If you have been looking for investment options beyond the traditional ones like fixed deposits and mutual funds, you may have come across Ultra (getultra.club). This platform promises access to curated alternative investment options like invoice discounting, asset leasing, etc. But is Ultra the right platform for you? Is it safe? And how does it compare to other options in the market?
In this detailed Ultra review, we will cover everything you need to know — What exactly Ultra is, how it works, the different investment products it offers, its safety and regulatory standing, and how it stacks up against popular alternatives. Whether you are a first-time alternative investor or a seasoned HNI looking to diversify, this review will help you make an informed decision.
What Is Ultra?
Ultra (which was previously also known as Tap Invest) is a Bengaluru-based fintech platform founded in the year 2021. The platform is accessible primarily on the mobile app-for both Android & iOS users & also on the web where you can only see the investment dashboard but need mobile apps to invest.
The platform has invoice discounting as one of the most prominent alternative investment options on its platform. Other options available include asset leasing, digital gold & silver & soon to be launched pre-IPO investing. Most of these options were earlier available only to the wealthy, institutions or the HNIs. However, Ultra now provides exposure to these instruments to normal investors like you & me.
Investment Options Available on Ultra
Invoice Discounting
Invoice discounting is one of Ultra’s most popular offerings. In simple words, businesses often have unpaid invoices from their clients which are payable within 30 to 90 days of raising the invoices. Instead of waiting to receive that money, they sell those invoices to investors at a slight discount. If you are an investor, you buy these invoices and get returns when the invoice is paid back in full. Ultra lists these opportunities on its platform, offering potential annualised returns of up to 15%. The tenure is typically 30 to 90 days- making this a great option for investors looking for a quick turnaround on their money.
Asset Leasing
Asset leasing, as the name suggests, lets you invest in physical assets-such as IT equipment, machinery, vehicles, etc to corporations. In return, you receive predictable monthly lease payments as income. This is a particularly good product for investors who want steady, predictable passive income. However, nowadays, these types of deals are not much available on Ultra in recent times.
Asset Leasing
Asset leasing, as the name suggests, lets you invest in physical assets-such as IT equipment, machinery, vehicles, etc to corporations. In return, you receive predictable monthly lease payments as income. This is a particularly good product for investors who want steady, predictable passive income. However, nowadays, these types of deals are not much available on Ultra in recent times.
Digital Gold & Silver
Ultra offers the ability to buy, track, and sell digital gold & silver directly through the app. This is similar to what is being offered by most fintech platforms these days- nothing special here. Just the fact that in case you are using Ultra for invoice discounting, you can use the same platform for digital gold & silver and keep all these assets on a single platform.
Ultra Stash
Stash is Ultra’s loyalty and rewards programme. For every rupee you invest on the platform, you earn 1 Stash Coin. These coins can then be redeemed for rewards and perks- which are mostly some experiences, offers at their partners like Cleartax & Ultra branded merchandise like mugs & card wallets . It is not an investment product per se, but it is a nice value-add for regular investors who use the platform frequently. Think of it as the investment equivalent of a cashback or rewards card. The redemption starts from 5,50,000 coins onwards- which means you’ll have to invest 5 Lakhs+ to redeem your first reward.
Is Ultra Safe?
This is the most important question any investor should ask before putting their money on a platform. Here is an honest look at Ultra’s safety profile.
Ultra is operated by FixDot Fintech Private Limited, which is registered and based in Bengaluru, India. The platform clearly states in its risk disclosure that it is an intermediary technology platform — this means it facilitates transactions but does not directly guarantee returns or take on the credit risk itself. The investors themselves are parties to the transaction and bear the associated risks.
On the positive side, Ultra performs a basic level of due diligence on the businesses and deals it lists. It curates opportunities from vetted sources and provides detailed information on each deal, including the debtor’s creditworthiness and the invoice or asset details.
That said, like all alternative investments, risks do exist. Products like invoice discounting are not regulated by government authorities directly. Other risks include credit risk (the borrower or debtor may default), platform risk (the platform itself could face challenges), etc.
Ultra Alternatives
If you are looking at invoice discounting platforms (invoice discounting is a major offering of Ultra), following are some platforms to consider.
Altgraf : This is another popular platform for invoice discounting. Has several categories wherein invoices are insured by trade insurance or bank guarantees which helps reduce risk significantly.
Better Invest : This platform focuses on invoice discounting of companies in the media & entertainment industry. Invoice Discounting in Media & Entertainment like OTT, Music Rights, TV Shows, etc. sold to global platforms, channels, etc.
Amplio : Formerly known as Tyke. Another invoice discounting platform which provides IRR of upto 13%.
Conclusion
Ultra (getultra.club) is a promising and well-rounded alternative investment platform focussing on invoice discounting & a few other product categories like asset leasing, pre-ipo, etc. Whether you want to earn high short-term returns through invoice discounting, build passive income through asset leasing or just invest in digital gold or silver- Ultra has something for most investor profiles.
The platform is transparent about its risks, conducts due diligence on its deals, and offers a clean digital experience with competitive returns. However, it is important to remember that alternative investments carry risks that traditional products do not, and Ultra does not guarantee returns. It is not regulated in the same way as stock exchanges or banks.
If you are an informed investor looking to diversify beyond FDs and mutual funds into invoice discounting, Ultra is definitely worth exploring. Start small, read every deal document carefully, and always invest money you can afford to lock in for the investment tenure.
