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NEO Finance Review: Is it good? Don't invest before you read this! (2/2023)

NEO Finance

NEO Finance

A. Vivulskio g. 7, 3162 Vilnius

Test result

4.24 of 5

€10 NEO Finance Bonus Code


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Interest & Risks

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  • Regulated

  • Experienced platform

  • Comparatively high Ø interest rates

  • Invest free of charge

  • Automatic investment function

  • Buyback guarantee

  • Secondary market


  • No app

How good is NEO Finance?

If that's what you want to know, then keep reading.

We took a close look at the platform and tell you whether it's worth it.

In this test, we show you:

What is NEO Finance?

Infographic: how does NEO Finance work

NEO Finance is a P2P platform from Vilnius in Lithuania, founded in 2015.

The P2P loans offered on the platform are originated 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 small P2P platforms in Europe.

How does NEO Finance work?

You must first register on NEO Finance and then deposit money via a bank transfer before you can start investing.

With your first deposit via a standard bank transfer, you also confirm the bank account to which withdrawals can be made.

After successful registration and initial deposit, you can then invest directly in the offered credits.

You only have to consider a minimum investment amount of €10, and you can invest manually or automatically.

In addition, you can choose whether you want to invest on the primary market (first issue of loans) or secondary market (loans from other investors).


In the following, we would like to present the most important features of the platform.


NEO Finance is officially regulated by the Central Bank of Lithuania, but not according to the regulations of the European Directive 97/9/EC.

Therefore, despite being regulated, the platform does not offer investor protection up to €20,000.


On average, the loans have an interest rate of 14.83% and loans are offered with a minimum interest rate of 7% to a maximum of 23%.

A comparison shows that the platform is above average with its average interest rates, and there are only a few platforms that offer comparable or higher interest rates.

These are for example Lendermarket with about 14% and Reinvest24 with 17%.

On NEO Finance, you can only invest in consumer loans from Lithuania that have terms from 1 to 83 months.

To assess the risk of each loan, the platform assigns risk classes (ratings) from C- to A (low risk).

Manual investing

You can select each individual loan on the platform in which you want to invest.

This makes sense, among other things, if you are just starting to invest and don't want to wait for Auto Invest to invest for you.

Or if you wish to invest on the secondary market because the automatic function is not offered for the secondary market.

Auto Invest

With the Auto Invest automatic investment feature, you can specify which loans you want to invest in within minutes.

The following settings are possible:

  • Investment per loan,

  • interest rate,

  • maturity and

  • risk classes (ratings).

NEO Finance's Auto Invest is easy to use and, in our opinion, offers all the important settings.

You can determine with just a few clicks in which loans you want to invest in the future.

Buyback Guarantee

On NEO Finance, all loans are offered with a Buyback Guarantee.

For delayed loans, the platform makes you a buyback offer at the earliest after 60 days and at the latest after 130 days.

Unlike other platforms, the loans are not automatically bought back, but you have to accept the offer.

The repurchase price depends on the rating, the following prices are paid for delayed loans (% of the loan amount):

  • A+ rating: 100%

  • A rating: 70%

  • B rating: 60%

  • C rating: 50%

Investors who have a VIP status (from an investment volume of €5,000) receive a premium of 10% for the ratings A to C.

You are not forced to accept the offer, but you have to keep in mind that on average, the collection and recovery process takes 2 years.

That means you would have to wait that long for your money in the worst-case scenario, assuming the process is successful at all.

Secondary market

The platform offers you a secondary market where you can sell your loans and sell others their loans.

The secondary market is no different from the primary market, except that it shows you the discounts and markups for the loans.

In our opinion, it is arranged clearly and easy to use. You can invest in a loan with just one click.

We think it is a pity, as already mentioned for Auto Invest, that it is not possible to use Auto Invest for the secondary market.

Tax report

On NEO Finance, you can easily create the documents for your tax return.

A tax report is offered for the individual years, which you can download.


Unfortunately, the platform does not offer an app to manage investments.

At this point, we don't expect anything to change in the future.

How much does investing on NEO Finance cost?

The use of NEO Finance is almost free of charge for investors.

Only for sales and also for purchases on the secondary market, NEO Finance charges a fee of 2% of the amount.

Otherwise, the platform does not charge any fees for deposits, withdrawals or other transactions.

Warning signals (red flags)

Currently, we have not noticed any warning signals with NEO Finance.

NEO Finance Bonus

If you want to get a bonus of €10 on NEO Finance, you just have to register for it via our bonus link.

€10 bonus on NEO Finance

Frequently asked questions

Below, we will answer some questions that are often asked about NEO Finance.

NEO Finance is officially regulated by a financial market regulator, as mentioned earlier, which speaks for the safety of the company.

Furthermore, the platform has successfully financed loans on a sufficiently large scale, which also confirms a safe and legal business model.

For the aforementioned reasons, we therefore rate NEO Finance as a safe platform.

How does NEO Finance earn money?

NEO Finance earns its money mainly through interest income, commissions and other income from operations.

Since no fees are charged to investors, except for the negligible fees for sales on the secondary market, this is the only source of income.

Who owns NEO Finance?

The majority of the shares in the platform are held by the two founders Evaldas Remeikis and Aiva Remeikiene.

Other shares are held by angel investors and other parties.

Expert conclusion

NEO Finance convinces as a secure P2P platform with an official regulation and a financed loan volume of more than 100 million € and the use is free of charge for investors.

The platform offers investors very high-interest rates with almost free use. Only for sales on the secondary market fees are charged.

After a quick registration and initial deposit, Auto Invest can be used to determine which loans to invest in within a few minutes.

We did not notice any major or minor weaknesses with the platform, at most that an app is missing. That, in turn, already shows the quality.

Overall, we consider the platform to be recommendable.

€10 bonus on NEO Finance

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Last updated on 16 October 2022