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Best P2P Lending Platforms in Europe (February 2020 Update)

Best P2P Lending Platforms in Europe (February 2020 Update)

Last Update: / 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
Secondary Market
Fast Invest
Yield
13.18%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
Grupeer
Yield
13.95%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
PeerBerry
Yield
11.31%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
#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 P2P Lending Platforms in Europe (February 2020 Update)

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 - Fast Invest

The second platform I wanted to mention here is Fast Invest. They propose high-quality loans that come with a buyback guarantee, so it's a really safe platform to invest in. As of 2018, they have been active for 3 years, and also have been profitable which is very good sign of stability in the future. What makes Fast Invest different from the other platforms inside this article is that they usually propose loans with quite high yields (above 14%), so it's a great addition to your portfolio to raise your average return on investment. You can also completely automate your investments, so Fast Invest is also a platform where you can make completely passive Peer-to-Peer lending investments.

I've been investing on Fast Invest since 2018, and never had any issue with the platform. Here are my accumulated returns since I started to invest on the platform:

Best P2P Lending Platforms in Europe (February 2020 Update)

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

Fast Invest Pros
Great returns
Buyback guarantee on every loan
Easy to use auto-invest function
Great user interface
Fast Invest Cons
No secondary market so far
#3 - Grupeer

The third platform (and the one I like more and more these days) I will mention here is Grupeer. Compared to other platforms, some of the loans available on the platforms are attached to real estate projects, for example, renovating a building. This makes it really interesting, as you can invest in 'typical' P2P lending loans but also directly in real estate development projects. Those real estate investments are actually listed on a separate page, so you can really get a lot of details about each of them before investing.

As for other platforms in this review, Grupeer also proposes a buyback guarantee on most of the loans present on the platform, which is something very nice to have as an investor. There is also a cool auto-invest feature, that is easy to set up and that can both invest in Peer-to-Peer lending loans as well as in real estate projects, to quickly obtain a diversified portfolio. Grupeer 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.

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

Best P2P Lending Platforms in Europe (February 2020 Update)

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

Grupeer Pros
Great returns
Auto-invest function
Buyback guarantee on all loans
Real estate projects
Grupeer Cons
Sometimes limited loan volume
#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 P2P Lending Platforms in Europe (February 2020 Update)

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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Danuela a month 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 a month ago
please Danuela give some more info on what you are saying about those 4800 euros
Joseph Galea 2 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 25 days 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. 3 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 3 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 4 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 4 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 5 months ago
Secondary market on Grupeer? https://www.grupeer.com/secondary-market
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Marco Schwartz Gabriele 5 months ago

Updated the article :)

Roderik 7 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 6 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

Alfredo 7 months ago
About Fast Invest, in MoneyBack Guarantee they say " it’s important to note that whenever you sell a loan ahead of time, you lose all the interest accrued so far. You will only receive the full amount of the initial investment. The MoneyBack Guarantee icon indicates those payments that have been secured by our Moneyback Guarantee. How they do that? If the money is credited on your account every month and you withdrawal it, how they take the money they already give?
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Marco Schwartz Alfredo 6 months ago

Hi Alfredo, in the case there is not enough money on your account to cover it they will block money on future earnings.

Lars Woetmann Pedersen 9 months ago
You must be joking, so many people have lost money on Bondora because of the high default rates and you still rank it in the top 4???
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Marco Schwartz Lars Woetmann Pedersen 8 months ago

Hi, I believe many people lost money on Bondora by investing in high-yielding loans that all defaulted. I suggested, however, to use the platform by investing only in the best-rated loans, or via Go & Grow. With this approach, I believe Bondora is an excellent platform to invest on.

Nicola 9 months ago
Do you really like Bondora? when did you start investing with them? I have a lot of doubts regarding their underwriting process, using the platform since 2015.
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