•Monefit SmartSaver is an investment platform registered in Estonia. Investors can invest directly in the loan portfolio of the Creditstar Group and earn a return of up to 10.52%. Operations launched in November 2022.
•The key characteristics of Monefit SmartSaver are high liquidity, a fixed return and ease of use. The product profile is therefore very similar to Bondora Go & Grow.
•Monefit SmartSaver is not subject to any regulatory oversight by a financial supervisory authority. The lack of transparency standards makes it difficult to make a qualitative assessment of the achievable return and the promised liquidity.
•No issues have occurred on the platform to date. Both the advertised return and the promised liquidity have been maintained so far.
★★★★★★★★★★(3.4)
New Investor Bonus
New investors receive 0.25% cashback on all net deposits made within the first 90 days after registration. The bonus is locked for 90 days and freely available afterwards.
I am invested with my own funds at Monefit since June 2025. Since then, I achieved a total return (XIRR) of 7,59%. My outstanding portfolio on the platform stands at 25.532 €.
Monefit SmartSaver is an investment platform from the international fintech company Creditstar, where investors can directly invest in the Creditstar Group’s loan portfolio and earn a return of up to 10.52%.
What makes the SmartSaver product stand out is its high liquidity and the ease of use when investing. For example, the platform does not allow manual or automated loan selection, which makes the overall investment experience with Monefit very straightforward. Due to these characteristics, it bears a certain resemblance to the already established Bondora Go & Grow product.
The expected return depends on the duration of the investment. By using the SmartSaver main account, which offers the highest possible liquidity, investors receive an annual percentage yield (APY) of 7.5%. In contrast, by committing to a longer investment period via the SmartSaver Vaults (up to 24 months) returns of up to 10.52% can be achieved.
Monefit SmartSaver at a Glance
All key facts and figures about Monefit SmartSaver at a glance.
In June 2024, a rather spontaneous visit to Monefit SmartSaver in Tallinn took place as part of my P2P Lending Trip through the Baltic States. My conversation partner was Kashyap Shah, CPO at Creditstar and the person responsible for the Monefit SmartSaver product. I had already spoken with him a year earlier in a conversation about the product roadmap.
The main topic of our meeting was once again transparency, specifically the lack of information regarding the performance of the underlying loan portfolio. Despite commitments made the previous year, nothing had changed in this regard.
Somewhat unexpectedly, the opportunity arose afterwards to speak with Creditstar founder and majority shareholder Aaro Sosaar. The conversation also touched on more critical topics, including the group’s transparency standards and the issues at Lendermarket at the time surrounding the licensing process and pending payments.
Monefit SmartSaver News
P2P lending is a dynamic asset class where investors should stay continuously informed. You will find the latest news on Monefit SmartSaver on my P2P lending news page, where I cover other P2P platforms as well.
03. July 2026
Creditstar Group: Record Profit; Debt and Liquidity remain Key Risks
Creditstar Group AS, the company behind Lendermarket and Monefit SmartSaver, has published its audited consolidated financial statements for 2025. The report was audited by KPMG and prepared in accordance with IFRS standards. The group generated a net profit of EUR 13.5 million in 2025. Following a slight decline in 2024, profitability has now reached a new all-time high.
At the same time, the net loan portfolio increased to EUR 482 million, while the share of P2P funding almost doubled from EUR 145 million to EUR 285 million. The company did not disclose how much of this funding is attributable to Monefit SmartSaver.
The balance sheet presents a mixed picture. Return on assets improved from 2.2% to 3.0%, while the impairment ratio declined from 15.2% to 9.7%. However, this improvement was mainly driven by substantially higher write-offs of non-performing loans, which increased to EUR 25.9 million compared with just EUR 1.8 million in 2024. On the other hand, the equity ratio declined from 19.2% to 15.6%, while the debt ratio increased from 4.2 to 5.4.
The most noteworthy aspect is the group's net debt-to-equity covenant. Under its financing agreements, this ratio must not exceed 5.0. At year-end 2025, it already stood at 4.86. If the balance sheet continues to expand in 2026 without a proportional increase in equity, the company could breach this covenant. According to Note 17 of the financial statements, such a breach would give bondholders the right to demand immediate repayment of the outstanding bonds.
With approximately EUR 90 million of bonds outstanding, this could trigger a significant liquidity shock and put the company's refinancing capabilities under considerable pressure. Given the already low liquidity ratio of 0.4, further stress could materially increase the risk of withdrawal delays or withdrawal limits for Monefit SmartSaver investors.
What ultimately strengthened Creditstar's position was its cash balance of EUR 46.8 million, which increased significantly from EUR 6.6 million at the end of 2024, partly as a result of a new bond issuance.
Overall, investors with a conservative investment approach should monitor these developments closely and carefully assess whether potential liquidity restrictions would be acceptable within their own portfolios.
Alternatively, you can subscribe to my Telegram channel or WhatsApp group (both free of charge) to receive real-time updates as soon as new developments emerge.
Shareholder and Management
Who are the main shareholders and management executives of Monefit SmartSaver? Let’s have a look!
Shareholder
Who owns Monefit SmartSaver? Monefit SmartSaver operates under the name Monefit Card OÜ. A look at the Estonian company register reveals that this is a limited liability company with an equity contribution of EUR 50,000.
Monefit Card OÜ is 100% owned by the Estonian parent company “CREDITSTAR INTERNATIONAL OÜ”. This company in turn is 100% owned by the Estonian Creditstar Group AS.
The Estonian holding company is more than 50% owned by businessman Aaro Sosaar. He is the founder of both the Creditstar Group and Lendermarket. In June 2024, as part of my P2P journey through the Baltic States, I was able to meet the Creditstar founder in person for the first time.
Management
The Monefit SmartSaver team is led by Creditstar CPO Kashyap Shah, who is a manager with 20+ years of experience in the financial sector. At Monefit, he is responsible for the strategy, new implementations as well as the overall product growth.
Currently, around 10 permanent employees are working on the development of Monefit. In addition, there are shared resources with Creditstar Group as well. In my podcast with Kashyap, we talked about the origin story of Monefit SmartSaver, how transparent the product will become later on, how to ensure liquidity and when Creditstar repayments on Mintos will occur.
Sign Up and Bonus
To invest on Monefit SmartSaver, investors must meet three requirements:
A minimum age of 18 years,
A personal bank account in the European Economic Area or Switzerland,
Successful verification of identity by the SmartSaver team
Also legal entities have the opportunity to register on Monefit SmartSaver. These must also have a bank account in the EEA or Switzerland.
Monefit SmartSaver Bonus
★★★★★★★★★★(3.4)
New Investor Bonus
New investors receive 0.25% cashback on all net deposits made within the first 90 days after registration. The bonus is locked for 90 days and freely available afterwards.
A cross-platform overview with all bonus offers and cashback promotions can be found by investors on the bonus page.
Investing on Monefit SmartSaver
On Monefit SmartSaver, investors have two ways to invest their money on the platform. The first is through the main account, where the balance earns 7.5% APY with daily interest accrual. The second option is the SmartSaver Vaults, where returns of up to 10.52% can be achieved depending on the chosen time frame.
The following sections provide more information on investing through the SmartSaver platform.
Main Account
Investing on Monefit SmartSaver is as simple as on Bondora Go & Grow. All that is required is to deposit funds and select the desired term. The platform does not offer an Auto Invest configuration or manual loan selection.
In the background, the platform automatically invests in a broadly diversified loan portfolio of the Creditstar Group. Investors do not have direct visibility into the individual loans they are acquiring. What can be said about the loans is that they are unsecured consumer loans from the EEA. Possible borrower countries include Estonia, Finland, Sweden, Czech Republic, Denmark, Poland and the UK.
Funds in the main account accrue daily interest at an annual percentage yield (APY) of 7.5%. The minimum investment amount is currently EUR 10, while the maximum investable amount is EUR 500,000.
Up to EUR 1,000 per calendar month can be withdrawn daily from the main account. Amounts above this limit are subject to a processing time of up to 10 business days. Therefore, the main account is particularly suitable for short-term use when quick liquidity is required.
SmartSaver Vault
Since March 2024, Monefit SmartSaver has offered the option to invest in “Vaults,” which are comparable to fixed-term deposits. Depending on the chosen investment period, investors can achieve different levels of returns.
For a 6-month term, investors are offered a return of 8.33% APY, while a 12-month term provides 9.42% APY. Additionally, there are Vaults with an 18-month term offering 9.96% APY, and Vaults with a 24-month term yielding 10.52% APY.
The minimum investment amount for SmartSaver Vaults is currently EUR 100, while the maximum investable amount is EUR 500,000. Unlike the main account, SmartSaver Vaults are particularly suited for slightly longer-term investments where a higher return is desired.
Expected Returns
The return achievable on Monefit ranges between 7.5% and 10.52%, depending on the chosen product. Through the classic Monefit SmartSaver main account, investors can earn an annual percentage yield (APY) of 7.5%.
However, higher returns can be achieved with longer-term commitments through the “SmartSaver Vaults”. A six-month term commitment yields 8.33%, a twelve-month term commitment yields 9.42%, an 18-month term commitment yields 9.96%, and a twenty-four-month term commitment yields 10.52%.
Monefit has reserved the right to make possible adjustments to their offered interest rates in the future.
Costs and Fees
The use of Monefit SmartSaver is completely free of charge for investors. This applies to registration, investing as well as deposits and withdrawals.
Alternative Savings Account
Monefit SmartSaver meets many of the criteria that can be compared to a traditional savings account. These include features such as an open-ended term, no notice period, and the possibility of daily interest rate adjustments.
Daily accessibility is somewhat limited, as SmartSaver allows only up to EUR 1,000 per calendar month to be withdrawn daily. Amounts above this are subject to a processing time of up to 10 days. Additionally, liquidity could deteriorate during economic turbulence (see partial withdrawals with Bondora Go & Grow).
On the positive side, Monefit SmartSaver offers significantly higher interest rates. Even though the 7.5% annual return is not guaranteed, it is still far above the typical rates offered by savings accounts in Europe.
The trade-off for this higher return is reduced security. While savings accounts in Germany are protected by a deposit insurance of up to EUR 100,000, no such protection exists with Monefit SmartSaver. Furthermore, the Creditstar Group does not provide any additional guarantees to secure investors’ capital.
Conclusion: Monefit SmartSaver is not a traditional savings account, but it can be seen as an alternative with an expanded risk-return profile.
Liquidity
Monefit SmartSaver markets itself strongly on offering high liquidity, allowing investors to access their funds promptly. In November 2025, the platform introduced two new product updates that further improve liquidity and the predictability of withdrawals.
Instant Withdrawals: Investors can withdraw up to EUR 1,000 per calendar month immediately from their SmartSaver main account. For amounts over EUR 1,000 per month, a processing time of up to 10 business days still applies.
Scheduled Withdrawals: Investors can schedule withdrawals up to 365 days in advance. Both one-time and recurring withdrawals can be prepared in this way.
There is currently no fee charged for withdrawals on Monefit SmartSaver.
Important: When making a withdrawal, only bank accounts that have previously been used to deposit money can be selected. If the desired bank account is not available, funds must first be deposited from that account.
Monefit SmartSaver Taxes
Generally, interest income generated by loan financing is considered investment income and thus must be reported as such at the tax declaration.
Unlike other platforms, Monefit SmartSaver does not withhold taxes through interest income such as in Latvia or Lithuania.
Monefit SmartSaver Risks
Anyone looking to invest in Monefit SmartSaver must be aware of the risks associated with the investment product. But what are these risks? And how can they be assessed? More details are provided in the following sections.
Platform Risk
Monefit, operated by Estonia-based Creditstar Group, officially launched in November 2022. In its domestic market Estonia, Monefit is not subject to any supervision or oversight by a financial or regulatory authority. There is neither an investor compensation scheme nor any regulatory requirement for compliance or transparency standards.
Safety Score
Rank 23 of 29
2.8/ 10High Risk
Regulation and Licensing0 / 15
Financial Stability0 / 20
Transparency and Disclosure
3 / 15
Loan Portfolio and Investor Losses
10 / 25
Track Record and Crisis Behaviour
15 / 25
Red Flags 0
No Red Flags present.
The Safety Score assesses platform risk only. Lender risks and country-specific risks are not covered and must be evaluated separately.
Incoming payments are transferred to an account held by “Monefit Investments OÜ” with Wise Europe S.A. Whether and how investor funds are kept separate from the platform’s own operating funds has not yet been publicly communicated.
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
Investments made through Monefit SmartSaver are used exclusively to finance the loan portfolios of Creditstar Group’s international lending entities. Investors should therefore familiarize themselves with the group’s financial stability before investing.
In the past, the Creditstar Group has not always been able to fulfill the promised buyback guarantees on Mintos and Lendermarket on time.
This is mainly due to Creditstar’s rather aggressive approach to debt financing, which has led to volatility in securing external funding and, in turn, to delays in repayments to investors. It is likely for this reason that Monefit SmartSaver was introduced as an additional and more cost-effective funding source.
From an investor’s perspective, this aspect should not be overlooked, especially since Monefit SmartSaver is heavily marketed on the basis of high liquidity. While payouts have so far been made on time, investors should be aware that liquidity may not always be guaranteed at all times.
So far, Monefit SmartSaver has not provided detailed information on the performance of the underlying loan portfolio.
As a result, important data is missing to properly assess and evaluate the risk profile of Monefit SmartSaver.
In the past, the Creditstar CPO promised that a report with transparency KPIs would be made available in the future. However, this report has not yet been published. Interested investors should therefore examine the development of the Creditstar Group very carefully.
Advantages and Disadvantages
In this section, I have listed the most important advantages and disadvantages of Monefit SmartSaver.
Advantages
✅Track Record: Operational since 2022
✅Losses: No capital losses for investors on the platform to date
✅Liquidity: Early exit possible
✅Parent Company: Supported by a large and established company (Creditstar)
✅Costs: No fees or costs for investors
✅Stability: All withdrawal requests have been processed within 10 days
Disadvantages
⚠️Regulation: No investment license or control by a financial supervisory authority
⚠️Transparency: No or only unaudited financial reports available
⚠️Conflicts of Interest: Shareholder overlaps between platform and lenders
⚠️Black Box: No public performance metrics for the loan portfolio available
⚠️Security: No guarantee or investment protection
Summary Monefit SmartSaver Review
What is the final verdict of this Monefit SmartSaver review?
The two main selling points of Monefit SmartSaver are its ease of use and high liquidity. For investors who do not want to engage deeply with P2P loans, looking for alternatives similar to Bondora Go & Grow, Monefit SmartSaver can be a possible option. The same applies to investors who prioritize liquidity and the fast availability of invested funds.
In general, a return of only 7.5% for short-term, unsecured consumer loans does not represent an adequate risk-return ratio, especially since Monefit provides no protection or guarantee for the advertised returns.
Another aspect to watch is Monefit’s payment behavior. Due to the frequently used credit lines, delays have often occurred on marketplaces like Mintos or Lendermarket. If there is a higher demand in withdrawal requests, partial payouts would certainly not be surprising.
On a positive note, Monefit SmartSaver has fulfilled all promises regarding returns and payout timelines during its first three years of operation.
Since June 2025, I have been using the Monefit SmartSaver main account as a short-term liquidity reserve.
★★★★★★★★★★(3.4)
New Investor Bonus
New investors receive 0.25% cashback on all net deposits made within the first 90 days after registration. The bonus is locked for 90 days and freely available afterwards.
Which Monefit SmartSaver alternatives exist in the P2P lending space?
The key features of the product include easy handling, a fixed interest rate, and a high degree of liquidity. These criteria are currently offered by Bondora Go & Grow, TWINO FLEXI and Modena.
The table below is intended to illustrate the parallels and differences between the respective products.
This article contains affiliate links. If you register and/or invest through one of these links, the operator receives a commission. The compensation has no influence on the opinion or the evaluation of the platform. Potential conflicts of interest can be looked up on the “P2P Portfolio” page.
Investments in P2P loans involve risks and may result in the complete loss of the invested capital. Past performance is not a reliable indicator of future developments. The following content is provided for informational purposes only and does not constitute investment advice. Despite careful research, no guarantee is given for the accuracy, completeness, or timeliness of the information provided. No liability is accepted for any financial losses or investment decisions made based on the information presented here. For more details, see the full disclaimer.
FAQ Monefit SmartSaver Review
✅ What is Monefit SmartSaver?
Monefit SmartSaver is an investment platform by fintech company Creditstar, where investors can invest directly in the Creditstar Group’s loan portfolio. Returns range from 7.5% (main account) to up to 10.52% depending on the vault term chosen (up to 24 months).
✅ Is Monefit SmartSaver an alternative to Bondora Go & Grow?
Yes, with limitations. Monefit SmartSaver offers a higher return and more flexibility on deposits. However, Bondora Go & Grow is the better option in terms of liquidity, as it allows unlimited daily withdrawals without restrictions.
✅ Is Monefit SmartSaver regulated?
No. Monefit SmartSaver is not supervised by any financial or regulatory authority. There is also no deposit protection scheme. The invested capital is not guaranteed and can be lost in full in a worst case scenario.
✅ How liquid is Monefit SmartSaver?
Via the main account, up to €1,000 per calendar month can be withdrawn immediately. For larger amounts, a processing time of up to 10 working days applies. Vault investments are locked for the chosen term of 6 to 24 months.
✅ Is there a bonus for signing up with Monefit SmartSaver?
Yes. New investors registering via my affiliate link receive a €5 starting credit plus 0.25% cashback on all net deposits made within the first 90 days.
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.
Credistar currently offers loans with a 15.5% yield on Mintos and I even managed to buy some at 17.5%. If the risk with Moneyfit vs Loans is the same, guess that investing on their loans on Mintos is safer.
thanks for commenting and sharing your view. Everything involving Creditstar is a bit of a gamble. But your are right, if you commit to it, then you might as well go for the high-yield option in exchange for a bit less liquidity.
Both Monefit and Creditstar have huge bad history on Lendermarket, where investor money are locked for longer 6month. Before that Creditstar had issues for several month on Mintos. So they are not a kind of entrepreneurs who value investor money and are responsible for promises. Good luck to investors who is still trusting in them.
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Monefit SmartSaver is an investment platform from the international fintech company Creditstar, where investors can directly invest in the Creditstar Group’s loan portfolio and earn a return of up to 10.52%.
The main topic of our meeting was once again transparency, specifically the lack of information regarding the performance of the underlying loan portfolio. Despite commitments made the previous year, nothing had changed in this regard.
The Monefit SmartSaver team is led by Creditstar CPO Kashyap Shah, who is a manager with 20+ years of experience in the financial sector. At Monefit, he is responsible for the strategy, new implementations as well as the overall product growth.
In the background, the platform automatically invests in a broadly diversified loan portfolio of the Creditstar Group. Investors do not have direct visibility into the individual loans they are acquiring. What can be said about the loans is that they are unsecured consumer loans from the EEA. Possible borrower countries include Estonia, Finland, Sweden, Czech Republic, Denmark, Poland and the UK.
However, higher returns can be achieved with longer-term commitments through the “SmartSaver Vaults”. A six-month term commitment yields 8.33%, a twelve-month term commitment yields 9.42%, an 18-month term commitment yields 9.96%, and a twenty-four-month term commitment yields 10.52%.
This is mainly due to Creditstar’s rather aggressive approach to debt financing, which has led to volatility in securing external funding and, in turn, to delays in repayments to investors. It is likely for this reason that Monefit SmartSaver was introduced as an additional and more cost-effective funding source.
Credistar currently offers loans with a 15.5% yield on Mintos and I even managed to buy some at 17.5%. If the risk with Moneyfit vs Loans is the same, guess that investing on their loans on Mintos is safer.
Hi Lavinia,
thanks for commenting and sharing your view. Everything involving Creditstar is a bit of a gamble. But your are right, if you commit to it, then you might as well go for the high-yield option in exchange for a bit less liquidity.
Best, Denny
Both Monefit and Creditstar have huge bad history on Lendermarket, where investor money are locked for longer 6month. Before that Creditstar had issues for several month on Mintos. So they are not a kind of entrepreneurs who value investor money and are responsible for promises. Good luck to investors who is still trusting in them.
The tie from Monefit to Lendermarket comes via Creditstar. Apart from that, you are right with your conclusions. Thanks for sharing.