Honest reviews on alternative investment platforms I use. Reviews on European p2p lending platforms.
In the past year I’ve tried out almost 30 European p2p lending platforms. In broad lines, the all follow the same business model: I lend money through them and I get paid interest, and they get a fee. But how do I rank them? If I was to make a top 10, I know which platforms would get into that list. I know Mintos would be my top 1 platform, but why is that?
EstateGuru is a peer to peer lending / real estate investment platform that offers short-term property-backed loans from Estonia, Finland, Latvia, Lithuania, Spain and UK.
Since June last year, my p2p lending portfolio grew from 10 EUR to 20.000 EUR. I didn’t intend to grow it this fast, but accidents happen. I couldn’t learn about a platform by reading what others were saying, so I had to try it out. Add some funds. See how payments come. See how the platform handles customer requests and other issues. After I got comfortable with one platform, I couldn’t just withdraw the funds. The returns were too good to leave them there.
This got me wondering if I could live off my p2p investments earnings. And how much time it would take until I’d be able to do so. And I started tinkering with numbers.
This is going to be a long one. Since I didn’t write almost anything here in September, lots of thoughts piled up. So, grab a coffee (or a beer) and enjoy. I’ve managed this month to build myself a small website that lets me upload exported transactions and loan data Read more…
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 30.000 daily users.
Wisefund is a new and potentially promising p2p business lending platform from Estonia. With an average interest rate of 18.77% on its loans, it promises its investors good returns. The company was founded only in March 2019, and as of September, it has around 700 investors who invested a bit Read more…
Iban Wallet is an online investment platform which allows users to invest in different accounts with different interest rates and terms by offering a hassle-free, passive management experience. Iban’s projected returns range from 2.5% to 6%.
This is the 7th month I keep detailed track of my p2p lending portfolio. While it does provide value to me, I’m not sure it does the same for you. So I’ll try to keep this light and short.
Mintos is a peer to peer lending platform founded in Latvia in 2015. Currently, they offer an easy way to invest in loans from 29 countries originated from 60 lending companies. Since they started, they funded loans worth more than 2.1 billion EUR.
PeerBerry is a new peer to peer lending platform that has its first birthday in October 2018. They offer EUR short-term loans at a usual return between 10-12%.