After recent events with Kuetzal and Envestio going offline and investors potentially losing up to 35 million EUR, some are worried - that there could be more shady platforms that are collecting “donations“ from naive investors.
you are presenting Fast Invest at your site. Currently Fast Invest does not pay their members their money back. We are therefore starting a legal action against Fast Invest.
You should actually give it a NO! Having the company present from years doesn't mean it has a solid history. If they don't provide info about previous years it doesn't matter that they are present from 3 or more years. There should be info about how many customers and loans have been paid, amount of delays and defaults or if they are profitable etc.
Thanks Kristaps! Nice due dilligence. FYI: FastInvest is delaying payouts now. Registered 31st of March, planned 20th of April. At the same time they launched a 18% interest campaign
Hey Kristaps, thank you for this article and this blog very interesting I like it . One remark I saw in the beginning of this one. When Simona was appointed as director she was not even 18 years old. Nomination in January, and 18 birthday in October. Wondering even if this is legal as she still minor.
Yes, you are right - she was only 17 years and 3 months old. I did not notice this before, checked in Google about UK laws - looks like it is legal: The minimum age for a director of a UK Limited Company is 16 years old
Hi,
you are presenting Fast Invest at your site. Currently Fast Invest does not pay their members their money back. We are therefore starting a legal action against Fast Invest.
Would you mind adding a reference to our website http://fi-armada.org ?
This will help current and new investors.
Thank you so much,
Best Regards, Humphrey (admin of http://fi-armada.org)
10. Solid history - at least 3 years in business?
Yes.
You should actually give it a NO! Having the company present from years doesn't mean it has a solid history. If they don't provide info about previous years it doesn't matter that they are present from 3 or more years. There should be info about how many customers and loans have been paid, amount of delays and defaults or if they are profitable etc.
Just follow up for FastInvest - got the money paid out now 2020-05-20. So it took FastInvest ca 45 days to pay out
Thanks Kristaps! Nice due dilligence. FYI: FastInvest is delaying payouts now. Registered 31st of March, planned 20th of April. At the same time they launched a 18% interest campaign
Hey Kristaps, thank you for this article and this blog very interesting I like it . One remark I saw in the beginning of this one. When Simona was appointed as director she was not even 18 years old. Nomination in January, and 18 birthday in October. Wondering even if this is legal as she still minor.
Regards.
Alto
Yes, you are right - she was only 17 years and 3 months old. I did not notice this before, checked in Google about UK laws - looks like it is legal: The minimum age for a director of a UK Limited Company is 16 years old