Frequently Asked Questions

About Konvi

What is Konvi?

Konvi is a platform that allows you to fractionally invest in rare, high-end luxury items. Thereby, we offer the possibility to diversify your portfolio by crowd-owning investment grade luxury items as a promising alternative investment. We, together with our very carefully selected partners, identify and source the rarest luxury items below market value in order to allow you to invest and benefit from their potential returns with a minimum investment of 250€. We are letting each item appreciate for a set amount of years, then sell it to collectors. After releasing our secondary market, we'll allow investors to sell their shares prior to the end of the appreciation period while other interested investors who missed an investment funding period will be able to purchase shares later on.

What kind of investments does Konvi offer?

We are offering investments in rare high-end luxury items with chances of high appreciation and returns. Starting off we will offer investments in high-end luxury watches, especially rare timepieces, valued at least €200,000. Through our reputable partner fund, the average appreciation is of ~11% per annum. Over time we will then extend our portfolio to other luxury categories such as art, handbags, cars and other collectibles. Subscribe to waiting lists through our app and get notified!

Why should I invest with Konvi?

There are multiple places you can put your money in. As a diversified investor, of course you should put it in multiple places. But let's look at some alternatives:

  • Deposits: You go to the bank and get offered 1% yearly interest. With €1000, you'll have next year €1010. But taking inflation into account, you lost more than the €10 you earned, because everything is more expensive than a year ago.
  • Stocks: A popular strategy is long-term investing in index funds. However, companies are affected by the economy. And this is when you can see ups and downs of 30% in just one year.
  • Cryptocurrencies: They can be a bet, as part of one's strategy, but huge volatility is expected. What happens when urgently needing cash at a downturn?

Konvi has discovered that physical assets historically have low volatility. This is due to brands cutting supply when there's less demand, to align with their marketing strategy of selling scarce, luxury goods. While money is being printed and the value of stocks remains speculative, the value of physical luxury items is driven by demand, which brands fight to keep up.

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 experts with decades of experience in watch investment. By already managing millions in assets and having never managed a portfolio that depreciated, The Watch Fund has proven to find the watches with the highest value increase in the future. We believe investment driven by experts is more effective than investment driven by passion, emotions and limited brand knowledge.

To express your interest into investment, you will make an initial payment to Konvi, totaling 5% of the investment amount. To complete your investment through Konvi, you will become a shareholder in a SPV (Special Purpose Vehicle), whose purpose is owning, managing and selling an asset. Your investment will reflect the percentage of your shareholding in the company. 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% the net profits of the company you partly own.

How are Konvi's investments 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 advantageous: purchases under retail value that are guaranteed to increase in value straight away.

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.

Who owns the assets invested in through Konvi?

As an investor, you do! Konvi will not own your investment. We legalise asset ownership by creating a company whose whole purpose is owning one item. When you invest 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. You can access the legal documents in the legal section of each investment inside the Konvi app.

Who’s behind Konvi?

We (Eran, Ioana & Lena) are three investment enthusiasts, who have always followed the collector watch market. We have experienced lower returns than Konvi’s offering when investing in other alternative investment categories, and we decided to make our preferred alternative investment strategy available to the public. We set out to leverage our experience in startup strategy, software and product development to democratize luxury investing by lowering the minimum investment barriers to an amount as low as 250€.

Using Konvi

How can I make money on Konvi?

  • When you purchase shares on Konvi you invest in an ownership stake in a mini-company that owns and operates a 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 the money will become available in your internal account balance.
  • If the legal entity you are part owner of earns more money than it costs to operate, you will get paid in dividends.
  • Our secondary market is still in development, but coming soon: If you decide to sell your shares early, you will place an order during a trading window, and the price will be matched with potential buyers' offers.

How do reservations 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 14 days. Thus, you will have 14 days to finalise your reservation with no risk of the item being fully funded and you miss out your opportunity.

How do I pay for my investments?

The payment is finalised in two steps:

  • Reservation: You will pay 5% through a secure payment gateway of the investment amount when you express your interest and commitment in investing in us. We accept VISA, Mastercard and American Express.
  • Share allocation: After agreeing to become a shareholder, you will transfer the other 95% via wire. The bank statement is a binding agreement, implying no one can dispute your ownership amount into the new legal created to determine partial ownership over an asset.

How can I get notified of future investments?

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 investments, 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".

Why can't I find the Konvi App in the app store?

We are one of the first FinTech startups to offer an easy to use and all-time accessible web app. This means we do not have a native app in the app stores. Instead you can still have the Konvi logo with direct access installed on your phone's home screen. If you log into Konvi via our mobile website at www.live.konvi.app you can install the app version on your Home Screen. If you encounter any problems, feel free to contact our support - we're happy to assist you.

Investing on Konvi

What is the data behind the advertised 11% returns?

Our partner, The Watch Fund, is trusted by many wealthy investors and is managing millions in assets currently. To date, their worst portfolio they mananaged appreciated by 11% over the period of one year. As an investor through Konvi, you have the potential of receiving the same attractive yearly returns, and with a low entry barrier of only €250.

When do I receive returns through Konvi?

  • Our investments have different appreciation periods, ranging from 2 to 10 years. At the end of the appreciation period, we are required to sell the asset 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.
  • Investors will also have the opportunity to sell their shares early on the secondary market to benefit from high liquidity. Each investment will have open tradng windows, at least twice a year per investment. Investors will be notified in advance of future trading windows.

Is investing with Konvi risky?

Even though we aim to partner with funds that yield high returns, all investments carry risks and Konvi’s are no different. The value of your investment 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.

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.

How much does it cost to invest with Konvi?

  • We work hard to scour and purchase items under market value, and we charge a 5% fee for this service. It's likely you will earn more than 5% out of the box, just by purchasing your investment sourced through us!
  • During the asset holding period, Konvi charges 0 management fees.
  • After the liquidation (sale) of the asset, Konvi charges a 10% performance (profit margin) fee. This implies that if you don’t make money, we don’t either. We rely on the performance fee to cover our costs, therefore it’s in our interest to find assets with a high appreciation rate.

Who is allowed to invest on the Konvi platform?

Any person, 18 years or older, who has an address based in EEA (European Economic Area) can make investments on Konvi’s platform.

What is Crowd-investing?

Crowdinvesting is the practice of raising capital through the internet 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 invest in physical assets such as luxury watches or real estate.

What is the secondary market?

The secondary market allows investors to sell their shares before the five year period has ended. Investors’ shares will be sold to other people wishing to invest. The purchase is made when both the buyer and the seller agree on a share price and amount.

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.

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

To find the best watches to invest that will return the highest appreciation due to their scarcity, we partner with The Watch Fund. The Watch Fund is highly known internationally for their great track record and expertise in finding and investing in the most exclusive and scarce watches. Yet, against common wisdom, it is not the watches that everyone thinks about that bring the highest value appreciation. Instead the scarce, limited edition watches 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.

Privacy & Security

How do I know it’s safe to invest with Konvi?

The Konvi team knows its strengths and weaknesses. We have all invested in 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 investments, and a track record of returning 18% average profits per annum, they are trusted by their investors to manage millions in assets.

In terms of ownership legalisation, the company you are a shareholder of is not owned by Konvi. We provide all the tools to define asset ownership at the government level, which cannot be denied. In the worst case scenario, even if both Konvi and the partnering fund become insolvent, the public entity still owns a physical item, which cannot be acquired by either Konvi or the partnering fund.

Are Konvi's investments stored and maintained securely?

The partnering fund purchasing an item is responsible for safe storage and maintenance. Their decades of experience in the commodity investment field assures optimal storage conditions. For example, The Watch Fund is currently storing millions worth of watches, waiting to appreciate. They understand that proper storage is critical to growing long-term value. Since we make money only when you do, it’s in our best interest to manage the assets under the highest standards.

How do you protect my data and privacy?

In order to invest, 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).

As an investor, you will become a shareholder of a publicly traded company. The government requires information such as name, address and proof of address, nationality, which are held securely and not shared with the public.

What data do I need to provide when signing up?

To sign up you are only required to provide your email address. You can choose to sign up via email or through one of your existing, separately secured, accounts (Google or Facebook). From your third party account, we only save your email address.

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 about investors. 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 the payment provider or the government entity. For further information, please review our Privacy Policy.

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