Monefit: ‘SmartSaver created value of 900.000 euros in a year’

A year ago, international peer-to-peer lending platform Monefit launched its automated investment solution called SmartSaver. The solution has helped the platform create a value of 900 thousand euros within a year. “We are really happy to see that thousands of people all around the world are using Monefit SmartSaver to meet their money goals”, says Monika Niebelska, VP of Product.

Monefit is an international peer-to-peer lending platform. It is a subsidiary of the Creditstar Group, an organization with over 100 employees in eight European countries. With SmartSaver, user investments are spread across p2p loans. Since the launch, the platform has reached 4.200 investors from 40 countries.

Series of enhancements

The value created on the platform rose to 900 thousand euros during the last twelve months. “This was the result of a series of thoughtful enhancements and new offerings we introduced, all with the goal of providing more value in these challenging economic times”, said Niebelska in a blog post.

The platform has already paid out 83 million euros in interest.

According to the p2p-platform, it has already paid out 83 million euros in interest to investors. At launch, the interest rate was 7 percent, but the platform boosted it to 8.33 percent in the past months. Another change was an increase of the deposit limit from 50,000 to 250,000 euros.

Additionally, Monefit is now paying interest daily instead of monthly, which helps investors’ earnings to grow steadily every day. Customers can now invest on the platform with instant card deposits, which speeds up the investing process. The platform also updated its dashboard and expanded its customer service.

‘Our community is getting bigger every day’

“Today, we are really happy to see that thousands of people all around the world are using Monefit SmartSaver to meet their money goals. Investors who have been investing for a while, as well as those who are just starting to save and grow their money, trust SmartSaver. More and more people are telling their friends and family about us, which means our community of investors is getting bigger every day.”