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Frequently Asked Questions

About Konvi

What is Konvi?

Konvi is a platform that allows you to partially own rare, high-end luxury items. We, together with our very carefully selected partners, identify and source the rarest luxury items below market value, with average yearly historical appreciation of 20%*. You can partially own these items starting with only 250€. We are letting each item appreciate for a set amount of years, then sell it to collectors. After releasing our secondary market, we plan to allow everyone to sell their share prior to the end of the appreciation period while others who missed a funding period will be able to purchase shares later on.

I can buy a collectible watch myself. Why should I use Konvi?

99.9% of watches are not investment grade, meaning it's extremely hard to find a watch that you'd be able to sell at a profit after wearing it. Konvi's model works because our partner, The Watch Fund, is able to source the most exclusive and inacessible pieces under retail price, costing €200,000-€500,000, using their connection to the industry. To find out why you should not to consider your watches investments, until you are ready to sell them, check out the following magazine article.

How are the items on Konvi selected?

We factor rarity, originality, value, brand significance and additional data-driven factors into every decision we make to acquire assets. We purchase items meeting one or more of the following factors:

  • Queue cutting: purchasing of items before they hit the market.
  • Extreme limited edition: pieces only VVIP’s can access, therefore money can’t buy them.
  • Provenance pieces: worn by royalty or historical figures, e.g. Napoleon's carriage clock made by Breguet.
  • Price advantage: purchases under retail value that are guaranteed to increase in value straight away.

Is Konvi regulated?

Yes, we are! We’re proud to be regulated by the Central Bank of Ireland (CBI). As a company monitored by the CBI, Konvi operates to the highest financial standards and guidelines, to protect our customers against unlawful practices such as Money Laundering.

What kind of assets does Konvi offer?

We are offering access to rare luxury items with chances of high appreciation and returns. Starting off, we will list high-end limited edition watches, worth at least €200,000. Our reputable partner fund, the WatchFund, has sourced watches with average historical appreciation of 20% per annum. We will then also list fine wine portfolios with our world-leading wine investment partners in Q4 2021, allowing our community to get access to the rarest and best appreciating wines worldwide.

Over time we will expand further to make even more alternative asset classes available to the broader population, such as art, whisky, handbags, cars and other collectibles. Subscribe to waiting lists through our app and get notified!

How does Konvi work?

We work with partner funds to acquire rare collectible assets at a price lower than their market value. We predict the chosen assets will increase in value over time due to the nature of their rarity, brand validation and collectors' express of interest. We work with dedicated category-experts with decades of experience in alternative investments. For example, The Watch Fund is already managing millions in assets and has never managed a portfolio that depreciated. We believe asset curation driven by experts is more effective than by passion, emotions and limited brand knowledge.

Prior to the opening of a crowdfunding round, as a user of Konvi you can place a reservation of the share you want to purchase. This gives you priority access. Once the crowdfunding round opens officially, you can purchase shares directly via direct bank transfer or credit card. As soon as the crowdfunding is completed, you will become a shareholder in a SPV (Special Purpose Vehicle), whose purpose is owning, managing and selling an asset. The percentage of your shareholding in the company will be reflected by the size of each order. The asset will then be legally owned by all shareholders who participated in the crowdfunding campaign while the asset will be acquired and safely stored and insured with our partners.

At the end of the pre-specified appreciation period, our partner funds sell the assets within 6 months to their network of buyers and collectors. All net returns are paid back to all legal shareholders of the watch and the SPV will be dissolved.

You can find the documents of each SPV by accessing an open investment inside the Konvi app.

If there are profits while the asset is managed, the shareholders may be eligible to receive parts of the profits as dividends. When available, the entitled amount is 70% of the net profits of the company you partly own.

Why should I use Konvi?

Simply due to three main reasons: 1) to effectively diversify your financial portfolio, 2) to benefit from potential strong returns and 3) to partially own some of the rarest assets in the world.

Diversification: Every finance book, university course or investment guidebook stresses the importance of portfolio diversification to minimise the risk of losing money when putting all your eggs in one basket. Unfortunately, you usually need a certain amount of assets to be able to effectively diversify your money since many investments have a high minimum entry investment, e.g. real estate, luxury goods, etc. Therefore, the possibilities for diversification have always been very limited for small retail investors or young people. Konvi is solving this inquality and allows you to diversify your finances with as little as 250€ by purchasing shares of rare alternative assets which have a very low correlation with mainstream asset classes and are therefore an effective addition to equity porfolios.

Returns Alternative asset classes such as rare watches, fine wine, art or whiskey have historically performed very strongly and often *outperformed mainstream asset classes** such as stocks or bonds. Moreover, their returns have a low historical volatility. This is due to the fact that the luxury brands cut supply when there's less demand, to align with their marketing strategy of selling scarce goods.

Rarest Pieces in the World Finally, the items we source through our partners are some of the rarest pieces in the worlds. Which only makes them investment-grade in the first place since they are so scarce that demand from collectors is so high. Hence, it's actually exciting to be a legal co-owner of a very scarce watch, isn't it? Breakting down the barriers to luxury assets which have previously only be accessible by high-net worth individuals and big investors and democratising the access to the broader population is a mission that unites the Konvi community.

Who’s behind Konvi?

We (Ioana, Lena & Eran) are three investment enthusiasts who have experience working with financial systems at large corporations. After following the luxury collectibles market, and experiencing lower appreciation of our assets than Konvi’s partners are offering, we decided to bring rare, luxury assets to everyone. We set out to leverage our experience in startup strategy, software and product development to democratize the luxury market by lowering the minimum entry barriers from ~€250,000 to an amount as low as 250€.

Crowdfunding on Konvi

What is crowd-ownership?

Crowd-ownership is the practice of purchasing a physical or digital asset with capital coming from a large number of people. This way of raising capital has been established for the funding of companies worldwide, and also allows anyone to diversify their financial portfolio with physical assets such as luxury watches or real estate.

Will I receive any monthly statements or end of year tax documents?

Yes, but only when necessary for your reporting purposes. As a shareholder, you will be notified when we will file or receive documents.

When do I receive returns through Konvi?

  • Our assets have different appreciation periods, ranging from 2 to 10 years. At the end of the appreciation period, the partner is required to find an appropriate buyer within 6 months (aka inventory liquidation). The income is then distributed to all shareholders accordingly, and the amount will be available into their internal account balances.
  • We are planning to offer the opportunity of selling shares early on the secondary market, to benefit from higher liquidity. Each asset will have open trading windows, at least twice a year per crowdfunded luxury asset. Shareholders will be notified in advance of future trading windows.

How do I exactly own luxury items through Konvi?

Konvi will not own the luxury assets you crowdfund. You will become truly a partial owner! We legalise asset ownership by creating a company whose whole purpose is owning one item. When you purchase ownership in an asset, you become a shareholder in a newly created legal entity that buys, owns and sells one specific asset. This implies the liability of the company you own a stake in is not linked to the liability of Konvi or its partner funds - giving an extreme example this means in the unlikely event that Konvi goes bankrupt, the seperate legal entity will not be affected and your shareholding of the physical asset will be completely protected. You can access the legal documents in the legal section of each luxury asset inside the Konvi app.

Why do I not know in advance which watch model I am crowdfunding?

To find the best watches that will return the highest appreciation due to their scarcity, we partner with The WatchFund. The WatchFund is highly known internationally for their great track record and expertise in finding and selling the most exclusive and scarce watches. Yet, against common wisdom, it is not the watches that everyone thinks about that appreciate the most. Instead, the scarce, limited edition watches (e.g. produced in 10 pieces) by exclusive brands are the ones which raise exponentially in value because watch collectors would pay a fortune to be able to own such an exclusive timepiece.

This is why The WatchFund is supplying the most promising watch pieces at the time of the crowdfunding completion and does not communicate the timepiece in advance to avoid that the market and the watch price is influenced. This ensures the highest potential of appreciation after the purchase and also comes as a nice surprise for our Konvi community once the watch model is published on our platform :)

Is Konvi risky?

Even though we aim to partner with funds that yield high returns, crowd-ownership of luxury assets carries risks. The value of your assets can fluctuate—in both directions. Past performance does not guarantee future returns. For more information, we recommend you research further our partner, The Watch Fund, and their past performance.

When you purchase ownership in an asset, you become a shareholder in a company that buys, owns and sells one specific asset. This implies the liability of the company you own a stake in is not linked to the liability of Konvi or its partner funds - giving an extreme example this means in the unlikely event that Konvi goes bankrupt, the seperate legal entity will not be affected and your shareholding of the physical asset will be completely protected.

On the primary market, there is no guarantee the item is sold at the predicted price - it can be both higher or lower. On the secondary market, and there’s no guarantee that there will be a buyer offering your desired price when you want to sell. For more detailed information on possible risks please refer to our risk notice.

What is the data behind the advertised appreciation rates?

Our partner, The WatchFund, is trusted by many wealthy investors and is managing millions in assets currently. Their average historical appreciation is of 20%, and their worst portfolio they mananaged appreciated by 11% over the period of one year. Through Konvi, you can benefit of our partners' ability of sourcing the most exclusive timepieces, and with a low entry barrier of only €250.

What are the fees Konvi charges its customers?

The fees Konvi charges its customers are the following:

  • A 1% entry fee, when the asset is purchased. This entry fee will be substracted from the order amount.
  • If choosing to pay by credit card, a 1% credit card fee will be applied on top of the order amount. This fee can waived when choosing to pay by SEPA direct debit.

Using Konvi

I forgot which social login I used. How can I use my account?

If you know under each email your social login is, you can always log in via email, and it will connect to the same account. Your account will then be connected through both your social account and your email.

If you'd like your account to be connected to another email, feel free to contact our support - we're happy to assist you. Just email us at hi@konvi.app, and we will sort it out.

Who is allowed to use the Konvi platform?

Any person, 18 years or older, who is an EEA (European Economic Area) resident can crowd-own assets on Konvi’s platform.

How do Pre-Orders of shares work?

If you reserve your shares prior to the official opening of a new funding round, you will not have to commit to any payment at that stage. In fact, reserving shares will allow you to receive a "priority access right" to the funding item as soon as the funding opens, which means de facto that we will hold back the amount you reserved for any other investors for 5 days. Thus, you will have 5 days to finalise your reservation with no risk of the item being fully funded and you miss out your opportunity.

How can I make money on Konvi?

  • When you purchase shares on a Konvi crowdfunding round you acquire an ownership stake in a mini-company that owns and operates the specific asset. If its value rises, so should the value of your shares. At the end of the appreciation period, the item will be sold, and your initial purchase amount plus any partial profits on the sale (excl. any applicable fees) will become available in your Konvi account balance.
  • Our secondary market is still in development, but once live, it will give you the option to sell your shares prior to the end of the appreciation period. You'll be able to place an order during a trading window, and the price will be matched with a potential buyer's offer.

How can I get notified of future crowdfunding rounds?

There are two options:

  • If you'd like to get notified about all general future developments, you can sign up to our newsletter, through our magazine.
  • For signing up to detailed, specific future crowdfunding offerings, log in into the Konvi app, select the asset in the "Coming soon" section that you'd like to be notified about, and then click "Join Waiting List".

How do I pay for my order?

You will pay for your order directly through a secure payment gateway. We accept VISA, Mastercard, American Express, and SEPA Direct Debit. Credit/Debit card transaction incur a small fee of 1% fee.

Your payment (excl. fees) are transferred directly to the legal entities created to determine your partial ownership in the asset.

Privacy & Security

How can I be sure that my personal Information is secure?

As a financial platform that sells regulated securities, we are required to collect and occasionally store information of our users. For information security, we hold ourselves to GDPR (EU regulation) standards. Highly sensitive information, such as your card information or ID copy are never stored on our servers. They are directly sent to our refulated payment provider or the government entity. For further information, please review our Privacy Policy.

How do you protect my data and privacy?

To finalize a crowdfunding, you are legally required to provide extra information. The collection and use of your personal data exclusively takes place within the limits of statutory provisions and in consideration of the current European data protection laws (GDPR).

You will then become a shareholder of an SPV (Special Purpose Vehicle). The government requires information such as name, address and proof of address, nationality, which are held securely and not shared with the public.

Are the assets offered on Konvi stored and maintained securely?

The partnering fund purchasing an item is responsible for safe storage and maintenance. Their decades of experience in investment grade watches assure optimal storage conditions. They understand that proper storage is critical to growing long-term value. For watches, the WatchFund has decided for the items to be held in a vault provided by Malca Amit, which are experts in storing luxury goods. Since we make money only when you do, it’s in our best interest to manage the assets under the highest standards.

Is Konvi safe?

The Konvi team knows its strengths and weaknesses. We have all purchased assets with positive returns, but we believe industry experts churn the best results. Therefore, we partnered with The Watch Fund. With decades of experience in watch purchases and sales, and a track record of these watches returning 20% average profits per annum, they are trusted by their customers to manage millions in assets.

When you purchase ownership in an asset, you become a shareholder in a company that buys, owns and sells one specific asset. This implies the liability of the company you own a stake in is not linked to the liability of Konvi or its partner funds - giving an extreme example this means in the unlikely event that Konvi goes bankrupt, the seperate legal entity will not be affected and your shareholding of the physical asset will be completely protected.

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