Published on 30/11/2020 / Total invested: 1,113 euros
On October 7, they added on their blog that they continue to make arrangements to recover their operations and bank account, while Recollecta is responsible for collection management.
In August, Grupeerhired the services of Recollecta, a professional legal and financial firm that collects unpaid amounts. Management costs to all originators will be borne by Grupeer, except Finsputnik and Primoinvest, with a fee of 5% on the amounts recovered.
On the other hand, the Armada group has been created to take legal action against Grupeer, of which you can get more information here.
Following an internal audit, they have realized that the staffing levels need to be adjusted and they have no control over the originators or their projects, so they have created an action plan, which they seem to have abandoned, or at least have not informed us of their progress by the end of August.
The juicy thing is that they are going to start legal proceedingsagainst several originators through Recollecta: Primo Invest, Finsputnik, Lime and Right Choice Finance, among others. On the other hand, they will make the debt collection/enforcement processes independentfrom other Grupeer activities and are in the process of obtaining a license from an independent regulator to ensure the transparency of the company. I no longer believe anything about them.
The project in which I have invested 1113 euros has ended in the middle of May, but the originator is one of those who intend to denounce, so I doubt if I will get any encouraging news from him until the end of the year at the earliest. We’ll see if they’ve disappeared by then…
On 27 November 2019 I completed my first project at Grupeer, in which I invested 1,130 euros at 14%. This is the project I invested in thanks to the recommendation of my friend Eugeni. It ended on 18 May, but they have not paid on time (if at all), should they come out of this complex situation. The fact is that the complex is almost finished, according to the words of my friend:
And this is the screenshot of my position on this platform:
Grupeer is a platform of Latvian origin (in September 2019 its fiscal management was transferred to Ireland) that started to publish its projects in 2017 but was consolidated a year later, with returns from 9% to 13%, with a policy of full return on investment, although it may take up to 60 days. WE ALREADY KNOW THAT THIS NEVER APPLIES IN TIMES OF CRISIS. LET’S TAKE GOOD NOTE…
It is a platform with adjusted profitability with the following features:
- Always business projects, in the form of mortgage, commercial or development loans.
- Generate monthly interest.
- Periods between 5 months and several years.
- They describe the details of the borrowers in each project, the amounts invested by each investor and the payment plan.
- Even if they announce it, they do not have a secondary market.
- They launch a multitude of projects, in which you can invest from 10 euros.
- You cannot withdraw the project amount until it is complete.
- They have an auto-invest that works well. At the beginning, it is recommended to set a period of no more than 6 months.
- They offer a plus of interest in certain projects.
- They have financed more than 54 million euros.