Marco Schwartz
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Limedot Review: a Peer-to-Peer Lending Platform with High Returns

Last Update: Thu, Aug 17 2023

I love to diversify my Peer-to-Peer lending investments on as many great platforms as possible, which is why I continuously review new platforms & share my experiences with those platforms on my site. In this article, I will review the Peer-to-Peer lending platform Limedot, which I added to my portfolio in 2023.

In the article, I will tell you what I think are the biggest strengths (and weaknesses) of the platform, how to start using it, and what you can expect from investing on the platform. Let's start!

What is Limedot?

As for all Peer-to-Peer lending platforms, Limedot is a financial platform that allows investors to invest in loans, along with other investors in order to get interests payments over time. Limedot is a relatively new platform, as it was launched in 2022. The company is incorporated in Ireland.

What I really like about this platform is that they offer high interests rates, up to 15%. They also focus on complete safety for investors, as well as providing complete automatisation of the investment process, which is of course something I will verify in this review.

Having just launched, there is not a lot of data available at the moment about their number of users or amount of loans funded, but I will update this section as soon as this becomes available.

What returns can I expect from investing on Limedot?

The returns you can expect on Limedot will of course depend on which loans you invest in. Currently, with the information from their loan originators listed on the platform you can get up to 15% of annual returns, and they advertise an average annual return of 15% for investors on their main page as well.

This is good as it is the above the average that you can get on several similar platforms in the field, and I will of course verify that when I talking about how to get started on the platform.

Is it safe to invest on Limedot?

The question of the safety of the investors funds is central when investing on a Peer-to-Peer lending platform, as they will be managing all the money that you deposit on the platform and invest it in the loans. When reviewing a new platform before adding it to my portfolio, I look at three things: what the platforms offers in terms of guarantees, the company itself (and their team), and finally the source of the projects present on the platform.

Risks & guarantees on Limedot

On Limedot, all loans present on the platform are coming with a buyback guarantee - meaning that if someone doesn't pay back his loan, after a period of time the loan will be automatically bought back by the loan originator and the money returned to the investors. This is now pretty standard on several platforms, but it is definitely something good to have for the security of your investments.

They also have skin in the game - meaning that their loan originator shares the risks along with the investor in case of default.

They also put security as a priority of the platform - having for example a fully automated identity verification process, as well as following all the regulations in terms of GDPR.

The company & the team

As I mentioned earlier, the company is incorporated in Ireland. As for all platforms I add to my portfolio I checked if the company was officially registered in Ireland, and it is indeed.

It was also very easy to find information about their team, which is something I really like to see on such a platform.

As for all the platforms I invest on, I checked the profiles of the management team of the platform to see their experience in the field. Especially here, as they put the experience of their team as a strong argument for the performance and reliability of the platform.

And indeed, they do have a really strong team. Their CEO for example, Marek Krakops, has a strong experience in the field of finance, with 15 years of experience leading Fintech companies. For him, Limedot is really the main project of his life - and he left a comfortable manager position to create this platform.

The rest of their team is composed of really experience people as well, for example their Platform Lead Martins Baude who has over 14 years of experience in the banking sector.

So definitely a strong team of professionals with a lot of experience in the fintech & banking fields, which is a really good point for this platform.

Loan originators

I always checked where the loans are coming from on a platform, as this is really important for the security of your investments. For example, they are responsible for paying the buyback guarantee that I mentioned earlier.

In the case of Limedot, they currently have one loan originator based in Vietnam, Alocash Company Ltd, that offers business loans on the platform.

It was also really easy to find more information about the loan originator present on the platform:

Overall, I like the fact they that they provide good transparency about their loan originators, so definitely a good point for the platform here. I would just have liked more diversity in terms of loans originators, but that will probably come in the future.

Getting started with Limedot

It is actually really easy to get started with Limedot and have your money start generating interests on the platform.

The first step is to open an account and get verified. This was done really quickly, and including the ID verification part it was all done in under 10 minutes.

Next, you will have to deposit funds in your account to start investing in loans and generate interests. This is also really to do with Limedot, as you can do it via a bank transfer. They support instant SEPA transfers as well, so if you send money from a bank that supports it as well, your money can be on the platform in less than a day.

Once this is done, you can actually start investing in loans on the platform. As a platform has an auto-invest function, this is what I used to invest on the platform:

Once activated, it will automatically start investing in loans for you:

I immediately saw my money being invested on the platform after activating it.

There is now also a secondary market on the platform, which is makes it easier to invest in loans if you are new on the platform.

As for all the platforms I review, I also tried to withdraw money, and the money was back on my account in just 1 day.

My Results so far with Limedot

With the settings that I used on Limedot, I should get returns of around 15% annually. It is of course too early to talk about long-term yields on the platform, but I can say that so far everything went smoothly and I will definitely invest more on the platform in the future.

Should you invest on Limedot?

I can definitely say that I enjoy using Limedot as an investment platform. It is a well-built platform, has good yields, and are fully transparent about their loan originators. Their team is also qualified to run the platform, and they are very responsive to users queries and always ready to help. 

I would have liked to see more loans originators and more loans as well, but that will probably change as the platforms expands and grows in the future. I would also have liked to see more short-term loans as current loans as quite long (as it is the case for most business loans).

For all those reasons, I can really recommend trying out Limedot and add it in any investment portfolio.