Are my funds safe with SaveLend Plus?

Your invested money in SaveLend Plus is not covered by the state deposit guarantee. However, when you use SaveLend Plus, your invested money is protected in such a way that you have a direct contractual claim against the borrowers. This means that it is the borrowers who are obligated to repay the money to you, and this obligation is not affected if, against all odds, SaveLend were to become insolvent.

In the event of bankruptcy, SaveLend will transfer the continued management of the platform to another party, who will then ensure that borrowers’ payments can continue as usual to you as an investor. If that party is unable to collect the claims, you will ultimately have the right to pursue the claims against the borrowers yourself. If SaveLend decides to wind down its operations, we will continue to manage the borrowers' payments to you as long as you have an outstanding claim.

Why doesn't SaveLend offer a State Deposit Insurance scheme?

Only accounts with credit institutions (i.e. banks and credit market companies) are covered by the State Deposit insurance. As SaveLend is not a bank or a credit market company, it is unfortunately impossible for us to offer this guarantee. However, this does not mean that your capital is unsafe with SaveLend, because of the model of a built-in capital protection.

Your money at SaveLend is protected differently depending on whether the capital is invested or not:

Non-invested capital

As a payment institution, SaveLend is legally required to safeguard investors’ funds by holding them in a separate account, completely segregated from SaveLend’s own assets. We have no right to these funds, even in the event of insolvency.

This applies, for example, if you have deposited money on the platform but have not yet chosen how to invest it, or if your SaveLend Plus investment has not yet been activated.

Invested capital

When you start using SaveLend’s savings platform, your funds are automatically invested on your behalf. This also applies when you invest in SaveLend Plus.

Once invested, your funds are protected in that you (not SaveLend) have a direct claim to your money against the individual or company to whom the funds have been lent, as the loan agreement is entered into between lender and borrower. If SaveLend were to go bankrupt, this right is not affected in any way.

Your capital is never considered an asset of SaveLend and therefore does not form part of the bankruptcy estate in the event of insolvency.

It is also worth noting that SaveLend has been operating for over ten years, and during this time has delivered an average annual return of 7% or more, providing a strong foundation for offering this product.

SaveLend is also supervised by the Financial Supervisory Authority through several permits and is listed on Nasdaq First North. So, our business is under full transparency and control.