Kirsan Invest Review 2023: Invest in Real Estate & Renewable Energy Projects
Last Update: Fri, Aug 11 2023
I love to diversify my investments on as many great platforms as possible. In this article, I will review the investing platform Kirsan Invest, which I first heard about in 2023. They actually offer a wide range of investment opportunities, from real estate projects to renewable energy projects, so I found this really interesting and wanted to learn more about the platform.
As in all my reviews, I'll start by talking about the platform itself and what returns you can expect from it. Then, we'll dive into the safety aspects of the platform. Finally, we'll see how to get started with Kirsan Invest and start investing on the platform. Let's dive into the review!
What is Kirsan Invest?
As for all investment platforms, Kirsan Invest is a financial platform that allows investors to invest in projects, in exchange of payments of interests over time. Kirsan Invest is based in Tallinn, Estonia, and was launched in 2022.
As I mentioned in the introduction, there are different types of project you can invest on using Kirsan Invest:
- Real estate projects
- Renewable energy projects
They plan to have in the future many different projects in each of those categories.
The platform itself is relatively new, however it is part of the Kirsan Group, which is a large investment group in Europe which has been active since 2010.
One consequence of this - and a great feature that I appreciate about Kirsan Invest - is that they don't use any intermediaries. All projects are done in-house, from the project planning to the construction, with lowers risks for investors.
The Kirsan Group is active in 9 countries, meaning there are great opportunities for investors to diversify on the platform. They already have returned over 17 Millions Euros to their investors.
What returns can I expect from investing on Kirsan Invest?
Whereas the actual revenue you can expect on the platform completely depends on which projects you invest in, they claim that the returns on the platforms can go up to 15%.
I checked the projects they already had on the platform when writing this review, and I could indeed see yields around 11-12%, which is definitely in the upper bracket of yields for similar platforms, so that's definitely some good news here.
Is it safe to invest on Kirsan Invest?
The question of the safety of the investors funds is central when investing on such a platform, as they will be managing all the money that you deposit on the platform and invest it in the projects that you select. When reviewing a new platform before adding it to my portfolio, I look at three things: what the platform offers in terms of guarantees, the company itself (and their team), and finally how the projects listed on the platform are picked.
Risks & guarantees on Kirsan Invest
On Kirsan Invest, most of the risk is coming from which projects you will actually invest in, which we will discuss more in details at the end of this section.
As they are part of the Kirsan Group, it's interesting here to have a deeper look about this company and especially at their track record.
As I mentioned earlier, Kirsan Group has been active since 2010, and already built over 5000 apartments across Europe, so it's safe to say it's a company that has a great experience in the field.
Kirsan Invest also has a very strict KYC process that we'll cover more in details when we will talk about how to open an account & start investing on the platform.
In terms of license, they don't have the European crowdfunding license as they are a direct investment company (as all the projects are done in-house), and therefore this license is not required for them. However they confirmed to me that in the future they want to open an investment fund, and for that they will of course apply for a investment license.
The company & the team
Kirsan Invest is a company registered in Tallinn, Estonia. As for all platforms as I invest on, I checked that they are actually registered in that country in the official company registry, and they are.
I also always like to check the management team of the companies I invest with, especially their key people. So I checked the profile of the Head of Investment of the of the company, Ansis Kukainis:
As you can see, he definitely has a strong experience in the field, as he has direct experience from running financing platform in the past, and especially attracting investment to commercial real estate projects, which he has worked with over a decade.
Therefore, it's safe to say that the company is definitely run by people with a strong experience in the field.
Projects on Kirsan Invest
When I invest on a platform, I always have a very close look at where the projects that people can invest in are coming from, as most of the risks will come from here.
In the case of Kirsan Invest, all projects are done in-house, from the planning of the projects to the construction itself - everything is handled by the Kirsan Group.
As it is a company with a great track record in the field, it's safe to say the projects that you can find on the platform are very well handled by professionals in the field.
Therefore, all those points combined makes it much safer to invest on Kirsan Invest than on other similar investment platforms.
Getting started with Kirsan Invest
Let's now see how to get started with Kirsan Invest and start investing on the platform.
The first step is to open an account and get verified:
This was done relatively quickly, and most of it was done within 5 minutes including the KYC part. After this step, it took a couple of hours for my account to be manually approved by the platform (this step is done for AML reasons).
Next, you will have to deposit funds in your account to start investing in projects on Kirsan Invest. This is also easy to do as well, with a simple bank transfer. Note that there is a 0.5% fees on all deposits on the platform, which I think is a drawback for the platform here as it's usually free on other platforms.
Once this is done, you will be able to start investing on the platform. That's really easy to do on Kirsan Invest, as you can browse available projects from the main Loan Requests page:
There were unfortunately only three projects available on the platform when I started investing which limits a bit the diversification oppurtinities.
By clicking on the ID of the loan, you can access more information about the project, like the total amount, the term of the project and the projected yield:
You will also find pictures of the project, as well as the complete repayment schedule of the loan:
Then, when you want to actually invest in a project, you can do so by simply clicking on the invest button and confirm your investment:
Note that you can invest from just 50 Euros in projects on the platform, which is on the lower end for such platforms, so that's great to get a diversified portfolio on Kirsan Invest.
At the moment, Kirsan Invest does not offer a secondary market or an auto-invest function, however this is something that will most probably see in a near future. I will of course update this review when it changes.
My Own Experience & Returns with Kirsan Invest
Having discovered the platform only in 2023 it's of course way too soon to speak about my own returns with the platform. However, I will definitely invest in more projects as they become available, and I will of course update this article accordingly.
I also wanted to highlight that their support team is really quick and responsive - I had a question about my account and it was all solved in less than one hour.
To sum up, I can definitely say I like this investing platform. What I really appreciate with Kirsan Invest is the fact that they do all the projects in-house, which considerably lowers the risks for investors. The platform provides solid yields in the real estate field, with a large group with a good track record behind the platform, and is also really easy to use. I would have liked to see maybe more features (like an auto-invest function) and more projects - but it is a relatively new platform and I am sure this will evolve soon. Definitely a real estate platform on which I will invest more in the future.