FinBee is an online p2p lending and investing platform, our main goal is to find solvent borrowers and to provide solid returns to investors.
All financial transactions between investors and borrowers are performed through Clients’ Money Account (CMA) in a one of the biggest banks in the Baltic States – Citadele. FinBee Bank account in Citadele bank is a secure deposit bank account where your deposits up to 100 thousand euros are fully insured by Lithuanian government. (Insurance does not cover risks for investments in loans).
In peer-to-peer (p2p) lending platform investors lend money to other individuals. Through this lending framework, consumer lending becomes innovative, more transparent and more profitable for both parties involved: borrowers and lenders. Lenders mitigate the individual risk by choosing which borrowers to lend to, and total risk is mitigated by diversifying investments among different borrowers.
P2P lending model was developed in the United Kingdom more than 10 years ago and today it is popular all over the world. The largest online platforms are created in the USA and UK. The latter’s government invests through the biggest national P2P lending company.
Growing popularity of p2p lending shows that investors have valued the opportunity to earn more money by taking higher risk but leaving no profit for banks or other financial institutions.