40+ European p2p lending platforms that everybody can join

Published by Daniel on

(Last Updated On: January 20, 2019)

There are hundreds of p2p lending platforms across all Europe. The biggest p2p lending markets are in the UK, Germany, France, and the Baltics. There are also some hidden gems in smaller markets like Finland, Slovakia or Bulgaria.

What kind of p2p lending platforms are on this list

The list below contains the most accessible and easy to register with platforms from Europe. All of them follow 3 criteria:

  • they have an English version of the website so it’s accessible to people outside their country
  • the website is up and running and there are at least some loans available on the market
  • the registration is easy for anybody, at least from anybody inside the European Union

This means some of the big p2p lending platforms from Germany, France and Spain are not in this list, because they didn’t have an English version. While most of the time I can get by with Google translate, it would be hard to understand contract term or talk with support when needed.

The hardest platforms to register to are the ones from the UK, even though the UK is the largest p2p lending market in Europe. Almost all of them would contact you by email and ask for a copy of ID documents and proof of address, even though this could be easily done on their website too. Some of them would ask for “certified” copies of your documents. I’ve removed those platforms from the list because there’s too much trouble to register with them.

1. Klear

Klear is a Bulgarian p2p lending platform launched in November 2016. It offers consumer loans to Bulgarian citizens and accepts investments from any person living in the EU.

Currently, it has around 100 active loans on the platform, split into risk categories from A to D. The interest rates are from 5.7% to 13.9%, based on the risk level. On the same page, they also display the expected net yearly return rate, which is between 4.7% and 7.7%, after they include the credit risk.

All the loans so far are based on BGN (Bulgarian Lev). They seem to be planning to expand to other Central and Eastern Europe countries, so I’m not sure if they’ll be using the same BGN currency for all countries.

The loans on the platform are offered by Klear to borrowers, and then they’re put on the market where investors can buy shares of the loans. If a borrower stops paying, the bad loan is sold to external debt collection agencies and the recovered amount is distributed to the investors.

The platform has all the features expected from a p2p website:

  • A primary market where you can manually invest in loans
  • A secondary market where you can exit your investment earlier
  • An auto-invest tool that will run the business for you once you get to trust the platform

The website is available in 2 languages, Bulgarian and English. They might need to work a bit more on the English part of the site though. There are educational materials available, like e-books and a loan simulator, but they’re only offered in Bulgarian.

2. Bondora

Bondora is an Estonian p2p lending platform that started in 2009. The platform is a big automatic investment tool where you set the level of risk you want to take, fund your account and let it run. The loans are split into risk categories from AA to F and they are unsecured consumer loans from Estonia, Finland and Spain with terms ranging from 3 to 60 months.

The net return for investors is at 10.7%. If you’re interested, you can find more about Bondora in this article. If you use my link to register (or any other referral link) you’ll get 5 EUR in your account when you sign-up.

3. Iuvo Group

Iuvo Group is another Estonian p2p lending platform that functions as a marketplace where other loan originators can publish their loans and let investors buy parts of them.

The platform has around 5000 investors currently from all over the world. The loans issued are in 3 currencies: EUR, BGN (Bulgarian Lev) and a smaller size in RON (Romanian Leu). The interest rates offered range from 5% to 15% and all loans have a buyback policy. This means if the loan payments are more than 60 days late, the loan originator will buy the principal back from the investors.

The website also has a secondary market where you can sell your loans to other investors and an auto-invest tool that makes your life easier.

4. Investly

Investly is an invoice finance platform from Estonia. You can invest in invoices from SMEs (small and medium enterprises) in the UK and Estonia. The interest rates for the invoices range between 8% and 15%.

The invoices are uploaded by the sellers on the platform, then, after performs some checks on the invoice and the business, you can invest in that invoice and receive interest when the invoice is paid.

You’ll need to fund your account with both EUR and GBP if you want to invest in both Estonian and UK markets.

If you want to open an account on Investly, you need to be a citizen of EEA (European Economic Area).

5. Omaraha

Omaraha is another Estonian p2p lending company that offers secured and partially secured (60%) loans from Estonia, Finland and Slovakia. The loans are consumer loans with terms up to 60 months, with rates offered to borrowers between 8% and 50%.

The secured loans come with a 100% guarantee that the monthly payments will be delivered, but I have no idea what that means. Nowhere on the platform is this clarified. The interest rates for the secured loans are also lower, currently from 6% to 8%.

The unsecured loans interest rates have better rates, but currently, there’s only 4 of them on the platform, with rates from 8% to 15%. Also, there are not many details about the loans either.

The website looks a bit old, and the English version of the site has parts that are completely in Estonian (Forum, Blog, Campaigns).

6. EstateGuru

EstateGuru is the 5th Estonian p2p lending platform on this list. It offers short-term property-backed loans from Estonia, Finland, Ireland, Latvia, Lithuania, Spain and UK. The interest rates range between 8% and 12%.

All the loans are secured with collateral from the company requesting a loan. EstateGuru doesn’t offer a buyback guarantee policy, but the historical default rate on the platform is very low, around 0.5%

The platform has more than 17.000 investors with a historical return rate of around 12%. If you want to invest with EstateGuru, you’ll need an EEA or UK bank account. If you use my referral code (or any other for that matter) you’ll get 0.5% bonus of all the investments you make. Additionally, all investments made before December 16th will receive an early Christmas gift of 1% cashback.

There’s no secondary market where you can exit your investment earlier, so that’s a minus for EstateGuru. It does have though an auto-invest tool to make sure your money doesn’t sit idle in your account.

If you want to learn more about EstateGuru, I’ve written a more detailed review here.

7. Crowdestate

Crowdestate is another Estonian platform. It offers real estate loans, business and mortgage loans.

The minimum investment is 100 EUR and currently, there are more than 25.000 investors on the platform with an investment return of over 20%. You can read more about Crowdestate here.

There’s also a secondary market where you can sell your loans to other investors, or buy from them.

Anyone in the world (except US citizen) can become a member on Crowdestate. You can register with your email address, or with your Facebook/ Google account.

8. Reinvest24

Reinvest24 is not really a p2p lending platform. It’s a real estate crowdfunding platform that lets you buy shares of commercial and residential properties from multiple countries and receive rental income. Net rental yields on the properties funded so far range from 8% to 15% per year.

If you want to become a landlord but you don’t want to deal with renters, this platform offers a good alternative.

You can open an account on Reinvest24 from anywhere in the world, they don’t have any special conditions.

9. Bulkestate

Bulkestate is another Estonian p2p lending platform that lets you invest in real estate development projects. The interest rates on the projects funded so far range from 13% to 19%.

You can invest from anywhere in the world with as little as 50 EUR. The loans offered are not that many, but they’re announced in advance, so you can transfer money in your account only when you’ll be able to invest. There’s also an auto-invest tool available to add your investments even if you don’t log in to the platform.

There is no secondary market available, so it’s not possible to exit your investment before the loan term. Typical loan terms range from 6 months to 2 years.

10. Crowdestor

Crowdestor is a real estate crowdfunding platform based in Estonia. It offers investors the opportunity to invest in real estate, energy, transport and startup projects from as little as 100 EUR. The investment annual return rates are around 15%.

The website seems to be a bit unfinished. There are missing features like auto-invest and a marketplace for investors that want to get out of their investment before the loan term.

There are currently only 3 active projects to invest, so there are not too many options to choose from.

The projects and returns rate are really great, so despite the look and feel of the platform, it can still be a good option for real estate investment.

11. Envestio

Envestio is the 10th and the last Estonian platform on the list. It offers business loans with interest rates ranging from 12% to 22%.

It started as a private investment fund and switched to crowd investing in December 2017. They’re relatively new on the market, and they only funded their first project in February 2018.

You can register to the platform from anywhere in the world, and you can finance your account either by credit card or bank transfer.

There’s no secondary market, but you can sell back your investment to Envestio, with a 5% penalty fee.

There are not that many loans available, and no auto-invest tool to automatically invest in the new opportunities.

If you want to learn more about Envestio, I’ve written a more detailed review here. If you use my referral link to create an account on Envestio, you’ll get 5 EUR bonus when you make your first 100 EUR deposit and then 0.5% bonus on all investments made in the first 270 days after registration

12. Fixura

Fixura is a p2p lending platform from Finland that launched in 2010. You can invest in p2p loans with an average return rate of 8.3%. There’s only an automatic tool for investing, you can’t handpick the loans you want to invest.

This might be an interesting alternative if you want to expand your portfolio to Scandinavia. It’s easy to sign-up, it doesn’t matter where you’re from.

The big minuses the platform has is that the minimum deposit is 1000 EUR. Additionally, when you deposit funds, you’ll pay 2% in some subscription fee. You’ll pay another 0.9% fee when you make an investment in a loan. And you’ll pay another 4 EUR when you make a withdrawal to your account.

So, I’ve only opened an account with them but didn’t deposit any funds. A better alternative in Finland is the next platform on the list.

13. FellowFinance

FellowFinance is another p2p lending platform from Finland. It offers consumer loans from Finland, Denmark, Germany, Sweden and Poland. It also offers business loans and invoice financing in Finland.

The loan terms vary from 1 to 10 years for consumer loans and from 14 days to 3 months for invoice finance.

The interest rates available vary based on the selected market. The ones from Germany range from 5% to 8% (based on a rating star from 1 to 5). The ones from Poland range from 32% to 55%.

If the loan payments are more than 90 days late, they have a buyback rate ranging from 30% for Poland consumer loans to 70% for Finland consumer loans.

There’s a secondary market where you can sell your loans for a 1% fee and an auto-invest tool that manages your investment for you.

14. Flender

Flender is an Irish p2p lending platform that offers business loans to invest in. The interest rates typically offered are between 8% and 12%. It has more than 5000 investors on the platform with an average return rate of 10.4% and 0.95% default rate on loans so far.

You can open an account if you have a bank account in the EU, and you can start investing with 50 EUR. If you use my referral link (or any other) you’ll get a 0.5% bonus on all investments made in the first 30 days.

15. LinkedFinance

LinkedFinance is Ireland’s largest p2p lending platform. Since it launched in 2013 if offered loans worth more than 75 million EUR to more than 1800 businesses in Ireland. It offers business loans with interest rates typically ranging from 6% to 17.5%, depending on the risk level (graded from A+ to Y).

16. Mintos

Mintos is the biggest p2p lending platform in Latvia. It currently has more than 160.000 loans available on the primary market and a similar number on the secondary market.

Currently, Mintos aggregates loans from 58 lending companies. The loans are from all over the world with interest rates from 5% to 18%. The loans offered are in different currencies: EUR, GBP, USD, PLN, DKK and a few others.

The loan types offered are short-term, personal, car, mortgage loans, business loans, agricultural loans, invoice financing. Most of the loans offered come with a buyback policy, meaning if the borrower is more than 60 days late with the payments, the loan is bought back by the loan originator.

17. Robocash

Robocash is a p2p lending platform from Latvia that offers short-term loans with interest rates from 11% to 15%. All investments are completely automated, hence the name Robocash and all have a buyback guarantee.

Only citizens from EU and Switzerland can invest with Robocash.

The only problem with the platform is that the only loan types they offer are payday loans, which I don’t consider ethical.

18. doFinance

doFinance is another p2p lending platform from Latvia that started in 2015. They offer consumer loans with interest rates between 5% and 9%. The interest rates are linked to the amount of time you want to keep your money into their automatic funds. For 7 days, you’ll get a 5% interest rate. For more than 6 months, you’ll get 9% interest rate. All loans come with a buyback guaranteed policy that also covers the interest payments.

If you want to invest with doFinance, you need an EU bank account.

19. Grupeer

Grupeer is a peer to peer lending platform from Latvia that offers both consumer loans and real estate development loans. The loans have an average return rate of 14% and all of them have a buyback guaranteed policy.

They’re also planning to start a stability fund, where investors will be able to buy shares of real estate properties and receiving rental income.

The website doesn’t have a secondary market where you could sell your loans to other investors, but they’re planning to add that soon.

Anyone can register on Grupeer, but they’ll need an EU bank account in order to deposit funds.

If you’re interested in Grupeer, you can read more about it in this article.

20. PeerBerry

PeerBerry is a new peer to peer lending marketplace from Latvia launched in November 2017. They offer short-term loans from the Czech Republic, Latvia, Poland, Georgia, Ukraine, Kazakhstan and Moldova. The loans offered are only in EUR and have a usual return between 10-12%. All the loans come with a buyback guarantee, that also covers the accrued interest.

There are currently over 3000 investors registered on the platform that invested in loans worth of over 35 million EUR so far.

Any person over 18 years old and living within the European Union can invest in PeerBerry.

21. Viventor

Viventor is another p2p lending platform from Latvia that offers a similar offer to what Mintos does. Even some of the loan originators on Mintos are also present on Viventor platform.

The amount of loans available is decent, and currently, there are 600 available loans on the primary market and around 4000 on the secondary market.

The interest rates range from 8% to 12% and most of the loans come with a buyback guarantee or payment guaranteed policy.

If you register with the platform and use my referral code EY1994 you’ll get a 5 EUR bonus after investing at least 500 EUR on the platform (I’ll also get the same bonus).

22. ViaInvest

ViaInvest is the 7th Latvian p2p platform on this list. It offers consumer loans from Europe at around 11% interest rate.

The loan types offered are short-term loans, instalment loans and credit lines. Most of the loans come with a buyback guarantee, which means the loans are repurchased by the loan originator if the payments are late for 30 days.

23. Twino

Twino is another Latvian-based peer-to-peer lending marketplace that started in 2009 and focuses on unsecured consumer loans. It offers loans from Poland, Georgia, Denmark, Russia, Kazakhstan, Georgia and Spain.

All the loans available on Twino come with a buyback guarantee or a payment guaranteed policy. The interest rates are between 8% and 12%.

24. Swaper

Swaper is an alternative to Robocash, offering short-term consumer loans with interest rates around 12%. It offers loans from Poland, Georgia, Denmark, Russia and Spain.

Unlike Robocash, you can also use the manual investment tool, although I didn’t see any available loans on the manual list.

25. Savy

Savy is a p2p lending platform from Lithuania that links directly borrowers to loan investors. The currently available interest rates range between 12% and 55%, depending on the risk grade.

Savy splits the loans into 5 risk categories, from A to E. The risk of default for loans ranked A is lower than 1.62%, the risk for class E loans is between 27.2% and 100%.

The platform also invests in all loans available on the market, from what I see all loans have a 12% share invested by Savy.

You can choose the auto-invest tool or invest manually on the primary or secondary market.

26. Neo Finance

Neo Finance is a peer to peer lending platform from Lithuania. It has more than 5000 active investors and the average return rate is about 14%.

Neo Finance offers a wide range of loan types: consumer loans, refinancing, house repair, car, health costs, real estate purchases, travel and others.

When investing your money, you can choose to get a lower return and put part of the expected gains in a provision fund. If the loan payments are late, they’ll be paid from that provision fund. Also, Neo Finance will buy back bad loans from you at 50% to 80% rate, depending on the risk level of the loan.

If you want to learn more about Neo Finance, I’ve written a more detailed account about it here.

27. Lenndy

Lenndy is another Lithuanian p2p lending platform that offers loans with interest rates at 12% – 15%. The loan types offered are personal loans, business loans, mortgage loans, invoice financing and secured car loans.

Some of the loans come with a buyback policy, which means the loan originator will buy back the loan if the payments are more than 60 days late.

There is no secondary market, but you can sell your investment back to the platform for a 5% fee.

28. FinBee

FinBee is the last Lithuanian p2p lending platform on this list. It offers private or business loans with interest rates range from 14% to 23%.

The loans are from Lithuania or the Czech Republic and are split into 5 risk categories (A*, A..D).

You can choose to sell your investments on the secondary market after the first loan instalment has been paid.

29. Lendahand

Lendahand is a special crowdfunding platform from the Netherlands. It offers business loans for small and medium companies from emerging countries at interest rates ranging from 3% to 7%.

The platform is more about the impact you make in the world than about the profit you can make. It believes that by providing fair and transparent support to entrepreneurs in emerging countries it will help to create new jobs and enable people there to improve their access to basic needs.

30. ZltyMelon

ZltyMelon (yellow melon) is a p2p lending platform from Slovakia that was launched in 2012. It offers consumer loans from Slovakia and the Czech Republic with interest rates between 7% and 40%.

If you don’t want to invest manually in loan auctions or buy loans on the secondary market, you can also use the automatic investment tool on the website.

You can set up an auto-invest predefined profile with returns from 6.7% to 12%, depending on the level of risk taken. The loans are ranked based on a risk category from AA to D-, and their interest rate varies accordingly.

Only residents of the European Economic Area can register on the website.

31. Housers

Housers is a real estate crowdlending platform from Spain. You can invest in development loans, buy to sell properties or buy to rent properties and gain income from rent.

The minimum investment on any project is 50 EUR and anyone can register on the platform. There’s also a marketplace where you can sell your investment at any time you want.

The properties offered on the website are from Spain, Portugal and Italy.

32. Inveslar

Inveslar is another real estate crowdlending platform from Spain. You can invest either in properties that are developed and sold, either in properties that are bought, rented for a period of time and the sold back on the market.

You can start investing on the platform with a minimum of 100 EUR.

33. Abundance Investment

Abundance Investment is a UK based investment platform opened in 2012. It offers green investments, mainly renewable projects in the UK, that contribute to a better world. Return rates vary by the project from 5% to 12%.

The platform lets investors buy debentures and receive shares of the profits from the sale of green energy along with repayment of their initial investment.

Most of the investments are long-term, 15 to 20 years, although in recent years some short-term loan projects (2-3 years) were added as well.

Only the UK, EEA and Switzerland residents can invest with Abundance Investment.

34. Archover

Archover is a p2p lending platform from the UK that offers secured business loans at 6% to 10% return rate.

The loan terms range from 3 to 36 months.

The only problem with the problem seems that the minimum investment in any loan is 1000 GBP. That’s a bit too much for a single loan.

35. Assetz Capital

Assetz Capital is another UK p2p lending platform that offers investments in business and property loans. Every loan is secured by property, equipment or debentures.

You can invest manually and expect a return rate between 5.5% and 18%. You can also choose between one of the 5 types of automatic accounts and expect a rate between 3.75% and 7%.

36. Blend Network

Blend Network is a property lending platform that offers for investment property development loans. The average return rate for investors is around 12%.

This is a fairly new platform, it only funded so far 19 loans worth almost 5 million GBP. Besides this, Blend Network has the same problem as Archover, the minimum investment in a loan is 1000 GBP.

37. BridgeCrowd

BridgeCrowd is a p2p lending platform from the UK that provides bridging loans to property developers. All loans offered on the platform are secured by real estate property. The loans offered have an interest between 7.2% and 12% per year.

They started in 2012 and so far didn’t have any defaults on their loans. To add money to your account you’ll need to do a bank transfer of at least 100 GBP.

38. Brickowner

Brickowner is a new real estate crowdfunding platform from the UK that lets you invest in property development and gain profit after the sale of the property.

The projected returns of the properties range between 7% and 25% per year. Loan terms range between 1 and 4 years.

Brickowner also charges a 3% fee at the time of investment and a 0.75% annual management fee, so this would diminish a bit your returns.

There is no secondary market so the only way to exit your investment currently is at the end of the investment term.

The website accepts registrations from all over the world, except US citizen. You can start investing from 100 GBP per investment.

39. British Pearl

British Pearl is another real estate property crowdfunding platform from the UK. You can either invest in property development loans or buy shares of properties and receive income from rent or sale of the property.

Typical investment exits for rental properties is 5 years and for development properties, 2 years. You can also exit your investment earlier on the secondary market by selling it to other investors.

You can invest from anywhere in the world starting with 100 GBP.

40. Fast Invest

Fast Invest is a peer to peer lending platform offering loans from multiple European lenders. It started in 2015 in the United Kingdom and it currently has more than 14.000 daily users.

You can invest either manually or create an automatic profile and return rates are around 14%.

The platform has a buyback policy on loans with late payments, and also the platform pays the interest owed if the loan is late by more than 3 days. You can read more about Fast Invest here.

41. FundingSecure

FundingSecure is another UK p2p lending platform started in 2012 that lets you invest in asset-backed loans.

The loans offered have a 6-month term and the interest rates range from 10% to 15%, depending on the level of risk associated. The minimum investment in a loan is 25 GBP.

42. LandlordInvest

LandlordInvest is a p2p lending platform where you can invest in loans from landlords based in the UK.

The loans offered are either buy to let mortgages or bridge loans. The interest rates vary from 7% to 20%.

43. Lendy

Lendy is another UK p2p lending platform that offers loans secured by real estate property. The typical loan term is 6 months and the returns are up to 12%.

44. Property Partner

Property Partner is a real-estate crowd investing company based in the UK that buys and rent real estate properties. You buy shares in a property that the platform either already owns or plans to buy. Later, you receive a share of the rental income in the form of a monthly dividend.

Each property is listed on the website with a projected dividend yield to help you estimate your returns.

You can choose to either invest manually in one of the properties available or choose one of the 3 standard investment plans with expected returns from 6.5% to 8.5% or more. You can read more about Property Partner in this article.

45. Debitum Network

Debitum Network is a crowdlending platform that lets you invest fiat and cryptocurrencies into short-term small business loans. If you have crypto assets that you don’t want to part with yet, because of the low price, you can put them to good use by investing them on the platform.

46. Brickvest

Brickvest is a real estate investing platform from UK that offers investments in EUR currency from all over Europe. It has all sorts of property types such as residential, office, hospitality and industrial.

The investments terms range from 3 to 10 years and the return rates depend on each project (more than 5%). The investment minimum is a bit high though at 1000 EUR.

47. Fundwise

Fundwise is an equity crowdfunding platform that lets you invest in Baltic startups and real estate developers. The minimum investment amount ranges from 100 to 1000 EUR, depending on the project. While most of the site has an English version, some of the projects have parts of their pitch only in Estonian.


Daniel

Learning and sharing what I learn about alternative investments.

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