Posted by Since January 2019, the P2P Portfolio Update has been a regular feature on my blog. Each month, investors receive a transparent overview of the developments in my personal P2P lending portfolio, including income, performance, transactions, and portfolio value.
Additionally, I cover potential changes or adjustments at the P2P Platforms included in my portfolio. Detailed platform analyses can be found on the P2P Platform Reviews page.
For up-to-date information, I recommend following my Telegram or WhatsApp channels, where timely reactions, evaluations, and insights are shared as soon as new developments occur.
P2P Portfolio Update: May 2026
Here is the current state of my personal P2P lending portfolio as of the end of April 2026.
Income
In April 2026, I generated EUR 1,986 in income from my outstanding P2P lending portfolio. Historically, this represents the highest monthly income I have achieved in eight and a half years of investing in P2P loans.
These new record earnings were driven by several all-time highs across individual platforms. This included EUR 450 in bond income from Mintos, Afranga contributed EUR 128, TWINO generated EUR 113 in interest repayments, and LANDE also delivered a new record with EUR 97 in returns.
Performance
The best overall performance in my P2P portfolio currently comes from Nectaro, with a return of 16.1%. The reason for the above-average return is my more active investment approach, which is specifically designed to take advantage of various bonus campaigns. In second place is Debitum with 13.8%, followed by my Mintos bonds at 13.5% and Afranga at 13.2%.
Also positive: 9 out of 13 platforms in my portfolio are currently generating double-digit returns, including Bondora Go & Grow and Monefit SmartSaver.
At the bottom of my return table is Estateguru, with a negative performance of -1.7%.
Transactions
Last month, there were a total of eight new transactions in my P2P portfolio.
Deposits: EUR 13,000
- PeerBerry: After the loan supply on the platform increased significantly again, I added another EUR 5,000 to my portfolio. This marks my first new deposit on the P2P marketplace in a year. As a result, my largest P2P position is expected to surpass EUR 50,000 next month.
- TWINO: An additional EUR 5,000 was also invested on TWINO last month. As in previous months, the new funds are exclusively allocated to Polish asset-backed securities, which offer a 12% return over a 12-month term.
- Nectaro: Last month, Nectaro launched another bonus campaign that fit my investment criteria. Due to the short notice period, I was only able to increase my investment by EUR 3,000. The EUR 66.80 in bonus payments have already been credited to my account during May.
Withdrawals: EUR 17,975.24
- Bondora Go & Grow: EUR 8,000 were withdrawn from my Bondora Go & Grow account for private expenses.
- Monefit SmartSaver: EUR 7,000 were also withdrawn from Monefit. The funds were primarily used to cross-finance longer-term investments on PeerBerry and TWINO.
- Esketit: My withdrawals from Esketit are continuing for now. Due to ongoing loan repayments, EUR 1,500 was withdrawn in April.
- Mintos: On Mintos, I fully withdrew the coupon repayments from my IuteCredit and Mintos bond positions, totaling EUR 875.24.
- Crowdpear: My exit from Crowdpear is progressing further. A total of EUR 600 in loan repayments was withdrawn last month.
Overall, the net deposit and withdrawal balance for the previous month amounted to a negative EUR 4,975.24.
P2P Portfolio
The value of my outstanding P2P portfolio decreased from EUR 202,860 to EUR 199,963 in April 2026. The “yo-yo” around the EUR 200K mark therefore continues for now.
The liquidity-focused portion of my P2P portfolio, consisting of Bondora Go & Grow and Monefit SmartSaver, amounted to EUR 37,129 (18.5%).
P2P Lending News: May 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 Introduces New Loan Originators From South America
The Aventus Group has expanded its offering on PeerBerry by adding two new loan originators from Latin America: Lendi from Argentina (founded in March 2025) and Prestamo365 from Peru (founded in January 2025).
The loans are offered with interest rates of up to 9% and come with both a buyback guarantee and a group guarantee. It was also announced that additional loan originators will be added in May to further expand the offering for the growing investor base. In April alone, another 1,133 investors joined the marketplace.
The outstanding portfolio on PeerBerry reached EUR 122.6 million at the end of the month, marking a new record level. Personally, I also increased my investment on PeerBerry by another EUR 5,000 in April. In May, the portfolio value of my largest P2P position is expected to surpass EUR 50,000.
New Growth And Rising Interest Rates On Income Marketplace
In recent months, Income Marketplace has significantly adjusted its offering and added two new loan originators to the platform: Mocasa and Pinjam Yuk.
In particular, the growth of the Indonesian loan originator Pinjam Yuk is quite impressive. Just one month after its official launch, the portfolio on Income has already increased to more than EUR 2.3 million. This clearly illustrates how large the gap was that DanaKredi (formerly Danarupiah) left behind with its short-term and high-yield loans. By comparison, DanaKredi’s outstanding portfolio, which at its peak stood between EUR 7 and EUR 8 million, has now declined to around EUR 1.5 million.
The “Pinjam Yuk effect” brings several advantages at once: Income continues to grow and is gradually approaching break-even, investors experience no cash drag, and other loan originators are being forced to adjust their interest rates in order to attract investor capital (ITF loans were recently increased from 11% to 13%). According to Income, there are currently around EUR 2.2 million in loans waiting to be funded across several originators. The buffet is open.
Is Mintos Facing Its Biggest Loan Originator Default?
The situation surrounding Mintos loan originator Nera Capital, an Irish lender specializing in litigation financing, continues to create uncertainty and concern.
The reason for the delayed repayments is reportedly an ongoing review by the UK Solicitors Regulation Authority (SRA), which is assessing the solvency of around 80 law firms. According to Mintos, these law firms voluntarily suspended payments in order to not further weaken their solvency position. As a result, the UK law firms have not been paying interest since April, and according to Mintos, the repayment of principal is also likely to be delayed. At this stage, there is no confirmed timeline for when payments may resume.
It also remains unclear whether this is an industry-wide issue, as suggested by Nera Capital, or whether the investigations are specifically targeting the law firms financed by Nera Capital. A statement from litigation finance company Sandfield Capital, a loan originator listed on Income Marketplace, suggests that there are currently no risks to its own business model.
On a positive note: Mintos has not seen the need to suspend Nera Capital as a loan originator or classify it as being in default so far. However, if that were to happen, more than EUR 61 million of investor funds could be at risk, which would represent the largest loan originator default in the history of the marketplace.
For affected investors, the only option for the time being is trying to sell the loans on the secondary market. However, Nera Capital loans are currently not even in demand at a 30% discount, showcasing high uncertainty and limited confidence by investors in a positive outcome.
Nectaro Introduces AutoPilot
With the new “AutoPilot”, there is now a third way to invest on the Nectaro P2P platform.
The new functionality is a predefined auto-invest strategy in which funds are automatically invested into available loans. Investors only need to define a total investment limit, while AutoPilot invests several times a day across all markets and loan originators.
AutoPilot therefore helps Nectaro channel funds into less popular loans, while investors are likely to experience fewer issues with cash drag. However, the price of this perceived convenience could become significant if problems arise with individual loan originators in the future. Since not all loan originators offer the same level of quality, an individual selection process would, in my view, be preferable.
Is TWINO FLEXI A Regulated Go & Grow Alternative?
With FLEXI, TWINO has recently launched the first daily liquidity product under a regulated framework. Similar to Bondora Go & Grow, it advertises a fixed return of 6% p.a., daily interest accrual, and daily access to invested funds.
The underlying investment consists of 12-month asset-backed securities issued by the Polish loan originator Fincard. FLEXI is available from a minimum investment of EUR 10, while the maximum investment amount is currently capped at EUR 10,000.
In a recent article on TWINO FLEXI, I explained how the three-stage liquidity mechanism works in practice, which various risk factors need to be considered, and how FLEXI compares to Go & Grow and SmartSaver.
LANDE Triples Volume In Q1/2026
After a longer break, LANDE has published a quarterly report again. According to the report, financing volume in Q1 2026 amounted to EUR 7.8 million, representing roughly a threefold increase compared to the same period last year.
The most important growth driver is currently the Polish market. From the beginning, LANDE has focused exclusively on land-backed loans, low loan-to-value ratios (LTV 40%), and notarized debt acknowledgements (Article 777), which enable fast enforcement without a court ruling. This is a conservative approach designed to avoid the performance issues seen at platforms such as InSoil Finance.
On a positive note, the performance appears to have improved across all markets. This is a strong signal, reflecting both the platform’s adaptability and learning capacity. For 2026, LANDE has set a financing target of EUR 30 million. Given current growth, this appears realistic. In addition, the company plans to join the “liquidity trend” by launching a new product solution in the coming months.
Debitum Loan Originator LFDF Publishes Audited Report
Earlier this year, an investigative report alleged that LFDF had acquired assets at inflated prices through a network of related companies. Now, Debitum lender LFDF has recently published its audited financial report for 2025. On a positive note, the financial statement was more transparent than in the previous year. For the first time, a detailed inventory breakdown was published, showing that approximately EUR 22.8 million relates to logging rights and EUR 13.6 million to the value of the underlying real estate assets.
The problem: Within the scope of a financial statement, the auditor merely confirms the formal correctness of the accounting records and whether the balance sheet values have been properly derived from the supporting documentation. Whether the transactions themselves were carried out at fair market conditions is not something that is assessed or certified as part of such an audit.
As a result, the key question remains unanswered: Were the acquisition prices for the logging rights in line with market conditions, and would the EUR 36.4 million inventory value truly be realizable in an insolvency scenario? The reported 50% markup allegedly achieved by network-related companies on average per transaction, according to the original article, would imply that the realizable value of the inventory may structurally be below its book value.
At the moment, I am still in discussions with Debitum regarding an independent review of the transaction documents in order to provide a more qualified risk assessment for the investor community.
Esketit Introduces New Loan Originator From Malaysia
The two Esketit shareholders have introduced their next loan originator project on the marketplace. It is the Malaysia-based company Nimbura, which was founded in November 2025. According to its own statements, more than 30,000 loans have already been issued, and the company reportedly became profitable after just four months of operations. However, no audited financial figures are available yet.
The target is to manage a net portfolio of approximately EUR 10 million by the end of the year. The loans on Esketit are offered with maturities ranging from 30 days to 6 months and an average interest rate of around 13%.
VIAINVEST Publishes Annual Report For 2025
Unfortunately, there are no longer any consolidated financial statements available for the VIA SMS Group. Therefore, the focus is now on SIA VIAINVEST, whose reports have been audited by BDO Assurance and prepared in accordance with IFRS standards since 2022.
The VIAINVEST platform has remained consistently profitable in recent years. In 2025, a profit of EUR 228,361 was achieved. The decline in profit compared to the previous year, despite stable revenue income, is mainly due to increased investment in platform development and higher employee expenses.
The balance sheet was strengthened through retained earnings and a capital increase of EUR 800,000, bringing equity to EUR 2.21 million. All key financial ratios are in a very conservative range and are above average for a P2P platform of this size.
INDEMO Publishes Financial Results For 2025
INDEMO has released an audited financial report for 2025, prepared by Crowe Global and in accordance with IFRS standards. The platform’s revenue development over recent years shows that its business model (commissions on NPL notes) is working. INDEMO generated EUR 1.02 million in commission revenue, almost a threefold increase compared to the previous year (EUR 386,000).
However, the net loss remained almost unchanged at EUR 693,000 (previous year: EUR 682,000). The reason for this is a significant increase in costs. Sales expenses more than doubled from EUR 408,000 to EUR 890,000, mainly driven by ongoing cashback campaigns on the platform. At the same time, administrative expenses also increased by around 26% year-on-year.
Despite the lack of profitability, INDEMO’s balance sheet appears relatively stable. Equity amounts to approximately EUR 480,000, with an equity ratio of around 70%. A liquidity ratio of 2.77 and a leverage ratio of 0.43 do not indicate any immediate financial issues.
However, accumulated losses have already reached EUR 1.71 million, and the company remains dependent on external capital injections. For this reason, shareholders injected an additional EUR 799,000 in 2025 (compared to EUR 756,000 in 2024) to ensure continued operations and to comply with regulatory requirements.
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.