Posted by The portfolio update has been a regular format on my blog since January 2019. On a monthly basis, investors get an honest and transparent look at the latest developments in my personal P2P lending portfolio, including income, performance, transactions, and portfolio value.
I also cover changes and developments at various platforms within the P2P market. Anyone who wants to look more closely into individual platforms will find detailed analyses in my p2p platform reviews page. Current cashback promotions and bonus offers are summarized on my bonus page.
For up-to-date information, I recommend following my news page. There, I share timely reactions, evaluations, and assessments as soon as new developments occur. Alternatively, you can also subscribe to my telegram group or my whatsapp channel (both free of charge).
P2P Portfolio Update: July 2026
Here is the current state of my personal P2P lending portfolio as of the end of June 2026.
Income
In June 2026, my outstanding P2P lending portfolio generated EUR 1,424 in income. This marks the lowest monthly income of the year so far. At the same time, several platforms reached new personal record highs in terms of interest income: EUR 429 from PeerBerry, EUR 131 from TWINO, and EUR 121 from LANDE.
Performance
The best overall performance in my P2P portfolio currently comes from Nectaro with a return of 15.9%. The reason for the above-average performance is my more active investment strategy, which is specifically designed to take advantage of the platform’s various bonus campaigns.
Second place is held by Debitum with 13.7%, followed by Afranga with 13.0% and Income Marketplace with 12.7%. At the bottom of my performance ranking remains Estateguru with a return of -1.7%.
Transactions
Last month, there were a total of four new transactions in my P2P portfolio.
Deposits: EUR 10,000
- Monefit SmartSaver: My liquidity-focused position in Monefit SmartSaver was increased by a further EUR 5,000 during the previous month.
- Nectaro: As part of the “Summer Splash” campaign, I also invested an additional EUR 5,000 in Nectaro. The resulting bonus of EUR 171.96 was credited to my account in July.
Withdrawals: EUR 8,500
- Bondora Go & Grow: EUR 6,000 were withdrawn from Bondora Go & Grow for private purposes.
- Debitum: A further EUR 2,500 was withdrawn from Debitum. More than three months after my updated LFDF article, there has still been no significant progress regarding an independent review of the transaction prices. Debitum’s interest in this matter also appears to be rather limited. As can be seen, investments continue to be made actively regardless. For me, this means a renewed exit from the platform in the future.
Overall, the net deposit and withdrawal balance for the previous month amounted to a positive EUR 1,500.
P2P Portfolio
The value of my outstanding P2P portfolio increased in June 2026 from 206,034 euros to 208,958 euros. The liquidity-focused portion of my P2P portfolio, consisting of Bondora Go & Grow and Monefit SmartSaver, accounted for 41,565 euros (19.9%) of this.
P2P Lending News: July 2026
Next up, a summary of the most important events and developments that have recently happened in the P2P lending industry. Details on loan originator developments can be found on my lender overview and comparison page.
PeerBerry: Eight Consecutive Years of Profitability
PeerBerry has published its 2025 Annual Report. As in previous years, the financial statements were not audited by an external audit firm and were prepared under Croatian accounting standards, which limits their comparability and overall informational value.
Operationally, PeerBerry completed its eighth consecutive profitable financial year. The platform reported a net profit of EUR 14,896 in 2025, representing a significant decline compared to EUR 579,135 in 2024.
While revenue remained almost unchanged at EUR 2.49 million, the lower profit was primarily driven by a EUR 671,149 increase in other external expenses. According to PeerBerry, these costs were related to the development of two projects outside the P2P platform (a gaming marketplace and a virtual card app).
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.
Aventus Group: EUR 49.1 Million Profit in the First Half of 2026
The Aventus Group has released selected financial figures for the first half of 2026. According to the company, it originated EUR 851.6 million in new loans, while its loan portfolio grew to EUR 468.7 million by the end of June. The group also reported a net profit of EUR 49.1 million.
These figures suggest that the costs associated with the group’s growth strategy have remained well under control despite its ongoing international expansion. If the second half of the year develops at a similar pace, Aventus could potentially surpass its previous record annual profit of EUR 95.7 million.
Bondora Group: EUR 9.5M Record Profit; Unquantified One-Off Effect!
Bondora has published its long-awaited 2025 Annual Report, once again audited by KPMG and prepared in accordance with IFRS standards. The figures are highly impressive. Revenue increased by 19% to EUR 62.7 million, the loan portfolio grew by 16% to EUR 697 million, and net profit almost eightfold to a record EUR 9.5 million. The balance sheet remains equally strong. The equity ratio (74.7%), debt ratio (0.34), and liquidity ratio (3.18) are all within strong and healthy levels.
The exceptional increase in profit – and consequently some of the financial ratios – have been supported by a one-off transaction with Bondora selling a portfolio of non-performing Finnish loans to an institutional investor. While a part of the purchase price will only be received over the next three years (recorded as a EUR 2.65 million long-term receivable on the balance sheet), Bondora appears to have already credited investors with the full amount of the sale proceeds.
The annual report does not disclose how much this one-off transaction contributed to the group’s total profit. This should not diminish Bondora’s achievement, but without knowing the exact size of the one-off effect, it is impossible to determine the company’s underlying recurring earnings with precision.
TWINO: New Auto-Invest Limits
TWINO has updated its MiFID II suitability limits, which had last been reviewed in 2023. The new thresholds are based on the latest Eurostat data on average salaries across the European Union. Depending on the result of your Suitability Test, the following Auto-Invest/FLEXI limits now apply:
- Level 1: Auto-Invest / FLEXI not available
- Level 2: EUR 3,500
- Level 3: EUR 21,000
- Level 4: EUR 42,000
- Level 5: Unlimited
Manual investments are not affected by the new limits, as they apply exclusively to the Auto-Invest and FLEXI features. Investors may also be able to unlock a higher limit by completing the suitability questionnaire again and achieving a higher suitability level.
INDEMO: Launch of Dynamic Portfolio Revaluation
INDEMO has launched a new feature called “Dynamic Portfolio Revaluation”, designed to provide investors with a more up-to-date and indicative view of their active portfolio. The feature combines several dynamic portfolio metrics, including the estimated portfolio value, Indicative Reprice, estimated profit, and Indicative ROI.
According to INDEMO, the new functionality is intended to help investors better understand both the current value of their portfolios and the pricing logic that may influence future valuations. Building on this feature, the company also plans to launch its previously announced secondary market later this year.
Loanch: Why I’m NOT Investing!
Few P2P platforms are currently being promoted as aggressively on YouTube as Loanch. The marketing is heavily focused on cashback campaigns, platform visits, “yield hunter” narratives, and a framing that concerts risks into an opportunity. Hence, my latest review takes a detailed look at the risk profile of Loanch, and how much substance lies behind a company that is often promoted as a “cash cow”.
To put it bluntly: The contrast between the largely affiliate-driven marketing and my own risk assessment could hardly be any bigger. If you are looking for an honest, data-driven evaluation of Loanch, check out my latest review.
7Harvests: Former Hive5 CEO Launches Swiss P2P Platform
A new P2P platform, 7Harvests, has entered the market. According to the company, investors can finance consumer, SME, and real estate loans from multiple countries with a minimum investment of EUR 50. The platform advertises returns from 15%, alongside loyalty and referral bonuses of up to 3%.
Warning Sign #1: 7Harvests often markets itself as “Swiss regulated” on its homepage. However, the fine print in the footer states that its VQF membership application (a Swiss self-regulatory organization, short “SRO”) is still pending. This appears to be a similar approach to Maclear, potentially allowing the platform to operate without obtaining a European Crowdfunding Service Provider (ECSP) license.
Warning Sign #2: The founder and Chairman of 7Harvests is Ricardas Vandzinskas. He joined Aventus Group as CFO in 2020 but left the company before completing his probation period. He later became the CEO and co-founder of Hive5, where he owned a 35% stake. During his tenure at Hive5, the platform was associated with publicly misleading statements regarding profitability, paid Trustpilot reviews, and legal action against critical reporting. In 2025, his shares were sold to Ruptela Group, the company controlled by Hive5’s majority shareholder, Andrius Rupšys.
Conclusion: Beyond its very limited operating history, the existing warning signs should be viewed as important indicators of the platform’s overall risk profile. As a result, an active promotion or monetisation of 7Harvests via re:think P2P is categorically ruled out.
NEW: The re:think P2P Risk Score
How risky is a P2P platform? That is a complex question that cannot be answered in a single sentence. However, it can be analysed in a structured and systematic way. So, this is exactly what I have been doing over the past few weeks, and today I am publishing the first version of the re:think P2P Risk Score.
The goal of the new model is to make the risks of different P2P platforms comparable, enabling investors to make well-informed investment decisions instead of relying on gut feeling, marketing claims, or non-transparent recommendations.
In practice, every platform is assessed across five categories: Regulation & Licensing (15 points), Financial Stability (20 points), Transparency & Disclosure (15 points), Loan Portfolio & Investor Losses (25 points), and Track Record & Crisis Management (25 points). On the blog, you can now explore the complete methodology as well as the detailed ratings for each individual platform.
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.