Company Performance Metrics
- Vytautas Zabulis: Co-Founder
- Edvardas Trusovas: Chief Information Officer
SAVY (https://gosavy.com) is the first peer to peer online lending marketplace in Lithuania focused on unsecured and secured consumer loans. We connect Lithuanian borrowers with European investors.
SAVY enables investors to lend money online and earn higher interest rates. Borrowers can save interest on their loans by borrowing
directly from investors rather using more expensive banks or other credit institutions.
Unlike other peer to peer companies, SAVY operates in a different way: SAVY does not use deposit account to collect money or distribute payments. SAVY connects borrowers and investors directly via their bank accounts. This enables to avoid regulation rules in most of EU countries. Loan agreements are made directly between borrowers and investors.
Loans are structured as annuities, borrowers repay loans back on a monthly basis and returns are transferred to the investors. Loan agreements are made between borrowers and investors, all payments are made automatically.
