class where investors should stay continuously informed. You will find the latest news on VIAINVEST on my P2P lending news page, where I cover other P2P platforms as well. Unfortunately, there are no longer any consolidated financial statements available for the VIA SMS Group. Therefore, the focus is now on SIA VIAINVEST, whose reports have been audited by BDO Assurance and prepared in accordance with IFRS standards since 2022. The VIAINVEST platform has remained consistently profitable in recent years. In 2025, a profit of EUR 228,361 was achieved. The decline in profit compared to the previous year, despite stable revenue income, is mainly due to increased investment in platform development and higher employee expenses. The balance sheet was strengthened through retained earnings and a capital increase of EUR 800,000, bringing equity to EUR 2.21 million. All key financial ratios are in a very solid range and are above average for a P2P platform of this size. Alternatively, you can subscribe to my Telegram channel or WhatsApp group (both free of charge) to receive real-time updates as soon as new developments emerge. Who are the main shareholders and management executives behind Viainvest? Let’s have a look! Who owns Viainvest? The platform is operated by the Latvian “SIA Viainvest”, which in turn is owned by the Latvian company AS VIA SMS Group. A look at the Latvian company register reveals that the parent company is currently owned by two shareholders: Georgijs Krasovickis is one of the founding members of the company. At the same time, he is also obtaining one of three board member roles. Behind “SIA Financial Investment” is the 52-year-old Latvian Andris Riekstins. He ownes 20% of the shares in the company since 2012. SIA Viainvest has a slightly different corporate structure to many other P2P platforms. Instead of a traditional CEO, there are three Supervisory Board members. Chairman of the board is Latvian Eduards Lapkovskis. He has been working for the VIA SMS Group since March 2010. Investors can look at the other team members on the website of the Viainvest platform. To invest on Viainvest, investors must meet three requirements: The registration process at Viainvest is fairly simple and intuitive. Currently, legal entities can’t register on Viainvest.
New investors receive 0.5% cashback on their average daily investment balance during the first 90 days after successful registration. A platform overview with all bonus offers and cashback promotions can be found on the bonus page. How does Viainvest work and what should investors know and consider when investing on the plaform? In the following sections of my Viainvest review you will find all the necessary information that you need. On 28 September 2021, Viainvest obtained an IBF licence and became a regulated platform by the Financial and Capital Market Commission (FCMC). As a result, investors no longer invest in loans structured in the form of assignment agreements, but in a regulated financial product, in short: ABS (asset-backed securities). This is a combined bundle of several individual loans. However, the default risk remains unchanged. The ABS on Viainvest are primarily private and unsecured consumer loans. These are pre-funded by individual non-bank lenders affiliated with the VIA SMS Group. The borrower countries are mainly located in Europe. These include Latvia, Sweden, Czech Republic and Romania. The outstanding portfolio on Viainvest is currently distributed as follows: The term of the loans is usually up to 182 days. In some cases, the term can also be up to 365 days. The interest rates on Viainvest can vary depending on the borrower country and market phase. In general, interest rates range between 10% and 13%. This can be considered a competitive interest rate appropriate to the underlying risk. Based on my Viainvest experiences as an active investor, I can confirm the reliable return expectation in the double-digit percentage range. My personal return on Viainvest, after 6+ years with the platform, is at 11.17%. The Viainvest Auto Invest allows the following settings to be configured: There is currently no secondary market at Viainvest. This means that the loans cannot be sold before the end of the term. However, due to the short loan terms, a secondary market is only necessary to a limited extent. Also Viainvest is offering the frequently used buyback guarantee. As soon as a borrower fails to make a payment on time, the lender is obliged to buy back the loan after 60 days of delayed repayments. The buyback guarantee covers both the capital and the accrued interest. To date, Viainvest has always honored this obligation. In principle, interest income generated by loan financing is considered investment income and must be reported as such in the tax declaration. After obtaining the investment brokerage firm license in 2021, Viainvest is now legally required to also withhold taxes on interest income that is collected through regulated financial instruments. The applied tax rate is based on the country of tax residency and the tax information that are submitted. When paying taxes in your country of residence, the withheld taxes can usually be deducted from the overall balance. This means that the effective taxation rate will be the same as it has been before when investing into claim rights. To get access to the relevant data, Viainvest offers to download tax reports and income statements from the platform. Investors should look very carefully at the potential risk factors when evaluating a P2P platform. What is it that investors need to be aware of when it comes to Viainvest? Where are the underlying risks and how can they be assessed? Viainvest, operated by SIA Viainvest, has been active in the P2P market since December 2016 and therefore has a comparatively long track record. In its home market, the platform is supervised and monitored by the Latvian Central Bank (Latvijas Banka). Since September 2021, SIA Viainvest has held an Investment Brokerage Licence issued by the Latvian Central Bank. Through its regulatory status, the platform is subject to the requirements of the Markets in Financial Instruments Directive (MiFID II). As a result, investor accounts are protected by up to EUR 20,000 (90% of net loss) through the Latvian investor compensation scheme, in the event of platform insolvency or misappropriation of investor funds. Potential defaults by loan originators are not covered by this scheme. Through its regulatory status, Viainvest is also required to meet a high standard of compliance and transparency, including the regular publication of audited financial statements. The transition to a regulated entity did, however, reveal several shortcomings, including discrepancies in account balances, retroactive changes to buyback guarantees and unauthorised changes to Auto Invest settings. In October 2022, the Latvian financial supervisory authority consequently imposed a fine of EUR 21,000, along with additional requirements. Under MiFID II regulation, Viainvest is required to keep investor funds separate from the platform’s own assets. In the event of insolvency, these funds are protected from enforcement proceedings and cannot be used to settle claims against third parties. Unlike traditional bank deposits, there is no entitlement to compensation through a deposit guarantee scheme. Investors should therefore be aware that invested capital is subject to a real risk of loss, that returns are not guaranteed and that it may not be possible to recover the full amount invested. In the past, Viainvest had to navigate several crisis situations, including the COVID-19 pandemic and the war in Ukraine. COVID-19 Pandemic: Internally, approximately 10% of staff had to be let go. For investors, there were no negative consequences: The buyback guarantee was maintained and withdrawal requests were processed immediately. Economically, however, the pandemic did leave its mark. After seven consecutive profitable years, 2020 closed with a loss of EUR 280,000. War in Ukraine: The war in Ukraine had no direct impact on the platform. The decision not to operate in CIS markets had been made deliberately, in order to avoid geopolitical risks and currency fluctuations. The financial stability of a P2P platform is a key risk factor. Is Viainvest able to operate profitably? And what conclusions can be drawn from the balance sheet? Annual Report Auditor: BDO Assurance SIA Established and independent audit firm (Top 10 worldwide). Standard: IFRS Internationally recognised standard. Transparent and comparable. The financial statements of SIA VIAINVEST have been reviewed by BDO Assurance since 2022 and audited in accordance with IFRS standards. The results can be downloaded from the legal page. The VIAINVEST platform has remained consistently profitable in recent years. In the 2025 financial year, a profit of EUR 228,361 was generated. The decline in profit compared to the previous year, despite stable revenue income, can mainly be attributed to two factors: First, depreciation expenses increased from EUR 9,130 to EUR 305,594, which was a direct result of investments in platform development. Second, employee expenses also increased by approximately EUR 209,000. The additional expenses were therefore largely investment-related, while revenue remained stable and the operational core of the business appears healthy. Equity increased by EUR 800,000 to EUR 2,213,605 in the 2025 financial year, mainly due to a capital increase by the parent company AS VIA SMS Group as well as retained earnings from the previous year amounting to EUR 724,430. As a result, the equity ratio reached an exceptionally high level of 88.5%. The debt-to-equity ratio is also extremely low at 0.13. In other words, for every EUR 1 of equity, the company has only EUR 0.13 in liabilities. The balance sheet contains no long-term liabilities, only short-term operational obligations. The liquidity ratio is also very comfortable at 3.42. Current assets are therefore able to cover short-term liabilities by more than three times. Overall, VIAINVEST has a conservative and debt-free financing structure combined with stable revenue streams. For a P2P platform of this size, the balance sheet quality is exceptionally strong. Even if the platform operates in a supposedly safe environment, the expected return on Viainvest is largely dependent on the performance of the individual lenders. How should this risk be assessed? First of all, you should know that all lenders on Viainvest belong to its own parent company, the VIA SMS Group. Having no external lenders to deal with means a significantly bigger control that can be exercised with regard to the risk management of the lenders. To date, there have been no problems with lenders where outstanding receivables could not be serviced. As Viainvest operates in the PayDay loan market, which is one of the most restricted and regulated loan segments, this is a positive sign in terms of the platform’s risk management. If a loan by the lender defaults, the buy-back guarantee is then triggered. In this case, the outstanding receivables are reimbursed by the lender, including accrued interest. If the lender has difficulties servicing those receivables, the VIA SMS parent company steps in. Only if repayment problems arise at this stage, potential losses might happen to investors. This is why it is so crucial to take a close look at the financial situation of the guarantee issuer when analysing the risk. In the recent past, P2P platforms have had to overcome several crisis situations. These included the coronavirus pandemic and the war in Ukraine. How did Viainvest deal with these situations? Viainvest reacted very calmly after the outbreak of the pandemic. Internally, only around 10% of employees had to be laid off. Because Viainvest had already pursued a conservative growth strategy for years in the past, there were far fewer adjustments and changes than with other P2P platforms. On a positive note, it should be emphasised that there were no negative effects for investors. The buyback guarantee was honoured at all times, as were the payout requests, which were processed immediately. In addition, no moratoria or changes to the terms of use were introduced that would have had a negative impact on investors’ interests. Compared to other competitors, Viainvest performed as promised in advance. Economically though, the pandemic has left its mark on Viainvest. Although the turnover has slightly increased, expenses have risen at a much faster pace. After seven consecutive years of profitable business results, the company concluded a loss of EUR 280,000 in 2020. At first glance, the war in Ukraine has not had a direct impact on Viainvest, as the platform’s lending markets are located only in Europe. The decision not to be active in the CIS markets was made on purpose in order to avoid geopolitical risks or strong currency fluctuations. But even if the lending markets are not directly affected by the war in Ukraine, the economic consequences of the war may be felt in the Baltic States as well. In this regard, Viainvest is watching the situation in Ukraine very closely. In this section, I have listed the biggest advantages and disadvantages of Viainvest. Viainvest is an established and mature P2P platform from Latvia that has started operations in 2016, while being a regulated entity since 2022. The positive aspects of Viainvest are its long track record, the transparency applied in most areas, its financial stability and reliable repayments, which have enabled investors to achieve double-digit returns every year. In addition, there are rarely any complications or problem cases. Viainvest generally delivers what was promised in advance. Some events during the transition period of becoming a regulated P2P platform have shown that Viainvest can also experience disruptions. The resources required to reorganise the platform’s IT were simply poorly deployed. However, these are only minor glitches in an otherwise very smoothly running engine. For investors who want to invest on regulated P2P platforms, while having the prospect of achieving competitive double-digit returns, Viainvest is a strong and stable alternative worth considering for your P2P portfolio. New investors receive 0.5% cashback on their average daily investment balance during the first 90 days after successful registration. Already invested in Viainvest? Or looking for similar platforms? Here are three Viainvest alternatives from the P2P market. TWINO: A regulated P2P marketplace from Latvia with a long-standing track record and a focus on financing unsecured consumer loans from Poland. Like Viainvest, TWINO is backed by an experienced parent company with an international presence in the lending business. Both platforms share the Latvian home market as a common starting point and have previously shared resources during their expansion into Asia. More information in my TWINO review. Nectaro: A regulated P2P marketplace based in Latvia, operating under MiFID II regulations and backed by an internationally established group. Loans are primarily used to fund the lending operations of the parent company. Affiliated loan originators offer competitive interest rates and a solid track record. More information in my Nectaro review. Afranga: A regulated P2P marketplace based in Bulgaria, holding an ECSP licence. Like Viainvest, Afranga serves primarily as a financing channel for the lending business of its parent company. Stands out through competitive interest rates and a notably clean performance record with no capital losses for investors to date. More information in my Afranga review. You can find other Viainvest alternatives on the P2P Platform Comparison page. Viainvest is a Latvian P2P platform, active since December 2016, where investors can invest in consumer loans. The loans are secured by a buyback guarantee. Interest rates can reach up to 13%. Viainvest has been regulated by the Latvian financial supervisory authority (FCMC) in accordance with MiFID II since September 2021. In the event of insolvency, investor funds are protected up to €20,000. The loan originator risk must be considered separately, as it is not covered by the licensing. The interest rates on the loans can vary depending on the loan originator and market conditions, often ranging between 10% and 13%. My personal overall return after more than six years is 11.2%. No. Loans on Viainvest cannot be sold early. Investors must therefore hold the loans in their portfolio until maturity. The shortest loan term currently is 182 days. Interest income is treated as capital gains and must be declared in your tax return. Viainvest withholds 5% withholding tax for EU/EEA investors, which can generally be offset against taxes owed in your country of residence. I’m Denny Neidhardt, the founder of re:think P2P. On this blog, I help retail investors make smarter, well-informed investment decisions in the world of P2P lending. Since 2019, I’ve been publishing in-depth analyses, platform reviews, and risk assessments to bring more transparency to this investment space. My goal is to challenge marketing claims, question developments, and empower investors with honest, independent insights.
What is Viainvest?
Viainvest is a regulated P2P platform from Latvia where investors can benefit from a variety of international short-term consumer loans, while earning a return of up to 13%.Viainvest at a Glance
Founded / Started:
August 2016 / December 2016
Legal Name:
SIA Viainvest (LINK)
Headquarter:
Riga, Latvia
Regulated:
Yes (Financial and Capital Market Commission)
CEO:
Eduards Lapkovskis (December 2016)
Assets Under Management:
Not Available
Number of Investors:
Not Available
Expected Return:
Up to 13%
Risk Score:
5.4 / 10 (Rank 18 of 29) | View Methodology
Primary Loan Type:
Consumer Loans
Collateral:
Buyback Guarantee
Business Model
Viainvest On-Site Visit
In the past, there have been two in-person meetings with the Viainvest team in Riga. The first took place in March 2019. At the time, I spoke with Platform Lead Simona Lucatniece about the strategic direction of the VIA SMS Group and the development of the individual loan markets. Despite the last-minute cancellation of the originally planned conversation partner, it was an open and productive exchange.VIAINVEST News
Shareholder and Management
Viainvest Shareholder
Viainvest Management
Sign Up and Bonus
Viainvest Bonus
Investing on Viainvest
Asset-Backed Securities
Loan Offering
Costs and Fees
There are no fees or hidden costs for retail investors on Viainvest. Neither for deposits or withdrawals, nor for the functionalities when investing on the platform. Compared to many other P2P lending platforms, this is unfortunately not the standard anymore.Expected Returns
Auto Invest
Investors can invest in ABS either manually or via Auto Invest functionality. Within the auto invest feature, certain investment criteria can be defined in advance and later on the returns are automatically reinvested.
Buyback Guarantee
Viainvest Taxes
Viainvest Risks
Platform Risk
Red Flags -5
Regulation and Licence
Segregation of Funds and Deposit Protection
Viainvest in Crisis Situations
Financial Stability
Profitability
Balance Sheet
Lender Risk
Viainvest in Crisis Situations
Covid-19 Pandemic
War in Ukraine
Advantages and Disadvantages
Summary Viainvest Review
What is the final verdict of my Viainvest review?
Viainvest Alternatives
FAQ Viainvest Review
Hi Denny, im an Irish national and relatively new to P2P investment concept, however I find your videos very informative. I have invested small stakes in both Peerberry and Mintos to start off with but would appreciate your thoughts on the following two questions:
a) Loans available on Peerberry seem to be longer term and I am interested in medium-higher risk 60-240 day offerings. Could you please provide recommendations on these.
b) Geopolitics; in a worst case scenario of worsening geopolitical climate-im thinking specifically Eastern European countries, what effect would that have on Latvian or Lithuanian investments and would it be a safer option to concentrate more on central European offerings?
I apologise for any naivety in the questions but I am still learning the guidelines. Thanks in advance for your time.
Sincerely,
Martin Lyons.