October P2P Lending Review 2023 – A Solid Platform

With October (formerly known as Lendix) you don’t lend money to other people but to small businesses. I find this site to be very well structured and organized. Their chat is very helpful if you have any questions or doubts about any of the investments.

This peer-to-peer lending site is available in English, Italian, French and Spanish. All European investors are welcome to join and invest.

The minimum investment per project is €20 and there is no secondary market. You can expect returns between 5% and 9% per year.

I’ve been investing with October over the past three years and have had very good results. The loan offerings are very well presented, and each loan is fulfilled very quickly, sometimes in a question of hours. This shows that investors really trust this platform and that the loan offers themselves are very attractive.

The businesses asking for the loans are very diverse and come from the four countries I mentioned. As an entrepreneur myself, I not only enjoy the returns from October, but I also enjoy reading about the various businesses that appear on this site and observing their financial statements.

One thing to keep in mind is that most of the loans are fairly long-term, with the shortest being for 2 years. I try to keep the loans I invest in between 2 and 3 years out of personal preference for shorter loans and higher liquidity in my portfolio.

When you click the link below to start investing with Lendix and invest your first €500, you will receive an extra €20 to invest on the October platform.

Start investing with October today and get €20 to invest