Frequently Asked Questions
What is Curio Invest?
Curio Invest provides a simple platform to invest in premium collectable cars. Curio’s team of experts hand-pick vehicles based on their investment potential. The purchase price of the cars is crowdfunded by selling “Car Tokens” to investors on the platform. By purchasing Car Tokens, you gain the right to share in any profit when the vehicle is resold. In addition, you can diversify your portfolio by purchasing tokens in multiple cars. In this way, you can invest in the virtual garage of your dreams, backed by tangible, real-world assets.
How does it work?
Curio’s team of experts research and source rare, investment-grade collectable cars. We only select competitively priced cars which have the potential to increase in value over time. You can invest in a specific vehicle by buying Car Tokens. All the key information about the vehicles is available on the Curio platform (including the vehicle’s ownership history, the current market prices for comparable vehicles, and relevant media such as videos and photos).
When the car is resold, you will receive a profit if the vehicle increases in value. Alternatively, if you wish to cash out before the vehicle is sold, you can also sell your Car Tokens peer-to-peer to other investors.
Can everyone invest with Curio?
Curio Invest’s mission is to enable everyone to invest and profit from collectable cars. This means that ordinary car enthusiasts and smaller investors can now benefit from a market that was previously only accessible to wealthy elites. For this reason, the platform is free and open to all individuals above 18 years of age. For legal reasons, investors must pass an anti-money-laundering and KYC test before making their first investment, which can be completed online.
What is the purpose of Car Tokens?
By purchasing Car Tokens on Curio Invest, you gain the right to share in any potential profit when the vehicle is resold.
The conditions under which the vehicles can be purchased, maintained, insured or resold are clearly defined in detail in Curio’s investor prospectus.
Are Car Tokens backed by real cars (i.e. physical assets)?
Yes, every Car Token is backed by a real vehicle stored at a specialized facility in Germany. The Car Token represents a portion of that vehicle and investors can monitor it via webcam.
How do I buy Car Tokens for the first time?
To purchase Car Tokens and participate in the crowdfunding of a car, simply click the INVEST button at the bottom of the vehicle’s page. Now enter the number of shares you intend to purchase.
As a first-time investor, you must now complete our quick and easy registration process. This involves the following steps:
- Complete a questionnaire.
- Provide some personal information (as required by law)
- Verify your identity by completing a KYC check (Know-Your-Customer).
After successfully registering, you can place your investment by entering your credit card information. A trusted payment solution provider will process the transaction.
How do I buy Car Tokens after I am registered?
To purchase Car Tokens, simply click the PAY button at the bottom of the vehicle’s page on Curio Invest. Enter the number of shares you intend to purchase. You will be required to enter your credit card information. A payment solution provider will process the transaction.
How can I sell Car Tokens?
- If the vehicle is resold by Curio at a value higher than the maintenance costs, you will be reimbursed the cost of your tokens and your share of the profit.
- You can also sell some or all of your Car Tokens peer-to-peer to other investors.
How can I make money?
There are two ways to make money on Curio Invest:
By investing in Car Tokens, you gain the right to share in any potential profit when the vehicle is resold. The amount of money you obtain is directly proportional to the value of the car. You receive a profit if the increase in value of the vehicle exceeds its maintenance costs. Any vehicle that increases in value by more than 20% will be resold by Curio so that investors can share in the profits.
If you want to cash out before the car is resold, you can sell your Car Tokens peer-to-peer to other investors. Since your tokens are backed by a real vehicle, the value will be proportional to the current market value of the car.
Where are the cars kept?
All cars are stored and maintained with meticulous attention to detail by expert partner(s) in a highly secure and climate controlled facility in Germany. The vehicles are monitored by staff around the clock.
Can I drive the cars I invest in?
Curio Invest is primarily intended as an investment opportunity for small and mid-level investors. The goal is to acquire and maintain a collection of exclusive vehicles which will increase in value over time. In order to retain their value, the cars need to be very carefully stored and maintained by experts and thus, Curio investors cannot drive the vehicles. However, Curio Invest is planning to enable investors to monitor their vehicles via webcam, occasionally visit the vehicles, and even participate in unique driving experiences involving similar cars.
Who is behind Curio Invest?
Curio Invest is a part of Curio Capital AG, which is based in Zug, Switzerland and has offices in Zurich and Liechtenstein. Curio Invest is led by CEO Fernando Verboonen, who specializes in private equity funding and strategic investment. Valerie Halter is the Chief Product Officer, whose strengths include asset management, investment banking and event management. The central leadership team is rounded off by Jan Van den Broeck, who is responsible for legal issues and compliance, and Evrim Kayaci, who specializes in the development and deployment of blockchain technology.
How does Curio differ from other platforms?
Curio Invest enables everyone to invest in collectable cars on its simple, user-friendly website - no need for phone calls, meetings and paperwork. By using a crowdfunded, community-based investment model, Curio eliminates the need for minimum capital requirements, meaning that smaller investors can also access the market.
Don’t most cars usually depreciate over time?
While ordinary cars tend to depreciate over time, rare collectable vehicles have been consistently among the highest performing alternative asset classes. However, because the purchase price of exclusive vehicles is so expensive, up until now the market was only viable for elite investors. Curio Invest is opening up this exciting investment opportunity to everyone.
How long are the cars kept before they are resold?
Curio Invest will sell a car if the resale value reaches 20% above the initial purchase price. Thus, the amount of time will vary depending on market conditions.
What does “Express Interest” in shares mean
Before we start accepting investments, we may open up assets for reservations. By reserving shares, you express your interest in an upcoming investment opportunity. Although there is no binding commitment on your part, this allows us to evaluate demand to ensure we have enough investors before the car goes live.
What if the crowdfunding target is not reached?
If the crowdfunding target is not reached, all investors will receive a full refund.
What fees does Curio charge?
Curio charges a 25% performance fee on profit when the car is successfully resold. Thus, our fee structure is on a “no win, no fee” basis. A fee is only levied when your investment succeeds, meaning that your interests are completely aligned with those of Curio - we only make money if you make money. Please note, however, that depending on how you choose to purchase your Car Tokens, some third-party payment processing fees may apply.
Why Blockchain? How secure is my investment?
The trust and security of our customers is our highest priority. Curio Invest is powered by blockchain technology to maximize the security of our clients. The main advantage of this approach is that it is completely decentralized: as there is no central server, a large-scale data breach or widespread data tampering is virtually impossible. This is the reason why major international actors such as the Swiss government, the United Nations, and the Pentagon are researching and deploying blockchain-based systems to protect sensitive data.
Are there are any risks involved?
All forms of investment, including the investment opportunities on Curio Invest, are vulnerable to risks. The value of an investment is determined by market forces and thus, it can fluctuate in both directions. You will make a profit if the value of the vehicle exceeds maintenance costs when it is resold by Curio. If you are selling Car Tokens peer-to-peer, there is no guarantee that you will locate a buyer willing to purchase them at your desired price.
Although all of our cars are meticulously stored and maintained by reputable expert partner(s), bear in mind that cars are real assets and thus may be subject to material risks such as potential vehicle damage. The Private Placement Memorandum (PPM) or the Offering Circular (OC) for each of the car’s risk factors is available for your review in the legal section of the asset’s webpage. Visit www.curioinvest.com/disclaimer for more information.