Compare P2P lending platforms (fast)
Make informed decisions (full list)
This interactive Peer-to-Peer lending comparison table is made to help readers understand where they can find the most value if willing to invest in direct loans
The star ⭐️ rating is to make the P2P websites comparison even faster
In order to compare peer to peer lending websites in the right way I needed to collect a lot of information that I am happy to share here
Table of Contents
Compare P2P Lending
| Platform | Rating | Average yield % | Presumed Safety | Protection | Size in M€ | Early exit | Bonus |
|---|---|---|---|---|---|---|---|
| Estateguru 🇪🇪 | ⭐️⭐️⭐️⭐️⭐️ | 12 | ⭐️⭐️⭐️ | Real Estate | 107 ⬆️ | YES | 25€ + 0,5% |
| Mintos 🇪🇪 | ⭐️⭐️⭐️⭐️⭐️ | 11 | ⭐️⭐️⭐️⭐️ | YES | 8000 ⬆️ | YES | new 1 % |
| Rendity 🇦🇹 | ⭐️⭐️⭐️⭐️ | 8 | ⭐️⭐️⭐️ | Collateral | 116 | NO | 25€ |
| Robocash 🇭🇷 | ⭐️⭐️⭐️⭐️⭐️ | 10 | ⭐️⭐️⭐️⭐️ | YES | 559 | YES | X |
| Debitum.Network 🇱🇻 | ⭐️⭐️⭐️⭐️ | 12 | ⭐️⭐️⭐️⭐️ | YES | 71 | NO | 25€ |
| Peerberry 🇱🇻 | ⭐️⭐️⭐️ ⭐️⭐️ | 13 | ⭐️⭐️⭐️⭐️ | YES | 1100 ⬆️ | Si | X |
| IUVO🇧🇬 | ⭐️⭐️⭐️⭐️ | 10 | ⭐️⭐️⭐️⭐️ | YES | 220⬆️ | YES | X |
| Lendermarket🇮🇪 | ⭐️⭐️ | 13 | ⭐️ | YES | 120 | NO | X |
| Twino 🇱🇻 | ⭐️⭐️⭐️⭐️ | 10 | ⭐️⭐️⭐️⭐️ | YES | 600 | YES | X |
| Bondora 🇪🇪 | ⭐️⭐️⭐️ | 4 | ⭐️⭐️⭐️ | Optional | 200 ⬆️ | YES | X |
| Housers 🇪🇸🇮🇹 | ⭐️ | 8 | ⭐️⭐️ | Collateral | 79 | YES | 25€ (fix) |
| October 🇮🇹🇫🇷 | ⭐️ | 8 | ⭐️⭐️ | NO | 280 | NO | 20€ (fix) |
| Bridgecrowd 🇬🇧 | ⭐️⭐️⭐️ | 11 | ⭐️⭐️⭐️⭐️ | Collateral | 130 | YES | Referral |
| Proplend 🇬🇧 | ⭐️⭐️ | 7 - 9 | ⭐️⭐️⭐️⭐️ | Collateral | 117 | YES | Referral |
| Property Partner 🇬🇧 | ⭐️⭐️⭐️ | 9 | ⭐️⭐️⭐️⭐️ | Collateral | 131 ⬆️ | YES | Referral |
| Fixura 🇫🇮 | ⭐️ | 8 | ⭐️ | NO | 100 | NO | X |
| Crowdestate 🇪🇪 | ⭐️⭐️⭐️ | 13 | ⭐️⭐️⭐️⭐️ | Collateral | 64 ⬆️ | YES | X |
| FinBee 🇱🇹 | ⭐️⭐️ | 18 | ⭐️⭐️ | NO | 25 ⬆️ | YES | X |
| Crowdestor 🇪🇪 | ⭐️⭐️ | 18 | ⭐️⭐️ | NO | 2 | NO | X |
| Lenndy 🇱🇻 | ⭐️⭐️ | 12 | ⭐️ | Optional | 22 | NO | X |
| Bulkestate 🇪🇪 | ⭐️⭐️ | 12 - 21 | ⭐️⭐️ | Collateral | 4 | NO | X |
| BorsaDelCredito 🇮🇹 | ⭐️ | 5 | ⭐️⭐️ | Optional | 58 ⬆️ | YES | X |
| Soisy 🇮🇹 | ⭐️⭐️⭐️ | 4 - 7 | ⭐️⭐️ | NO | 3 | NO | X |
| Linked Finance 🇮🇪 | ⭐️⭐️ | 6 - 17 | ⭐️⭐️ | NO | 75 | NO | X |
| Viainvest 🇱🇻 | ⭐️⭐️⭐️ | 11 | ⭐️⭐️⭐️ | YES | 91 | NO | X |
| Flender 🇮🇪 | ⭐️⭐️⭐️⭐️ | 16 | ⭐️⭐️⭐️ | Partial | 9 | NO | 5% (30 days) |
| 🌱Kiva.org 🇺🇸 | ⭐️⭐️⭐️⭐️ | 0 | ⭐️⭐️⭐️ | Trust | 18 | NO | Gift 25$ |
| IbanWallet🇬🇧 | ⭐️ | 6 | ⭐️ | X | X | YES | X |
| FellowFinance🇫🇮 | ⭐️⭐️⭐️ | 8 | ⭐️⭐️ | YES | 511 | YES | X |
| CoinLoan 🇪🇪 | ⭐️⭐️ | 12 | ⭐️ | YES | X | NO | X |
| BrickStarter 🇪🇸🇪🇪 | ⭐️⭐️ | 11 | ⭐️⭐️ | NO | 2 | NO | |
| Reinvest24 🇪🇪 | ⭐️⭐️⭐️ | 7 | ⭐️⭐️⭐️ | YES | 5 | NO | X |
| Wisefund 🇪🇪 | ⭐️ | 18 | ⭐️ | No | 3 | NO | X |
| Swaper 🇪🇪 | ⭐️⭐️⭐️⭐️ | 12 | ⭐️⭐️ | YES | 92 | YES | X |
| Viventor 🇱🇻 | ⭐️⭐️⭐️ | ⭐️ | YES | 113 | YES | X | |
| EvoEstate 🇪🇪 | ⭐️⭐️⭐️ | 11 | ⭐️⭐️⭐️ | YES | 12 | YES | 0,5% |
| 🌱Trine | ⭐️⭐️⭐️ | 8 | ⭐️⭐️⭐️ | YES | 31 | NO | 10€ (fix) |
| 🌱Fundeen 🇪🇸 | ⭐️⭐️⭐️ | 7 | ⭐️⭐️⭐️ | NO | X | NO | X |
| Blendnetwork | ⭐️⭐️⭐️ | 10 | ⭐️⭐️⭐️ | Real Estate | 16 | YES | 1% |
| Nibble 🇪🇸 | ⭐️⭐️ | 12 | ⭐️⭐️ | YES | X | YES | Referral |
| Kviku.Finance🇨🇾 | ⭐️⭐️ | 12 | ⭐️⭐️ | YES | X | NO | 20€ |
| Bondster 🇨🇿 | ⭐️⭐️⭐️⭐️ | 14 | ⭐️⭐️⭐️ | YES | 64 | YES | 1% |
| Lonvest 🇭🇷 | ⭐️⭐️ | 12 | ⭐️⭐️⭐️ | YES | X | YES | X |
I wanted to establish genuine ratings and build a reliable comparison list of P2P crowdfunding platforms (direct loans)
To do so, I applied a complex set of objective and non-objective parameters
For the sake of transparency, I disclose some of these here
Among the objective factors that most affect my ratings are certainly:
- Age of the platform
- Overall size
- Attitude of customer service
- Information I get from management
- Background of the lending office
The existence of a liquid secondary market, the availability of safety nets and ease of use are also crucial.
Why on earth should I also trust non-objective parameters to compare P2P lending websites?
My beautiful arbitrary answer is my experience.
My P2P ratings are heavily influenced by what I’ve learned so far while investing myself.
Why? Because it just worked fine for me, so far. That’s all.
How to choose the right P2P lending site?
I believe the excessive P2P website offer should not scare investors. There are a few ones worth checking and others that are just too young to be assessed for their track record.
The success of investors in P2P lending mainly depends on two factors:
- Choosing the right lending platforms
- Using the P2P tools and automations in a proper and safety-oriented ways
Other objective factors I take into account when choosing the right P2P lending websites:
the ease of transaction – the low fees – the size and the number of the loans – the nationality of the instrument
the type of loans – the amortization model – the cost and modalities of an early exit -the way they deal with bad debt and recovery
the overall transparency – the quality and readability of the disclosed statistics – the APR charged to borrowers
the reliability of the assigned ratings – the openness to international investors – the type of borrowers – the focus on security rather than yields
the possibility to fragment the capital – the number and growth of investors over time
Two last things I personally value a lot, whenever applicable, are:
- the “ethicality” of the loans
- the level of trustworthiness in investors relations
I’ve built this table because I am personally invested in many of these platforms and I have a clear idea of what I want from P2P investing. I use this blog to keep track of my path towards financial freedom and I never stop learning. I use the feedback I receive from my readers to further improve the quality of my production and also for my personal growth.
I do not recommend any of these tools in particular. Don’t trust my website at all costs. Do your own research Click To Tweet
I suggest you collect information and, should you determine P2P investing fits your needs, go for it and make a wonderful informed decision.
Keep in mind at all times that not-investing comes with a (huge) price too.
For standardized ratings written by unknown and non-expert individuals, I recommend you to head to the many average consumer reviews websites.
I do my best to maintain absolute originality and independence in my work.
I do not form my opinions through what is available in the industry forums for obvious reasons. I perform my tests using my own savings. Skin in the game.
These Peer to Peer ratings aim to establish the quality and also the risk/return ratio according to my standards. Always keep in mind that absolute safety does not belong to this world and even less to this type of investment.
Which is the best Peer to Peer lending site ever?
Please don’t answer: “it depends”!
Ok, I won’t…but I also believe there is not an absolute winner.
I also consider that using just one platform can be limiting, as it could be inadvisable to put all eggs in one basket.
I know you’re tired of blogs writing clichés like this one of “the eggs”. I do my best to be straightforward and somehow even helpful. This thing of the eggs and the basket is just killing me softly…
As you already know I don’t only go after the higher yields because I value a lot more the relative “safety” of the tools. P2P is not “safe”100% so I am convinced I have to aim for the safest P2P platforms and the safest setups.
- If I am investing in euros and I want to go for the biggest and most affirmed P2P tool, I could think of Mintos (with a proper setup).
- One of the best P2P lending nowadays is Peerberry (old and reliable.
- Should I think of one of the oldest (older can be also reliable if it got old without dissolving) I think about Bondora (2009). Bondora can be challenging but very rewarding with the right setup.
I like October (Lendix) because it is getting bigger and older. I like Flender because it has the smallest default rate ever (o,7%). Most projects are absolutely cool.
- Thinking about real estate crowdfunding I like Estateguru (12%, in euros) that is growing and has a low default rate.
Bridgecrowd (for bigger pockets), Crowdestate and Property Partner in the UK (the main market for this kind of loans).
How much should one invest in P2P lending?
Like any other investment P2P can be risky, so I will not allocate 100% of my money in P2P.
The main question for me is that P2P resilience has not been tested yet during a deep, painful and prolonged market downturn.
Yes, there was already some P2P lending in the 2007-2012 years but it wasn’t as big as it is now. Before there were stocks, bonds and cash. Now there are also direct loans (and maybe cryptos), so I want to be ready to take the maximum advantage from change.
Will some investors move from stocks to P2P instead of bonds? Will small platforms go belly up? Will first world countries be affected the most? Pascal’s principle of communicating vessels can be applied rather successfully in the financial world to predict the future during a crash. Unfortunately, only a few investors are good with timings, so this is quite useless to the most of us. It will be absolutely interesting to see where the money will go during the next financial crisis.
Honestly? I’m looking forward to profit as much as I can from the next market downturn. In the meantime I protect my P2P investments by selecting the best tools and creating the most sensible setups.
Said this, I’d never invest more than 25% of my savings in P2P lending. I know, some investors do, especially because they like the “low maintenance” investment lifestyle that P2P is offering.
One of the aim of this blog is also to show that wise P2P lending investing is possible. I want to reduce mine and my readers “financial depression risk”. I am using my newsletter to inform of any change or danger that can affect P2P investors from my humble (investor) point of view.
What states allow P2P lending?
Some Muslim countries can have a special regime for P2P because charging interests may not be allowed the way we do it in Europe. Most countries in the world allow and regulate P2P lending practice.
How do I invest in P2P lending?
- I decide if P2P investing fits my needs (do I like higher yields/Higher risks/less volatility?)
- I choose 2 or more platforms to start with
- I deposit and setup automatic investment tools
- I reinvest every single euro I earn to create compound interest
Is P2P lending safe?
Nothing is 100% safe, but I like the low volatility of P2P lending, and the chance to exit the investment offered by many tools.
Is P2P lending profitable?
It is said that more than 95% of P2P investors in Europe make profits steadily above 5%, but this data is just too young the be reliable.
In my case yes, it is highly profitable.
I am a trader and what I enjoy the most is the lower stress I get from diversification in direct loans investing.
I am invested in thousands of loans in more than 20 countries and my average yield exceeds 10% on a yearly basis.
In order to boost my profits I normally sign up using “refer a friend” links that (when available) entitle me to receive a bonus on my first investments. No generous cashback will ever influence my investment decisions.
A good bonus will never convince me to try a bad investment platform.
Are the links in this P2P table safe?
I have made sure that the links in the table are all checked and safe.
These links will take you directly to the respective (and actual) pages of the P2P websites (HTTPS protocol).
Keep in mind that in most cases there is a referral bonus also for the investor at his first signup.
To get the bonus there is no need to add any additional code.
Can one lose money with P2P lending?
I haven’t lost a cent with P2P loans so far, but somebody told me “Past Performance Is No Guarantee of Future Results”, and I believe this a basic rule for every wise and adaptive investor. Of course one can lose a lot of money investing in anything, included peer to peer lending.
I don’t endorse, suggest or support any of the company I mention. For more information read my disclaimer and the message in the footer.
I am not employed by any of the companies mentioned above, and should this change, you will be notified to avoid a conflict of interest.
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.
Kiva.org is a real no-profit. When I use it, I’ll get my capital back, no interests. The same repaid capital can be used over and over again for new loans.
Why most business loans platforms have such lo ratings?
A part from October, most business loans P2P are just newborn and I tend not to trust young Loans websites. If you refer to Envestio, I was not fully convinced of their sustainability and I still think the same. BUT, in the mean time, I did not benefit from their high returns.
The stuff you share on your blog is always easyto read, and implement. Great images and graphics. Thanks for the comparison table above RevenueLand
Happy to help!
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
👉🏻 Here and you’ll also get the most downloaded P2P Lending e-Book in Europe
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?
Hi Cyril, welcome. I prefer Funding Circle over Ratesetter. Both are IFISA. FC is probably getting too big to fail, RS offers a real provision fund. Two different ways to feel “safe”. Since last time I enquired they would not allow me to invest without a UK residency or a UK bank account. I have an old NatWest Bank account but I won’t benefit from ISA. This is why I don’t mention them often.
I can’t believe how much data you put together here. can you also report when was the last update
It was fun working on this table. It is updated every 2 months or less. Last update was December 2019
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.
Trine.com (1,7% low default rate!) and Fundeen.com are absolutely interesting. There is a rising demand in such tools, I will definitely write about it. Thanks for commenting. I will also publish something in the Secrets’ group.
I don’t see Swaper and Viventor in your list. Why?
Swaper and Viventor (better option) are both interesting in order to diversify from Mintos and Grupeer, but beware that some loans originators provide the loans to all those loan marketplaces. This is why lately some investors found out they were overexposed to Aforti.
What is the difference between a 4 stars rating and a 4 stars+ rating ?
Hi! The “+” stands for “my best picks”. I can see it may be confusing so I plan to switch to a more clear visual. Many readers requested a separate table for the “safety assessment”, so I am also working to offer an additional rating on a separate column.
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.
That’s true, Raffaele, but these small P2B platforms are hard to asses due to lack of data and track record. In order to apply the star rating properly I need real numbers and not sensations. For now TFG is far from being listed here. Wisefund and Monethera suffer the same problem and since they are popular I mention them but their rating starts from 1 ⭐️.
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?
I can, but not yet. BTW, thank you for suggesting, Matt, since lendermarket is likely to become the next “golden boy” of P2P (there is Creditstar behind it and that’s good). Lendermarket Limited, registered in the Ireland, registration number 585178, office is at Coliemore Road, Dublin.
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. I am glad to answer.
Flender is a good tool for me, but I need to make sure readers do not consider it a substitute for loans marketplaces like Mintos & friends. The exact words I use are “✅It is possibly one of the safest P2P for business loans in Europe” HERE Flender is still small and limited to 1 country but it offers some of the best business loans in Europe to invest. Only Crowdestate has also some decent business loans at present. Other platforms are too risky for me.
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. I know them personally and I trust that they know what to do. I believe they are not scammers and leaving Grupeer now may only worsen things. On the other hand, if this crisis lasts much longer, I don’t think that small platforms can be a comfortable choice for the future. Grupeer is an honest but still small 80 million platform (Mintos is 5400).
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.