SAVY.lt Overview SAVY is a peer-to-peer lending platform based in Lithuania, operating under the company UAB Bendras finansavimas, which was founded in 2014[1][3]. The platform allows individuals to lend and borrow money directly, bypassing traditional financial intermediaries like banks[2][3]. SAVY uses a technology platform to facilitate these transactions, ensuring risk assessments and underwriting processes are in place to protect both lenders and borrowers[2][3]. ### Key Features - Minimum Investment: The minimum investment amount is 10, making it accessible to retail investors[1][4]. - Regulation: SAVY is regulated by the Bank of Lithuania and complies with consumer credit laws and responsible lending regulations[2][3]. - Payment System: All transactions are conducted through the Paysera electronic payment system, which is licensed by the Bank of Lithuania[2][3]. - Investment Options: Investors can choose between consumer loans and crowdfunding (business) loans, with detailed information provided about each loan to help with risk assessment[4]. ### Security and Guarantees SAVY implements safeguards based on Bank of Lithuania regulations to ensure consumer confidence. Borrowers are thoroughly vetted, and lenders can view detailed borrower information to make informed decisions[3][4]. Additionally, SAVY offers an Investors Fund to mitigate potential losses for investors in consumer loans[4]. ### Management and Supervision The platform is managed by UAB Bendras finansavimas, and its activities are supervised by the Bank of Lithuania[3]. SAVY is included in the public list of consumer credit providers and peer-to-peer lending platform operators[3]. There is also a separate entity, SAVY Finance, UAB, which was established in 2023 and operates in the finance services sector[5]. However, it appears to be a distinct entity from the SAVY peer-to-peer lending platform.