Before investing on any P2P platform, make sure to do a proper due diligence and educate yourself on the risks that are associated when investing on different platforms. To help you better assess the risk and opportunity potential of a P2P platform, I have conducted several deep-dive P2P platform reviews for your assistance.
The selection focuses on the largest, most popular and most frequently used P2P platforms. The list of platforms is constantly growing. The individual reviews are updated on a monthly basis.
Last Update: 21.09.2023
Esketit is an Irish-Latvian P2P platform that belongs to the big beneficiaries of 2022. Powered by AvaFin loans (formerly Creamfinance), Esketit offers an exciting overall package of high liquidity, competitive interest rates and reliable repayments. Definitely one of the first places to go for new investors in the current P2P environment.
PeerBerry has become one of the largest P2P platforms in Europe over the last five years. Its success is based on reliable lenders and an outstanding handling of crisis situations. Due to this stability and reliability, PeerBerry is rightly one of the best and most popular platforms in the current P2P environment.
Income Marketplace promotes itself with innovative security concepts such as the junior shares or the cash flow buffer and thus tries to distinguish itself from comparable P2P marketplaces. Whether the platform is therefore also a safer alternative can only be answered after the first lender problems.
The Croatian-based platform Robocash has been under the radar for many investors in recent years. Somehow not understandable though, since the platform offers a very competitive risk-reward profile across all platforms. It is therefore hardly surprising that it is currently one of the most popular P2P alternatives among investors.
LANDE is a young and ambitious P2P platform from Latvia that specialises in highly collateralised agricultural and development loans. The exciting market positioning, coupled with an experienced founding team, make the platform a real insider tip for investors that are looking for alternatives beyond the classic “big players”.
HeavyFinance is one of the leading European P2P platforms that focuses on agricultural loans. In addition to the classic lending business, “Green Loans” also give investors access to the fast-growing carbon credit market. In my HeavyFinance analysis you can find out everything about the opportunities and risks of the platform.
Crowdpear, a new PeerBerry spin-off in the P2P environment, was launched at the beginning of 2023. The platform is still very young, but it has the best prerequisites for long-term success. High collateral, competitive interest rates and an experienced team. The performance in the next 12 to 24 months will show whether Crowdpear can live up to its own expectations.
Twino has been active as a non-bank lender since 2009. Today, with a financed loan volume of more than one billion euros, it is among the absolute big players in continental Europe. Financially, the company has had a few difficult years, which now seem to have been overcome. On the other hand, some new problems have been emerging since 2022.
Profitus is a hidden and completely underrated gem in the P2P environment. The Lithuanian platform is regulated, profitable and offers an excellent loan performance. Anyone who is interested in strong collateralised real estate loans apart from Estateguru should take a closer look at Profitus.
In recent years, Estateguru has become the leading marketplace for short-term and highly collateralised real estate loans in Europe. Therefore, investors interested in crowdinvesting cannot ignore Estateguru. However, one should be vigilant and closely observe the recently increased default rates.
Bondora is one of the oldest and most established P2P platforms in Europe. With the launch of Bondora Go & Grow in 2018, the platform has set new standards in terms of simplicity and liquidity. Recently, however, the trend has been downwards. The issue could derive from problems with the performance of the loan portfolio.
Mintos is the biggest P2P marketplace in Europe in terms of registered investors and funded loan volume. The reason for it is their highly scalable business model, where external lenders can offer their loan portfolio on the Mintos marketplace. However, some turbulences in recent years have clearly exposed the weaknesses of the P2P platform.
With Monefit SmartSaver, Creditstar has created another source of financing for its loans in 2022. In addition to a fixed interest rate of 7% p.a., the product primarily promises a high level of liquidity. However, considering some of Creditstar’s repayment issues, investors should critically question whether the liquidity promise can be delivered at any given time.
Viainvest has always been among the most popular platforms for investors in recent years. First and foremost, due to its reliability and stability – even in times of crisis. Becoming a licensed P2P platform and obtaining an investment brokerage license, Viainvest has somehow struggled more than anticipated. Also the performance of the VIA SMS Group has been affected.
NEO Finance is a Lithuanian P2P platform for consumer loans, which is particularly appealing due to its strong emphasis on security. This includes regulation by the Central Bank of Lithuania as well as the EMI licence. Nevertheless, NEO Finance enjoys rather little attention and awareness among many investors. The complexity of the platform is only one of many reasons.
Debitum is an exciting alternative for investors who would like to invest aside from traditional consumer loans. The marketplace for SME loans is still relatively small, so the potential risks should also be assessed very carefully.
Lendermarket served as a funding source for the Creditstar Group loans for three years. This was also extremely successful with € 250M+, especially since the average return for investors was 13.8%. Currently, however, the P2P platform wants to set itself up as an independent marketplace and hence also offers external lenders an opportunity for financing.
Bondster is a P2P platform that does not come from the Baltic States, but from the Czech Republic. Sounds strange, but it’s true! The platform is still comparatively young and the profile has not really been sharpened yet. The next few years will show where the journey will lead.
Monestro has had quite an eventful past. After a change of ownership in 2019, the platform has been quiet for two years. In May 2021, Monestro was relaunched – without any losses from the past. Nevertheless, the platform has still a lot of work ahead of it wants to finally make a breakthrough in its second attempt.
- Current Score: 0,5 / 5
- Review: Crowdestor Review
Crowdestor is one of the most controversial crowdfunding platforms in Europe. However, if you look at the facts and the bare figures, the enthusiasm around this platform is not really comprehensible. Investors should look very carefully at where the red flags are at Crowdestor. Personally, I can only recommend staying an arm’s length away from this platform.
- Current Score: 0 / 5
- Review: Hive5 Review
Hive5 is a Croatian platform controlled by the Lithuanian UAB Hive Finance holding. The poor track record, the conflicts of interest between the platform and their lenders, as well as the cross-connections to service providers of previous P2P scams are all reasons why investors should rather keep their hands off from this platform.
- Current Score: 0 / 5
- Review: Credon Review
Credon’s path is paved with contradictions, inconsistencies and misleading information. The initiation of insolvency proceedings in Q1/2023 seems therefore the only logical consequence. In my Credon review, I write about the chronology of an insanely badly made P2P platform that has to put up with accusations of being a scam.