Lonvest Review 2026: Robocash Platform 2.0?

What is Lonvest?

Lonvest is a P2P lending platform with jurisdiction in Croatia, which has been launched in March 2023. On Lonvest, investors have a chance to invest in buyback-guaranteed consumer loans with terms of up to 30 days, while achieving promoted returns of up to 13.5%.

The P2P platform Lonvest belongs to holding company ‘SpaceCrew Finance Company’, which was founded in 2020. The parent company assembles a number of international lenders that also offer their loans for financing on Lonvest.

Lonvest at a Glance

All key facts and figures about Lonvest at a glance.

SpaceCrew Finance

Lonvest is backed by its parent company SpaceCrew Finance, which was founded in January 2020 and is headquartered in Singapore. The group, which employs around 500 people, assembles a number of active lending companies. These include the following brands:

• MyCredit in Ukraine (2016)
• OnCredit in Sri Lanka (2021)
• ClickCredit in the Ukraine (2020)
• Monto in the Ukraine (2024)
• Clicredito in Mexico (2024)

Since March 2023, the Croatian-based company ‘Lonvest Platform LLC’ has also been part of the holding company, which is to be used as a source of financing for the Group’s lending markets.

The Group was registered on 3 January 2020 under the name ‘SPACE CREW ASIA PTE. LTD.’ in the company register in Singapore. The Ukrainian Lonvest founder Roman Katerynchyk owns 80% of the shares in the parent company. The remaining 20% is held by Cyprus-based T.A.S. OVERSEAS INVESTMENTS LIMITED, which in turn belongs to the TAS Group founded in Ukraine in 1998. In 2019, the company invested USD 3 million in the growth of the MyCredit brand, in which it also holds a 20% stake.

Shareholder and Management

Who are the main shareholders and management executives behind Lonvest? Let’s have a look!

Lonvest Shareholder

Who owns Lonvest? The platform is officially operated by the Croatian company ‘Lonvest Platform LLC’, which was entered in the register on 14 March 2023. A look at the Croatian company register reveals that the platform is wholly owned by the Ukrainian Roman Katerynchyk as the sole shareholder.

Lonvest Management

Sign Up and Bonus

To invest on Lonvest, investors must fulfil two requirements: A minimum age of 18 years and a residence in the European Economic Area.

The registration process on Lonvest is fairly simple and intuitive. After opening an account via email, the KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) questionnaires must be completed on the website. This is followed by identity verification.

For deposits above EUR 10,000, further checks are also carried out on the origin of the funds.

Furthermore, deposits are currently only accepted from credit, payment or e-money institutions that are based in the European Union or in third countries where AML systems are comparable to the EU systems.

Legal entities can register on Lonvest as well.

Lonvest Bonus

If Lonvest’s profile appeals to you, you can receive an additional investment bonus for Lonvest via this blog.

To do this, you must first register with Lonvest via this link. You will then receive a 1% cashback on all investments you make in the first 90 days after successful registration. For an investment of EUR 10,000, this corresponds to a cashback of EUR 100.

A platform overview with all bonus offers and cashback promotions can be found on the bonus page.

Lonvest Forum

The P2P lending industry is a fast-moving environment. Hence, make sure to stay on top of all relevant information by subscribing to my channels on Telegram or WhatsApp. This way, you will always receive the latest information from the P2P industry, including platform news regarding Lonvest.

Investing on Lonvest

How does investing on Lonvest work? Let’s take a closer look at the different aspects.

Loan Offering

Lonvest is still a small P2P lending platform with a manageable amount of loans. So far, only loans from Sri Lanka (OnCredit) and Mexico (Clicredito) have been offered on the platform.

When adding new lenders to the platform, Lonvest restricts itself exclusively to new ventures of the SpaceCrew Finance Group. Already established lenders who can finance themselves from their own resources will not be added to the P2P platform for the time being.

The loans on Lonvest are primarily consumer loans with terms of up to 30 days, which are offered with interest rates of 11% to 13.5%.

Costs and Fees

On Lonvest, there are currently no costs or hidden fees charged to investors. Neither for registering, investing via the primary market nor for withdrawing funds.

Expected Returns

The expected return on Lonvest is largely determined by the offered interest rates and the repayment quality of the lenders. Lonvest has not yet encountered any problems, which is why the expected return should be in the low double-digit range.

Lonvest Auto Invest

At the moment, investors on Lonvest can only use the Auto Invest feature to invest in loans on the platform. A manual selection of loans is therefore not possible.

This approach already applies on other P2P platforms like Robocash, where investors have also no influence on the selection of individual loans.

Apart from that, the Auto Invest at Lonvest is structured somewhat differently. In contrast to many other P2P platforms, where investors can decide how much money is invested in a single loan, investors at Lonvest have to specify a maximum amount for their investment. The algorithm then automatically allocates the loans in different sizes, with the minimum investment amount being EUR 10.

Additional selection choices can be made with borrower countries, investment term and whether the income should be reinvested.

Secondary Market

Lonvest doesn’t offer a secondary market. Loans that are allocated via Auto Invest must therefore be held until the end of the loan term. Because the terms are only up to 30 days, a secondary market is only necessary to a limited extent.

Buyback Guarantee

Lonvest offers a buyback guarantee as well, which is widespread in the P2P lending environment. This means that loans that are delayed in repayment over a certain period of time are repurchased by the issuer.

In the case of Lonvest, this period is 60 days. When the loan gets repurchased, the accrued interest is also reimbursed.

The repurchase itself is financed by the respective lender, which issued the loan in the first place. If the lender does not have the financial capacity, the parent company steps in to cover up the outstanding claim. Lonvest is therefore advertising both a buyback guarantee and a group guarantee. 

Lonvest Taxes

Generally, interest income generated by loan financing is considered investment income and must be reported as such on the tax declaration. Unlike other platforms, Lonvest does not withhold any taxes that is generated from interest income.

For the tax report, investors will need to navigate to the “Statement” tab in the main menu. Here, investors can then select the category “Tax Report” and download the required document for the tax declaration purpose.

Lonvest Risks

Investors should look very carefully at the potential risk factors when evaluating a P2P platform. What is it that investors need to be aware of when it comes to Lonvest? Where are the underlying risks and how can they be assessed?

Platform Risk

The Lonvest platform, operated by the Croatian company “Lonvest Platform LLC”, launched its operations in March 2023. Due to its domicile in Croatia, the platform is not subject to any supervision or oversight by a financial authority. There is neither an investor compensation scheme nor any regulatory requirement for compliance or transparency standards.

As a relatively young platform with a limited track record, trust in the shareholders is a key risk factor. Behind Lonvest stands the SpaceCrew Finance Group from Singapore, whose founder Roman Katerynchyk has been active in the lending business since 2016. To date, no payment defaults or capital losses for investors have occurred.

Segregation of Funds and Deposit Protection

Investor funds at Lonvest are held in separate accounts with individual IBANs through Multipass and are not used for the platform’s own operating purposes. Funds are therefore kept separate from the platform’s own operating funds.

Unlike traditional bank deposits, there is no entitlement to compensation through a deposit guarantee scheme. Investors should therefore be aware that invested capital is subject to a real risk of loss, that returns are not guaranteed and that it may not be possible to recover the full amount invested.

Lender Risk

A key risk factor is the assessment of the individual loan originators offering their loans for funding on the Lonvest platform. To evaluate their financial stability, the following table provides an overview of the most recent financial figures.

You can check out the lender overview and comparison page to learn more about the applied KPIs and their interpretation.

Lender Risk Assessment 

In direct discussions with Lonvest founder Roman Katerynchyk, some interesting insights on the topic of risk assessment came to light, particularly with regard to their market entry in Mexico.

At first, new loan applications are subject to automated checks with various databases, such as credit agencies or fraud detection software, in order to make an initial pre-filtering. Lonvest then relies heavily on new and modern AI technologies for the risk assessment.

There are two different assessment procedures that are used for both new and existing customers. If new borrowers receive a positive assessment, they are then called again by the lender and their identity is verified again (also offline) before the loan is paid out. In contrast, a different model is used for existing customers, which is based much more on past repayment behaviour. The repeat rate for Mexican borrowers is currently at 85%.

At the moment, a total of 500 to 600 loan applications are submitted via the Clicredito brand in Mexico every day, of which only around 11% are granted. The target for non-performing loans is currently at 15% for existing customers and 18% to 20% for new customers. Given a default rate above 25%, Lonvest has admitted that there is still room for improvement.

By way of comparison: In Ukraine, where the company has been active since 2016, NPLs are stated to be below 10%.

Advantages and Disadvantages

In this section, I have listed the most important advantages and disadvantages of Lonvest.

Summary Lonvest Review

What is the preliminary conclusion of this Lonvest review?

Lonvest is a platform that was founded in early 2023, which has the potential to develop into a solid alternative in the P2P lending environment. Given the limited track record though, long-term assessments of the platform’s development are extremely difficult.

The platform is backed by an experienced manager from the lending business who has already built up a large number of internationally active lenders. As many of these lenders are able to finance themselves from their own resources, Lonvest primarily serves as a source of financing for the new ventures of the Space Crew Finance parent company.

Sharing audited financial statements, both for the holding company and their lenders, would provide a better idea for investors about the underlying financial stability. If the unofficially communicated numbers can be taken seriously, the buyback and group garantee should be honoured under normal market conditions.

Lonvest Alternatives

Already invested in Lonvest? Or looking for similar platforms? Here are three Lonvest alternatives from the P2P market.

Robocash: A P2P marketplace also incorporated in Croatia, with a long-standing track record dating back to 2017. Like Lonvest, the platform serves as a financing channel for the lending business of its parent company, with a focus on short-term buyback-secured consumer loans. The key difference: Robocash has a notably longer track record and regularly publishes audited financial reports. More information in my Robocash review.

Viainvest: A regulated P2P marketplace from Latvia with a focus on consumer loans from within the European Economic Area. Similar to Lonvest, Viainvest is closely tied to the lending business of its parent company. The key advantage over Lonvest: Viainvest is regulated, providing investors with a clearly structured regulatory framework. More information in my Viainvest review.

Afranga: A regulated P2P marketplace based in Bulgaria, serving primarily as a financing channel for the lending business of its parent company. Afranga stands out through its ECSP licence, competitive interest rates and a notably clean performance record with no capital losses for investors to date. More information in my Afranga review.

You can find other Lonvest alternatives in the P2P Platform Comparison page.

FAQ Lonvest Review

Denny Neidhardt

denny@rethink-p2p.de | Webseite

I’m Denny Neidhardt, the founder of re:think P2P. On this blog, I help retail investors make smarter, well-informed investment decisions in the world of P2P lending. Since 2019, I’ve been publishing in-depth analyses, platform reviews, and risk assessments to bring more transparency to this investment space. My goal is to challenge marketing claims, question developments, and empower investors with honest, independent insights.

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