Profitus is among the smaller and less known crowdfunding platforms in the P2P environment. The Lithuanian-based platform, which is regulated and supervised by the Central Bank of Lithuania, offers its investors primarily mortgage-backed loans with an expected return of around 10%.
The platform is certainly worth a closer look as the quality of the outstanding loan portfolio is highly competitive. Of the first 1,000 financed loans, only two property projects had to enter the debt collection process. In addition, investors haven’t suffered any loss of capital yet.
This Profitus review will reveal if the platform is worth your time and money. Please note that all the information that are covered in this Profitus review are based on my own research. Make sure to do your own due diligence before investing on Profitus or any platform. More information can be found in the Disclaimer.
Further analyses of other platforms can be found on my P2P Platform Review page.
Summary
Before we get started, here is a quick summary with the most important information about Profitus.
- Profitus is a Lithuania-based P2P platform where investors can invest in mortgage-backed loans and earn a return of up to 12%. The operational launch of the platform took place in August 2018.
- The platform has been controlled and monitored by the Central Bank of Lithuania since the beginning. The European Crowdfunding Licence (ECSP) was also obtained in November 2023.
- Profitus impresses with a high quality of its loan portfolio. The proportion of loans in recovery has always been below 5%. In addition, investors have not yet incurred any investment losses.
- Profitus was voted the second most popular P2P platform in the 2024 community voting.
Founded / Started: | July 2017 / August 2018 |
Legal Name: | Profitus Crowdfunding UAB (LINK) |
Headquarter: | Vilnius, Lithuania |
Regulated: | Yes (ECSP License) |
CEO: | Lina Maskoliūnė (August 2018) |
Community Voting: | 3.64 out of 5 | See Voting |
Assets Under Management: | EUR 74+ Million (February 2025) |
Number of Investors: | 12.000+ (February 2025) |
Expected Return: | 9,87% |
Primary Loan Type: | Real Estate Loans |
Collateral: | Mortgage |
Bonus: | EUR 25 Bonus (Code: 2024RETHINKP2P25) |
About Profitus
Profitus is a Lithuania-based P2P platform that has been operating under the legal name ‘UAB, Profitus Crowdfunding’ since August 2024 (previously: ‘UAB, Sutelktinio finansavimo platforma PROFITUS’). On the platform, which had its operational launch in August 2018, investors can invest in mortgage-backed commercial loans and achieve a return of up to 12%.
The geographical focus is on the Lithuanian domestic market. However, the increasing internationalisation of the platform means that the offering is also growing in other Baltic countries and in Spain.
The platform has been regulated and supervised by the Central Bank of Lithuania since its inception. In addition, Profitus received the European Crowdfunding Licence (ECSP) in November 2023, allowing the platform to offer its services under uniform framework conditions throughout the EU.
The Origin Story
Viktorija Cijunskyte, one of the two co-founders of Profitus, has developed an interest for real estate projects early in her career. After working for a brokerage firm for a year, she decided to pursue her own business and set up her own agency.
At the same time, she also founded a real estate development company, in which the later Profitus partner, Mindaugas Vanagas, was also involved.
Several aspects came together which then led to the foundation of Profitus: On one side there were retail investors who wanted to know how to invest in real estate. On the other side there have been developers who asked for financing options and debt capital. The final piece of the puzzle came together at the real estate fair MIPIM in Cannes 2015, where Viktorija learned about the crowdfunding model.
In 2017, the company “UAB Sutelktinio finansavimo platforma PROFITUS” was founded. The platform started its operational activities in August 2018, approximately one year after its establishment.
Below is a podcast episode with Viktorija Cijunskyte, which was recorded in March 2023:
Ownership and Management
Who are the main shareholders and management executives behind Profitus? Let’s have a look!
Profitus Ownership
The two shareholders of Profitus, who each own 50% of the shares in the company, are Viktorija Cijunskyte (CEO) and Mindaugas Vanagas. Both are Lithuanian citizens and long-time business partners.
The registered name of the P2P platform is “UAB Sutelktinio finansavimo platforma Profitus”. This in turn belongs to the company “UAB Sėkmingas valdymas”.
In October 2023, Profitus completed a funding round of EUR 532,000, in which both natural persons and legal entities invested. The money will be used to expand in new markets such as Latvia and Spain.
Profitus Management
For a long time, the Profitus team was led by founder Viktorija Cijunskyte. In August 2024, Lithuanian Lina Maskoliūnė took over her position and became the CEO of Profitus.
Lina has been a part of the Profitus team since October 2022, focusing in particular on the strategic growth of the platform in other markets.
Her CV includes an MBA and years of experience as Managing Director for a co-working space in Vilnius. In June 2024, during my stay in the Baltic States, I was able to meet Lina in person and gained a thoroughly competent and professional impression of her.
You can find more information about the current 25 employees at Profitus on this page.
Business Model and Finances
Throughout the process of due diligence, investors should also have a look at the business model of a P2P platform as well as the overall financial situation. How does the company earn money? Does the platform operate profitably? And how well is the company positioned financially? In the following paragraphs of this Profitus review, you can follow-up on those questions.
Monetization
How does Profitus earn money? Profitus monetizes itself primarily through a commission fee charged to borrowers upon successful project financing. This can range from 0.5% to 8% of the loan amount.
In addition, an administrative fee is also charged, which ranges from 0.1% to 0.2% per month. Since Profitus is quite transparent about their fee structure, investors can take a look at the price list themselves.
Profitability
Is Profitus profitable? Let’s take a look at the current numbers from the company register.
According to the latest numbers, Profitus managed to increase its revenue so far in every year. In 2023, the turnover was EUR 2.3 million. However, as the expenses for expansion and growth have risen disproportionately, Profitus has once again suffered a loss of EUR 400,000 after two profitable years in a row.
A financing round in October 2023 has strengthened the equity position though (EUR 440,000), which is why Profitus can continue on its growth trajectory for the time being.
Sign Up and Bonus
Investors can register on Profitus both as a natural person and as a legal entity. New users must be at least 18 years of age.
Overall, the registration process is fairly simple and intuitive. Investors need to submit information about their name, email, phone number and a password must be provided. This is followed by the verification of the identity. Here Ondato is offered as the first option.
Alternatively, the identity can also be verified with Paysera, in case an account already exists. In this case, however, deposits and withdrawals can only be made via Paysera. With Ondato, on the other hand, foreign banks (SEPA) can also be used.
Profitus Bonus
Do you want to receive an additional bonus when signing up on Profitus? Then you can take advantage of a specific EUR 25 bonus code which has been offered for our community. All you have to do is to sign up via this link. Afterwards, you can enter the promo code “2024RETHINKP2P25” when making your first investment. The EUR 25 will then be offset against your investment.
Investing on Profitus
How does Profitus work and what should investors know and consider when investing on the plaform? In the following sections of my Profitus review you will find all the necessary information that you need.
Loan Offering
Profitus offers two types of business loans on their platform.
Firstly, real estate secured business loans with first-ranking collateral. Secondly, business loans where assets of the company (equipment, cars, stock, personal guarantees, etc.) are pledged.
It is important to note that Profitus acts as an intermediary between borrowers and investors. This means the credit agreements are made with the borrower and not with the platform. So if Profitus had to file for insolvency, the receivables would continue to exist.
The loan terms are between 3 and 36 months. The loan-to-value ratio (LTV) is 56%.
The majority of the loans offered on Profitus come from the Lithuanian home market. In terms of geographic expansion, the company plans to add Spanish loans to its portfolio in the future, in addition to the two Baltic countries Estonia and Latvia.
Costs and Fees
There are no costs or hidden fees for investors on Profitus. The registration on Profitus is free of charge as well as investing on the platform itself.
At the moment, only two cost factors might be charged to investors. The first is a transaction fee of 2%, which is charged if loans are sold prematurely via the secondary market. Secondly, a withdrawal fee of EUR 1.88 is charged if investors make more than one withdrawal per month.
Expected Returns
Profitus states an average expected return of 12.14%. This number seems exaggerated, as most of the loans offered on the platform only have an interest rate of around 10%.
This experience is also reflected in my personal return on Profitus. After more than a year as an active investor, my total return stands at 8.60%.
Auto Invest
In September 2024, Profitus introduced ‘RoboInvest’, a modified form of the classic Auto Invest function. What exactly is RoboInvest and how does it work?
With RoboInvest, investors have the option of making automated settings for the selection of suitable loans. Different selection options are available depending on the minimum investment amount.
RoboInvest Start: For a minimum investment amount of EUR 100, the following criteria, among others, can be selected and set: The investment amount (minimum EUR 100), loan term (3 to 36 months), interest rate (4% to 20%) and risk category (1 to 10).
RoboInvest Grow: For a minimum investment amount of EUR 300, the following criteria can also be selected and set: The project rating and the borrower country.
RoboInvest Pro: For a minimum investment amount of EUR 700, the following criteria can also be selected and set: The investment purpose of the loan and the collateralisation.
Liquidity
The commercial loans secured by real estate have an average term of 12 months. This is an average period for this segment. Those who need more liquidity can also use the platform’s secondary market that has been established in January 2022. On the secondary market, loans can be sold prior maturity in exchange for a 2% transaction fee.
Note: Since the relaunch of the platform in May 2023, the secondary market is temporarily unavailable.
Profitus Forum
The P2P lending industry is a fast-moving environment. Hence, make sure to stay on top of all relevant information by subscribing to my channels on Telegram or WhatsApp. This way, you will always receive the latest information from the P2P industry, including platform news regarding Profitus.
Profitus Taxes
Generally, interest income generated by loan financing is considered investment income and must be reported as such on the tax declaration.
As a Lithuania-based P2P platform, Profitus is legally obliged to withhold 15% taxes on interest income earned. This is automatically retained by the platform. Depending on the investors residency, the withholding tax can be reduced to 10%, when using the “DAS-1 form”.
As there is a double taxation treaty between Lithuania and many European countries, the withholding tax withheld can be offset. This is therefore not paid twice.
Through the dashboard, investors can pull an investment statement where the income earned on Profitus is listed.
Profitus Risks
Investors should look very carefully at the potential risk factors when evaluating a P2P platform. What is it that investors need to be aware of when it comes to Profitus? Where are the underlying risks and how are they assessed?
The platform itself offers an initial overview. In this document Profitus lists a number of possible risks. These include general investment risks, influences due to the economic situation in Lithuania, poor performance or liquidity risks.
Platform Risk
The operational launch of the platform, which is operated by the Lithuanian ‘UAB, Profitus Crowdfunding’, took place in August 2018. In the domestic market, Profitus is controlled and monitored by the Lithuanian central bank. Among other things, this means that investor funds must be properly segregated, which protects investors from misappropriation.
In November 2023, the platform also obtained a European crowdfunding service provider license (ECSP), allowing Profitus to offer its services throughout the European Union.
Due to the regulation of the platform, Crowdpear must fulfil a high level of compliance and transparency standards, which increases the safety of the P2P lending platform. However, this does not safeguard against possible losses from loan defaults.
Risk Assessment
The loans offered on Profitus are 100% mortgage-backed. In most cases, also with first-ranking collaeral. The average loan-to-value (LTV) ratio is 56%.
To minimize the risk of loan defaults, Profitus gathers a range of different information from public registers and credit rating companies.
After that, the platform evaluates the business plan of the real estate developer and how he plans to return the funds to the investors. Profitus also evaluates the developer’s experience, the property and the location where the project is being developed.
After this evaluation, a decision is made whether the project will be funded or not. Out of 10 projects, only 3 make it to the funding stage on the platform. If the decision is positive, then the borrower is assigned with a rating from A+ to D. According to the platform, around 50% of the borrowers are repeated customers who finance their projects several times via Profitus.
Further details on how Profitus assesses and classifies credit risks can be found in this document.
Is Profitus a Safe Platform?
Profitus can be considered a safe and very secure P2P platform.
- Regulation and supervision by the Central Bank of Lithuania
- Segregation of investor and company funds
- Proven track record and good performance of the loan portfolio
Obtaining the European Crowdfunding Licence (ECSP) is also a positive development.
Some points can be deducted when it comes to transparency. Although the platform has published many documents on business processes, no consolidated financial reports of the platform are shared publicly.
Advantages and Disadvantages
In this section, I have listed the most important advantages and disadvantages of Profitus.
Advantages
- Regulation: Profitus is controlled and supervised by the Central Bank of Lithuania.
- ECSP: Licence holder according to the new EU Crowdfunding Regulation.
- Investor Funds: Legally monitored account segregation of investor and company funds
- Performance: There have never been more than 5% of the outstanding portfolio in recovery.
- Losses: To date, investors have not incurred any losses on the platform.
- Risk/Reward Profile: The return prospects are very competitive for the risk profile.
Disadvantages
- Offer: Profitus is a small platform with a manageable range of loans.
- Diversification: Mostly Lithuanian business loans can be financed on Profitus.
- Annual Reports: The annual reports are neither publicly communicated nor shared.
- Liquidity: No secondary market to sell loans early.
- Withholding Taxes: Taxes of 15% or 10% are withheld from private investors.
Profitus Alternatives
What Profitus alternatives can be found in the current P2P environment?
If we look at the business model and the overall profile of Profitus, the strongest overlaps happen to be with platforms such as Crowdpear, Estateguru or Rontgen.
Crowdpear
Crowdpear, a spin-off founded by PeerBerry, is probably the most similar Profitus alternative in the market. In addition to the same jurisdiction and regulatory status, both P2P platforms also share a common focus on the lending segment and the borrower market. Compared to Profitus, Crowdpear has slightly less market experience, as the platform was only launched at the beginning of 2023. You can find additional information about the platform in my Profitus review.
Estateguru
Profitus’ business model can also be compared with the Estonian platform Estateguru. This platform offer primarily short-term business loans secured by real estate. However, Estateguru’s focus is somewhat more international, whereas Profitus is more focussed on the Lithuanian borrower market. You can find more information in my Estateguru review.
You can find other Profitus alternatives on the P2P Platform Comparison page.
Community Feedback
Profitus achieved the second-best result in the P2P community voting 2024. After scoring just 2.44 points in its debut year 2023 (23rd place; 9 reviews), Profitus made the biggest leap forward of all 30 P2P platforms in 2024. With a score of 3.64 points, while receiving 70 ratings, the Lithuanian property platform achieved a strong and surprising second place.
The most popular P2P platforms in 2024 have been Robocash, Profitus, Viainvest, PeerBerry and Esketit. The ratings are based on my P2P Community Voting 2024.
Summary Profitus Review 2025
What is the final verdict of my Profitus review?
Profitus is a small and hidden gem in the P2P environment, which clearly deserves much more attention. The basic framework, consisting of regulation, strong financials and a stable loan portfolio, are good and strong pillars for a successful investment.
Those who do not mind the somewhat lower diversification, the limited Auto Invest feature, and the withholding taxes can add Profitus to their portfolio as a promising low-risk platform.
My personal test investment led to a satisfactory result in 2023 and 2024, with an overall performance of close to 9%.
FAQ Profitus Review
Profitus is a Lithuania-based P2P platform where investors can fund mortgage-backed business loans from Lithuania, earning an average return of 10%.
The two shareholders of Profitus, who each own 50% of the shares in the company, are Viktorija Cijunskyte (CEO) and Mindaugas Vanagas. Both are Lithuanian citizens and long-time business partners.
Profitus monetizes primarily through a commission fee charged to borrowers upon successful project financing. This can range from 0.5% to 8% of the loan amount.
You have the possibility to get an exclusive EUR 25 bonus at Profitus. To get the bonus, sign up via this link. Then you can enter the promo code “2024RETHINKP2P25” when making your first investment. This amount will then be offset against your investment.