Reinvest24 Review
Reinvest24 Review: Is it good? Don't invest before you read this!
Roosikrantsi tn 11, 10119 Tallinn Estonia
Basic Information
- Founding Date:
- December 2017
- Investors:
- 20,000
- Funded Loans:
- €37,118,160.00
- Regulation:
-
- Investor Protection:
-
Interest & Red Flags
- Minimum Interest Rate:
- 6.00%
- Maximum Interest Rate:
- 16.00%
- Average Interest:
- 14.80%
- Red Flags:
- 0
Loans
- Minimum Investment:
- €100.00
- Minimum Investment Term (Months):
- 4
- Maximum Investment Term (Months):
- 36
- Loan Originators:
- -
- Countries:
- 6
- Payday Loans:
-
- Personal Loans (Consumer Loans):
-
- Business Loans:
-
- Real Estate Loans:
-
- Other Loans:
-
- Ratings:
-
- Worst Rating:
- -
- Best Rating:
- -
Features
- Manual Investing:
-
- Automatic Investing:
-
- Buyback Guarantee:
-
- Secondary Market:
-
- Tax Report:
-
- App:
-
Fees
- Investing Fee:
-
free
in the past, they charged an investment fee of 1%.
- Deposit Fee:
- free
- Withdraw Fee:
- 2.00%
- Accounting Management Fee:
- free
- Secondary Market Selling Fee:
- 1.00%
- Secondary Market Buying Fee:
- free
What is Reinvest24?
Reinvest24 is a P2P platform from Tallinn, Estonia, founded in 2017.
The platform offers P2P loans that real estate developers use to finance their projects.
Since its inception, the platform has funded more than €37 million worth of loans, making it one of the small P2P platforms in Europe.
How does Reinvest24 make mone?
The platform makes its money in two ways.
It charges investors an ongoing fee of 10% of the investment amount for property management.
In addition, there are further fees from commissions it charges real estate developers for referrals.
Who owns Reinvest24?
The platform is owned by Reinvest24 Holding, in which JoinEstate OÜ holds 72% and Kirsan 18%.
How safe (reputable) is Reinvest24? Is Reinvest24 legal?
Reinvest24 is unfavorably not supervised by an official financial market regulator, which typically proves that it is safe enough.
Also, the platform has not yet successfully financed loans on a large scale, which can otherwise at least partially compensate for the lack of regulation.
In return, what is special about Reinvest24 is that the loans are structured in special purpose vehicles, which legally and economically separates them from the platform.
This creates further security for investors and can also only be set up with the right legal processes.
We believe that Reinvest24 is on the right track, but we are not yet 100% convinced of its seriousness.
How does Reinvest24 work?
On Reinvest24, you must first register online and then deposit money via a bank transfer before you can invest.
With your first deposit via a standard bank transfer, you also confirm the bank account to which withdrawals can be made.
After that, you can invest directly in the offered loans.
However, for new investments, the platform requires a minimum investment amount of €100 and you must note that you can only invest in the loans manually.
Furthermore, you can invest in two markets on the platform. On the primary market (initial issuance of loans) and on the secondary market (loans from other investors).
How can I invest on Reinvest24?
On Reinvest24 you can choose the loans you want to invest in individually.
And that is the only way to invest at all.
Reinvest24 does not offer a function that allows you to invest automatically.
Among all the platforms we tested, it is the only one that does not offer such a possibility.
Accordingly, investing permanently is a lot of work for you, as you have to constantly search for new loans.
What warning signs should I be aware of when using Reinvest24?
At the moment, we have not noticed any warning signals at Reinvest24.
Alternativen
Review result
with all advantages & disadvantages
Safety (40.00%)
Gewichtigung: Age: 40.00%, Funded Loans: 40.00%, Regulation: 20.00%.
The platform is older than 5 years. In the past, sudden failures of platforms that have been on the market for such a long time have occurred very rarely.
The platform has financed very few loans so far and has been able to gain little experience.
The platform is not officially regulated. This means the platform is not subject to ongoing monitoring by an independent third party.
Interest and Risk (40.00%)
Gewichtigung: Average Interest: 50.00%, Red Flags: 50.00%.
The average interest rate is comparatively much higher than other platforms.
The platform has no red flags that investors should pay attention to.
Features (20.00%)
Gewichtigung: Automatic Investing: 20.00%, Buyback Guarantee: 20.00%, Secondary Market: 20.00%, Tax Report: 20.00%, App: 20.00%.
Hinweis: Although we take every care to ensure the accuracy of the information and the representative example, no warranty can be given with regard to the correctness, accuracy, timeliness, reliability and completeness of the content. All information is based on the available information from the provider.
Last updated on 14 March 2023