Last update: October 7, 2026
The best P2P lending platforms in Europe in 2026 are Mintos, Debitum and Go & Grow (Bondora). Mintos and Debitum hold a MiFID II investment firm licence from the Bank of Latvia. Go & Grow has no investment licence, but it has paid investors for 17 years.
I have invested in P2P lending since 2017. Mintos is my largest P2P position: my account is worth €54,481 and has earned €27,893 in interest. I also hold Debitum since 2019, Go & Grow and Estateguru for real estate.
This guide shows which platforms hold a licence, what I earn, the mistake that cost me money, and the platforms I avoid.
Best P2P Lending Platforms in Europe 2026: Comparison Table
The table below compares the six P2P platforms I know best. The licence column matters most: a licensed platform is supervised by a central bank and must keep investor assets separate from its own.
| P2P Platform | Licence 🔒 | Avg Return 💶 | Min Invest | Secondary Market | My Verdict 📝 |
|---|---|---|---|---|---|
| Mintos | MiFID II, Bank of Latvia | 9-11% | €50 | Yes | Best overall, my largest P2P position |
| Debitum | MiFID II, Bank of Latvia (Dec 2024) | 11-16.5% advertised | €10 | No | Best for business loans, I invest since 2019 |
| Go & Grow (Bondora) | No investment licence | Up to 6% | €1 | Not needed (daily withdrawals) | Simplest, 17-year track record |
| Twino | MiFID II, Latvia | About 12% | €10 | Yes | Licensed, now Poland only |
| PeerBerry | No licence (announced in 2021, still pending) | About 11% | €10 | Yes | Over 83% of loans from one group |
| Robocash | No licence | 8-13% | €10 | Yes, at par | Watch list: parent debt rising |
Data checked on October 7, 2026, from each platform and from my own accounts. Returns are indicative and never guaranteed. For the full list of 27 platforms, see my P2P lending platforms comparison table.
Regulated P2P Platforms in Europe: Which Ones Hold a Licence?
Only some European P2P platforms are regulated. In 2026, Mintos, Debitum and Twino hold a MiFID II investment firm licence in Latvia. Crowdpear holds a crowdfunding (ECSP) licence from the Bank of Lithuania. Go & Grow, PeerBerry and Robocash have no investment licence.
There are two licence types in the EU:
- MiFID II investment firm licence: the strictest. The platform needs capital requirements and audited accounts. In Latvia, investors in a licensed firm are covered by the investor compensation scheme up to €20,000 if the firm fails to return their assets.
- ECSP crowdfunding licence: the EU licence for crowdfunding service providers. It adds supervision and investor information rules, but no compensation scheme.
⚠️ A licence does not protect you from loan defaults. It protects you from the platform mixing your money with its own. If a borrower or a loan originator stops paying, you still lose money.
What Is the Safest P2P Platform in Europe?
No P2P platform is safe in absolute terms. For me, the safest choice in 2026 is Mintos, because it combines a MiFID II licence with more than 60 loan originators in many countries. Debitum comes second for licensed business lending.
Go & Grow is not licensed, but it is the oldest platform I use. It has paid investors through the 2020 crisis, the inflation shock and the rate cycle. Its weak point is transparency: you do not see the loans behind your balance.
If you want the full risk picture of P2P as an asset class, read is P2P lending safe.
1. Mintos: Best Overall P2P Platform
Mintos is the largest P2P lending marketplace in Europe. It was founded in Riga in 2015 and has funded more than €16 billion in loans. Since 2021 it is a licensed investment firm supervised by the Bank of Latvia.
Mintos is my largest P2P investment. My net annual return is 9.3%, slightly below the platform average. I accept this because I never chase the highest rate.
My rule on Mintos is simple: I avoid concentration on single countries and single lenders. This rule has worked. Out of €54,481, only €498 is marked as unrecoverable today.
| 🔑 Key Facts: Mintos | Details |
|---|---|
| Licence | MiFID II investment firm, Bank of Latvia |
| Avg Return 💶 | 9-11% (my return: 9.3% net) |
| Loan Originators | 60+ |
| Secondary Market | ✅ Yes |
| Investor Protection | Up to €20,000 if Mintos fails to return assets |
| Main Risk ⚠️ | Loan originator defaults |
Read my full Mintos review with my €54,481 portfolio.
My Biggest P2P Mistake: Wowwo on Mintos
Wowwo was a Turkish car lender on Mintos. It lent in Turkish lira but owed investors in euro. When the lira fell in 2021, the lender could not pay. Mintos suspended Wowwo on December 17, 2021, with about €18.5 million owed to investors.
I could have seen it coming. A lender earning in a collapsing currency and paying in euro was a clear warning sign. I was distracted by other investments and did not act. I remain positive that a solution will arrive, at least a partial one.
2. Debitum: Best for Business Loans
Debitum focuses on business loans to SMEs, not consumer credit. In December 2024 it obtained a MiFID II investment firm licence from the Bank of Latvia. In 2025 it reported an audited net profit of €507,000.
I invest in Debitum since 2019. My real return is about 9% to 10% per year, below the advertised 11% to 16.5% because of reinvestment gaps and delays. The team attitude convinced me to grow my position.
One thing does not reassure me: a near-zero default record. Business lending always produces some defaults. A perfect record on paper makes me more careful, not less. Debitum reports that 99.11% of investments are repaid or on track.
| 🔑 Key Facts: Debitum | Details |
|---|---|
| Licence | MiFID II investment firm, Bank of Latvia (Dec 2024) |
| Avg Return 💶 | 11-16.5% advertised (my return: about 9-10%) |
| Outstanding Investments | €70.2 million (August 2026) |
| Investors | 34,000+ |
| Secondary Market | ❌ No |
| Main Risk ⚠️ | Lower liquidity, concentration on few originators |
Read my Debitum review with my results since 2019.
3. Go & Grow (Bondora): Simplest and Oldest
Bondora now runs its investor product under the name Go & Grow. It pays up to 6% per year with daily withdrawals. More than 516,000 investors have joined.
Go & Grow gets criticism, and some of it is fair. Still, it is among the oldest platforms I have used and the one I have used for the longest time. It has paid stable gains to all its investors through market crises and debt crises, and it is still here.
Bondora Group reported a net profit of €9.5 million in 2025, its ninth profitable year in a row. The weak points are transparency and geography: in July 2026, 65.4% of new Bondora loans went to Finland, historically a difficult market for consumer credit.
| 🔑 Key Facts: Go & Grow | Details |
|---|---|
| Licence | No investment licence (Estonian company) |
| Avg Return 💶 | Up to 6% |
| Min Investment | €1 |
| Liquidity | Daily withdrawals |
| Track Record | 17 years |
| Main Risk ⚠️ | Low transparency, high Finland exposure |
Read my Go & Grow review.
4. Twino: Licensed, but Now Poland Only
Twino holds a MiFID II investment brokerage licence in Latvia. In 2026 it focuses only on Polish consumer loans, at about 12% per year, with a 60-day buyback guarantee.
Twino is licensed, but its recent history shows losses. Its Vietnam portfolio defaulted with a loss of about €1.6 million. Its real estate arm, Twino Ventures, was wound down. A single-country focus also goes against my diversification rule.
| 🔑 Key Facts: Twino | Details |
|---|---|
| Licence | MiFID II, Latvia |
| Avg Return 💶 | About 12% (Polish loans) |
| Min Investment | €10 |
| Secondary Market | ✅ Yes |
| Main Risk ⚠️ | Single country, past portfolio losses |
5. PeerBerry: Good Returns, High Concentration
PeerBerry pays about 11% per year with a buyback guarantee and a long record of regular payments. It announced a crowdfunding licence in Lithuania in 2021, but in 2026 it still operates without one.
My concern is concentration. More than 83% of PeerBerry loans come from Aventus Group. The buyback guarantee is only as strong as that one group. I would never use PeerBerry as a main platform.
| 🔑 Key Facts: PeerBerry | Details |
|---|---|
| Licence | No licence (pending since 2021) |
| Avg Return 💶 | About 11% |
| Min Investment | €10 |
| Guarantee | ✅ Buyback guarantee |
| Main Risk ⚠️ | 83%+ of loans from Aventus Group |
6. Robocash: On My Watch List
Robocash is based in Croatia and funds short-term consumer loans from its own group, UnaFinancial. It pays 8% to 13% with a 30-day buyback guarantee, honoured so far.
In 2026 I see two red flags. Robocash has no licence under the EU crowdfunding rules. The parent company debt-to-equity ratio rose to about 25 to 1 in April 2026. The buyback guarantee depends entirely on that parent.
| 🔑 Key Facts: Robocash | Details |
|---|---|
| Licence | No licence |
| Avg Return 💶 | 8-13% |
| Loan Type | Short-term consumer loans |
| Secondary Market | ✅ Yes, at par |
| Main Risk ⚠️ | Single group, rising parent debt |
Read my Robocash review.
My P2P Rule: Diversify by Country and Lender, Not by Yield
My P2P returns come from avoiding concentration, not from chasing rates. I spread my money across many countries and many loan originators. When one lender fails, the damage stays small.
The same rule worked in real estate crowdfunding. On Estateguru I kept a very low exposure to Germany and to Finland, historically the weakest market. This choice kept most of my money away from the markets with the worst default history.
How I Combine P2P Platforms
I keep the core of my P2P money on one large, licensed marketplace. I add very few satellites, each with a different role. Real estate loans sit in a separate bucket.
P2P lending is only one asset class in my wider portfolio, next to ETFs and bonds. Looking for other options? See my list of Mintos alternatives and my Mintos vs Go & Grow vs PeerBerry comparison.
Expected Returns vs Risks
Higher yield usually means higher risk. The chart shows where I place each platform. Risk is my own judgement, based on licence, concentration and the financial strength of the lenders.
| Platform | Avg Return 💶 | Risk ⚠️ | Why |
|---|---|---|---|
| Mintos | 9-11% | Medium-Low | Licensed, 60+ originators |
| Go & Grow | Up to 6% | Medium | 17 years of payments, low transparency |
| Debitum | 11-16.5% | Medium | Licensed, business loans, low liquidity |
| Twino | About 12% | Medium | Licensed, one country only |
| PeerBerry | About 11% | Medium-High | No licence, one dominant group |
| Robocash | 8-13% | High | No licence, rising parent debt |
| Afranga | Up to 16% | High | Very high yield, higher risk profile |
⚠️ Remember: a buyback guarantee is not a guarantee against platform or lender failure. Diversification is the best risk management tool.
How to Choose a P2P Lending Platform
Picking a P2P platform is not about the highest return. These are the six checks I run before I deposit a single euro.
Check number 5 is the lesson from Wowwo. Check number 3 is the reason PeerBerry and Robocash stay small in my view. My full scoring method is on the methodology page.
Other P2P Platforms Worth Mentioning
Besides the six main platforms, European investors often ask me about these.
| Platform | Avg Return 💶 | Key Feature 🔑 | My Note 📝 |
|---|---|---|---|
| Crowdpear | About 10.6%, up to 14% | ECSP licence, Bank of Lithuania | Mortgage-backed, but 95%+ of projects in Lithuania |
| Esketit | 7-12% | No licence | In transition: moved to Croatia, main lenders left |
| Viainvest | About 10% | Buyback guarantee | Short-term consumer loans |
| Afranga | Up to 16% | Very high yield | Higher risk profile |
Swaper, Income Marketplace, Iuvo, Lande, Indemo and Maclear are also popular. Estateguru is the best known real estate crowdfunding platform in Europe.
🚫 P2P Platforms I Avoid
Some P2P platforms in Europe carry more risk than reward. The common problems are no licence, no audited accounts, and dependence on one loan originator.
- Lendermarket: 12-15% returns, but heavy exposure to Creditstar.
- Moncera: very low volume, tied to one group.
- HeavyFinance: niche agricultural loans, small and illiquid.
- Esketit: on hold for me until its transition is complete.
These are not scams. For most investors they are too small or too concentrated.
| 🚩 Warning Sign | 📖 What It Means | ⚠️ Why Avoid |
|---|---|---|
| ❌ No transparency | Unclear originators, missing data | Hidden risks |
| 💸 Cash drag | Funds stay idle | Lower real returns |
| 🛑 Weak guarantees | Buyback from a weak lender | False sense of safety |
| ⚖️ No licence | No central bank supervision | Higher platform risk |
| 🎯 Concentration | One group or one country dominates | One failure hits everything |
| 💱 Currency mismatch | Lender earns in a weak currency | The Wowwo scenario |
Typical Fees of P2P Platforms
Most P2P platforms are free to join. The costs appear when you exit or change currency.
| Fee Type | Typical Range |
|---|---|
| Currency exchange | 1-2% |
| Secondary market sale | 0-2% |
| Early exit on fixed terms | Varies by platform |
My Doubt About P2P Lending
I have an ethical doubt about P2P lending, and I prefer to say it openly. In some countries consumer credit is extreme. Very high rates are often paid by borrowers with low financial literacy.
This is one more reason why I prefer business loans and diversified marketplaces over pure payday lending. It is also why P2P stays a small part of my total wealth.
What I Learned After 9 Years of P2P Investing
Avoiding concentration beat chasing rates. My Mintos portfolio earns 9.3% net because I spread money across countries and lenders, not because I picked the highest yield.
My worst loss came from one lender, Wowwo, and from my own distraction. The currency risk was visible. I did not look.
A perfect default record does not reassure me. Real lending produces some defaults. I trust platforms that show their losses openly.
Age matters. I trust platforms that have survived at least one crisis. Go & Grow, with all its limits, has paid investors for 17 years.
Final Thoughts
For most European investors, Mintos is the best P2P lending platform in 2026. It is licensed, large and diversified. Debitum is a good licensed second platform for business loans. Go & Grow is the simplest option if you accept a lower return and less transparency.
Avoid putting all your money on one platform, one group or one country. That single rule did more for my returns than any interest rate.
⚠️ Disclaimer: P2P lending is a high-risk investment. Loans may default and platforms can fail. Returns are not guaranteed. This is my personal experience, not financial advice. Read the full disclaimer.
Disclosure: opinions are my own, based on personal experience. Some links in this guide are affiliate links. I may earn a commission if you sign up through them, at no extra cost to you.
FAQ: P2P Lending in Europe
Is P2P lending safe in Europe?
Not fully. Even licensed P2P platforms carry risk. A licence protects your assets if the platform fails, but not from loan defaults. Spread your money across several loan originators and countries.
Which P2P platforms are regulated in Europe?
In 2026, Mintos, Debitum and Twino hold a MiFID II investment firm licence in Latvia. Crowdpear holds an ECSP crowdfunding licence in Lithuania. Go & Grow, PeerBerry and Robocash have no investment licence.
What is the safest P2P platform?
No P2P platform is risk free. In my view Mintos is the safest in 2026, thanks to its MiFID II licence and more than 60 loan originators. Debitum is the safest option for business loans.
What is the best P2P platform for beginners?
Go & Grow is the simplest: you deposit from €1 and earn up to 6% with daily withdrawals. Mintos is a better long-term choice once you understand loan originators and auto invest.
Which P2P platform has the highest returns in 2026?
High-yield platforms like Afranga advertise up to 16%, and Debitum advertises up to 16.5%. Mintos pays 9-11%. Real returns are lower than advertised: my Debitum return is about 9-10%.
What is the minimum investment in P2P lending?
Most P2P platforms start at €10. Go & Grow accepts €1. Mintos requires €50 to start.
What is a good alternative to Mintos?
Debitum is the best licensed alternative for business loans. Go & Grow is the simplest alternative. See my full list of Mintos alternatives.
⭐️ I used this invitation code on Mintos MINTOSCLUB.U7Z0PF
and it worked
This is the best article about P2P lending I’ve read so far. Maybe there is too much focus on UK tools which can be unaccessible to non residents. I’ve also downloaded and printed your free checklist and ready to give a second look to Bondora.
I will definitely try Bondora. With Mintos I am doing well so far.
Is what you wrote about EstateGuru still up to date? I mean here: https://www.revenue.land/blog/houserscom-opinions-risks-alternatives-review-no-cashback
My strategy is to keep most of my P2P liquidity on bondora go and grow and cash-in to invest on other platforms when I want. Doing so my money is always working. Go and grow is really serving my instant 100% liquidity.
Would you still recommend Bondora with the number of defaults and loss of capital investors are experiencing?
Alright, 3% is impressive. Are you only using Go&Grow now? And have you calculated your actual returns over the past years with Bondora?
Mintos is really good platform with rapidly growing investor and Loan Originator count. Easy to use and understand. Would recommend to everyone. If you are interested in peer-to-peer lending on Mintos use this promo CODE to get BONUS for your deposits: U7Z0PF
I followed this list some months ago and started with Bondora and Mintos. Very satisfied with both, my only regret is that I should have started before. I can see from another blog article that you don’t like Envestio. Do you know any other good revenue website like that one? We see us next article.
I’ve downloaded and printed both your free pdf. Tomorrow I’ll also start testing your best p2p websites. Wish me good luck
Why Monethera and wisefund are not the best for revenueland?
Why is October in you best picks? Good or bad? Be clear
I will go for Flender. Is it 5% real on my investment? Answer pleas
Flender is definitely my next pick
I don’t understand all the positive reviews on Bondora, virtually 25%, actully -0%. I was in for many months, I spent hours and hours everyday on the website, but whatever I would do my lendings would get into default. And the rate was so highly growing and alarming that I soon understood that the default rate was higher that the interests I was getting. I managed to sell most quotes, my results after 8 months were negative!!!
I now use GO&GROW which is great (no work to do, steady 4% income), but the rest is just shit for me… Maybe with an automated investment strategy works, but I am not a programmer… who uses their APP has a great advantage, but it is for programmers.
GO & GROW is perfect for my needs and I have invested now on Mintos, I have only 1 month there, 12% it says :). But I am learning. I am ok with 10% as well if this lowers the risk, so I need to figure out the sweet spot between risk and interest.
I also have investments in Housers, I absolutely loved it at the beginning but now the interest is too low (maybe 4% or less) with 90% of my money in non liquid investments… so slowely as I get money back from there, I will move them to Mintos. Also, I look for other platforms, it is more confotable to have investment in different places after all :).
Why Monethera, wisefund and TFG crowd is not in this list?
Before investing I study the company, the borrowers and their past history. In this case the companies are very new and there is not enough data. On my P2P lending comparison page Monethera and Wisefund still have only 1 star. BTW, I am ready to change my mind if conditions change.
How to choose between Mintos and Bondora?
I agree on your good rating for Mintos and Bondora and Estateguru. I am skeptical about Flender. I don’t understand why you don’t mention fastinvest, swaper, viventor, grupeer, envestio
If this are the best p2p lending, why do you include envestio and then you say it is not one of the best?
My and my wife just registered on Trine. Is there a way to set an automatic investment?
Yes, they call it “monthly investment” (I don’t know why it is hidden under the how-it-work page). The investment criteria are reasonable and easy to understand. Min is 50€ per month and above 500€ per month there is an extra 2% (of the fee Trine gets on the project).
Thank you for introducing me to bondora, I have the go and grow and it works ok. I’ll write you more questions privately on other p2p websites you don’t mention here and their availability in Russia if you don’t mind.
Add lendahand.com please. Good for people and good for the investor.
Please add swaper and viventor
Which British p2p websites are accessible to us Europeans non residents in the UK?
Well, I remember Bridgecrowd, Kuflink and Property Partner, but there are a few more. I’ll look into it and I’ll give you a complete answer, William.
I am following you since the beginning.
Thanks to you I have been able to avoid the shitty p2p, focus on the big ones and I am profitable. Good job. I mean it.
I am German, pleas add German p2p
Great information. I am not sure I can invest from country.
Add peer berry and iuvo, take away envestio and october
You missed Prosper and Lending Club, the biggest 2 ever. Is there a reason?
Happy to notice Quetzall is not on your best list Revenueland
That’s true, Nirvana. For business loans I only mention Flender and just because they have been for many years on the market with reasonably low default rate. Interest rates there are much lower than what was on offer on Quetzal.
True, I think you should be transparent as how much platforms pay for reviews. It can be the only explanation as to why you push Flender so heavily given they are not being honest about their default rates. The actual default is multiples of what they report so if you did your homework you would know this.
Last year you avoided me to invest with Envestio!!!!
May God bless YOU and your website, just everyday.
I did not listen to your bad opinion on Envestio last year, but it was just a few hundreds euros, no big deal. How do you know things before others?
I’m up to date on the p2p market and other alternative investments, but no, most of the time I don’t know things before the others. I’m part of the Mintos investors club (and a few more advanced investors’ programs), so maybe Mintos makes me do investor tests before the public, but I don’t have any vital or confidential information. I share what I know and a little bit more to newsletter subscribers.
Great post. I’ve just registered on Trine and Mintos
I am looking at Trine after seeing it on your list. Sounds interesting.
Didn’t know flender. I’ll give it a try. Good for me to get some loans out of latvia-estonia. It seems to me that 99% of P2P are from those countries.
Most of the platforms come from these countries because they offer a good environment for these companies. Estonia and Latvia also have (and attract) highly qualified professionals. Flender.ie is Irish but only offers loans to companies, a very specific and particular class of loans. I like Flender for a number of reasons and one of the reasons is that it is not located in Latvia-Estonia.
“Auxmoney” (Germany) sparkles by it’s absence here, but is quite big in Germany. Is it’s absence because of lack of access (outside of Germany), or some other reason?
Good point. Auxmoney is very big (and growing) and deserves a mention but unfortunately it seems that it is still not available to investors outside Germany and the site is only in German.
I have nothing against Auxmoney, except that it is geographically limited to only one country. Thank you for your question.
Here in the US p2p lending is not a big deal anymore. I guess in Europe will be the same within a few years from now. Which platforms I am allowed to invest from the US?
Hi Sonia. I know in the US P2P lending is not very convenient anymore for investors. BTW, it is possible to invest in almost any of the above mentioned websites just by using a cheap Transferwise account or Revolut. I hope this will help.
My best peer to peer are: mintos, kuflink, bondora
Excellent list but I would add more platforms from the Uk.
Unfortunately Mintos is still not available in the UK.
I came across this article again after months.
I have to thank you because I copied 4 sites that you use p2p and in 13 months I’m doing great.
Flender is what fascinates me the most but it has few projects. It’s another great choice. Keep it up.
Very different list from other blogs. Looking forward to receive your newsletter.
See you in your inbox!
I can see you have made some updates from my last visit.
I agree on IUvo, it is the last I added to my P2p portfolio last January.
Flender is the next one.
I’ve registered to Mintos and IUVO last year after reading this. It is the first time I make some money online by myself. A deep thank you for the guy who wrote this.
Happy to be helpful. Always be prudent.
While someone causes panic, I prefer decentilized projects. For example, x p2p. No one can provide us safety of privacy but x solved our solution.
Thanks for sharing your research on these platforms.
You may wish to update the info on funding circle, they are no longer accepting investors in the Uk.
This is nice of you, David. Thanks
Mintos, of course.
▶️ I used this invitation code on Mintos MINTOSCLUB.U7Z0PF
and it worked.
500€ bonus in my account!
Also WEALTH25 Mintos bonus code is active now.