9 best Peer to Peer lending in Europe: Opinion [+ my 2🏆picks 2019]

compare good p2p lending website europe

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Best Peer to Peer lending platforms open to 🇪🇺 international investors?

▶︎ What I learned analyzing +9 popular P2P platforms

In this list you’ll find the best European p2p websites in one list to compare, plus:

3 things to know before starting with the best peer 2 peer lending:


  • Is P2P for you?

  • Risky or regulated?

  • How ethical is P2P lending



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Flender p2p logo


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What is P2P lending? (in brief)






Handshake peer 2 peer lending works
There is mutual interest in P2P lending. Borrowers can get liquidity out of the banking circuit. Lenders get high interests on this debt.

✅Benefits of P2P lending

The success of peer-to-peer technology started with music file sharing. Napster, eMule (..the slowest one) and then Torrent, then with movies on p2p. Now with p2p sports streaming and p2p payments. The attention is now all on p2p lending, the one with the loans, and it isn’t difficult to understand why.

The operation is rather simple, loans approved by some credit/finance companies are partially or totally offered and fractionated online. Those who wish to invest just analyse the risks, characteristics and returns using the information provided on the dedicated websites. Anonymously, one proceeds to a single purchase of loans, automatically or in bulk with the criteria that one have set up.

The ease and the immediacy of the operation is surprising; the explanation for it is that many of these platforms are the result of very recent financial technologies and they are structured in a way that want to reduce the users’ distrust.


The topic of p2p is still fresh and not discussed enough, everyone wonders if Bondora or Mintos is better, or puts Twino Vs Lendix! Are there good alternatives to FundingCircle or Ratesetter?

Here’s my point of view on p2p lending for those who are investing in Euro (and not only). This is my experience. I was skeptical like you. YES, I was. Now I am careful in loan picking and rather happy of it, so far.

Compare P2P lending websites in Europe

Social Lending in Europe today

Uk has the biggest market for P2P but unfortunately, their tools are most suitable for UK investors❗️

Other big and reliable p2p platforms are in the Baltic countries, France, Switzerland, Italy and Germany.

Their stories are more recent but they are collecting millions of euros in record time and they are solving the problem of those who, often unfairly, cannot get a loan in the traditional way.

For those who can speak German, there are AuxMoney, Smava and Zencap.

P2P lending ready to compare


It is possibly the safest place to invest in business loans in Europe

fender p2p stats and risk reward ratio
Flender has an amazingly low default rate: 0,2% only

Flender is an Irish P2P lending business founded in 2015. Their success is probably given by their mindset. The aim of Flender is to cooperate with SME instead of squeezing out the maximum profit. Doing business this way they’ve achieved a valuable goal, an extremely low default rate (0,2%).

Flender website is smooth and all the data and settings an investor may need are at hand. Secondary market is not available yet, auto-invest (autoFlend) is easy to setup.

Info about Flender:

  • Minimum investment: 50€

  • Returns: 10,5%

  • Languages: English

  • Partner program: YES (5% bonus)

  • Cashback for new sign-ups: Yes 5%✅


My tip: I avoid “V” class loans

Alternatives: Lendix/October  Crowdestor (20%)

Learn more about Flender

Visit Flender sign up page



Very popular (and it is available in 24 languages, virtually >25% returns)

 Bondora investors chart high return

Bondora reports that most investors get net returns above 10%.

13% of the investors on Bondora are earning above 20%.


Bondora is famous, established and controversial. The vast majority of those who have invested cautiously doesn’t complain about it at all – on the contrary, they enjoy interests even higher than the current ones (since some years ago it was better).

In the past (and a little less now), Bondora has also processed loans with a medium-to-very high risk, with huge annual returns connected to them. This has attracted some investors who however have then seen some of these loans end up in the recovery process, which isn’t always immediate or resolving.

Loans offered range between an AA (safest) to HR (High Risk) rating. Loans can come from Finland, Estonia and Spain.

Currency used is  Euro only and purchases are mostly made through automatic wallets. Basically, we’re giving the system instructions on what to buy and the process is automatic, we won’t have to select the loans one by one, apart from on the secondary market and only if we decide to do it.

Still today, by making random tests on Bondora I managed to simulate returns beyond 50%  with Portfolio PRO. Such high-returning loans are risky.

I believe it is worth it to sign up for free (even using any Google/Facebook account), to evaluate in person the tool, then decide.

Also learn more about it by reading “from zero to Bondora” and decide for yourself. The learning curve to be able to use it isn’t too steep, but rather doable for everyone.

It is available in many languages and there are already thousands of users (60k at 2019).

Bondora website investors count
This image is old. Reported investor number on Bondora now is over 60k worldwide.

Info about Bondora:

  • Minimum investment: 5€

  • Returns: from 8% to 79% (theoretically)

  • Languages: 24

  • Secondary market: YES

  • Guarantee net: NO

  • User experience: easy to use, but the look is too cartoonish. Returns are potentially very high.

  • ✅ Cashback for new sign-ups: YES


My tip: I stick to the safest AA-A-B (C) loans, returns are still very good

Bonus for new users:  5€ which can be invested in 5 loans (not much, but you can get it also by signing up from Google/Facebook accounts and this is cool)

Learn more about Bondora


Go to bondora sign up page

Lendix / October★★★☆☆

It focuses on loans for businesses purposes

 projects on Lendix october business loans
6 of the many project to finance on Lendix

It is thus very fascinating to scroll through the projects published on the website, select those with more potential and act as if you were a Venture Capitalist! Unlike the latter, you will however have the privilege to expose you for a minimum of just €20, and so you can lend little amounts to many projects.

The investment is blocked and the returns, even if much higher than the bank average, don’t go over 10%. If you like the idea, giving money to businesses is surely the same as giving a push to the real economy. The languages are French, Spanish, English and Italian.

Info about Lendix:

  • Minimum investment: 20€

  • Returns: roughly from 5% to 9%

  • Secondary market: NO

  • Guarantee net: Yes

  • User experience: Good, returns within the average.

  • Languages: French/Italian/English/Spanish

✅ Cashback for new sign-ups: YES

My tip: take some time to understand how it works before investing (learn more ⬇️)

Bonus for new users: €20 (min. investing 500€)

Before continuing, I invite you to repay the effort and the research I have put in writing this article: It takes ages to test, study and to sum up the outcome, you just have to share this post to say thank you! It costs you nothing, and it makes me proud!


Emerging talent …but not for me

Envestio opinions forums p2p

Information about Envestio:

  • Minimum investment: €1

  • Returns: about 17%

  • Secondary market: No

  • Guarantee net: Partial

  • User experience: Good, returns are high

  • Languages: Eng Ger

☑️ Cashback for new sign-ups: Yes

My tip: Ask them some statistics about past investments

Read my review on Envestio


Go to Envestio




It is the biggest P2P in Europe.


Mintos best p2p lending europe Vs. map of the world
Mintos stats say it has paid 13 million € to 53 thousand investors worldwide (so far). I am one of those happy investors.

Mintos isn’t the best one in terms of returns (though they are still high) but it ranks first for many other parameters I value.

The diversification, both by type and by geographic area, guaranteed by Mintos is rather unique. This presumably makes it safer. It doesn’t simply connect the lenders and borrowers, but it connects us with some “originators” of loans, which are nothing else but local credit companies.

Most of these loans originators promise to re-buy their loans ( available on Mintos) that are later than 60 days.

They actually do it. This protection is called Mintos BuyBack.

Mintos’ finances are somehow separated from those of the originators, so virtually, if one of its originators goes “belly up”, Mintos would be not be very directly hit.

Mintos has more than 45,000 active investors from 64 countries. Unlike other solutions, it offers loans in 7 currencies.

In many cases a “collateral” asset is available. All the originators need to keep in their wallet from 5% to 15% of each loan, in order to share the risk with investors.

There aren’t fees to pay so far.

Info about Mintos:

  • Read Mintos’ Terms of Use

  • Minimum investment: €10

  • Returns: from 6% to 18%

  • Secondary market: YES

  • Guarantee net: YES

  • Online experience: Excellent and intuitive. Statistics are clear and easy to read. High returns.

  • Languages: 7

✅ Cashback for new sign-ups: YES


My Tip: I only buy loans in my currency / Status: current / Amortization method: full

Bonus for new users: 1% (on the deposits for the first 30/90 days, basically I got €100 as a sign up bonus for every 10,000 I deposited)



Go to mintos sign up page


The biggest Real estate crowdfunding in Euros

opinions estateguru forums

EstateGuru is a tool for secured property-backed loans


Info about Estategugu:

  • Minimum investment: €50

  • Returns: 12,2% (1% a month)

  • Secondary market: NO

  • Guarantee net: NO

  • User experience: Very good

  • Languages: 4

  • ☑️ Bonus for new sign-ups: YES 1%

  • Commissions: None

My Tip: Diversify on many loans and prefer “bridge loans”


Visit to Estateguru sign up page

Read what I think of EstateGuru

Download my personal P2P Lending checklist

Reduce risk and maximize performanceinvesting in P2P loans
A time-saving list for P2P investors.  How do I try to reduce risk and maximize performance while investing in P2P loans. It’s free to read!


(mostly for Uk citizens only)

 Ifisa UK revenue land uk flag
I wish every country could have Ifisa, not only UK.

The United Kingdom is undoubtedly the biggest and most structured market of p2p lending. In the UK, in some cases, it is possible also to request tax breaks for this type of investment. It’s called IFISA (Innovative Finance Individual Savings Accounts) and it allows to investing up to £20,000 per year tax-free (which can be cumulated).

Funding Circle

The most famous British p2p (UK only)

Now also available in the US.

The first time I heard about p2p was precisely in relation to Funding Circle, and since then I was introduced to a (beautiful) world. This platform only deals with business loans, that is to say, it gives credit to businesses and it affirms to have 72,453 investors who have lent 2.7 billion pounds, earning 135 million in interests. These are impressive numbers.

Everyone can invest, you just need to be over 18 years old and to be living in the UK. It takes part in the government programme “Innovative Finance ISA”, so the returns are tax-free up to £20,000  per year. It is surely great to be British…

Info about Funding Circle:

  • Minimum investment: £20

  • Returns: from 4.8% to 7.5%

  • Secondary market: YES

  • Guarantee net: NO

  • Online experience: Modern website and top user experience. High returns

  • Languages: 3

  • Uk only

Ratesetter (UK only)

(57,000 investors, none of which lost a penny …)

It’s another p2p UK giant with more than 2 million of lent money, it affirms that no one during these years has lost even one pound. In fact, one of the most interesting characteristics of RateSetter is the “provision found”, a guarantee that covers the losses caused by possible unpaid loans.

The average investor on RateSetter has a medium stock of £20,000, the returns seem low, but safety has evidently a price.

The loans are mostly aimed at individuals, but there are real estate agencies and businesses, too, while the length of the loans goes from 1 month to 5 years. RateSetter isn’t compatible with ISA yet, but it will be soon; moreover, it has a programme called SIPP that functions as an active pension fund. Ultimately, RateSetter, in order to protect its investors from loss, has even merged 3 credit businesses that were struggling.

Info about RateSetter:

  • Minimum investment: £1

  • Returns: from 4.4% to 5.9%

  • Secondary market: YES, in 99.6% of them

  • Guarantee net: YES

  • Online experience: pleasing website. Medium-low returns.

  • Languages: English

  • UK only

  • ☑️ Bonus: £100 (conditions apply, only UK)

Zopa (UK only)

 Zopa p2p best loans UK

Once upon a time when you looked for a loan you’d go to the bank. Zopa has changed all of this by introducing social lending and by using the internet as an instrument to connect those who looked for a loan with lenders.

Zopa is so requested that it has currently slowed down the flow of potential investors in order to balance the supply and demand of the loans.

From 2017, Zopa has unfortunately removed the guarantee on non-performing loans. The minimum investment is £10, and the fractionation is guaranteed by the investment system itself. You can preventively get free of the loans by selling them with a 1% commission.

The transparency is total and everyone can ask for the list of loans, in order to consult it or to evaluate the chart with the default rates listed by year.

Info about Zopa:

  • Minimum investment: £10

  • Returns: from 3.7% to 4.5%

  • Secondary market: YES (1% commission)

  • Guarantee net: NO (since 2017)

  • Online experience: excellent website, top transparency and user experience

  • Languages: English

  • UK only

  • ☑️ Bonus new sign-ups: £50 (conditions apply, only available in the UK)



This is true for two reasons:

  1. One is skepticism. Most people just don’t trust new financial tools because they’ve never heard of it. Trust comes from knowledge, and knowledge takes time. (It took me months to trust and start investing in P2P loans)

  2. Another reason is greed. When people are asked to choose between 8% and 35% yield many get wrong and go for the second. It would be ok, but very often the loans that offer the highest returns are also the loans with the worst performances in terms of punctuality. I find it safer to balance risk/reward in P2P lending.

There is an increasing demand for the “safest” class of loans from the smarter investors. It is important to make the system select for us the best and safest loans for us when possible.

It is recommended to spend some time to evaluate the risk/return profile of each tool, not everyone has the time or patience to do that.

After all, the returns are definitely higher compared to what’s on offer on the market of “guaranteed capital”.

This is an age of low interest rates and low inflation, it is hard to find good deals around.


This blog is not a recommendation to invest in any of these tools. 

It is just one more point of view from someone who is invested from some time already.

 It may inspire those who are just starting out, and those who want to take it up a notch but have no time for studying the mechanisms.


Keep in mind that the loans aren’t always guaranteed and, even if they are, some limits and conditions apply. It is appropriate to choose loans with reasonable ratings.

The investment process isn’t always as immediate as you’d expect. Sometimes you may have to wait some hours/days before being able to see the assigned capital. Setting up very restrictive parameters to the loans in automatic wallets is generally the cause of the slowness of the process.

In my experience Fixura was the slowest to buy my loans while Mintos is still the fastest (invest & access 2019).

The default risk of a platform or of a loans originator is never to be excluded. There haven’t been sensational cases in Europe a part from Lendy in the UK, but for example, there has been one in China. Generally, the finance of the P2P websites are well separated from the users’ one’s so, even in case of a default, happy ending solutions are still possible.

P2p lending might be a good tool to distribute the risk of a part of a global portfolio while enjoying automated returns. Click To Tweet

The European bail-in system, that offers a guarantee to bank deposits under 100k Euro, isn’t obviously extended to any investment included p2p lending loans. By the way, the European bail-in coverage is also in discussion and it could be even removed one day. I don’t invest all my capital in social lending and I distribute it on more than one tool or at least in two different countries.

Social lending is regimented and authorized, it isn’t the Wild West – rules are clear and they are dictated by organizations in each Country. All the listed websites are able to provide detailed information about the service they offer and they are usually extremely transparent, precisely to get over the diffidence of future users. When I see something fishy I run away.

It is good to keep in mind that the platforms that offer many guarantees and advantageous taxation programmes will normally give lower returns. Instead, the most aggressive solutions, together with crazy returns, can also provide me with late or defaulted loans.

Here you can make the difference by selecting with care, caution and common sense. Let’s remember that high returns are often linked to adequate risks. 

How ethical is P2P lending

Doubts of the ethicality of some originators.

Some originators in some countries charge borrowers with very high rates. This happens for a series of reasons that aren’t always caused by some not-to-ethical practices.

On one hand, some of these individuals/ businesses wouldn’t find easily credit elsewhere. On the other hand, a short loan of a small amount of money is obviously subject to relevant fixed costs (in relation to the amount) that make the total cost of the loan go way up.

It is possible to get informed before investing to ensure that the rates applied to borrowers are sustainable.

No-profit P2P Lending

invest no-profit with Kiva fantastic tool projects
Ethical P2P lending is a must. The feeling I get when I have a loan repaid (no interests) from someone far in the world is priceless! I feel I am actively helping someone with a specific project.

“Clear your conscience” and invest no-profit with Kiva and the other tools. these are fantastic tools. I am a proud gift investor on Kiva. I also recommend Kiva to borrowers to raise funds when I travel in developing countries.

For those who remain in doubt and would like to do the right thing, maybe even to balance the ethicality of their investments, there (luckily) is WWW.KIVA.ORG

On Kiva, we can finally lend without interests to people with small projects in developing countries. I’ve done it and the feeling of helping people is amazing, the website is awesome and it is even possible to gift a 25$ coupon to whoever we want to.

You don’t make a profit on Kiva, but you have the certainty to be doing some good, and that’s wonderful. I think it’s an extraordinary gift idea. The website is only in English.

Similarly to Kiva, we have Zidisha.org , Trine.com , Fundeen.com and BabyLoan.org .

The majority of the instruments mentioned has been tested in depth. Returns higher than 25% are often only hypothetical.

How to compare P2P Lending platforms

I’ve prepared my own P2P lending comparison table  a time-saving and up to date tool.

P2P social lending comparison table
I prefer to rely on data and numbers for my choices, not feelings and impressions


✅Final considerations and winners


In my opinion Bondora and Mintos are the most accessible to anyone and are both easy to start with (also open to international + non-resident investors)


  • Mintos is also suitable for large P2P investors

  • Bondora even allowed me to register through my google account and make a deposit by credit card

  • Flender is a good P2P for those willing to invest in specific business projects (up to 16%)

  • Lendix/October is not performing well anymore. On Lendix is more complex evaluating the risk

  • EstateGuru is to invest in property-backed loans (12,24%)

  • Crowdestate is fast growing and offers high returns (up to 18%)


Sometimes there are P2P cash-back campaigns available for new subscribers.

Which one of the mentioned tools are you using with profit?

Did I miss anything?

Your comments are very welcome!

Nice article, wasn’t it? If you’ve found it inspiring, do me a favor, share it on Facebook

26 thoughts on “9 best Peer to Peer lending in Europe: Opinion [+ my 2🏆picks 2019]

  1. Gert Zimmermann says:

    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.

  2. gomes says:

    I am happy today that I have received a loan from this legitimate company after many years of financial fall and I have also been fooled in the process until I find this great man who helped me with a loan of $ 33.000 and I advise all candidates to get in touch with this company via email: xxx

  3. Toni says:

    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.

    • Revenue Land says:

      Welcome here, Peter. Thanks for writing.
      Honestly the aim of my blog is not to recommend something. I prefer to inspire and be inspired by my visitors.

      I am learning a lot, and my ideal readers are educated investors, able to make their own decision in freedom. Boring people, like me…

      I know some old Bondora users have many overdue loans.
      There are 3 clear reasons for this:

      1. They were greedy while setting up their portfolio.
      2. They were not aware of how portfolio manager works.
      3. …there wasn’t Go&Grow before.

      That being said, most Bondora users I know are profiting and are happy to face small losses in exchange for good gains on the majority of the loans. Moreover, statistically many late loans were recovered in the past years.
      You are an investor, you know that P2P is for the long term, it involves risk and profit and it takes time to draw conclusions.
      I can’t resist saying that less than 3% of my loans are overdue and I’m anything but a genius. I’ve tried to learn from others’ mistakes and from numbers and stats before investing.

      All my (few) Bondora’s late loans have 1 thing in common 🔮 and I have written about it in my newsletter:

      • Peter says:

        Alright, 3% is impressive. Are you only using Go&Grow now? And have you calculated your actual returns over the past years with Bondora?

        • True from Revenue Land says:

          Hi Peter, I know most people can’t believe I have so little late loans, but it is normal for me (and for my readers) not to use portfolio manager (if not to start and test) and to avoid any (C) D E F and HR loans. To be honest, sometimes I also make some strategic cleanings to optimize performance ( I am becoming a P2P nerd I guess). I use Bondora for the long term, so I don’t check my P2P performance too often. Go & grow loans include around 50% of DF class. I use it for testing but I prefer the Portfolio Pro.

  4. Mintos says:

    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

  5. George K. says:

    Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Fantastic. I am also an expert in this topic therefore I can understand your effort.

  6. Otto Mayer says:

    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.

  7. P2Pmaniac says:

    I’ve downloaded and printed both your free pdf. Tomorrow I’ll also start testing your best p2p websites. Wish me good luck

  8. Will K. says:

    Nice read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch. Therefore let me rephrase that: Thanks for lunch!

    • True from Revenue Land says:

      Flender bonus for new investors is huge but beware⚠️
      Who takes advantage of it? Not many I guess.
      This is because most investors (..I did the same mistake with Mintos some years ago) wait too long to invest, and the bonus is paid only within the first 30 days. Moreover Flender is young and geographically limited. I use it in synergy with other investments, not alone for safety reasons.

  9. anonymous says:

    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 6,75% 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.

    • True from Revenue Land says:

      I’m glad you finally found peace using Go & grow Bondora 6,75%.
      As you say, using the Bondora API would be the best way, but too complex.
      I’ve made it simple on Bondora:
      Only AA-A-B (and C) rated loans mainly form 🇪🇪 and everything works smoothly.
      Bondora is real P2P lending, without the “anaesthesia” of the buyback provided somewhere else in exchange of lower rates.
      More challenging & potentially much more rewarding.
      In order to sell late loans wisely I wrote this: http://tiny.cc/jyokbz
      Keep testing!

      • anonymous says:

        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 :).

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