Activity of NEO Finance is supervised by the Bank of Lithuania. In January 2017, the company has replaced its limited electronic money institution licence with the unlimited electronic money institution licence allowing operations in entire European Union. NEO Finance is the only P2P lending platform in Lithuania that holds the licence for unlimited activity, and also is included in three public lists of the Bank of Lithuania: List of Peer-to-Peer Lending Platform Operators, List of Consumer Credit Lenders, and List of Currency Exchange Operators.
When agreements with borrowers are terminated, investors can sell their investments for 50-80% of their face value to NEO Finance. Also, a unique service of Provision Fund allows investors to reduce their investment risk: if a loan defaults, NEO Finance guarantees to repay investors with all the company assets as collateral.
Please note All purchases must be completed wholly online after clicking on the link above.