Best P2P Lending Platforms In Europe (Updated September 2019)
Last Update: / by Marco Schwartz
Our goal at TrackInvest is to help you manage your crowdlending investments, but also to help you choose the best platforms for your portfolio. That's why we created this article that lists the four bests Peer-to-Peer lending platforms in Europe, based on our own experience but also on the average results that investors get on those platforms (using anonymized data from TrackInvest).
We selected those platforms based on completely objective criteria, like the average returns for investors and various features like buyback guarantee, auto-invest functions and the presence of a secondary market. We also regularly update this article to make sure you get up-to-date information to make an informed decision. Here is an overview of our current top pick in terms of Peer-to-Peer lending platforms:
The first platform that I wanted to mention in this article is Mintos, which is currently the largest Peer-to-Peer lending platform in Europe. It is the favorite platform of investors using TrackInvest, and also my personal favorite. They now have over 180k investors from all over the world and funded more than 3 billion Euros worth of loans.
It provides really solid returns, above 13% on average looking at our own data, which puts it above most other platforms. Most of the loans on the platform also come with a buyback guarantee, and thanks to the auto-invest function it is really easy to only invest in those loans. Thanks to the huge volume of loans on Mintos, it is also really easy to have a very diversified portfolio on the platform. The auto-invest function is a bit difficult to set up at the start (but they offer great presets), and sometimes a bit slow to invest funds, but it's really nothing that will hurt your returns on the platform.
Overall, we really recommend Mintos and we are not surprised that it is the #1 platform that users have the most in their portfolio. It's a great platform to start a Peer-to-Peer lending portfolio or to diversify your portfolio if you already invested on other platforms.
Solid yields (above 12%)
Largest platform in Europe
Great possibilities to diversify
Buyback guarantee on most loans
Minimum investment from just 10€
Auto-invest function sometimes slow to react
#2 - Fast Invest
The second platform in our ranking is Fast Invest. The platform focuses on consumers loans that all come with a buyback guarantee, and therefore is really safe for investors. As of 2019, they have been active for 4 years, and also the company is profitable which is a very good sign for a Peer-to-Peer lending platform. What is also great about Fast Invest is that they offer loans with high returns, up to 16%. Their auto-invest function is also very easy to set up and will allow you to quickly automate all your investments on the platform.
The only downside that we see about this platform is that for now they don't disclose their loan originators, but we reached out to them and they guaranteed that they will disclose them for future originators that are added to the platform. They also don't have a secondary market at the time this article was written, but it doesnt' really impact returns as there is a large loan volume on the platform.
To sum up, we really recommend having Fast Invest in any investment portfolio. It has everything you could want from a Peer-to-Peer lending platform: great returns, buyback guarantee on all loans, and an auto-invest function that is really easy to setup.
Fast Invest Pros
Solid returns above 12%
Easy to use auto-invest function
Buyback guarantee on every loan
Invest from just 1€
Fast Invest Cons
Doesn't disclose loan originators
#3 - Grupeer
The third platform in this article is Grupeer. Like the other two, it has everything you need in a great Peer-to-Peer lending platform: great returns (above 12%), buyback guarantee on all loan, and an auto-invest function that's really easy to set up. They are also growing really fast, with now over 15k investors on the platform. What makes them different is that they also propose real estate development projects directly on their platform, that also come with the same buyback guarantee like the other loans on the platform. This means instant diversification of your portfolio with nearly no action required.
There is sometimes limited loan volume on Grupeer as they have a lot of investors, but this tends to be less and less a problem on the platform as they continuously add new originators.
Therefore, we really think Grupeer as its place in any investment portfolio.
Easy to use auto-invest function
All loans come with a buyback guarantee
Frequent cashback campaigns
Investment minimum at just 10€
Sometimes limited loan volume
#4 - Bondora
The last platform I wanted to mention here is Bondora. Compared to the other platforms in this article, Bondora doesn't provide any buyback guarantee, but in exchange usually proposes loans with higher return rates. They have over 78k investors and have funded over 269 million worth of loans. They have great returns on average from investors that are using TrackInvest, at 13.31% which actually makes it the Peer-to-Peer lending platform with the best returns on investment over all the platform we are tracking with TrackInvest. They also have a great set of tools to invest in their platform, ranging from Go & Grow for beginners (lower interest rates but the possibility to withdraw money at any time) to their Portfolio Pro option that allows complete flexibility in auto-invest settings.
Of course, the main downside of Bondora is that they don't have a buyback guarantee on any loan. From our own data, most people that actually didn't have good results with Bondora were targeting higher interest rates (over 20%) in their portfolio, meaning that they were also taking a lot of risks. If you invest only in safe loans or choose to use Go & Grow, you should definitely have great returns with Bondora, the higher interests rates compensating the lack of buyback guarantee.
To sum up, I will say that Bondora a platform that has its place in any investment portfolio, but you just need to be careful to select the right option for you depending on your tolerance to risk.
Various options to manage your portfolio
Easy to diversify
Great loan volume
Invest from just 1€
No buyback guarantee
High risk loans available
That's it for our best recommend Peer-to-Peer lending platforms! As I mentioned before, we regularly update this list to include more recent data coming from our users at TrackInvest, as well as our own opinion on those platforms. Of course, we recommend trying out all of the platforms that are in this article as the key element of any solid Peer-to-Peer lending portfolio is to diversify. Also if you have any questions about this article don't hesitate to ask them below in the comments!
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