Crowdlending comparison (update Feb 2020)

It is time for another update of Crowdlending comparison Feb 2020 (latest substantial was done in Sep 2019).

What has changed?

Scoring criteria max caps

Reducing the overall yield return score to 15 points. This is to reduce high yield incentive as being one of the main factors for scoring.

Reducing the overall buyback maximum points to 15. Once I gather more comprehensive information on each platform will probably reduce this to 10 in the future. Reason being that buyback is a statement by platform which does not weight as much as other factors e.g., collateral, annual financial reports (preferably audited), licence compliance, track record, team’s experience, responsiveness etc.

Subsequently reducing the max cap for real estate and P2B risk weight to 15 points.

Particular platform results

This is how the table looked:

Platform Final score Average interest rate Invested volume Buyback guarantee Collateral, personal guarantees & other Auto-invest Personal user experience
Mintos 64 10 - 12.17% 20 - 3358 mil. EUR 20 - Yes - 5 9
Twino 41 7 - 10.35% 3 - 548 mil. EUR 20 - Yes - 5 6
Crowdestate 38 18 - 17.88% 0 - 77 mil. EUR - 12 Yes - 5 3
Viventor 38 12 - 13.71% 1 - 100 mil. EUR 20 - Yes - 5
Grupeer 36 11 - 13.37% 0 - 57 mil. EUR 20 - Yes - 5
Swaper 35 9 - 12% 1 - 97 mil. EUR 20 - Yes - 5
PeerBerry 35 9 - 11.53% 1 - 128 mil. EUR 20 - Yes - 5
Robocash 34 9 - 12% 0 - 58 mil. EUR 20 - Yes - 5
ViaInvest 34 8 - 11% 1 - 154 mil. EUR 20 - Yes - 5
Reinvest24 32 13 - 14.60% 0 - 1 mil. EUR - 14 No - 0 5
FinBee 32 19 - 18.00% 0 - 23 mil. EUR - 8 Yes - 5
Wisefund 31 20 - 18.66% 0 - 1 mil. EUR 7 4 No - 0
Monethera 31 20 - 18.97% 0 - 1 mil. EUR 5 6 No - 0
BulkEstate 31 14 - 15.33% 0 - 10 mil. EUR - 12 Yes - 5
Iuvo 30 5 - 9.20% 0 - 80 mil. EUR 20 - Yes - 5
DoFinance 30 5 - 9% 0 - 65 mil. EUR 20 - Yes - 5
Zltymelon 29 4 - 8.65% 0 - 13 mil. EUR 20 - Yes - 5
Crowdestor 28 14 - 15.26% 0 - 13 mil. EUR 7 7 No - 0
EstateGuru 27 9 - 12.04% 1 - 143 mil. EUR - 12 Yes - 5
Flender 26 7 - 10.40% 0 - 12 mil. EUR - 14 Yes - 5
BitBond 24 11 - 13% 0 - 14 mil. EUR - 8 Yes - 5
Housers 19 6 - 9.93% 1 - 93 mil. EUR - 12 No - 0
Bondora 18 7 - 10.70% 2 - 268 mil. EUR - 4 Yes - 5
October 18 0 - 5.88% 2 - 334 mil. EUR - 16 No - 0
Fast Invest (why 0?) 0 11 - 13% 0 - 13 mil. EUR 20 - Yes - 5 4
Envestio (see official info) 0 19 - 18.24% 0 - 24 mil. EUR - 17 Yes - 5 7
Kuetzal (fraud?) 0 16 - 16.50% 0 - 8 mil. EUR - - No - 0

This is the updated with score change column:

Platform Final score Change Average interest rate Invested volume Buyback guarantee Collateral, personal guarantees & other Auto-invest Personal user experience
Mintos 55 -9 7 - 11.80% 20 - 4842 mil. EUR 15 - Yes - 5 8
Twino 36 -5 6 - 10.73% 3 - 632 mil. EUR 15 - Yes - 5 7
Viventor 35 -3 10 - 14.08% 0 - 120 mil. EUR 15 - Yes - 5 5
Crowdestate 32 -6 13 - 17.26% 0 - 87 mil. EUR - 12 Yes - 5 2
Grupeer 29 -7 9 - 13.17% 0 - 67 mil. EUR 15 - Yes - 5
Swaper 28 -7 7 - 12% 1 - 125 mil. EUR 15 - Yes - 5
PeerBerry 28 -7 7 - 11.51% 1 - 191 mil. EUR 15 - Yes - 5
EstateGuru 28 1 7 - 11.91% 1 - 180 mil. EUR - 15 Yes - 5
Robocash 27 -7 7 - 12% 0 - 58 mil. EUR 15 - Yes - 5
ViaInvest 27 -7 6 - 11% 1 - 182 mil. EUR 15 - Yes - 5
Reinvest24 27 -5 10 - 14.60% 0 - 2 mil. EUR - 14 No - 0 3
FinBee 27 -5 14 - 18.00% 0 - 19 mil. EUR - 8 Yes - 5
BulkEstate 27 -4 10 - 14.87% 0 - 12 mil. EUR - 12 Yes - 5
DoFinance 25 -5 5 - 10.03% 0 - 76 mil. EUR 15 - Yes - 5
Iuvo 24 -6 4 - 9.20% 0 - 104 mil. EUR 15 - Yes - 5
Flender 24 -2 5 - 10.00% 0 - 19 mil. EUR - 14 Yes - 5
Zltymelon 23 -6 3 - 8.62% 0 - 14 mil. EUR 15 - Yes - 5
Profitus 20 NEW 6 - 10.57% 0 - 9 mil. EUR - 14 No - 0
Crowdestor 19 -9 12 - 16.55% 0 - 27 mil. EUR 2 5 No - 0
Bondora 18 0 5 - 10.00% 1 - 343 mil. EUR - 7 Yes - 5
October 17 -1 0 - 5.77% 2 - 384 mil. EUR - 15 No - 0
Housers 16 -3 4 - 9.21% 0 - 109 mil. EUR - 12 No - 0
Monethera 0 -16 15 - 18.70% 0 - 5 mil. EUR 0 0 No - 0
Wisefund 0 -17 14 - 18.12% 0 - 3 mil. EUR 0 0 No - 0
Fast Invest 0 -40 8 - 13% 0 - 51 mil. EUR 15 - Yes - 5 0
Envestio 0 -48 15 - 18.82% 0 - 35 mil. EUR - 0 Yes - 5 0
Kuetzal 0 -25 12 - 16.50% 0 - 8 mil. EUR 0 0 No - 0

Most of the negative difference is due to reducing yield max cap and buyback impact on scoring (i.e. becoming more critical towards them).

Profitus – real estate platform – addition to the list.

Twino – given an upgrade for trying to establish brokerage license.

Viventor – was able to give my own personal experience points. Rated to a conservative 5. Firstly, could find only 3 satisfactory loan originators to diversify. Secondly, it is hard to compete with no. 1 on the list when it comes to functionality. Faster though when it comes to auto-invest strategy management.

Reinvest24 – reduced 1 because have not gotten any payments related to project I invested and no news of secondary market.

EastateGuru – gets an upgrade due to provided audited yearly financial statement.

Crowdestor – gets downgrade because of small buyback coverage, also overall having a very high risk profile investments.

Bondora – getting an upgrade due to track record of being able to attract more investments and sustain their business.

Fast Invest – given 0 because of transparency issues and other aspects.

Monethera and Wisefund – gets a 0 because of issues around buyback trustees in Hong Kong, response time and transfer operations.

Update 16.03.2020 – Wisefund got 19 points after conversation with the owner

Envestio – rating set to 0 because of fraud.

Kuetzal – given 0 – another fraud.

Bitbond – removed due to lack of publicly available data.

What could be expected in next versions?

In the future versions of the scoring I plan to:

  • include financial reporting availability (additional bonus for audited reporting),
  • include early exit option availability,
  • reduce the buyback maximal cap.

3 comments

  1. Hi! Interesting comparison. I quite agree with all the ranking, in my opinion EstateGuru and Bondora could be higher maybe. But it’s nice to see diferent points of view.

    Thanks!

    1. Hi Juan,

      Thank you so much for the feedback!

      The whole evaluation is subjective of course. Risk assessment could be done in more transparent manner. Currently, it is based on the public information I have and also influenced by recent events.

      Kindly,
      Janis

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