Best European P2P Lending Platforms in 2020

Last Update: March 28th 2020 / by Marco Schwartz

Peer-to-Peer lending is one of my favorite ways to invest money, especially because it can be completely automated and the returns are great. I am often asked what are my favorite platforms to invest in, which is why I decided to write this article in which I'll tell you what are my four favorite Peer-to-Peer lending platforms.

You will notice that all of those platforms are located in Europe. Indeed, as a European resident, I can't, for example, invest in platforms in the US, and I am of course only recommending platforms I am using myself. However, most of those platforms accept investors from outside of Europe. Here is an overview of my current top four platforms in Europe:

Mintos

Yield

12.43%

Rating

Buyback Guarantee

Auto Invest

Sec. Market

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Twino

Yield

10.94%

Rating

Buyback Guarantee

Auto Invest

Sec. Market

Learn More

Viainvest

Yield

10.74%

Rating

Buyback Guarantee

Auto Invest

Sec. Market

Learn More

PeerBerry

Yield

11.31%

Rating

Buyback Guarantee

Auto Invest

Sec. Market

Learn More

#1 - Mintos

The first platform that I wanted to mention in this article is Mintos. Mintos is currently the largest Peer-to-Peer lending platform in Europe, and offer a huge amount of loans to invest in. This makes it a really interesting platform to invest in, as it gives you exposure to several countries and several kinds of loans in each country. That's instant diversification on a single platform. The platform also offers solid returns to investors, around 12%.

On top of that, the interface is really easy to use, and they also have a great portfolio manager so you can set everything once and then just let it invest for you. A large portion of their loans is actually also protected by a buyback guarantee, meaning that even if somebody stopped paying back a loan you will still get your money back.

As for all platforms in this article, I've been investing personally on Mintos (since 2015). Here is a graph showing my accumulated gains from Mintos since I started investing:

Best European P2P Lending Platforms in 2020

As you can tell, I got solid returns from Mintos since I started investing more than 4 years ago. I currently have a solid yield on the platform at nearly 12%, and my money is safe as I invested only in loans with buyback guarantee. Therefore, I definitely recommend Mintos as the best European Peer-to-Peer lending platform. It's the ideal platform to start an investment portfolio or to add to an already existing portfolio.

Mintos Pros

Buyback guarantee on most of the loans

Huge amount of loans available

Really easy to diversify

Auto-invest function

Secondary market

Mintos Cons

Auto-invest function sometimes slow to react

#2 - Twino

The second platform I wanted to mention here is Twino. As for other platforms I mention on this page, most of their loans come with a buyback guarantee, so it's a really safe platform to invest in. As of 2020, they have been active for 5 years, and also have been profitable which is very good sign of stability in the future.

What makes Twino different from the other platforms inside this article is that they also propose real estate investment opportunities called Twino Ventures, which allows you to easily diversify in many assets while staying on the same platform. You can also completely automate your investments on the platform, so Twino is also a platform where you can make completely passive Peer-to-Peer lending investments.

I've been investing on Twino since 2015, and never had any issue with the platform. Here are my accumulated returns since I started to invest on the platform:

Best European P2P Lending Platforms in 2020

As you can tell, Twino has been delivering consistently since the beginning, and I really recommend it to put in any investment portfolio.

Twino Pros

Solid returns (around 11%)

Buyback guarantee

Possibility to diversify in real estate projects

Twino Cons

Sometimes limited loan volume

#3 - Viainvest

The third platform I will mention here is Viainvest. As for other platforms in this review, Viainvest proposes a buyback guarantee on most of the loans present on the platform, which is something very nice to have as an investor. Their auto-invest function also works great, and is very easy to setup. Viainvest also has a very clear and easy to use interface, and excellent customer support that solved some issue that I had in a matter of minutes.

What makes Viainvest different from other platforms is that they are actually in the middle of getting an investment brokerage firm (IBF) license, which would make them the first platform of this kind to get such a license. This is definitely a great signal for investors, as it means they are a very transparent company and always willing to innovate to be more trustworthy for investors.

I've also been investing personally on Viainvest since 2018, and here is a graph showing my accumulated returns on the platform:

Best European P2P Lending Platforms in 2020

Similar to the first two platforms, I had solid results since the beginning on Viainvest, and therefore I really recommend having this platform in your portfolio.

Viainvest Pros

Solid returns around 11%

Buyback guarantee on all loans

Efficient auto-invest function

Viainvest Cons

No secondary market

#4 - PeerBerry

The last platform I will mention here is PeerBerry, which is a solid Peer-to-Peer lending platform in which I started to invest in back in 2018. They also offer everything you need from a good Peer-to-Peer lending platform: buyback guarantee on most loans, a great diversity of loan originators & loan types, and an auto-invest function that is really easy to setup. Plus, they offer good interest rates as well, and I only got solid results from the platform since I started investing:

Best European P2P Lending Platforms in 2020

They also have a great team that is always there to answer any questions. Therefore, I also recommend adding PeerBerry to your Peer-to-Peer lending portfolio in order to diversify your investments.

PeerBerry Pros

Buyback guarantee on all loans

Great auto-invest function

Really easy to use

Easy to diversify

PeerBerry Cons

Sometimes limited loan volume

Returns slightly lower than competition

Those four platforms are really my favorite, and as you can see in the details of my portfolio I currently have investments in all of them. People often ask me which is the number one platform that they should invest in. It's difficult to really give an answer as I recommend diversification in several platforms, but I systematically answer Mintos as my favorite platform to get started in Peer-to-Peer lending investment. The platform is easy to use, most of the loans come with a buyback guarantee, and also they are always diversifying into more and more countries & loan originators. So definitely my number one pick when it comes to Peer-to-Peer lending.

Do you also have a favorite platform for P2P lending investments? Do you agree with my selection? Don't hesitate to comment below!

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kingsley willams 13 days ago

Bliss of the day! I'm kingsley willams, A private loan lender who gives out loan to individuals, companies, and government establishments. Have you been looking for financing options for your new home purchase, construction, mortgages, real estate loan, refinance, debt consolidation, personal or business purpose? Welcome to the future! Financing made easy with us. Contact us as we offer our financial service at a low and affordable interest rate of 3% for long and short loan term.Interested applicant should contact us for further loan acquisition procedures via email. Email: [email protected] us with the followings PERSONAL INFORMATION Full Name...........Loan Amout.........Needed.........Duration.........Gender.........Religion.........Province/State........City...........Country...........AGE.............Contact Address.........Occupation............Monthly Income...........Cell Phone Number..........Purpose Of Loan...........Have you apply before(yes or no).........Good Luck Thanks and Regards for more details contact via email! [email protected] number +393510052121...

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Mathias 19 days ago

Ive been investing to Twino for many years but now it stops. For these reasons; suddenly my Buybacks changed to Payment guarantees. Why this happened is not known. Now, my delayed portfolios autoinvest terms changed from ”1-6months” to ”1-60months” (?) . It seems now that the payments I thought was Buyback with max 6 month terms is now schetchuled to be received with in the next 60 months....Very, very dissapointed with this kind of behaviour

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Chua Wai Yuen 2 months ago

Do those p2p platforms accept investors from Malaysia ?

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Marco Schwartz Chua Wai Yuen 2 months ago

Hi! That's a good question, I am currently compiling data about those platforms on my site https://p2padvisor.io/ where you will be able for example to filter by country in a near future :)

Danuela 4 months ago

after Envestio you understand that the greatest risk does not come from who finances, but from the platform, which can disappear with your euros. € 4800 gone. Nobody controls anything

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kostas Danuela 4 months ago

please Danuela give some more info on what you are saying about those 4800 euros

Joseph Galea 5 months ago

Hi Marco, Great article as usual! What do you think of Mintos Pending payments? I am worried that it will be an issue of loan defaults :( especially their recent announcements on LuteCredit and Monego :(... What do you think? Thanks

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Marco Schwartz Joseph Galea 4 months ago

Hi, thank you! I think pending payments simply add more transparency to the platform - I believe the best way to avoid any issues with defaults is to diversify across as many loan originators as possible on the platform.

Chris F. 6 months ago

Great article indeed! I agree about Mintos being my #1 choice when it comes to p2p investing. I’m also considering some other platforms. Have you heard about some of these? -> https://futuroh.es/ranking-plataformas-crowdlending/ I don’t know too much about some of them. Any advice? Thanks a lot. Cheers!

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Julien 7 months ago

For those who come from France or Belgium, I started crowdleding two years ago, I had time to test cool platforms like wesharebonds and www.lookandfin.com, however there are others (I won't name them) that are much less serious. I can only advise you to get the information you need before you take action!

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Vincent Feltkamp 7 months ago

The UK is more than 75% of the market in Europe, even after Brexit the UK will be in Europe. the Largest one in the UK, Zopa is much bigger than Mintos. It doesn't apparently allow investors nor creditors from outside the UK though.

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Bruno Leal 7 months ago

I've been investigating this P2P type of investments and I've invested for now in Mintos and Grupeer. I was planning to invest on Fast Invest, but I'm getting some "bad reviews" feedback in terms of company being trustworthy. For example, they have (or had at some point in time) offices in the UK, but they don't accept investors from the UK, they don't disclose the loans originators, etc. What is your view on this?

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Gabriele 8 months ago

Secondary market on Grupeer? https://www.grupeer.com/secondary-market

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Marco Schwartz Gabriele 8 months ago

Updated the article :)

Roderik 10 months ago

I am a bit surprised to see that if these are your 4 favourite platforms it doesn't really line up with your allocations. You allocate only a small part of your crowdlending portfolio to Grupeer and Fast Invest, compared to much larger allocations in Property Moose and House Crowd (which did not make it into this top 4 list). What is the reason that your allocations are so different, or is the money stuck in these platforms and you are currently less happy with them?

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Marco Schwartz Roderik 10 months ago

Hi Roderik, basically in this article I only talk about Peer-to-Peer platforms focused on consumer loans, which is why Housers or Property Partner don't appear. You can actually find them on my other article: https://marcoschwartz.com/best-real-estate-crowdfunding-platforms

Bert a year ago

Thanks for the article! I have invested around 1000 Euros each on Mintos, Bondora and Twino. I started about a year ago and thus far, it mostly seems to be going well although both Twino and Mintos constantly leave cash in my account as their portfolio managers can't seem to find any investments that match my criteria. However, the main question that I'm asking myself is "how likely is any of these platforms going to fail?". Since they spread your money over dozens of investments (typically averaging 3 to 10 Euros per loan, depending on settings) it seems very unlikely to me that anyone would be able to collect their money should the platform itself default. In theory there's a direct contract between the investor and the debitor and the platform only arranges it and takes a cut - but trying to chase a 1000 Euro investment split into 150 different loans, all spread across Estonia, Latvia, Russia and Spain... that seems rather unrealistic to me :-) I may have this wrong (and please correct me in that case) but so far my general take on P2P investing is: Only invest money that you're ready to lose, entirely. China just recently saw a whole bunch of P2P platforms fail, and once the first one in Europe fails I wouldn't be surprised about some sort of a domino effect here either. It might be caused by rising interest or tighter regulation or Brexit or whatever combination of triggers it takes... But it would be very interesting to hear some more opinions on this topic as it seems to be an aspect that is rarely discussed on the web, for whatever reason. Maybe I'm just being paranoid, who knows?

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Marco Schwartz Bert a year ago

Hi Bert, thanks for the comment! Well first indeed what you say is true for investing in general: only invest money that you're ready to lose. That's the case for any investment, or you just put the cash under your mattress :) Joke aside, in China it was a complete chaos before the regulation, with a lot of fraudulent platforms that never actually invested in anything. What I can tell you for Europe is that all the platforms I invest in are run by great people (I now actually met many of them in person), and that more tight regulations are definitely coming. That one or two platforms will fail I can imagine (that's why always diversify), but we are in a completely different position as what was in China before the regulation.

Best European P2P Lending Platforms in 2020

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