Best Peer to Peer Lending Platforms

Best Peer to Peer Lending Platforms (graded and ranked)

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Are you wondering which P2P platforms you want to invest in P2P loans on? Or are you looking for new platforms? Then you are in the right place.

We have graded and ranked over 15 P2P platforms.

In this article, we will show you:

Top 5 P2P platforms

The following platforms have ranked the best in our review.

We rated the platforms according to three criteria that, we believe, are essential for a good platform:

  • Security

  • Interest & Risk

  • Functions

If you want to know exactly how the criteria and points are made up, then you can read this here

Let us have a closer look at the top 5.

#1 Mintos

Mintos

Mintos is based in Riga in Latvia and was founded in 2014. It offers P2P loans between investors and loan brokers (loan originators) who are independent of the platform. This explains why Mintos is also called a P2P marketplace.

Since its inception, the platform has funded more than €8 billion worth of loans, making it the largest P2P platform in Europe.

  • Regulated and experienced platform with investor protection

  • Comparatively, high Ø interest rates of 12.73%

  • Free investing with automatic investment feature, 🛡️ buyback guarantee and 💶 secondary market

Mintos ranks #1 with 4.8 out of 5 stars.

Explore the Mintos test

#2 Twino

Twino

Twino is based in Riga, Latvia and was founded in 2015. It is a subsidiary of SIA Twino, which is also based in Latvia. On Twino, almost without exception, P2P loans are offered by loan brokers (loan originators) belonging to the same company.

Since its inception, the platform has funded more than €1 billion worth of loans, making it one of the largest P2P platforms in Europe.

  • Regulated and experienced platform with investor protection

  • Invest for free with automatic investment feature and 💶 secondary market

  • Comparatively, slightly higher Ø interest rates of 12.00%

  • Without 🛡️ buyback guarantee

Twino scores 4.6 out of 5 stars.

Explore the Twino test

#3 viainvest

viainvest

viainvest is based in Riga, Latvia and was founded in 2016. It is a subsidiary of VIA SMS Group, which is also based in Latvia. Almost without exception, viainvest only offers P2P loans from loan brokers (loan originators) that belong to the same company.

Since its inception, the platform has financed loans worth more than €300 million, making it one of the medium-sized P2P platforms in Europe.

  • Regulated and experienced platform with investor protection

  • Comparatively, high Ø interest rates of 13%

  • Free investing with automatic investment function and 🛡️ buyback guarantee

  • No 💶 secondary market

Viainvest scores 4.3 out of 5 stars.

Explore the viainvest test

#4 NEO Finance

Neo Finance

NEO Finance is based in Vilnius, Lithuania and was founded in 2015. The P2P loans offered on the platform are brokered by the platform itself under the brand name Paskolu Klubas.

Since its inception, the platform has funded more than €100 million worth of loans and is one of the smaller P2P platforms in Europe.

  • Regulated and experienced platform

  • Comparatively, slightly higher Ø interest rates of 12%

  • Free investing with automatic investment feature, 🛡️ buyback guarantee and 💶 secondary market

NEO Finance scores 4.3 out of 5 stars. Based on the second decimal place, NEO Finance scores slightly below viainvest, which is why the platform only ranks 4th.

explore the NEO finance test

#5 iuvo

iuvo group

iuvo is based in Tallinn, Estonia and was founded in 2016. It is majority owned by Management Financial Group (MFG) from Bulgaria. On iuvo you can invest in the loans of loan brokers (loan originators), a large number of which also belong to Management Financial Group.

Since its inception, the platform has financed loans worth more than €300 million, making it one of the medium-sized P2P platforms in Europe.

  • Regulated and experienced platform

  • Invest for free with automatic investment function, 🛡️ buyback guarantee and 💶 secondary market

  • Comparatively, lower Ø interest rates of 8%

Iuvo scores 3.8 out of 5 stars.

Explore the iuvo test

Overview of all P2P lending platforms

But also among the other tested candidates, there are good platforms that could be worthwhile for you.

We would recommend that you to spread your investments over 5-8 P2P platforms to reduce your risk. Therefore, you should definitely also take a look at the others.

Platforms in alphabetical order

Bondora

Bondora

  • Regulated and experienced platform

  • Invest for free with automatic investment function, 🛡️ buyback guarantee and 💶 secondary market

Explore the Bondora test

Bondster

Bondster

  • Experienced platform

  • Free investing with automatic investment feature, 🛡️ buyback guarantee and 💶 secondary market

  • Not regulated

Explore the Bondster Test

Esketit

Esketit

  • Invest for free with automatic investment function, 🛡️ buyback guarantee and 💶 secondary market

  • Not regulated, less experienced platform

Explore the Esketit test

Estateguru

Estateguru

  • Experienced platform

  • Invest for free with automatic investment feature and 💶 secondary market

  • Not regulated

  • Without 🛡️ buyback guarantee

Explore the Estateguru test

Lendermarket

Lendermarket Logo

  • Experienced platform

  • Free investing with automatic investment feature and 🛡️ buyback guarantee

  • Not regulated

  • Without 💶 secondary market

Explore the Lendermarket Test

Nibble

Nibble

  • Invest for free with automatic investment feature and 🛡️ buyback guarantee

  • Not regulated, less experienced platform

  • No 💶 secondary market

Explore the Nibble test

PeerBerry

PeerBerry

  • Experienced platform

  • Free investing with automatic investment feature and buyback guarantee

  • Not regulated

  • Without 💶 secondary market

Explore the PeerPerry Test

Profitus

Profitus

  • Regulated platform

  • Invest for free with automatic investment function and 💶 secondary market

  • Without 🛡️ buyback guarantee

Explore the Profitus Test

Reinvest24

Reinvest24

  • Invest for free with 💶 secondary market

  • Not regulated, less experienced platform

  • Without 🛡️ buyback guarantee

Explore the Reinvest24 test

Rendity

Rendity

  • Experienced platform

  • Not regulated

  • Without 🛡️ buyback guarantee and 💶 secondary market

Explore the Rendity Test

Robocash

Robocash

  • Experienced platform

  • Free investing with automatic investment feature, 🛡️ buyback guarantee and 💶 secondary market

  • Not regulated

Explore the robocash test

Swaper

Swaper

  • Experienced platform

  • Invest for free with automatic investment feature and 🛡️ buyback guarantee

  • Not regulated

  • No 💶 secondary market

Explore the swaper test

How did we rate?

We rated the platforms on three criteria: safety, interest & risk, and features.

The best platform offers high safety, the highest interest rates with calculable risks, and at the same time all the useful features we want to see in a platform.

40% Security

  • Age: 5 points for ≥ 5 years, 4 points for ≥ 4 years, 3 points for ≥ 3 years, 2 points for ≥ 2 years, 1 point for ≥ 1 year, 0 points for ≥ 0 year

  • Funded loans: 5 points for ≥ 500 million, 4 points for ≥ 300 million, 3 points for ≥ 100 million, 2 points for ≥ 50 million, 1 point below 50 million

  • Regulation: 5 points, otherwise 0 points

40% Interest & Risk

  • Average interest: 5 points for highest interest rates, 4.9 - 1.1 points depending on value, 1 point for lowest interest rates (relative rating)

  • Red flags: 5 points if at 0 warning signals, 1 point deduction per warning signal.

20% Features

  • Automatic investing: 5 points if available, 0 if not

  • Buyback guarantee: 5 points if available, 0 if not

  • Secondary market: 5 points if available, 0 if not

  • Tax report: 5 points if available, 0 if not

  • App: 5 points if available, 0 if not

Bottom line: how do you find the right P2P platform for you?

When choosing the right platform, it is not only the return that matters. But also the security, interest rates, risks and availability of the functions.

We looked at and evaluated all of these points for P2P platforms.

Which platform is the right one for you now?

The answer: several at once.

Successful P2P lending means that you spread your investment amount over several loans via the best platforms. This way, you lower the risk of one platform failing and you have a wider variety of P2P loans to invest in.

Check out the top platforms in our comparison and choose 3-5 platforms to start with.

💡 Tip: Choose platforms that have a variety of offerings, such as loans from different countries or a mix of short-term consumer loans and longer-term real estate loans.

And if you're just starting to invest, check out our beginner's guide.