Which are currently the best P2P platforms in Europe? And how can you identify them?
To answer these questions, this page covers two main sections.
First: An overview of the most important criteria that investors should consider when aiming to generate passive income with P2P investments.
Second: A comparison of the ten best P2P platforms in Europe today and how they differ from each other.
What makes re:think P2P Lending unique?
There are numerous comparisons of P2P platforms online. How does this rating differ, and why can you trust re:think P2P Lending?
- Experience: My personal investment experience with P2P lending goes back to October 2017. Since founding re:think P2P Lending, I have analyzed and evaluated over 50 P2P platforms.
- Network: Since 2018, I have been in regular contact with shareholders and decision-makers of various P2P platforms. I also visit P2P platforms on site to foster direct dialogue.
- Transparency: My P2P portfolio has been publicly viewable since January 2019. Monthly portfolio updates provide additional insights into my investment decisions.
- Skin in the Game: This blog doesn’t just discuss theory. Since August 2024, my outstanding P2P portfolio exceeds €100,000.
- Track Record: In the German-speaking region, I am the only P2P blogger who has so far neither fallen victim to a scam nor suffered capital losses on a P2P platform.
P2P Platforms: Comparison 2025
The P2P platform comparison page is designed to give investors guidance on how individual platforms differ from one another and what to consider when making an investment choice. The re:think P2P Lending site uses a variety of evaluation criteria to analyze different aspects of the platforms.
For better clarity, the most important factors for the P2P platform comparison are presented below. These include: transparency, safety, financial stability, liquidity, management, and communication.
Transparency
The more information a P2P platform provides, the better investors can assess a company’s risk and opportunity profile.
But caution: Many platforms exploit the naivety of inexperienced investors and primarily publish information that offers little value regarding the platform’s risk profile and actual performance.
Distinguishing important from unimportant information is therefore crucial. Good and transparent P2P platforms typically provide a statistics page that includes the following information and data points:
- Assets under management / outstanding portfolio
- Performance of the outstanding loan portfolio
- Total financed volume
- Average interest rate
For investors, the managed portfolio and its performance are of particular importance. But why?
The development of the outstanding portfolio provides insight into how demand on a platform is evolving and whether it is still growing. A declining portfolio often indicates that a platform either offers too few loans, which can lead to cash drag, lower returns, and investor dissatisfaction, or that investor demand has decreased, often directly linked to platform issues.
The performance of the loan portfolio, on the other hand, is a key factor in determining the likelihood of achieving the advertised returns. The more loans are in collection, the higher the risk that investors will face capital losses and lower returns.
Safety
The safety of a P2P platform is a key factor in determining the risk and return potential. Investment protection can occur on multiple levels.
Regulation: P2P lending platforms regulated in Latvia are subject to the requirements of the MiFID II financial market directive. As a result, investors’ accounts are protected up to EUR 20,000 by the investor compensation system in Latvia in the event of platform insolvency or misappropriation of investor funds. However, potential loan defaults by lenders are not covered.
And this is exactly the crucial point when it comes to regulation. The likelihood of investors falling victim to a scam on regulated P2P platforms is extremely low due to higher costs and compliance requirements. At the same time, regulation is not a guarantee that investors cannot still incur losses.
Risk Management: Risk management involves the process by which a P2P marketplace analyzes a lender’s financial performance and portfolio quality. On traditional P2P lending platforms, the focus is typically on assessing the borrower.
Since each platform uses a different scoring model for risk assessment, it is important to understand the approach in detail. Long-term observation of portfolio quality provides a good indication of how effectively risk management works in practice.
Fraud Prevention: Cybercrime has increased in recent years, especially with the acceleration of AI technology. Platforms that are aware of this risk and offer various account security and verification features – such as two-factor authentication (2FA) – demonstrate a greater sensitivity to this issue.
Financial Stability
The publication of audited financial statements allows investors to gain insight into the financial stability of a P2P platform. This aspect is also one of the more important security features.
In general, several levels can be distinguished when evaluating financial stability:
- No published financial statements
- Published financial statements
- Published financial statements audited by an auditor
- Published, auditor-audited, and profitable financial statements
For a meaningful assessment of financial performance, the financial statements should be prepared by a major and recognized auditing firm.
The importance of profitability must be assessed on a case-by-case basis. While the economic viability of some platforms is central to the continuation of their operations, other P2P platforms have larger corporate groups or parent companies in the background, with the platform primarily serving as a cost center to finance the lending business. Direct profitability is therefore of secondary importance for these platforms.
Liquidity
The liquidity factor indicates how quickly investors can withdraw their money from a P2P lending platform. Liquidity can be influenced by several aspects.
- Loan Terms: Short-term consumer loans, commonly known as payday loans, generally have terms between 30 and 90 days. In this case, liquidity can be considered very high.
- Secondary Market: Loans can be sold prematurely on the secondary market before the end of their original term. It should be noted that not all platforms offer this feature, early sales may in some cases only be possible at a discount, and sales also depend on the demand from other investors.
- Investment Product: Some platforms offer specific investment products that focus primarily on liquidity. Products such as Bondora Go & Grow or Mintos Smart Cash even market themselves based on daily availability of funds.
In general, investors should carefully consider their investment horizon before committing funds and take this factor into account when selecting a P2P platform. Higher liquidity usually also means greater flexibility, allowing investors to react more quickly to market changes.
Management
The business development of a P2P platform is largely influenced by the decisions of its management and involved shareholders. Therefore, the expertise and experience of the team are of great importance.
Anyone entrusting their money to a P2P lending platform should take the time to familiarize themselves with the people working behind the scenes or exerting influence on the platform.
Have the shareholders previously founded and established profitable lenders? Do the management team members have sufficient or comparable experience from past endeavors?
The bigger the experience and reputation of the people involved, the more trustworthy the platform can be considered. For this reason, re:think P2P Lending also discloses shareholder structures and the individuals active in management within its P2P platform reviews.
Communication and Support
P2P lending operates in a dynamic environment with constant developments. This makes proactive communication from the platforms all the more important, whether through newsletters, in-house blogs, Telegram groups, podcasts, or direct support via email.
The more actively a P2P platform works to address inquiries and maintain an open dialogue with its investors, the more positively this can be interpreted as a signal of reliability and engagement.
Afranga
For years, Afranga was used as a financing source for the lending business of the Stik Credit Group. In this setup, investors faced a calculable risk, which was compensated with returns of up to 16%.
With its licensing as a European crowdfunding service provider, 2025 marked a fresh start for the P2P platform, initiating Afranga’s transformation into a regulated P2P marketplace. As part of this new direction, external lenders are now also being brought onto the platform. This allows Afranga to continue growing while providing investors with additional opportunities for diversification.
A detailed analysis can be found in my Afranga review.
Bondora
Bondora is one of the biggest and most experienced P2P platforms in Europe, which is why the Estonian fintech holds a special status among many investors. With Bondora Go & Grow, the platform also offers one of the most popular investment products in the P2P lending space, setting new standards for simplicity, liquidity, and reliability since its launch in 2018.
The long-standing experience, combined with very strong financial metrics, makes Bondora an ideal starting point for new investors who want to quickly and easily gain their first experience in the P2P market.
A detailed analysis can be found in my Bondora review / Bondora Go & Grow review.
Debitum Investments
What makes Debitum special is its unique positioning in the P2P lending space: it is a regulated platform, follows a marketplace model, and offers buyback-guaranteed business loans. A combination that cannot be found on any other P2P platform.
For a long time, the platform’s issue has been its limited and often low-yielded loan offering. With the change of ownership in August 2023 though, this situation has completely changed. The new shareholders have introduced numerous innovations that have significantly enhanced Debitum’s profile and attractiveness. The improved loan offering, higher liquidity, and interest rates of up to 16% make Debitum one of the most exciting P2P platforms in the current market environment.
A detailed analysis can be found in my Debitum review.
Esketit
Esketit is P2P platform where investors primarily invest in buyback-guaranteed consumer loans, earning returns of up to 12%. The platform was founded in 2020 by two experienced shareholders, who aimed to create a cost centre to finance their new lending start-ups.
Thanks to the combination of competitive interest rates, high liquidity, and reliable repayments, Esketit has been one of the fastest-growing P2P platforms in recent years. The platform’s popularity is also reflected in strong community voting results, securing first place in 2023 and fifth place in 2024.
A detailed analysis can be found in my Esketit review.
Income Marketplace
Income Marketplace is an unregulated P2P marketplace from Estonia. Since 2021, investors can invest in a variety of different loan originators, while achieving returns of up to 15%. The success of Income Marketplace is primarily based on the platform’s risk management, which features innovative security measures such as the Junior Share and the Cashflow Buffer.
The result is a collection rate of less than 1%, which is highly competitive in the P2P lending space. Although there is still room for improvement in many areas, the platform is already one of the most attractive options for European P2P investors.
A detailed analysis can be found in my Income Marketplace review.
LANDE
LANDE is a regulated, Latvia-based crowdfunding platform that occupies an exciting and fast-growing niche in the agricultural sector. This positioning not only offers significant growth potential for the platform but also provides real added value for investors in terms of diversification. Since February 2024, the platform has held the European Crowdfunding Service Provider (ECSP) license, allowing it to offer its services across the EU under a unified regulatory framework.
LANDE experienced strong growth in its initial years, which at times led to some operational strain. However, these issues appear to have been addressed over the course of 2024. With interest rates of up to 12%, combined with decent collateral in the form of machinery or agricultural land, LANDE presents an attractive and a competitive profile for investors.
A detailed analysis can be found in my LANDE review.
Mintos
With over EUR 600 million in managed investor funds and more than 500,000 registered users, Mintos is the biggest P2P platform in Europe. The Latvian P2P marketplace therefore holds a special position in the P2P sector.
In its early years, Mintos aimed to establish itself as the leading marketplace for investments in personal loans. Since receiving its European investment firm license in August 2021, Mintos has increasingly evolved into a multi-asset platform, offering products such as ETFs, bonds, and real estate alongside loans.
During the pandemic, as well as due to the war in Ukraine, some weaknesses at Mintos were exposed. At times, up to EUR 150 million of investors’ funds were in collection. This highlights that while Mintos offers a broad and diverse range of lenders, investors need to carefully evaluate each individual company on the platform.
A detailed analysis can be found in my Mintos review.
Nectaro
Nectaro is a P2P newcomer from Latvia that has all the prerequisites for long-term success: regulation in Latvia, profitable lenders, competitive interest rates, and a large, established parent company in the background.
Looking at Nectaro’s return and risk profile, the platform appears to be a stable alternative for investors who want to expand their P2P portfolio with new platforms.
A detailed analysis can be found in my Nectaro review.
PeerBerry
In recent years, PeerBerry has developed into one of the largest and most trusted P2P lending platforms in Europe. This is primarily due to the platform’s reliability, which has proven remarkably resilient in times of crisis. The repayment of over EUR 51 million in war-affected loans is unprecedented in the P2P sector and highlights the high integrity and stability of the partners with whom PeerBerry works.
Thanks to the platform’s consistently strong performance over the years, investor demand has often exceeded the available loan supply. For this reason, interest rates have steadily declined in recent years, which also represents a drawback in the overall evaluation of the PeerBerry platform.
A detailed analysis can be found in my PeerBerry review.
Viainvest
No defaults, no late repayments, and competitive interest rates: these three factors are the reason why investors were able to consistently achieve returns above 10% on Viainvest since 2016. This reflects a level of reliability that few other P2P platforms can match.
Regulation was a major milestone for Viainvest in 2021. Since then, the platform has been supervised by the financial authorities in Latvia and regulated under MiFID II. As a result, investor accounts are protected up to EUR 20,000 through the investor compensation system against misappropriation or platform insolvency.
For those looking to invest in buyback-guaranteed consumer loans from Europe on a regulated and reliably performing P2P platform, Viainvest is a strong option to consider for your P2P portfolio.
A detailed analysis can be found in my Viainvest review.
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.