Betterinvest Review | Betterinvest Club (Overview, Review, Founder, Pros & Cons, Securities, Customer Care, and more).
Do you want to earn up to 16% returns on your investment? if yes, then Betterinvest Club can be the best platform for you.
In this post, I will review Betterinvest Club so you can decide whether to invest through this platform or avoid it. Betterinvest invests investors’ money in funding the OTT and music label companies.
The investment time ranges from 3 months to 18 months which can deliver up to 18% returns per annum, which sounds good. So if you want to invest through Betterinvest, this post can be a gem. I will do a detailed Betterinvest Review in this post, so let’s get started.
Betterinvest Overview
Betterinvest is an investment platform that gives up to 18% returns on your investment, as mentioned on its website. The company manages a total investment value of more than 250 Crore, and its platform’s total number of active investors is approximately 5 lakhs.
This platform is considered the best platform for investing money in invoice discounting. The platform is trusted and lakhs of users use it. The fund size of the company is also good enough, adding one more trust layer to your investment.
Betterinvest Founder
The company Betterinvest is founded by Pradeep Somu. He is a passionate fintech startup founder who successfully ran startups. Pradeep Somu is the founder and CEO of the company Betterinvest.
Pradeep Somu is from Chennai, Tamil Nadu, India. Previously he founded Herotalkies, a Tamil OTT platform for the global audience. Currently, he is building FABO Share, an Alternate Investment Platform where customers can invest in fractional ownership of assets with above-market returns.
Business Model of Betterinvest
The business model of Betterinvest is the same as the Invoice Discounting system. Invoice Discounting is a financial service in which an investor lends cash to a company that needs the money up to the value of its unpaid invoices. But the only thing about this is there is a mediator which is Betterinvest.
Pros of Betterinvest
Some of the pros of Betterinvest are as follows –
- Betterinvest provides an excellent percentage of returns to investors.
- The date of starting receiving returns is low.
- Lots of data is available on its website to make better investment decisions.
Cons of Betterinvest
Some of the cons of Betterinvest are as follows –
- The platform is new and not RBI or SEBI registered.
- You can expect returns after 3 months, which is a long period for someone.
- The returns percentage is not fixed.
Betterinvest Review
Betterinvest is rated 4⭐ in various review platforms. The investors engaged in this have rated 3.8/5, which is almost good. Investors trusted this platform and said it is a good way to invest through Betterinvest in invoice discounting. Some of the reviews which we have collected through various forums are as follows –
Rita Desai – “It’s not clear what they are doing. Movie producers sell their invoices to BIC at a 12-18% discount, or BIC gives short-term loans to movie producers using their invoices as collateral. Their website is very vague, investing through this is very risky.“
Manish Mandal – “Higher returns come with higher risks. If you invest in any product, you need to understand its risks. Make sure to read as much as possible about the product. The capital market is sufficient for most people if you’re still looking to invest.“
Sneha Tiwari – “They are very vague and provide no proper responses. I invested in Goli Soda 1.5 Tranche and only received a partial payment, even though the deadline was September 13th. There’s no indication of when the rest will be paid.“
Conclusion
So this is in today’s blog. I hope you have enjoyed reading Betterinvest Reviews.
We created this post after getting lots of data from the official website. I hope you have loved reading this blog. If you liked this post, don’t forget to share it with your friend. And if you have any queries or information about Betterinvest, you can ask by commenting.
FAQs
Is it better to Invest in Safe?
Yes, very negligible complaints have been received, so you can feel free to invest.
Who is the founder of Betterinvest?
Pradeep Somu is the founder of Betterinvest.
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