P2P Lending Update: June 2026

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).

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P2P Portfolio Update: June 2026

Here is the current state of my personal P2P lending portfolio as of the end of May 2026.

Income

In May 2026, I generated 1,677 euros in income from my outstanding P2P lending portfolio. That represents, historically speaking, the fourth-highest income I have achieved with my P2P portfolio in eight and a half years.

New personal best results for individual P2P platforms were achieved last month at PeerBerry with 413 euros and at TWINO with 120 euros.

Performance

The best overall performance in my P2P portfolio currently comes from Nectaro at 16.5%. The reason for this above-average return is my more active investment approach, which is geared towards the various bonus campaigns. In second place is Debitum with 13.7%, followed by Afranga and my Mintos bonds, both at 13.1%.

Also positive: 9 out of 13 platforms in my P2P portfolio currently show double-digit returns, with Bondora Go & Grow and Monefit SmartSaver also included.

The bottom performer in my returns table is Estateguru at -1.7%.

Transactions

Last month, there were a total of five new transactions in my P2P portfolio.

Deposits: EUR 7,000

• Monefit SmartSaver: My liquidity-focused position at Monefit SmartSaver was increased by 5,000 euros last month.
• LANDE: At LANDE, 2,000 euros were newly invested last month. The portfolio performance remains stable, and the platform has recently made significant improvements again in communication and transparency. My focus is on Latvian and Lithuanian loans secured by land.

Withdrawals: EUR 2,505

• Debitum: At Debitum, 2,000 euros from repaid loans were withdrawn. More than two months after my updated LFDF article, there is still no meaningful progress regarding an independent review of the transaction prices.
• Esketit: My withdrawals from Esketit are also continuing for now. Thanks to new loan repayments, a further 500 euros could be withdrawn.
• Mintos: At Mintos, I withdrew the full coupon repayments from my Esto bond (105 euros).

Overall, the net deposit and withdrawal balance for the previous month amounted to a positive EUR 4,395.

P2P Portfolio

The value of my outstanding P2P portfolio increased in May 2026 from 199,963 euros to 206,034 euros. This means the 200K mark has now been broken through for the third time already. I am confident that the 250K mark can now be targeted.

The liquidity-focused portion of my P2P portfolio, consisting of Bondora Go & Grow and Monefit SmartSaver, accounted for 42,347 euros (20.5%) of this.

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P2P Lending News: June 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.

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PeerBerry: Interest Rate Increases | New Loan Originator | Verdict After 5 Years

PeerBerry has seen many new developments in recent weeks. The platform now manages a portfolio of more than 130 million euros for the first time, new loan originators have been presented, and interest rates have also been raised again after a longer period. Here is an overview of all the important PeerBerry news from recent weeks.

Interest Rate Increases

Thanks to rising loan volumes from existing business partners and the continued expansion of the Aventus Group, the growth trajectory on PeerBerry continues. In May alone, nearly EUR 36 million in loans were funded, representing a 35% increase compared to the previous month.

A recent announcement shows that the growth is far from being over. Starting today, interest rates on selected loan originators have been increased to 10%. The primary goal is to support the growth of some of the newer loan originators on the platform.

• SmartCredito (Spain): 10% (+1%)
• RealCredito (Spain): 10% (+1%)
• Lendi (Argentina): 10% (+1%)
• Prestamo365 (Peru): 10% (+1%)
• Credito365 (Mexico): 10% (+1%)
• Credito365 (Colombia): 10% (+1%)

New Loan Originator From Colombia

PeerBerry has added another new loan originator to its marketplace: TU AMIGO SIEMPRE S.A.S., which operates under the brand name TuParcero. The short-term loans are currently offered with an annual return of 10% and are backed by both a buyback guarantee and a group guarantee issued by the Aventus Group.

Within the first few days, investors have already funded approximately EUR 80,000 in loans from the new lender. At this point, it is still too early to draw any conclusions regarding long-term performance, as the company was only established and started operations this year.

Growth, Expansion and 5-Year Verdict

Decreasing interest rates, a stagnating portfolio and plenty of cash drag for investors: Measured against the standards and expectations that surround PeerBerry, 2025 was an average year at best. My annual rating reflected that, awarding only 8 out of a possible 15 points.

But in 2026, the tide has turned noticeably. The Aventus Group is expanding, interest rates are rising and the portfolio is growing again. In my latest article, I look back at how my personal portfolio at PeerBerry has developed over the past five years, and I dig into several statements from Aventus CEO Andrejus Trofimovas, who responded to my questions on the group’s growth strategy, its market selection for the expansion, and the financial stability behind the group guarantee.

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Income Marketplace: Annual Report 2025 | Virtus Lending

At Income Marketplace, the growth trend of recent months has also continued. The platform has now reached an outstanding portfolio of 30+ million euros for the first time. In recent weeks, the focus has been particularly on the 2025 annual report, and several loan originators like Virtus Lending, that have also published their financial results for the previous year.

Income Company OÜ Financial Report 2025

Income Marketplace has now published its financial results for 2025 as well. The figures are largely in line with expectations and contain no major surprises. As assets under management increased from EUR 19.1 million to EUR 24.8 million, revenue also grew by nearly 37% to EUR 693,000. At the same time, operating expenses changed only marginally, allowing the annual deficit to be reduced to EUR 438,000. Accumulated losses now amount to approximately EUR 3.4 million.

According to CEO Lavrenti, Income Marketplace would need to reach a portfolio size of around EUR 34 million (currently just under EUR 30 million) in order to achieve profitability on a monthly basis. Until then, the shareholders remain willing to cover the annual deficit with their own funds. For me personally, the latest financial results do not change my personal investment on the platform.

Virtus Lending: Second Biggest Pillar on Income Marketplace

Just over a year ago, the Kosovan lender Virtus Lending was added to Income Marketplace and has since financed an impressive EUR 10 million in loans. The outstanding portfolio currently stands at EUR 4.7 million, making it the second-largest position on the Estonian marketplace. I’m also personally invested in Virtus loans with approximately EUR 3,500.

According to the latest information, here is a brief assessment of the 2025 business figures that were recently shared. On the positive side, operating revenue has risen 61% to approximately EUR 2.3 million, while net profit has also increased by 57% to EUR 372K. Virtus has now been profitable with growing profits for the third consecutive year, although on a relatively small level.

The growth of the net loan portfolio, from EUR 7.8 million to EUR 11.8 million, is primarily driven by debt financing. The debt ratio has climbed to a new high of 7.0, while the equity ratio has remained almost unchanged at 11.4%. The liquidity ratio of just 0.5 further illustrates how thinly stretched Virtus Lending is.

An encouraging sign is the quality of the loan portfolio. The impairments ratio currently stands at just 2.9%. The reporting standard also deserves positive mention as the financial statement was prepared by BDO and audited in accordance with IFRS standards.

In my internal lender rating, which looks at financial stability in isolation, Virtus Lending has improved its score to 68 points, corresponding to an above-average mid-tier rating. Only ITF Group and Autofino have a higher overall score on Income Marketplace.

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Mintos: Update on Payment Delays at Nera Capital

As in the previous portfolio update covered, interest payments on Nera Capital loans have been suspended since March 26. The reason behind this is the ongoing solvency reviews conducted by the UK’s Solicitors Regulation Authority (SRA) concerning the law firms that Nera Capital works with.

Mintos has now communicated that the scheduled principal repayments due on May 20 were not made, and that further repayment delays are expected. It was also clarified that the SRA review is focused on a specific group of UK law firms handling high case volumes, not the entire litigation finance sector, as originally communicated by Nera Capital.

According to Mintos, active negotiations are currently underway with Nera Capital, the law firms, and other financiers to protect the ongoing legal cases. A restructuring of the loan terms is therefore a realistic possibility. However, a full resolution is not expected in the short term, as the resumption of payments will depend heavily on the completion of the SRA review. More than EUR 60 million of investor funds are affected.

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Nectaro: CreditPrime Romania Remains Best Choice

98% of my investments on Nectaro are allocated to the Romanian loan originator ECOFINANCE IFN S.A., which, according to my own analysis, has the strongest financial stability on the marketplace (Score: 86 out of 100) and also ranks among the top 10 loan originators across all P2P platforms. How does this assessment change in light of the latest 2025 financial statements?

In short: Not much. The company reported profit growth for the fifth consecutive year (EUR 3.58 million in 2025), while most other key metrics remained broadly in line with the previous year. The only notable change is that loan portfolio impairments increased from 9.8% to 11.7%, resulting in a slight reduction of the overall score to 82 points.

Important: As in the previous year, the financial statements were audited by FORVIS MAZARS, a top-10 global audit firm, and prepared in accordance with IFRS standards. The figures therefore carry a reasonable degree of credibility.

As part of Nectaro’s “Summer Splash” campaign, I invested an additional EUR 5,000 with the Romanian loan originator. As a result, the total value of my Nectaro investment has now increased to just under EUR 20,000.

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TWINO: Fincard Profits | Regulation in Poland | UOKiK Allegations | Crypto Assets

A lot has been happening in recent weeks with TWINO loan originator Fincard. On one side, new and impressive record profits of more than 10 million euros; on the other, allegations from Poland’s consumer protection authority and a possible fine in the mid-millions range. All relevant TWINO news are summarised here.

Fincard Reports EUR 10.3 Million Profit in 2025

The Polish company Fincard is currently facing the next wave of regulatory changes. While the final implementation of the new European CCD II framework remains uncertain, the company’s financial stability appear stronger than ever before. According to the IFRS-based audit by BDO, Fincard generated a net profit of EUR 10.35 million in 2025. This marks the third consecutive year of profitable operations with increasing earnings.

At the same time, nearly all key balance-sheet metrics improved slightly, including the equity ratio (42.5%), the debt ratio (1.35), the liquidity ratio (1.74), and the loan impairments (9%). The only metric that deteriorated marginally was return on assets, which declined from 5.3% to 4.7%. While this is far from alarming, it resulted in a slight reduction of the overall score from 83 to 81 points.

Regulation in Poland

The upcoming regulatory changes in the Polish consumer lending market, driven by the Europe-wide implementation of the new CCD II Directive, are beginning to take shape. According to #TWINO, the Polish authority previously responsible for overseeing the implementation process has now been removed from the procedure due to concerns regarding excessive regulation and the quality of the implementation process.

As a result, it is currently unclear which institution will assume responsibility for the further implementation of the directive. Although the European Commission’s deadline remains set for November 2026, it is becoming increasingly likely that Poland will request an extension for the implementation.

UOKiK Allegations Against Fincard: Up To EUR 5.3M Fine?

On 16 June 2026, the Polish Office of Competition and Consumer Protection (UOKiK) made proceedings against TWINO lender Fincard public, concerning the circumvention of regulations on the maximum interest rate for consumer credit.

The specific allegation is that Fincard charged an additional commission for the use of the credit limit, which, according to UOKiK, effectively constitutes hidden additional interest, thereby circumventing the regulations limiting the maximum interest rate. A potential fine of up to 10% of the annual turnover is at stake, which would amount to approximately EUR 5.3 million. For context, this is currently an ongoing proceeding, not a final decision or a legally binding fine.

TWINO CEO Nauris Bloks has already issued extensive statements on the allegations. According to him, the pricing model dates back to 2024 and has since been adjusted for business reasons; the Polish financial supervisory authority (KNF) has never raised any objections regarding the pricing model; penalties would typically range between 2 and 3% of the turnover; any potential fines would be contested in court (a process that could take up to three years); and operational effects on the portfolio, growth, or investor payouts at TWINO are ruled out.

TWINO Receives MiCA License

The Latvian central bank has granted TWINO authorization to provide crypto-asset services under the European Union’s Markets in Crypto-Assets (MiCA) regulation. MiCA represents the world’s first comprehensive regulatory framework for crypto assets and is designed to establish clear investor protection rules and increase market transparency.

Just a few weeks after the launch of FLEXI, TWINO is once again expanding its product offering. Specific details regarding the new crypto-related services have not yet been disclosed, but further information is expected in the coming weeks.

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Afranga: New Asset Class (Real Estate Loans)

Afranga has expanded its product offering and now also features real estate loans on the platform. The first project (Modern Housing; Ovcha Kupel) targets a return of 9% p.a. with a term of 12 months. Monthly payouts are to be processed via SaveSmart.

Additionally, an early exit option (Quick Liquidity) has been announced for real estate investments, though it is not yet available.

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LANDE Financial Report 2025

LANDE has shared its financial results for 2025. The report, prepared as in the previous year by the Latvian firm Orients Audit & Finance, was not audited under IFRS standards but prepared under local GAAP.

According to the latest figures, LANDE generated a profit of EUR 206,485 in 2025. This means the Latvian P2P platform has been profitable for the second consecutive year, with a slight increase compared to 2024 (EUR 196,742).

The balance sheet metrics also remain strong. Despite minor deterioration compared to the previous year, the equity ratio (61.7%), liquidity ratio (1.93), and debt ratio (0.62) are still within a healthy and conservative range.

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Esketit: Mojo Capital Profitable, But Transparency Remains Limited

Mojo Capital, an Esketit loan originator that provides business financing to other fintech companies associated with Esketit’s founders, has published a small set of financial figures for 2025.

The net loan portfolio increased from EUR 1.2 million to EUR 12.9 million. At the same time, the company reportedly generated a net profit of EUR 388,000 during its first full financial year. Based on reported revenue of EUR 2.18 million, this corresponds to a profit margin of roughly 17.8%.

Beyond these headline figures, however, there is very little information available to assess the company’s financial stability. No balance sheet, no equity position, no cash flow statement, and no independent auditor’s opinion have been disclosed. As a result, the two-page marketing flyer does not provide a sufficient basis for a meaningful lender assessment. The overall score in my rating model has decreased from 32 to just 9 points.

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Lendermarket: 11% for SME Loans via Flowpay

With Flowpay, Lendermarket has added a new loan originator to its marketplace. The company, founded in 2021, focuses on SME financing solutions in the CEE region. On Lendermarket, Flowpay loans are offered with interest rates of up to 11%, maturities of up to 12 months, and a buyback guarantee.

One highlighted aspect is that Flowpay’s risk assessment is based on an AI-driven model. The underlying database reportedly includes more than 30,000 companies and over 1,000 data points per borrower. In this context, performance metrics regarding the historical quality of the loan portfolio would have been particularly interesting. However, such data has not been disclosed.

What can be assessed, however, is the financial stability of the loan originator. The low debt ratio (0.95) can be highlighted positively, as well as the fact that the company has been profitable over the past two years, albeit on a small scale. On the other hand, the equity ratio is extremely low (4.7%), portfolio quality metrics are missing, and all published financial statements are unaudited.

Compared to the risk-return profiles of other Lendermarket loan originators, Flowpay would currently rank rather low in terms of attractiveness.

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Ventus Energy: Restructuring | BaFin Risk

Triggered by an order from BaFin, the “energy bubble” at Ventus Energy has burst. What follows is a restructuring process in which the assets are to be sold to potential interested parties. In this context, it is particularly interesting to understand the background to BaFin’s decision and which other P2P platforms might now potentially be affected by this BaFin risk.

Ventus Energy Announces Restructuring

Ventus Energy has informed its investors that it will cease normal business operations and initiate a court-supervised restructuring process. According to the company, three factors triggered this decision: The order issued by BaFin that was prohibiting the acceptance of funds from German investors and requiring an orderly repayment or wind-down process for affected investors; severe disruptions to banking and payment infrastructure which has affected day-to-day payment operations; and what the company describes as “targeted disruptive activities” which allegedly resulted in criminal proceedings in Estonia.

For investors, the implications are significant: No more new loans will be offered through the platform, interest payments have been suspended, and the Early Exit function has been frozen. Withdrawals of account balances are expected to be processed “as soon as reasonably practicable”, subject to compliance requirements and the restructuring proceedings. In practical terms, withdrawals are blocked for the foreseeable future and there is currently no binding repayment date.

The repayment of outstanding loans is expected to be funded entirely through the structured sale of the company’s energy assets, including Heat & Electricity, Wind & BESS, Solar & BESS, and other infrastructure projects. A comprehensive repayment plan, including different scenarios and timelines, is expected to be presented by July 10, 2026.

BaFin Stops Ventus Energy: Which P2P Platforms Are Now At Risk?

Ventus Energy is history. The BaFin order of 5 May 2026, which required the platform to immediately cease and wind down the deposit business it had been operating without authorisation, has set off a chain reaction. A question that I have been asked fairly often since then: Which other P2P platforms might now be affected as well?

To answer this, I first took a close look at the precise allegations against Ventus Energy and then analysed the contractual structures and user agreements of various platforms. My latest article is an attempt to answer how investors can try to assess the “BaFin risk” themselves, and how I read the situation at Bondora, Monefit SmartSaver, PeerBerry, Income Marketplace, Devon, Asterra Estate and Triple Dragon.

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Maclear: Published Financial Figures (for 2024)

Switzerland-based crowdfunding platform Maclear has, against all expectations, now released at least some figures for the 2024 (!) financial year. Up front: My earlier criticisms continue to be confirmed. On top of that, there are also a few new and concrete warning signs. Here are the key findings.

On the formalities: According to the CFO’s letter, the report is “in the final stage of audit”. So, this is yet another audit announcement, just like the one in 2023 involving BlueAudit, which was never followed through. Once again, all that exists is a self-prepared, unaudited draft. According to the figures, Maclear posted a net loss of CHF −122,941 in 2024. This reflects a similar loss level as for 2023 (CHF −118,379). Despite a capital increase of CHF 55,000, equity fell from CHF −19,085 to CHF −87,026. The CFO frames this as the “cost of growth”, whereas the balance sheet simply says: Negative equity, effectively balance-sheet over-indebtedness.

But it only gets really interesting now. According to Maclear, borrowers paid CHF 464,322 in interest. Investors, by contrast, received CHF 530,266 in interest plus CHF 297,583 in bonuses. The platform therefore pays investors around CHF 363,527 more than it collects from borrowers in interest, covering the gap from commission and onboarding fees.

Normally, the interest charged to borrowers is higher than the interest paid to investors. This inversion, combined with cross-subsidization through a steady stream of new onboarding fees, is the profile of a model that only works as long as growth continues. The wording that borrowers’ payment discipline does “not always exactly” match the schedule is a thinly veiled confirmation of payment delays. These are concerns I had already laid out in detail in my Maclear review.

The CFO also claims that borrowers hold assets to repay their loans. My research has shown that quite the opposite has been the case in the past (Transbaltika: Fixed assets of EUR 72,569, no truck purchased; Estlat: No tangible assets; TLMET: No plasma cutter). If loans are nevertheless “repaid” even though the debtors have neither revenue nor collateral, then the negative spread suggests that the funds come from new investor money and fees, rather than from the borrowers’ operating cash flow.

In this context, it also seems notable that Maclear has set aside a reserve of only CHF 195,456 for possible loan losses. That corresponds to just around 2% of the loan portfolio outstanding at the end of 2024. Given the inflated valuations and missing collateral documented across several projects, this coverage appears extremely low. Any impairment beyond the reserve would, however, further worsen the already negative equity.