Monethera is one of the newest players in the business crowdlending town. You can invest in real estate projects, business loans, green energy, logistics or technology companies and earn up to 22% per year in interest.

At the end of 2019, it had more than 2000 investors that funded loans worth a bit over 4 million EUR.

Monethera Highlights

  • Launched: June 2019
  • Headquarters: Estonia
  • Loan types: Business Loans, Real Estate, Green Energy, Logistics, Technology
  • Loans from: Latvia, Estonia, Poland, Germany
  • Loan terms: up to 2 years
  • Interest rates: 18% – 22%
  • Loans funded: 4.7 million EUR (as of December 2019)
  • Investors: 2400 (as of December 2019)
  • Fees: no fees
  • Minimum investment: 1 EUR
  • Currency: EUR
  • Secondary market: no (can sell loans back to Monethera with a 5% fee)
  • Auto-invest: no
  • Buyback guarantee: yes
  • Accepts investor countries: all countries, except the USA, China and blacklisted or sanctioned for EU countries
  • Bonus: a 5 EUR bonus on registration; 0.5% cashback on all investments made in the first 180 days (use factornerd promo code to get 0.5% cashback for 360 days)

How does Monethera work

Monethera only launched their peer to peer lending operations in June 2019, although they’ve been running a private investment fund since 2017.

They decided to open their gates to the public in order to attract more funds and grow faster.

Companies from various industries apply for financing online on the Monethera website. From what I’ve seen so far, most loans available are from Latvian companies or from nearby countries.

The Monethera team does its due diligence on the loan request. This includes checking their financial statements, analysing their business plan, look at the market conditions, check if the company has any legal problems.

After the loan request is approved, it is published on the website and investors start investing in it. Each loan has a deadline for funding, usually of 2 weeks. If the loan is not funded in the expected time, the funds are returned back to the investors, including the interest for the 2 weeks. If the loan is at least 80% funded, Monethera will invest the remaining amount so the project can start.

All the loans available are full-bullet loans. This means the interest payments are received only at the end of the loan term. This just changed on July 11th. All loans will pay interest on the first day of each month.

At any time during the loan term, investors can sell back their investment to Monethera. They will need to pay a ~5% penalty, and this means they’ll only receive back 95% of the invested amount. Since all interest payments are done at the end of the loan term, the investors who sell back their loan in advance don’t receive any interest payment.

In case of default, Monethera has a reserve fund from which it will pay immediately to its investors 35% of the invested sum. The rest of the invested sum (65%) will be returned to the investors after it is collected from the borrower. This greatly depends on the speed of the judicial process, and it may take up to 18 months.

A more in-depth look at Monethera

Monethera is located in Tallinn, Estonia, and it currently has 15 employees. In the 2 years functioning as a private investment fund, it held a portfolio of 36 projects worth a bit over 6 million EUR.

Due diligence on the loans offered is done with the help of SIA Doma Audits, a Latvian audit company with a track record of almost 20 years.

Social footprint

While Monethera is very new, and it doesn’t have yet an extensive track record, its management team has decades of experience in the financial sector. You can read more on the company and their team on their Linkedin profile:

  • Andis Taubergs – CEO, with around 20 years of project management experience in various companies
  • Kristine Romanova – Senior Investment Advisor, with more than 10 years of experience in finance
  • Viktors Mirosnicenko – Senior Financial Analyst, with around 20 years of experience in financial analysis

You can also follow them on Facebook or Twitter. They post regularly updates

Regulations and how safe are my investments

Monethera is registered in Estonia, which doesn’t have any specific crowdlending regulation.

Becoming a Monethera investor

1. Create an account

You can register on the website and invest if you are not a resident of the US (of course), China, Lithuania, Latvia, Estonia, and some blacklisted or sanctioned for the EU countries (I assume countries like North Korea).

It took me 5 minutes to register on the website, upload a copy of my ID and a utility bill. Then I had to wait until the afternoon for my profile to be verified. (Their number of investors on the website is still in the hundreds, so I’m sure my profile wasn’t in a very long waiting queue).

2. Add funds to your account

You can fund your account by bank transfer. I’ve funded my account through Revolut, and the funds appeared in my wallet a few hours later.

If you want to withdraw money from your account, the minimum amount is 10 EUR.

3. Invest in the available projects

Select one of the projects, read about it and invest. The minimum investment is 1 EUR. You can later track your investments on your dashboard page.

3.a Enable 2fa authentication

To protect your funds and investments, Monethera added a 2-factor authentication option (use your password and also a code that regenerates every 30 seconds). So, don’t just use your password to connect to your account. Add this additional step to your account setup process.

Monethera taxes and fees

The only fee investors pay on Monethera is the 5% fee (or 6%, depending on the project) if they wish to sell back their investment to Monethera before the loan term.

Monethera doesn’t automatically retain taxes from the interest payments, so you’ll need to do it by yourself in your home country.


Platform risks

Monethera is a relatively new platform, although the current progress looks promising. There’s a constant stream of projects available, they get funded relatively fast and some of the projects have started to mature and were paid in time. We don’t have access to its financials, but the risk of platform default at this point is very low.

Regulatory risks

Crowdfunding is a fairly unregulated domain in most of Europe. Any changes could affect existing platforms. This means Monethera might find it hard to comply with the regulation changes and at the worst, they’ll have to suspend their activity.

Market risks

The small and medium enterprises are the first to fall during economic downturns. If the economy hits a rough patch, your p2p lending portfolio will suffer on any platform you’ve invested in.

Performance risks

During their experience as a private investment fund, Monethera had a default rate of around 4%. You’ll need to take this into account if you plan to invest in Monethera projects and make sure you diversify your portfolio as much as possible.

Platform experience

There’s a constant supply of projects published on the platform. Most of the time there are at least 2 projects available for funding.

The loan terms range from 3 to 12 months and the minimum investment on each of them is 1 EUR.

All projects available come with a buyback guarantee (at a ~5% fee). It’s similar to what Envestio offers on their available projects.

As with Envestio, they don’t have a secondary market where you could sell your investment before term, so the buyback guarantee is your only early exit.

Also, there’s no auto-invest option on the platform, so all investments need to be done manually. Given the low number of available projects, this is not something anyone should cry over.

Once you invest in a project, you can see the details of your investment on the dashboard.

monethera projects

The project details page is currently rather disappointing. There are no additional details on the page besides what you can see on the projects dashboard, except for a short description of the company, what it intends to do with the loan and how much of the loan is already funded.

Monethera improved a lot the details available on the projects since June. Each project presents details on the company, their business model, the market they activate in, how are the funds going to be used and where are they going to generate enough revenue to pay their loan back. They also added a risk level indicator (low, medium or high), and a few details about collateral and guarantees.

I like that Monethera listens to investors suggestions and updates their platform accordingly.

Monethera buyback

If you decide you want to free up your funds early, you can sell your loans back to Monethera for a 5% – 6% fee.

monethera buyback

My portfolio

I’m new to Monethera and I’ve done my first investment at the end of June. Since then, I’ve slowly increased my portfolio to around 1300 EUR in November.

monethera portfolio evolution from june to november

All payments came on time (1st day of each month), and I’ve earned so far 41 EUR in interest payments. This amounts to an annual return of 20.59%.

I like how my list of transactions is displayed, although I’d prefer more a CSV or Excel export so I could aggregate the data by myself. (they’ve added a CSV export button on the transactions page).

monethera transactions

Conclusions on Monethera

I was a bit sceptical 6 months ago when Monethera projects had few details and you couldn’t see almost anything about the loans you were supposed to invest in. Since then, Monethera evolved a lot and my trust in them increased as well.

Positive aspects

  • The projects advertise good returns
  • The minimum investment in a project is 1 EUR, so I don’t need a big commitment to try it out
  • All projects come with a buyback guarantee. It has a 5% fee, and it doesn’t include any interest for now, but I’m willing to cut some of my profits if I need my funds now
  • lots of details on the available projects
  • I like the website design. It’s fast, modern and visually appealing. While this is not important from an investment point of view, it does make my experience on the website more pleasant
  • experienced team

Aspects to improve

  • No secondary market (you can exit early from your investment but with a 5% fee)
  • New platform. And hence higher risk. They still have to build trust by finishing projects on time and treating their investors well. While every p2p lending platform on the market goes through this stage, it doesn’t lower the risk taken by new investors

Monethera risk and returns summary


Loan security
Account Security
Track Record


Even though Monethera is a new platform with very few projects completed, it’s a good investment option to consider.
With a secure website, a relatively secure buyback guarantee and loans with very high returns, Monethera makes up somewhat for its lack of track record and missing technical details on its projects.


Disclosure: The links to Monethera are affiliate links and if you decide to sign-up on the platform, I’ll receive a commission. You’ll also receive a 5 EUR bonus when you sign-up, and later a 0.5% cashback on any investment you make in the first 180 days.

This doesn’t mean that I encourage you in any way to sign-up on the platform. It’s your risk to take.

If you think my review was useful, you could also read my other reviews on similar p2p business lending platforms: Envestio, Kuetzal, TFG Crowd or Wisefund.

How useful was this post?

Click on a star to rate it!

Average rating 4.5 / 5. Vote count: 13

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

DoFinance easy and secure investing with 12% annual return


Leave a Reply

Your email address will not be published. Required fields are marked *