Outlet

Outlet

5.0

(1 Review)

Lending

Outlet

Outlet

5.0

Lending

Earn 6% On Every Dollar You Save. A single mobile app that gives you principal safety and a high yield.

Member Insights

4.5% - 12%

Asset Class Return1Y

#14 Rank

In Lending30d

avatars

$3.8K

Avg Investment

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Overview

Outlet is a niche lending service that works like a savings account. They connect you with their network of overcollateralized lending partners, and match you with the highest yield. They do so in a smooth, and secure app that looks, acts, and feels like a savings account.

Things to Know

  • You make money on

    Interest

  • Fees

    0%

  • Min Investment

    $1

  • Payout frequency

    Monthly

  • Term of investment

    Zero

  • Target Return

    6%

  • Liquidity

    Easy

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

industry

Lending

4.5% - 12%

1Y Growth

99

Very High Risk

Top Perks

  • Withdraw anytime you want

  • All funds are 100% insured by our coverage policy

  • Zero fees what so ever

How you make money

This is a form of Peer-to-Peer investing. Outlet loans your capital to borrowers and in return, you earn interest paid monthly. The good news is that you begin earning the advertised interest rate as soon as your funds are deposited onto Outlet.

How Outlet makes money

Outlet earns revenue through the interest rate spread. This is the difference between the interest rate your funds are loaned out at vs what you as an investor are paid.

Is it safe?

Outlet currently has over 37,000 active users, and recently closed a seed round of funding in January of 2021.

 

All assets under Outlet’s management are 100% covered. Coverage is different from insurance. They are not FDIC insured, but have the best available coverage on the assets deposited through Outlet.

 

They have a direct partnership with one of our lending partners to make Outlet as safe as possible from hacks. Our custody solution partner is SOC II type 2 approved. Stock markets, exchanges and other regulated entities have similar SOC requirements that must be met in order to operate.

 

Lending risks are mitigated due to the fact that the loans your money goes toward backing are all overcollateralized. Meaning that for every dollar their lending partners loan out, there is over a dollar being held by them.

  • Established

    2019

  • Country Available

    Worldwide

  • Assets Managed

    $10M

Reviews

5.0
  • 5

    1

  • 4

    0

  • 3

    0

  • 2

    0

  • 1

    0

Reviews (1)
T

Trevor Honsberger

$Outlet is actually paying out 9% interest now! This app rocks and I point everyone here.

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