After creating my P2P portfolio with 30k EUR in the beginning of January, it’s time to document the second round.
This time around I invested 29.7k EUR (or 31.7k CHF thanks to the free conversion fees from Revolut) in 11 platforms which I personally think have a higher chance of being legit. After loosing 2 000 EUR with the sudden disappearance of Envestio I selected the platforms a bit more carefully.
Out of the original 15 Platforms I disqualified the following ones:
- Flender: There was a lot of cash drag and no available projects on the marketplace. AutoFlend then invested in about 1 project per week. In addition their interest rates of around 8% didn’t meet my 12%+ portfolio goal despite the attractive 5% cashback offer. I even withdrew 1 025 EUR from the platform and sent it to Robocash.
- Monethera: Some of their projects look fishy. There were also rumors about connections between Monethera and Envestio.
- Wisefund: There I was mostly annoyed about the lack of projects. If they operated legitemately they wouldn’t stop putting up new projects just because two other platforms collapse. Red flags for me. I too moved a 1 000 EUR which were cash dragging from Wisefund to Robocash.
- Agrikaab: I have not seen my money being put to work in anyway on that platform. They also recently sent an email about transforming the platform to micro loans. Not sure what will happen to the existing funds.
So to the other I’ve sent 2 700 EUR each. Here’s a table of the amount of deposits to each platform so far.
|Agrikaab||2 000 USD|
|Bondster||4 700 EUR|
|Crowdestor||4 700 EUR|
|DoFinance||4 700 EUR|
|FastInvest||4 700 EUR|
|Flender||1 000 EUR|
|Grupeer||4 700 EUR|
|IuvoGroup||4 700 EUR|
|Mintos||4 700 EUR|
|Monethera||4 700 EUR|
|PeerBerry||4 700 EUR|
|RoboCash||4 725 EUR|
|Swaper||4 700 EUR|
|Viventor||4 700 EUR|
|Wisefund||1 000 EUR|
|Total Deposited||60 425 EUR|
The deposits happened around the 3rd of February and I hope the money is able to generate some nice income this month already.
I will soon start a post series about due diligence of each platform. I will check if there are owners existing with valid LinkedIn profiles, if the companies hide their buisness addresses and where they are hosting their websites.
Let me know what you think, do you like my posts so far? Feel free to subscribe or use one of the links to the platforms to support this blog.