Indemo Review 2025
A Regulated Real Estate Investment Platform
Quick Verdict
Indemo is a fully EU-regulated real estate investment platform that offers something unique: discounted debt investments alongside traditional mortgage loans. The platform is regulated by the Central Bank of Latvia with €20,000 investor protection, and passported to Germany and Spain.
While new (launched 2023), the experienced team with Mintos background and the innovative approach to real estate investing makes Indemo a solid addition to a diversified portfolio. I especially like the discounted debt investments which can yield 15%+ returns.
Try Indemo Free →What is Indemo?
Indemo is an investment platform that allows investors to access real estate assets on the Spanish market. Based in Riga, Latvia, the platform launched in 2023 after two years of development starting in 2021.
What makes Indemo different from other similar platforms is that they offer two types of real estate investments: mortgage loans and discounted debt. The discounted debt investments are particularly unique in the P2P market, offering higher yields for investors willing to wait for property sales.
I love to diversify my real estate investments across as many great platforms as possible, and I added Indemo to my portfolio in 2023. In this review, I'll share the platform's biggest strengths and weaknesses, and what you can expect from investing.
Indemo platform interface
Two Ways to Invest
Choose between traditional mortgage loans or unique discounted debt investments
Mortgage Loans
Classic secured loans backed by real estate. Invest in loans with low LTV ratios, meaning the property value far exceeds the loan amount.
- ✓Backed by operational properties (apartments, houses)
- ✓Low LTV ratios for better security
- ✓No construction/development risk
- ✓Regular interest payments
Discounted Debt
Unique investments in defaulted mortgage loans bought at significant discounts from major Spanish banks. Higher returns when properties are sold.
- ✓Bought at ~40% discount from banks
- ✓50% profit share on sale proceeds
- ✓Basket of 8 debts per Note for diversification
- ✓Real-time Flow page tracks recovery progress
How Discounted Debt Works
Discounted debt investments are created from mortgage loans where borrowers have stopped making payments. Large Spanish banks (Sabadell, Santander, BBVA, Caixabank, etc.) sell these loans at a considerably discounted price, including the real estate asset attached.
By investing in Notes, you gain exposure to these debts at a significant discount—usually around 40% below market value. Each Note contains a basket of 8 debts for diversification.
Once each property is sold for its market value, investors receive a 50% profit share from the difference between the discounted price paid and the sale proceeds.
Example of a discounted debt investment on Indemo
Is Indemo Safe to Invest On?
I evaluate platforms on three areas: guarantees, company/team, and project originators
EU Regulated
Fully regulated and supervised by the Central Bank of Latvia. Passported to Germany (BaFin) and Spain (CNMV).
€20,000 Protection
Funds protected up to €20,000 by the EU investor compensation scheme as a regulated platform.
Secured by Property
All investments backed by real Spanish property—apartments and houses, not construction sites.
Independent Valuations
Properties valued by independent appraisers like Idealista, Tinsa, and Thirsa.
Understanding the Security
Mortgage Loans: LTV
Low Loan-to-Value ratios mean the property value far exceeds the loan. If problems occur, selling the asset covers investor funds plus legal costs.
Discounted Debt: PTV
Price-to-Value around 50% means you're buying at half the property value—a significant buffer against market fluctuations when the property is sold.
No Construction Risk
All properties on Indemo are operational premises—apartments or private houses. No construction or development risks, unlike some real estate platforms where recovery from unfinished projects can be difficult.
The Company & Team
Indemo is a registered company in Latvia, verified in the official company register. They publish audited annual financial reports according to IFRS standards.
I've personally communicated with their CEO Sergejs for nearly 2 years as they were building the platform. The team clearly cares about their investors.
Getting Started with Indemo
Open & Verify Account
Quick registration—done in under 5 minutes including ID verification via Veriff (same service used by Mintos and Estateguru). Complete the suitability questionnaire to unlock investing.
Deposit Funds
Bank transfer via LHV Bank (UK/Estonia based) with Instant SEPA deposits—your money can reach your account in seconds.
Browse the Investment Map
View all projects on an interactive map showing locations, annual returns, LTV, and note amounts. Minimum investment is just €10—much lower than most platforms.
Invest or Use Auto-Invest
Click on projects for full details including financial information and repayment schedules, or enable auto-invest to automate your investments.
Investment map showing all available projects in Spain
Withdrawal Test ✓
As with all platforms I review, I tested withdrawals. Money was back in my account in just 2 days—fast and reliable.
Pros & Cons
Pros
- ✓Fully EU-regulated with €20K investor protection
- ✓Unique discounted debt investments with 15%+ returns
- ✓Backed by real Spanish property (no construction risk)
- ✓Experienced team with Mintos background
- ✓Low minimum investment (€10)
- ✓Investment map shows all project locations
- ✓Auto-invest function available
- ✓Instant SEPA deposits via LHV Bank
- ✓Fast withdrawals (2 days)
Cons
- ✗Relatively new platform (launched 2023)
- ✗Limited to Spanish market only
- ✗Smaller portfolio compared to established platforms
- ✗Discounted debt has longer investment horizons
My Results So Far
I started investing on Indemo in 2023, so it's still early for long-term yield data. However, everything has gone smoothly so far and I plan to invest more on the platform.
Final Verdict
Indemo is a solid, fully EU-regulated real estate platform that offers something unique in the market: discounted debt investments with potential 15%+ returns. The platform is backed by an experienced team with Mintos background, and the €20,000 investor protection adds extra security.
While new, the innovative approach to real estate investing, clear interface with the investment map, and focus on operational properties (no construction risk) make Indemo a worthy addition to a diversified real estate portfolio. I recommend it for investors looking to diversify their real estate exposure.