Jean Galea

Health, Wealth & Happiness

Fintown Review 2023 – Invest in AirBnB Apartments in Prague

Published: 1 Comment

Open a Fintown account

Fintown is an investment platform powered by Vihorev Group (more than 10 years of experience in the Czech real estate market) that provides investors with convenient and safer opportunities to invest in real estate developments across Europe, with a special focus on Prague, the capital city of the Czech Republic. The platform aims to make real estate investing more accessible to individual investors, enabling them to diversify their portfolios and benefit from the potentially high returns of property investments.

Account Opening and Verification

My experience with Fintown began with the account opening process, which I found to be user-friendly and efficient. The platform required me to provide some basic personal information and upload a copy of my identification document for verification purposes. The verification process took a few days, which I considered reasonable given the importance of ensuring investor security.

Once I got verified, I was able to deposit euros, which is the only currency available for deposits on Fintown. You can start off with as little as €50.

User Interface and Experience

Once my account was verified, I gained access to the Fintown platform’s dashboard. I found the user interface to be clean and intuitive, making it easy to navigate and manage my investments. The platform offers a seamless user experience, with clear navigation menus and quick access to essential features like the investment marketplace, portfolio overview, and transaction history.

Flexibility is one of the platform’s major selling points, with the emphasis being on exiting an investment easily, gaining daily interest accrual (rather than say, monthly, which would reduce exit flexibility), and 0% commissions on deposits and withdrawals of cash. There are also no fees for participating in an investment.

Investment Options on Fintown

Fintown’s primary focus is on real estate investments, offering a range of opportunities for investors to participate in European property development projects. The platform carefully vets and selects projects based on factors such as location, potential returns, and overall risk. This allows investors like myself to have confidence in the investment opportunities presented.

Many of the projects are rental apartments in Prague (Czech Republic). This is perfect for those who want exposure to this burgeoning economy.

The minimum investment is €50 and there are no investment fees. You will be glad to know that the team invests at least 20% of their own funds in every project, meaning they have skin-in-the-game.

The available investments generate between 9% and 12% yearly yield and pay monthly interest, which is pretty good.

Types of Real Estate Offered

The real estate investment opportunities on Fintown cover various types of projects, but mostly short-term rental apartments in Prague, the capital city. Specifically, the apartments are located in the Smichov District. You can view several of the apartments on Booking.com and view for yourself the level of reviews for these properties. Here’s one example

The short-term rental market in Prague has experienced significant changes in recent years. Following the global pandemic in 2020, the short-term rental market, particularly Airbnb-style accommodations, faced a substantial drop in demand due to lockdowns, travel restrictions, and social distancing measures. However, as travel restrictions have eased and the world has gradually adapted to the new normal, the short-term rental market in Prague is rebounding and showing positive signs of growth.

One of the factors contributing to the good prospects of short-term rentals in Prague is the city’s enduring appeal as a tourist destination. With its rich history, stunning architecture, and vibrant culture, Prague continues to attract millions of tourists every year. As international travel resumes, the demand for short-term rentals is expected to increase, offering property owners and investors opportunities to capitalize on this growing market.

Additionally, the rising prices of real estate in Prague have contributed to the overall appeal of short-term rentals. With property prices increasing, purchasing a property for short-term rental purposes has become an attractive investment option for many investors, both domestic and international. The prospect of earning a higher return on investment compared to long-term rentals has further fueled interest in this market segment.

Moreover, the city’s thriving startup scene and the growing number of international companies establishing their presence in Prague have increased the demand for temporary housing for business travelers and remote workers. This trend further strengthens the prospects of the short-term rental market, as professionals seeking comfortable and flexible accommodation options often prefer short-term rentals over hotels.

All these factors make investing in short-term rentals in Prague very attractive at the moment, and Fintown offers one of the easiest ways to get exposure to this market.

Investment Process

Investing in real estate developments through Fintown was straightforward. Once I had reviewed the available projects and identified one that aligned with my investment objectives, I simply had to decide on the amount I wished to invest and complete the transaction. The platform also provides updates on project progress, keeping me informed about how my investments are performing.

There are two formats for investing, mezzanine loans and participative loans.

A mezzanine loan is a type of unsecured subordinated debt, which implies that in the event of borrower default, the borrower’s assets will be liquidated to repay a senior loan (such as a mortgage) before addressing other obligations, including subordinated debt.

A participative loan is a type of debt extended to a borrower in which the lender shares both the income generated and the losses resulting from the loan agreement.

Both types of investments carry a higher risk compared to loans secured by a mortgage.

Returns and Exit Strategy

One of the key considerations for any real estate investment is the potential return on investment and the exit strategy. Fintown projects typically offer attractive returns, with the platform aiming to provide investors with a combination of capital appreciation and rental income, depending on the nature of the project. As for the exit strategy, Fintown usually outlines the projected timeline for each investment, giving me a clear idea of when I can expect to realize my returns.

Each project featured on Fintown has a specified minimum term, which indicates the lock-up period for your funds.

These terms range from 9 to 24 months. Once the period concludes, you have the option to withdraw your funds at no additional charge whenever you choose.

Should you decide to exit your investment prior to the loan term’s completion, you can submit a request directly through the platform. However, note that Fintown will assess an exit fee based on the remaining duration of the term.

Customer Support

During my time using Fintown, I had a few occasions to interact with their customer support team. I found them to be responsive and helpful in addressing my concerns and questions. They were knowledgeable about the platform and its features, ensuring that I received accurate information and guidance when needed.

One of the interesting things I chatted with them about was the Czech market, so this helped me to learn more about the market there, specifically in Prague, and how investors are generating good returns due to the favorable conditions there.

Alternative Platforms

While I’ve had a positive experience with Fintown, it’s always a good idea to explore alternative investment platforms to find the best fit for your individual needs. Here are a few other platforms that you may want to consider:

  1. EstateGuru: EstateGuru is a European real estate crowdfunding platform that offers investors the opportunity to invest in property-backed loans, providing a different approach to real estate investing.
  2. CrowdProperty: CrowdProperty is a UK-based peer-to-peer lending platform that specializes in property development financing, allowing investors to fund projects in exchange for attractive returns.
  3. ReInvest24: ReInvest24 is a real estate investment platform that allows investors to buy shares of rental properties, offering a more passive approach to property investing and the potential for rental income and capital appreciation.

In conclusion, my experience with Fintown has been positive overall. The platform provides a unique opportunity for investors to participate in real estate projects in the Czech Republic as well as potentially in other countries in Europe. They offer carefully selected investment opportunities and a user-friendly experience. Although there are some limitations, such as the platform’s exclusive focus on real estate investments, I believe Fintown is a valuable addition to my investment portfolio.

Invest on Fintown

Monefit Review 2023 – 7% Per Year Returns with SmartSaver

Published: Leave a Comment

In this article, I’m taking a look at Monefit, a consumer loan platform designed to provide quick and convenient personal loans to customers in need of financial assistance.

Monefit was launched by Creditstar Group, an established financial services provider with over a decade of experience in the market. Operating across several European countries, Creditstar has built a solid reputation for offering short-term and installment loans to customers .

Register now at Monefit SmartSaver through this link and receive a 2% cashback on all your net deposits in the first 60 days.

Registration and Account Setup

Getting started with Monefit is a straightforward process. The registration and account setup are user-friendly, and once registered you can either deposit money and start investing (SmartSaver) or apply for a credit line (CreditLine).

Auto-Invest Feature

Monefit is a black-box platform. This means that you do not have visibility into the loans that you’re investing in, but are trusting the platform to make the best use of your money and allocate it in a responsible way. This is similar to how Bondora’s Go and Grow Unlimited system works. So to invest, you will need to use Monefit’s auto-invest tool called SmartSaver.

Monefit gives you a return of 7% per year, and boasts more than €850m invested and €83m in interest earned by investors on the platform.

Your SmartSaver account has no fees of any kind and no hidden cost, so you know exactly how much you will receive when you decide to withdraw your funds.

However, it is worth mentioning that there is a €50 minimum withdrawal limit in place. Moreover, withdrawals are not instant, however the platform promises to process them within 10 days.

Deposits and withdrawals can only be made in Euros.

One thing to mention is that while the interest is advertised at 7%, possibly hinting that it’s a fixed return, it can actually fluctuate at the platform’s will, as detailed in the terms and conditions. So take that with a pinch of salt.

Monefit and Creditstar

As I mentioned, there are very close ties between Monefit and Creditstar, so it’s worth spending some time on investigating Creditstar itself.

The Credistar Group is a prominent and audited European lending group that offers loans to borrowers across Europe, operating in countries such as Spain, the UK, Sweden, Denmark, Poland, the Czech Republic, Estonia, and Finland.

Although Credistar recorded a profit in its audited financial statement for 2021, the company’s commitment to meeting investor obligations has been somewhat inconsistent.

Credistar also sources funds for its loans through platforms like Mintos and Lendermarket. However, investors using these platforms have encountered considerable delays in payments, as Credistar was unable to repay investors due to insufficient liquidity to finance its loans.

Investments that had reached maturity on Mintos were shifted to “pending payments,” while those on Lendermarket saw their terms extended.

These circumstances heightened investor risk and significantly affected their liquidity.

Despite both P2P lending marketplaces advertising Credistar’s loans with the highest returns, investors have expressed dissatisfaction with the company’s methods and its failure to honor the buyback guarantee it had pledged on both Mintos and Lendermarket.

The underlying cause of Creditstar’s “liquidity challenges” could be attributed to the lender’s assertive lending approach and unforeseen fluctuations in financing.

To maximize profits, the lender must issue a greater number of loans and secure more funding. This rationale could explain why the financial group opted to introduce an additional “financing source” – Monefit SmartSaver.

Alternative Platforms

As an investor, it’s crucial to explore and compare different investment platforms to find the one that best suits your needs and preferences. Here are some alternative platforms I’ve considered or invested in:

  1. Mintos: Mintos is a popular peer-to-peer lending platform that offers a wide range of loan types from various loan originators across the globe. The platform provides a comprehensive auto-invest feature and a secondary market, making it a strong competitor to Monefit. However, Mintos’ extensive range of loan originators and countries may require more due diligence and research from investors.
  2. PeerBerry: PeerBerry is another well-regarded European P2P lending platform that focuses on consumer loans, similar to Monefit. The platform is known for its user-friendly interface, auto-invest feature, and competitive interest rates. However, PeerBerry’s loans also have a geographic concentration in Europe, posing similar risks to Monefit.
  3. Bondora: Bondora is a long-standing P2P lending platform that offers consumer loans in Estonia, Finland, and Spain. The platform is known for its simplicity and ease of use, with an auto-invest feature called “Go & Grow Unlimited” that targets a fixed return rate. Bondora’s main drawback is its limited geographic exposure, which may not suit investors seeking greater diversification.

Conclusion

This platform leaves me with mixed feelings. On the one hand, it’s not a platform that has to start from scratch, given that it’s backed by Creditstar, and the latter company has plenty of experience in the space. However, Creditstar itself does not have a stellar track record in its behavior towards investors.

Therefore, I would say that Monefit could be a good platform for you if you want absolute ease-of-use and high liquidity and you’re a fan of other similar products in the market such as Bondora’s Go & Grow. Monefit does in fact currently offer better returns than Bondora, but I would classify it as being riskier.

It’s always a good idea to explore and compare alternative platforms to find the one that best aligns with your investment goals and risk appetite.

Register at Monefit – 2% Cashback

Viainvest Review 2023 – A Tried and Tested Platform

Published: Leave a Comment

Viainvest home

Viainvest is a European P2P lending platform that connects investors with borrowers seeking short-term consumer loans. The platform aims to provide investors with an easy and secure way to invest in consumer loans, offering attractive returns and a simple, user-friendly experience.

Launched in 2016 and based in Latvia, Viainvest is part of the VIA SMS Group, which operates in several European countries, including Sweden, Poland, and the Czech Republic. The group has been operating successfully since 2009, and this undoubtedly contributes to Viainvest’s trustworthiness.

Open a Viainvest account

Account Opening and Verification

One aspect of Viainvest that I found appealing was the ease of opening an account. The registration process is straightforward and can be completed within a few minutes. You simply need to provide some personal information, verify your identity, and link a bank account to start investing. This hassle-free process makes it convenient for new investors to join the platform and begin exploring the investment opportunities available.

User Interface and Experience

After my account was verified, I gained access to Viainvest’s platform dashboard. I found the user interface to be clean and easy to navigate, making it simple to manage my investments. The platform offers a seamless user experience, with clear navigation menus and quick access to essential features, such as the loan listings, portfolio overview, and transaction history.

Investment Options

Viainvest focuses on short-term consumer loans, which typically have a duration of 30 days or less. The loans are issued by VIA SMS Group’s lending subsidiaries, ensuring a transparent and easy-to-understand investment process. Most of the loans on Viainvest come with a buyback guarantee, which means that if a loan becomes more than 30 days overdue, the loan originator repurchases the loan from the investor, providing an additional layer of security.

Auto Invest Feature

To simplify the investment process, Viainvest offers an Auto Invest feature that automatically invests available funds according to my chosen criteria, such as loan duration, interest rate, and maximum investment per loan. This feature allowed me to save time and ensure that my funds were consistently invested without the need for manual intervention. Additionally, I could easily adjust my Auto Invest settings whenever I wanted to modify my investment strategy.

Returns and Risks

Viainvest advertises average annual returns of around 12%, which I found to be competitive within the P2P lending market. However, as with any investment, there are inherent risks involved. In the case of P2P lending, the primary risk is borrower default. Viainvest mitigates this risk through its buyback guarantee, which, as mentioned earlier, provides an additional layer of security for investors. It’s essential to keep in mind that the buyback guarantee is dependent on the financial stability of the loan originator, so it’s crucial to assess the overall creditworthiness of the platform and its affiliated lending companies.

Secondary Market and Liquidity

One aspect of Viainvest that I appreciated was the presence of a secondary market, allowing investors to buy and sell their loan investments before the loans reach maturity. This feature can be particularly helpful for those looking for increased liquidity or wanting to adjust their portfolio quickly. However, it’s essential to note that the secondary market’s liquidity depends on the demand from other investors, and there’s no guarantee that you’ll be able to sell your loans immediately or at the desired price.

Transparency

One aspect of Viainvest that I appreciated is the platform’s transparency. Viainvest provides detailed information about each loan, including the loan originator, borrower’s credit score, and loan purpose. This level of detail enables investors to make informed decisions about their investments and helps build trust in the platform.

Moreover, Viainvest is transparent about its fees, which are relatively low compared to other P2P lending platforms. The platform does not charge investors any fees for using its services, which means that you can keep more of your earnings.

Loan Diversification

Although Viainvest primarily focuses on short-term consumer loans, I found that there’s still some room for diversification within the platform. Viainvest offers loans from different countries, such as Latvia, Poland, and Spain. By investing in loans from various countries, I was able to spread my risk geographically and reduce the potential impact of local economic fluctuations.

On the other hand, it’s worth noting that the platform’s focus on short-term consumer loans may limit the extent of diversification across different loan types and industries. If you’re looking for a broader range of investment options, you may want to consider alternative platforms that offer loans across various sectors.

Customer Support

Throughout my experience with Viainvest, I found their customer support to be responsive and helpful. Whenever I had a question or needed assistance, I could reach out to their support team via email or live chat. They were quick to respond and provided clear, concise answers to my queries.

Financial Performance and Growth

An important aspect to consider when evaluating an investment platform is its financial performance and growth. In the case of Viainvest, the platform has demonstrated consistent growth in both the number of investors and the volume of loans funded. This indicates a growing interest in the platform and a strong performance in the P2P lending market.

Furthermore, Viainvest is part of a profitable group, the VIA SMS Group, which has been financially stable since its inception. This stability further reinforces the platform’s reliability and attractiveness for investors seeking a secure investment environment.

Tax Reporting

Viainvest also simplifies the tax reporting process for its investors by providing an annual tax report. This report includes all the necessary information for investors to report their earnings to their respective tax authorities, making tax filing a less daunting task. The convenience of having this information readily available is a valuable benefit for many investors.

What I Like About Viainvest

  1. User-friendly interface: Viainvest’s platform is easy to navigate and manage, making the investment process smooth and efficient.
  2. Attractive returns: With average annual returns of around 12%, Viainvest offers competitive returns within the P2P lending market.
  3. Buyback guarantee: Most loans on Viainvest come with a buyback guarantee, providing an additional layer of security for investors.
  4. Auto Invest feature: The platform’s Auto Invest feature simplifies the investment process and allows for easy portfolio management.
  5. Secondary market: The presence of a secondary market provides investors with increased liquidity and flexibility.

What Could be Improved at Viainvest

  1. Limited diversification: Viainvest primarily focuses on short-term consumer loans, which may limit opportunities for diversification across different loan types and industries.
  2. Dependency on loan originators: The buyback guarantee is dependent on the financial stability of the loan originators, which may pose a risk if the originator faces financial difficulties.
  3. Currency risk: As Viainvest operates in multiple European countries, investors may be exposed to currency risk when investing in loans denominated in different currencies.

Alternative Platforms

For investors interested in comparing Viainvest with other P2P lending platforms, here are a few alternatives to consider:

  1. Mintos: Mintos is a leading European P2P lending platform that offers a wide range of investment opportunities, including consumer, business, and real estate loans. With a large number of loan originators and a secondary market, Mintos provides an opportunity for increased diversification and liquidity.
  2. PeerBerry: PeerBerry is another popular P2P lending platform in Europe that focuses on short-term consumer loans. The platform offers competitive returns, a buyback guarantee, and an Auto Invest feature.
  3. Bondora: Bondora is an established P2P lending platform that provides investors with various investment options, including consumer loans and a unique “Go & Grow” feature that allows for simple, low-risk investing with instant liquidity.
  4. Estateguru: For investors looking to diversify into real estate-backed loans, Estateguru is a solid option. The platform offers secured loans with attractive returns and a user-friendly interface.

Conclusion

Taking into account the stability and longevity of Viainvest as part of the VIA SMS Group, the platform’s transparency, and the opportunity for some level of diversification, my experience with Viainvest has been overall positive. While there are some limitations in terms of diversification and dependency on loan originators, Viainvest remains an attractive option for investors looking to explore P2P lending. If you’re considering investing in P2P lending platforms, Viainvest is a solid choice with competitive returns and an easy-to-use interface.

Open a Viainvest account

Scalable Capital Review 2023 – A Solid European Roboadvisor

Published: Leave a Comment

Scalable Capital is a digital wealth management platform that aims to make investing more accessible and efficient for a wide range of investors. Founded in 2014 by Erik Podzuweit, Florian Prucker, and Adam French, the company has quickly become one of Europe’s leading robo-advisors. Focusing on technology-driven investment strategies, Scalable Capital offers personalized, cost-effective portfolio management while minimizing risk.

In this review, I’ll explore the features, advantages, and drawbacks of Scalable Capital, providing an in-depth analysis of the platform’s offerings to help you determine whether it’s the right fit for your investment needs.

Invest with Scalable Capital

Investment Approach

The investment approach of Scalable Capital is based on Modern Portfolio Theory (MPT), which aims to maximize returns while minimizing risk through diversification. The platform uses advanced algorithms and technology to create an individualized investment strategy tailored to your risk tolerance, financial goals, and investment horizon.

The platform offers its clients multiple ways to invest and grow their wealth, catering to different investment styles and financial goals. Here are the three primary ways to invest with Scalable Capital:

  1. Broker: Scalable Capital provides brokerage services that enable investors to buy and sell a wide range of financial instruments, such as stocks, bonds, and exchange-traded funds (ETFs). With their brokerage service, investors can create a custom portfolio, selecting individual securities that align with their investment strategy and preferences. This option offers investors more control over their investment choices and is suitable for those who prefer a hands-on approach to investing.
  2. Interest: Scalable Capital offers a fixed-interest investment product known as “Scalable Capital Interest Account” (previously called “Savings Plan”). This option allows investors to deposit a fixed amount of money, typically with a predetermined interest rate, for a specified period. The interest account can be an attractive choice for conservative investors or those looking to diversify their portfolio with a lower-risk investment option. The interest rates can vary depending on market conditions and the duration of the investment.
  3. ETFs (Managed Portfolios): Scalable Capital’s core offering is its robo-advisory service, where they create and manage personalized portfolios using low-cost ETFs. These portfolios are tailored to each investor’s risk tolerance and financial goals. Scalable Capital uses advanced algorithms and technology-driven investment strategies to optimize the asset allocation and maintain the desired risk level. This option is ideal for investors who prefer a passive, hands-off approach to investing, as the platform takes care of portfolio management, including regular rebalancing and risk monitoring.

These three investment options cater to a variety of investor preferences, allowing them to choose the most suitable method based on their financial goals, risk tolerance, and desired level of involvement in the investment process.

Account Opening and Onboarding Process

Opening an account with Scalable Capital is a straightforward process. First, you’ll need to provide some personal information, such as your name, address, and tax identification number. Then, you’ll be asked to complete a questionnaire to assess your risk tolerance, investment objectives, and financial situation. This information is used by the platform’s algorithms to create a personalized investment strategy tailored to your needs.

After completing the questionnaire, you’ll receive a proposed portfolio allocation based on your risk profile. You can review this allocation and make adjustments if necessary before proceeding with funding your account. The minimum investment amount for Scalable Capital is €10,000, which can be a barrier for some investors with limited capital. On the other hand, I usually advise people to build a certain size of additional wealth before they decide to start investing. The minimum investment amount of €10,000 is what I would recommend as a minimum for this purpose, so in my view this makes sense.

Portfolio Management and Rebalancing

Scalable Capital continuously monitors and manages your portfolio using its proprietary algorithms. The platform regularly rebalances your portfolio to maintain the target asset allocation and risk level, ensuring your investments stay aligned with your financial goals and risk tolerance.

Rebalancing helps to keep your portfolio’s risk in check, as it prevents overexposure to a particular asset class or market segment that may have experienced significant gains or losses. This automated process is a significant advantage of robo-advisors like Scalable Capital, as it eliminates the need for you to constantly monitor and adjust your investments manually.

Fees and Costs

Scalable Capital charges an all-inclusive management fee based on the total assets under management (AUM). The fee starts at 0.75% per year for portfolios up to €50,000, with a tiered fee structure that reduces the fee as your investment amount increases. For example, the fee drops to 0.50% per year for portfolios between €50,000 and €200,000, and 0.35% per year for portfolios above €200,000.

This management fee covers all the costs associated with the platform’s services, including portfolio management, rebalancing, and custody fees. However, it’s essential to note that ETF expense ratios, which are inherent to the underlying funds, are not included in the management fee and will be an additional cost for investors.

Performance and Risk Management

Scalable Capital uses a dynamic risk management approach to ensure your portfolio stays within your desired risk level. The platform’s algorithms monitor market conditions and adjust your investments accordingly to maintain the target risk level. This process may involve adjusting the allocation of assets in your portfolio or switching to less volatile ETFs during periods of market uncertainty. This dynamic approach to risk management helps protect your portfolio from extreme market fluctuations while still pursuing your long-term investment objectives.

It’s important to note that past performance is not indicative of future results, and individual investment outcomes may vary. That being said, Scalable Capital’s focus on risk management and diversification aims to provide more stable returns over time, reducing the likelihood of significant losses during market downturns.

User Interface and Mobile App

Scalable Capital’s user interface is intuitive and user-friendly, making it easy to navigate and access all the features the platform has to offer. The platform provides a comprehensive dashboard that displays your portfolio’s performance, allocation, and historical data. This allows you to stay informed about your investments and make adjustments as needed easily.

The platform also offers a mobile app, available for both iOS and Android devices, enabling you to manage your investments on the go. The app includes all the functionality of the web-based platform, allowing you to track your portfolio’s performance, make deposits, and even adjust your risk tolerance directly from your smartphone or tablet.

Customer Support

Scalable Capital provides a variety of customer support options to address any questions or concerns you may have. You can reach their support team via email, phone, or live chat. From my experience, the customer support team has been responsive and helpful in addressing any issues or inquiries I had.

Some Drawbacks to Consider

While Scalable Capital offers many benefits for investors, there are a few drawbacks to consider as well. The minimum investment amount of €10,000 can be a barrier for some investors with limited capital, potentially excluding those who are just starting out on their investment journey.

Additionally, the platform’s investment offerings are primarily limited to ETFs, which may not be suitable for investors looking for a more hands-on approach or access to individual stocks, bonds, or alternative investments.

Alternatives to Scalable Capital

Here are a few robo-advisors and digital wealth management platforms that are available across Europe and that are worth looking into, with the final selection being dependent on your needs and ideas around investing.

  1. Moneyfarm: Founded in Italy and operating across Europe, Moneyfarm provides personalized investment portfolios based on ETFs. The platform offers a user-friendly experience, a tiered fee structure, and access to a team of investment consultants for personalized advice.
  2. Raisin: A pan-European savings and investment platform, Raisin partners with various banks and financial institutions across Europe to offer a wide range of investment products, including savings accounts, term deposits, and ETF portfolios. Raisin focuses on providing competitive returns, diversification, and a user-friendly platform.
  3. Etoro: A social trading and investment platform with a global presence, Etoro offers a range of investment options, including stocks, ETFs, commodities, and cryptocurrencies. Etoro allows users to follow and copy the investment strategies of other traders on the platform, which can be particularly appealing to novice investors.

Final Thoughts

Overall, I find Scalable Capital to be an attractive option for investors seeking a technology-driven, personalized investment solution. The platform’s emphasis on risk management and diversification, combined with its intuitive user interface and comprehensive support options, make it a compelling choice for those looking to simplify and optimize their investment process.

However, it’s essential to be aware of the platform’s constraints, such as the minimum investment amount and the focus on ETFs, when evaluating its suitability for your individual needs. As with any investment platform, it’s crucial to conduct your own research, consider your financial goals and risk tolerance, and ensure that the platform aligns with your overall investment strategy.

In conclusion, if you’re an investor looking for a robo-advisor that offers a personalized, risk-aware approach to investing, Scalable Capital may be worth considering. Its features cater to a variety of investment styles and preferences, but as always, carefully assess the potential risks and rewards before committing your hard-earned money to any investment platform.

Invest with Scalable Capital

Esketit Review 2023 – One of the Hottest P2P Platforms

Published: Leave a Comment

Sign up to Esketit

If you’ve been exploring opportunities in the consumer loan space and are curious about the Esketit platform, then you’re in the right place.

Esketit is a fintech company that’s been generating some buzz in the consumer loan market. Their focus is on providing transparent and accessible financing solutions to borrowers, but they also offer a unique opportunity for investors like us to participate in this growing industry. As someone who’s always keen on exploring new investment opportunities, I found their approach quite intriguing.

Esketit was founded in December 2020 by Davis Barons and Matiss Ansviesulis, who also established the highly successful Creamfinance Group. Since its inception in 2012, Creamfinance has been consistently profitable, generating an impressive revenue of 70 million in 2019.

Affiliated loan originators issue the loans on Esketit, ensuring transparency and easy oversight throughout the entire process. Davis and Matiss adopt a ‘skin in the game’ strategy, which gives investors greater confidence in the Esketit Platform.

Investing in personal loans through the Esketit Platform is simple and secure. With operations across five diverse markets, Esketit provides investors with access to a global landscape. By joining Esketit, you can benefit from top-tier practices in the P2P lending industry and enjoy high returns without compromising security.

Invest on Esketit

The Investment Process

The Esketit platform streamlines the process of investing in consumer loans. To start, you’ll need to create an account and complete the necessary verification steps. Once you’re all set, you can browse the available loans on the platform, assess the risk levels and potential returns, and decide which loans to invest in.

What I appreciate about Esketit is the detailed information they provide about each loan, such as the borrower’s credit score, loan purpose, and repayment history. This transparency allows investors like us to make informed decisions and effectively manage the risk-reward balance.

Founders’ Skin in the Game

The founders of Esketit, Davis Barons and Matiss Ansviesulis, follow a “skin in the game” approach. This means that they invest their own money alongside the investors on the platform. By co-investing, the founders demonstrate their confidence in the platform’s performance and align their interests with those of other investors. This approach adds a layer of assurance for investors using the Esketit platform, as the founders have a personal stake in ensuring the platform’s success and the quality of the investment opportunities offered.

Diversification Opportunities

One key aspect of successful investing is diversification, and Esketit doesn’t disappoint in this regard. The platform offers a wide variety of consumer loans, including personal loans, auto loans, and home improvement loans, among others. This variety allows investors to build a diversified portfolio and spread their risk across different loan types and borrowers.

Auto-Invest Feature

Esketit’s auto-invest feature is something I find particularly appealing. This tool allows you to set specific investment criteria and automatically allocate funds to loans that match your preferences. It’s a real time-saver for busy investors like me who want to maintain a diversified portfolio without having to constantly monitor and manually invest in individual loans.

Returns and Risk Management

Esketit offers competitive returns compared to traditional investment options, with annualized yields typically ranging from 5% to 15%, depending on the risk profile of the loans you choose to invest in. Of course, higher returns come with higher risks, so it’s essential to be diligent in your loan selection process and employ proper risk management techniques.

To help mitigate risk, Esketit employs strict underwriting standards and performs thorough due diligence on all borrowers. Additionally, the platform offers a secondary market where you can sell your investments before the loan term ends, providing liquidity in case you need to exit your investment early.

Customer Support

From my experience, Esketit’s customer support has been responsive and helpful. They offer multiple channels for communication, including email, phone, and live chat. This level of support is comforting, as it ensures that any questions or concerns you may have as an investor are addressed promptly.

Some Drawbacks to Consider

No investment platform is perfect, and Esketit has its drawbacks as well. One thing to keep in mind is that investing in consumer loans involves a certain level of risk, and there’s always the possibility of borrowers defaulting on their loans. It’s essential to be aware of these risks and manage your investment strategy accordingly.

Additionally, the platform is relatively new, so it’s yet to establish a long track record. While the early results seem promising, it’s important to approach such investments with caution and stay up-to-date with any developments that could impact the platform’s performance.

Alternatives to Esketit

Esketit faces competition from several other prominent platforms in the European P2P lending and investment industry.

Mintos, a well-established player in the market, offers a wide range of investment opportunities in loans issued by various loan originators.

Bondora, another competitor, has been operating since 2009, providing access to consumer loans from multiple European countries.

PeerBerry, a relatively newer platform, focuses on short-term consumer loans with a buyback guarantee, catering to investors seeking lower-risk investment options. Each of these platforms has its unique selling points, such as the range of loan types, geographical diversification, and risk management features. Investors should carefully consider their specific needs and preferences when choosing a platform to diversify their portfolios in the growing P2P lending space.

Final Thoughts

Overall, I find Esketit to be an interesting investment opportunity in the consumer loan space. The platform offers a streamlined process, detailed loan information, and attractive diversification opportunities. The auto-invest feature and competitive returns make it an appealing option for investors seeking exposure to this growing market.

That being said, it’s crucial to remember that investing in consumer loans comes with inherent risks, and the platform’s relatively short track record means that caution is warranted. As with any investment, it’s essential to do your own research, employ proper risk management techniques, and ensure that your investments align with your overall financial goals and risk tolerance.

In conclusion, if you’re an investor looking for an alternative investment opportunity in the consumer loan market, Esketit might be worth considering. The platform offers various features that cater to different investment styles and preferences. As always, be sure to carefully assess the risks and weigh them against the potential rewards before diving in.

Invest on Esketit

Latest Padel Match

Jean Galea

Investor | Dad | Global Citizen | Athlete