This page compares 33 P2P lending platforms in Europe by return, licence, investor protection and liquidity. 6 hold a MiFID II investment firm licence, 9 hold a crowdfunding or banking licence, 12 have no EU licence, and 6 are closed or restricted.
Last update: October 7, 2026
Platforms compared: 33
Rated by: Sal Cocurullo, P2P investor since 2017 (€54,481 on Mintos)
Main P2P Lending Platforms Compared
These are the largest P2P platforms for European investors, and the ones I know best. Star ratings are my personal opinion, based on my rating methodology.
| Platform | Rating | Avg Yield | Licence | Protection | Secondary Market | Status |
|---|---|---|---|---|---|---|
| Mintos | ⭐⭐⭐⭐⭐ | 9-11% | MiFID II, Latvia | Buyback, 60+ lenders | Yes | Active |
| Debitum | ⭐⭐⭐⭐ | 11-16.5% | MiFID II, Latvia | Collateral, guarantees | No | Active |
| Go & Grow (Bondora) | ⭐⭐⭐⭐ | Up to 6% | None | Daily withdrawals | Not needed | Active |
| Estateguru | ⭐⭐⭐⭐ | About 10% | ECSP, Estonia | Property collateral | Yes | Active |
| Twino | ⭐⭐⭐ | About 12% | MiFID II, Latvia | Buyback 60 days | Yes | Active, Poland only |
| PeerBerry | ⭐⭐⭐ | About 11% | None | Buyback | Yes | Active |
| Crowdpear | ⭐⭐⭐ | About 10.6% | ECSP, Lithuania | First-rank mortgage | Yes | Active |
| Neo Finance | ⭐⭐⭐ | About 14.5% advertised | Bank of Lithuania (e-money) | Provision fund, buyback 50-80% | Yes | Active |
| Robocash | ⭐⭐ | 8-13% | None | Buyback 30 days | Yes, at par | Active, watch list |
| Iuvo | ⭐⭐ | About 9-11% | None since 2022 | Buyback | Yes, 1% fee | Active |
| Esketit | ⭐⭐ | 7-12% | None | Buyback 60 days | Suspended during move | In transition |
My picks and full reviews are in my guide to the best P2P lending platforms in Europe.
More P2P Lending Platforms
These platforms are smaller or more specialised. Many depend on a single lender group, so I treat them as small satellite positions at most.
| Platform | Rating | Avg Yield | Licence | Protection | Secondary Market | Main Risk ⚠️ |
|---|---|---|---|---|---|---|
| Viainvest | ⭐⭐⭐ | 10-13% | MiFID II, Latvia | Buyback 60 days | No | All lenders from VIA SMS Group |
| Lande | ⭐⭐⭐ | 10-12% | ECSP, Latvia | Collateral, LTV about 44% | Yes | Overdue loans rose to about 10.5% |
| InRento | ⭐⭐⭐ | About 11.7% | ECSP, Lithuania | First-rank mortgage | Yes, 2% fee | Exposed to property values |
| Capitalia | ⭐⭐⭐ | About 11% | ECSP, Latvia | Business collateral | Yes, 2% fee | 14.1% of portfolio in recovery |
| Lendermarket | ⭐⭐ | About 13.5% | ECSP, Ireland | Buyback 60 days | No | Heavy Creditstar concentration |
| Afranga | ⭐⭐ | About 13.9% | ECSP, Bulgaria | None | Unreliable | Concentrated in Stikcredit |
| Nectaro | ⭐⭐ | 9-15% | MiFID II, Latvia | Buyback 60 days | No | Owners overlap with lenders |
| Indemo | ⭐⭐ | About 15% | MiFID II, Latvia | None | No | Distressed Spanish mortgages, 24-month lock-up |
| Trine | ⭐⭐ | 5-8% | ECSP, Sweden | Partial guarantees | No | Impact loans, low realised returns |
| Income Marketplace | ⭐⭐ | About 13.8% | None | Buyback 60 days | No | Platform is unprofitable |
| Swaper | ⭐⭐ | About 13-14% | Unclear | Buyback 60 days | Unclear | All loans from Wandoo Finance, €2,000 minimum |
| Bondster | ⭐⭐ | About 13.6% | None | Some loans | Yes | Past buyback failures by lenders |
| BrickStarter | ⭐ | About 10% | None | None | Yes | No regulatory protection |
| Lonvest | ⭐ | Up to 13.5% | None | Buyback 60 days | No | Young, one lender group, no audited accounts |
| Nibble | ⭐ | 8-19% | None | Classic strategy only | No | Only shareholder-linked loans |
| Maclear | ⭐ | Up to 15.6% | Swiss SRO only | None | No | No EU licence, 2024 net loss |
Yields are advertised or average figures from each platform and independent reviews. Real returns are usually lower after defaults, delays and cash drag.
Closed or Restricted P2P Platforms
These platforms no longer accept new investors, or have stopped paying. I keep them on this page because readers still search for them, and because they show how P2P platforms fail.
| Platform | Status | Impact on Investors |
|---|---|---|
| Rendity | Closed on February 16, 2026 | About 37,000 investors and €157 million affected |
| Housers | Renamed Crowpire in February 2026 | Hundreds of investors with money stuck |
| Kviku Finance | Payments stopped | Investor money stuck for years |
| Kuflink (UK) | Restricted by the FCA in 2025 | Auto-lend accounts winding down |
| Blender | No new investors since June 2023 (Italy) | Exited new lending in Europe |
| Wisefund | Inactive | Not accepting investments |
How to Compare P2P Lending Platforms
Compare licence and concentration first, yield last. A high yield on an unlicensed platform with one lender group is a warning, not an opportunity.
This order comes from nine years of P2P investing. My worst loss, the Wowwo lender on Mintos, would have been avoided by looking at concentration and currency risk instead of yield. The full story is in my Mintos review.
What Is P2P Lending
P2P lending lets investors fund consumer, business or property loans through online platforms. Investors earn the interest that borrowers pay. Most European platforms advertise returns between 8% and 14%.
There is no deposit guarantee. Borrowers, loan originators and platforms can fail. Read is P2P lending safe for the full risk picture, or my real estate crowdfunding guide for property-backed loans.
⚠️ Disclaimer: P2P lending is a high-risk investment. Data on this page comes from platforms and independent reviews, checked on October 7, 2026, and can change. Ratings are my opinion, not financial advice. Read the full disclaimer.
Disclosure: some links on this page are affiliate links. I may earn a commission if you sign up through them, at no extra cost to you.
FAQ: Comparing P2P Lending Platforms
Which P2P lending platforms are licensed in Europe?
Mintos, Debitum, Twino, Viainvest, Nectaro and Indemo hold a MiFID II investment firm licence in Latvia. Estateguru, Crowdpear, Lande, InRento, Capitalia, Lendermarket, Afranga and Trine hold an EU crowdfunding (ECSP) licence.
What is the typical return of P2P lending platforms?
Most European P2P platforms advertise 8% to 14% per year. Real returns are lower after defaults and delays: Debitum advertises 11% to 16.5%, my own return there is about 9% to 10%.
Which P2P platforms have closed?
Rendity closed in February 2026. Housers was renamed Crowpire with investor money stuck. Kviku stopped payments, and Kuflink was restricted by the UK FCA in 2025.
Can investors exit early from P2P loans?
Only on platforms with a secondary market or a withdrawal feature, such as Mintos, Twino or Go & Grow. Liquidity depends on demand and is never guaranteed.
What is the minimum investment on P2P platforms?
Most platforms start at €10 per loan. Go & Grow accepts €1, Mintos needs €50 per loan on the primary market, and Swaper requires a €2,000 deposit.
Which P2P lending platforms are the most popular in Europe?
Mintos, Go & Grow (Bondora), PeerBerry, Estateguru and Debitum are the most used by European investors.
Continue Reading
- Best P2P lending platforms in Europe: my picks, licences checked, real results.
- Mintos alternatives: 7 platforms to pair with Mintos.
- Mintos review: my €54,481 portfolio explained.
- Debitum review: my results since 2019.
Thanks for this table. I am about to start with P2P and I will definitely go for the highest rated. I don’t understand why Kiva.org 0% is in this list, I’ll check it out anyway.
Why most business loans platforms have such lo ratings?
The stuff you share on your blog is always easyto read, and implement. Great images and graphics. Thanks for the comparison table above RevenueLand
You say you’ll use the newsletter to keep subscribers aware of any sudden change in the P2P lending world. Where is the link to subscribe pls
Hi there,
thanks for the table & ratings, it comes very handy. I am just curious to find out why the like of Funding Circle and Rate Setter are not in your table? What’s your opinion about them?
I can’t believe how much data you put together here. can you also report when was the last update
Hi,
first time I stumble over your website.
How come that no one lists crowdfunding platforms in renewable energy projects (Trine, FunDeen, econeers, etc.)? Is this not considered P2P lending? Are the returns just considered too low?
Essentially one invests in direct projects as opposed to loans.
I don’t see Swaper and Viventor in your list. Why?
What is the difference between a 4 stars rating and a 4 stars+ rating ?
Trine is Swedish if I remember correctly
Yes it is, thank you. I will definitely add the flag 🇸🇪 in the tab
I see that TFGcrowd is missing. I hope TFGcrowd will be listed soon.
I think the table is very informative, so thank you for putting it together for everyone to check. I was wondering if you could include Lendermarket as well?
Cool, I’m curious to know what their presumed safety is according to you. On an unrelated note, isn’t IUVO Estonian rather than Bulgarian?
Hi Matt, welcome. I apply about 20 parameters to these safety assessments. It is not intended (yet) as a scientific way of evaluating platforms, but this is the goal and I’m getting closer to it. I call it presumed safety because, for now, it’s just presumed. If I were an investor I would take it for what it is and still do my due diligence. Obviously I can’t guarantee that it will work but, for now, it’s already “predicted well” in 3 cases… (unfortunately).
You are right, the IUVO is Estonian (I will add the flag for you) but most of the loans and also the offices are in Bulgaria.
Just wondering – would that just be due to tax benefits? Low corp tax, low dividend taxes? With these p2p platforms, where do you actually have to pay your taxes? Are you free to setup a residence in a place, for instance in Bulgaria – even if you invest in Estonia, Spain, Armenia, Georgia? Where would I, as the investor, have to pay my duties? In each country separate if I would add money? Or will I have to take the annual overview of my gains, to my tax man in country X, and pay my duties? It’s a big part for me, before I would even commence in investing through a p2p platform.
Why does Flender only gets two stars for presumed safety? I am asking since you write elsewhere on this website that it is “possibly one of the safest P2P”.
Smart question, Bernard.
Also, do you have any experience with or thoughts on Bondster?
Hi. For those who feel too exposed to Latvian-Estonian P2P platforms (Mintos-Bondora-Peerberry & friends), Bondster can be an alternative. I am not using it because it is still a bit small (9k investors only), users’ opinions are not always enthusiastic, no secondary market. The bright side is that Bondster seems to be very connected to ACEMA, an old and reliable (ex)Mintos lender. Acema is regulated by the Czech National Bank. Moreover Bondster has also some lenders are in common with Mintos. Also check the p2p comparison page because soon Bondster will be added. Other established p2p out of EE/LV are NeoFinance or some UK platforms.
Hi. I just noticed you downgraded Grupeer from 4/4 to 3/2, but I don’t see any mention of it having been updated. When did you change the ratings?
Thank you for asking, Matt. I love transparency and I know this ratings might influence investor decisions in some cases. This is why this morning I’ve reduced the Grupeer rating and I am about to announce it on the P2P Lending secrets’ group. The temporary downgrade is for these reasons: Grupeer is partially exposed to Russia which currency is losing value against the EUR (69 in february against 87 now).
Grupeer may have less room for manoeuvre if the crisis worsens in the coming months. Why? Grupeer has less critical mass and may have narrower profit margins than other P2Ps.
Hi Sal, are the rumours true that Grupeer have gone out of business? If so, what were the main reasons and how would similar problems affect the platforms such as Mintos?
I trust that Grupeer will do everything to protect those who put their trust in it. I’m pretty sure they’re not scammers, rather they might have bad friends.
The Ruble crisis, the oil shock (Russian partners) and the epidemic may have affected, but I have no definite news, so I keep quiet.
I feel sorry for the investors because this case has nothing to do with cases like envestio and kuetzal. This is a lightning bolt out of the blue, Grupeer was a sustainable p2p and had a good team. Just a few weeks ago they released a new product. I’d say that’s not the typical attitude of someone planning to run away with the loot.
Mintos for me is solid and has a very different size (5400M€ Vs 80M€), but a temporary loss of confidence in the whole industry is possible.
I believe that if the markets go minus 30% (and do not recover in record time) it is quite logical that the real economy and loans could suffer a setback in the coming months.
However, I do not think it makes sense to migrate to the stock markets now and I will not. A balanced portfolio is not built during the storm but before the storm.
Here is the Mintos past default rate.
Hi Sal, I was wondering if you changed your mind about Grupeer in the meantime. Do you have any money invested with them yourself and what do you think about the lawsuit that is being organised? Apart from that I also wanted to ask why you rate Robocash two stars for security? They seem to be part of a profitable group and quite transparent, which isn’t really the case for higher rated platforms such as Swaper for instance.
Robocash has mysteriously moved to Croatia since March 28, 2019 and now operates as “Robocash d.o.o.”. I could find no valid explanation for this relocation.
Robocash works mainly with the worst class of loans (and the least ethical in general) that of the paydayloans.
It has no secondary market but what’s good is that they exists since 2013.
On Grupeer I have not changed my mind, I had not yet invested with them by pure chance. I was going to do it this year to write an investor review.
I don’t know much about the lawsuit, I’m sorry.
I still think that some originators and some direct loans may be recoverable one day. (One more reason to prefer direct loans when possible)
Hello, I really like your style and the quality of your contents, but I don’t understand how you can say that you have not changed your mind on Grupeer. The evidence of scam is overwhelming.
Well, when I met them last year at a fair, Grupeer was not a scam (yet). I believe not all projects are scams. I also believe investors may recover a part of the invested money. It’s not over yet. Thank you for the nice words!
Appreciate this post. Will try it out.
Since 2013 when equity crowdfunding was born over 1,800 companies have raised over £1.5 billion from everyday investors. What nobody really knows at this stage though is whether this is likely to be a successful form of investment. We all know the success rate of early stage companies is low so it’s reasonable to expect a good few companies in your portfolio to go belly-up leaving you with no return, but will there be enough that shoot the lights out to make for a good overall return?
Very good stuff here. So simple to understand, no jargon. I am surprised of how much effort you put to create this informative site.
I use many of these platform myself, so it wasn’t hard to make a good lis with all the information you need. Thanks
Great list, I was looking for something like this.
Do you think it’s safe if I invest in all P2Ps with ratings above 4 stars?
No, I would be more selective and try to understand what fits me and my risk profile.
Excellent list, thank you for your work, Sal. I wrote you a private message yesterday, answer soon!!
Wow thank you Carol, i’ll check your message today
I really like looking through an article that could make people think.
Useful comparison. The best out there, hands down.
I have been following you for years on p2p lending and similar investments.
You are the only honest blogger who doesn’t mention and invest in platforms that then go bad or disappear.
Keep up the good work.
where is Esketit on your list ? do you consider Lendermarket a viable platform ?
Esketit will soon appear on the list. I just don’t approve investing websites that are too young and without long track record.