Jean Galea

Health, Wealth & Happiness

  • Start Here
  • Guides
    • Beginner’s Guide to Investing
    • NFTs
    • Cryptocurrencies
    • Stocks
    • P2P Lending
    • Real Estate
    • Forex
    • CFD Trading
    • Start and Monetize a Blog
  • My Story
  • Blog
    • Cryptoassets
    • P2P Lending
    • Real estate
  • Consultancy
    • Consult with Jean
    • Consult a Lawyer on Taxation and Corporate Setups
    • Crypto & NFT Consultancy
  • Podcast
  • Search

Monefit Review 2023 – 7% Per Year Returns with SmartSaver

Published: April 10, 2023Leave 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

Filed under: Money, P2P Lending

Viainvest Review 2023 – A Tried and Tested Platform

Published: April 04, 2023Leave 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

Filed under: Money, P2P Lending

Esketit Review 2023 – One of the Hottest P2P Platforms

Published: March 18, 2023Leave 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

Filed under: Money, P2P Lending

Investing in Real Estate – EstateGuru vs Reinvest24

Published: February 18, 20222 Comments

At some point, each investor who holds his stake in real estate through p2p and crowdfunding has faced the question of whether to go with EstateGuru or Reinvest24. These 2 platforms definitely stand out amongst other platforms on the crowdfunding scene, with quite a big community of investors who love them and others who are neutral.

During the past 3 years, where I have been investing in both while closely following their developments, I was able to spot some differences that might not be so obvious to new investors. At the end of the day, this comparison is not about determining the best in class, but which platform is best suited to your needs. So without further ado, let’s dive into this comparison.

The age, size and business model

Founder in 2014, EstateGuru is the biggest European platform for investing in real estate. At the time of writing, their investors community consists of 117,500 investors. Reinvest24 was founded later in 2018 and thus far has around 14,000 investors which means they still have quite some ground to cover. Both platforms are based in Tallinn and have international offices in Europe.

Whereas the EstateGuru business model is to finance 3rd party projects backed by real estate collateral, Reinvest24 are known for managing their own projects and for offering rental projects – a property type that allows you to enjoy the same benefits from renting out your property. The latter model, therefore, has more “skin in the game” given that in the event of a project’s default Reinvest24’s team has more to lose.

Projects

Both platforms operate with secured loans backed with real assets, all of which can be openly vetted by prospective investors. To date, while Reinvest24 funded €19m in projects, EstateGuru funded over €513m. Moreover, the number of new projects varies quite considerably between the two. In fact, while EstateGuru publishes an average of 30 projects per month, Reinvest24’s average currently stands at 8 per month.

At EstateGuru you can invest in development projects, bridge loans and business loans. With Reinvest24 you can invest in development projects, rental projects, real estate-backed loans and business loans.

As mentioned earlier, Reinvest24’s prime differentiator lies with rental projects. In this respect, an attractive trait is capital growth. With many real estate properties increasing in price over time, once they get sold the investor can benefit from the increase in capital growth.

A first glance comparison between the two platforms will seemingly return similar development projects, however, upon taking a closer look you will start to notice quite some stark differences. A case in point is that while at EstateGuru finance the 3rd party borrower, Reinvest24 finance and manage all the projects themselves. That being said, Reinvest24 is now also looking at financing 3rd party borrowers and so far they have done so with one borrower – KIRSAN Swiss GmBH, who happens to have recently become a shareholder in Reinvest24.

Moving on to collaterals, normally the LTV (loan-to-value) varies from 50 to 70%. Furthermore, Reinvest24 has so far had a clean record in terms of defaults. In comparison, EstateGuru’s default rate currently stands at 6.60% or €14,866,890. Nevertheless, there is still a possibility for this money to be recovered.

Minimum Investment

Both platforms can be accessed at relatively low entry points, with EstateGuru’s minimum requirement of €50 being half the amount set by Reinvest24 at €100. In terms of deposits and withdrawals, both platforms operate seamlessly with transactions typically processed within 2 days, which depending on your bank, can also be reduced to a matter of hours.

Interest Rates

As a result of EstateGuru’s recent introduction of fees deductible from borrowers’ interest payments, the average interest rate on outstanding loans dropped to 11.24%. From my experience, this is quite normal in the growth journey of platforms, with Mintos experiencing a similar path.

In this case, Reinvest24 gets the win given the current average interest rate of 14.8%. Even if one had to deduct the success fee, which is calculated on the invested principal, once a project is successfully implemented the average interest rate will still hover around 14%. This is not only higher than the one generated by EstateGuru but also than other real estate platforms. Reinvest24 can ultimately offer such high-interest rates because the majority of their projects are developed by themselves. This way they are able to optimize expenses more effectively, allowing more room for profits.

Geographical Diversification

The main market for EstateGuru is Estonia, however, I have also seen loans from Latvia, Lithuania, Finland, Spain, Portugal, Sweden and Germany. I expect them to keep diversifying geographically as they grow over the next few years.

Reinvest24 sources their projects from 5 markets – Estonia, Latvia, Spain, Germany and Moldova.

To date, these 2 platforms are the only Baltic real estate platforms that have entered the German market. Moldova is also quite an interesting up-and-coming market.

Fees

EstateGuru fees vary from 0% to 1% and are deducted from the borrower’s interest payments. While Reinvest24 have recently abolished upfront investment fees, they charge a success fee of 1% applicable on your principal amount when the project you invest in is fully implemented. I personally think that this way the fee structure is beneficial to both parties – whereas for Reinvest24 this constitutes its main income stream, this way investors can earn a higher return, firstly because the principal invested is higher and also because the subsequent monthly interest rates are higher. The latter can then also be reinvested on the secondary market.

Both platforms charge withdrawing fees. While EstateGuru charges €1, Reinvest24 charges €2.

Secondary Market

If you would like to liquidate your investment before the project’s maturity day you can do so by selling on the secondary market. The secondary market is quite active on both platforms.

EstateGuru charges a 2% fee to the seller while Reinvest24 charges 0% to the seller and 1% to the buyer. The secondary market of Reinvest24 is one of the most advanced ones I’ve come across, being similar to the stock market concept. Here you can start selling or buying from €1, which really helps to increase your returns since all your money is constantly at work.

Communication

I find both platforms to be very professional in terms of communication and sharing project updates. The EstateGuru statistics page is well-detailed and gives access to the most relevant information. Unfortunately, Reinvest24 still lags behind in this respect and similar statistics can be accessed only upon request. With that said, they are quite fast in attending to similar requests and they informed me that a statistics page should be made available shortly.

An additional feature available with EstateGuru is a downloadable loan book that lists all the 3k+ projects and as such makes it easier for the investor to keep track. This feature is not available on Reinvest24.

Regulation

The European Crowdfunding Regulation came into force in November 2021, allowing all EU platforms a transition period of 12 months. Both platforms are currently working towards aligning their processes to be in compliance with the rules.

Separately from these rules EstateGuru is already regulated and supervised by the Bank of Lithuania. Reinvest24 is in the final stages of receiving the license in Estonia.

Concluding Thoughts

EstateGuru is one of the cleanest and most transparent real estate crowdfunding platforms in the scene. The default occurrence to date has remained low with the platform also not showing any major red flags, which in my opinion makes it a good place to invest. EstateGuru is a good opportunity to invest in the Baltics, which market continues showing signs of generous growth. Read more: a deeper review of EstateGuru.

EstateGuru’s platform interface is also very user-friendly, enabling you to locate any information you need within a few clicks. If you are looking for a more passive way of investing you can use an auto-invest tool. Their projects continue getting funded quite swiftly and their project tally is one of the highest on the real estate market. The strongest trait of EstateGuru lies in the diversification of its options, with its projects geographically spread across 7 countries. Hence if you’re looking to invest smaller amounts across a variety of projects (starting from as low as €50) for an average interest rate of around 10%, I suggest you go by EstateGuru.

Invest with EstateGuru

On the other hand, Reinvest24 is growing rapidly, developing both their project line as well as country diversification. Despite the lacking the same level of information provided by EstateGuru (for example statistics page, downloadable financial reports and loan book) their platform has still improved considerably during the past years. Read more: in-depth review of Reinvest24.

The biggest advantage of Reinvest24 can be found in the quality of their projects and higher interest rates. To date, Reinvest24 can boast zero defaults. Their team has refrained from chasing rapid expansion into geographical areas they don’t have the expertise in and have instead prioritised consolidating their good results within their areas of competence prior to moving on to other countries. Their “skin in the game” is also higher than other platforms, given they are also financing and constructing their own projects which means that in the worst-case scenario they would be losing their own money and above all, tarnishing their reputation. If you are willing to invest a bigger amount of money (minimum of €100) then I would go for Reinvest24, given the higher average interest rate of 14%.

Invest with Reinvest24

Filed under: Money, P2P Lending, Real estate

P2P Investing with Income Marketplace – Reviewed

Last updated: September 30, 2022Leave a Comment

GetIncome.com

Start investing today

Income Marketplace is a new player in the FinTech field. Based in Estonia, this crowdlending marketplace offers its investors a platform that’s safe and transparent. Their Cashflow Buffer and diverse Loan Originators make P2P investing look promising.

If you’re interested in this new platform, then keep reading. We’ll be reviewing Income Marketplace in this review to help you decide whether or not it’s right for you.

Income Marketplace Overview

Income Marketplace was founded in 2020. It’s one of Estonia’s newest crowdlending marketplaces that allows you to select and control Loan Originators while using risk management mechanisms like Cashflow Buffers. It’s an interesting way to invest in P2P.

Their CEO, Kimmo Rytkönen has a solid background in FinTech. One of the companies he has helped to build is Tunaiku, the lending arm of recently IPO’d Amar Bank in Indonesia. The whole team also has a proven track record in their field. They have a background in management, fundraising, international finance, consumer lending, and P2P investment.

The company’s goal is to make loan investing more transparent and secure. It’s a place where you can invest in loans to earn passive income effortlessly.

[Read more…]

Filed under: Money, P2P Lending

  • 1
  • 2
  • 3
  • …
  • 7
  • Next Page »

Latest Padel Match

Jean Galea

Investor | Dad | Global Citizen | Athlete

Follow @jeangalea

  • My Padel Experience
  • Affiliate Disclaimer
  • Cookies
  • Contact

Copyright © 2023 · Hosted at Kinsta · Built on the Genesis Framework