Review of Devon

Top 7 Returns
Updated | October 2026
Yield
Up to 16%
Type
Property
Risk
(4/10)
High
Liquidity
Early exit
Regulated
No
Country
Estonia

InvantAPPs score

83/100
  • Very good
Visit Devon

Breakdown by Category

Detailed scores for each area assessed

 0/20 
Significance within its sector
 0/10 
Ease of use and mobile app
 0/10 
Compound interest payable
 0/10 
Welcome bonus and referral bonus
 0/10 
Tax-friendly
 0/10 
Investment liquidity
 0/30 
Returns and fees

Features

Minimum investment:
1.000,00 €
Regulation:
Unlicensed
Withdrawal fee:
Free
Payment methods:
Instantaneous · SEPA
Type of investor:
Private individual
Suitability test:
No
Geographical exclusions:
-

Platform statistics

Assets under management
44.100.000,00 €
Updated: October 2026
Portfolio health:
Healthy
Current loans: 100%
In arrears/recovery: 0%
1319
Investors

1

Years in active service
2025
Founded
Loans financed:
10.400.000,00 €
Average interest:
15%
Audited accounts:
No

InvantAPPs Portfolio

  • Active Investment
Total portfolio:
16.672,00 €

TIR:

17.80%
From:
April 2025
My current investment
View My Portfolio
Roll en cartera:
Yield
Suggested allocation:
3
-7

%

Dedication:
Bass
Surveillance:
Long term
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Videos about Devon

https://youtu.be/8CfDhPxyRMU
https://youtu.be/OwdkDHeU5BQ
https://youtu.be/OwdkDHeU5BQ
https://youtu.be/Fr3FTBlJ3mk
https://youtu.be/e0oaxmfrDPg
https://youtu.be/ggSI-ioSVaY
https://youtu.be/6J2J2jTipMI
https://youtu.be/lYtNZ8IALkQ

Taxation

Withholding tax:
It does not retain
Tax-friendly:
Yes
Model 720:
No
Income Tax Category:
Share capital
Tax certificate:
Yes
▸ does Devon not withhold taxes at source and you can generate a Tax Report in the «Statements» section for the dates you choose. You are the one who must declare the interest in your country of residence. The website and the terms of the portal do not detail their tax policy.
Learn more about model 720

Liquidity

Second-hand market:
Early exit:
Yes
Type of early exit:
Project/Total
Penalty for early exit:
No commission (with proportional deduction cashback until its completion)
Average loan term:
24–36 months
Time to settle:
Variable; 3 days in the official example
▸ You can request an early withdrawal without commission. It depends on whether other investors finance your request. It can be full or partial, starting from the minimum date specified by each project, and it does Devon not provide bridging financing. As long as the request is pending, the investment continues to generate interest. There is no secondary market.

Yield

Stated return:
Up to 16%
Self-investment:
Yes
Payment frequency:
Daily

Regulation

  • Unregulated
License:
Unlicensed
The platform does not have its own financial authorization nor is it subject to the supervision of a financial authority as an investment platform. There is also no compensation system in case of failure.
▸ According to the website of Devon, loan applications are not supervised by any financial authority. The operator is Devon OÜ, registration code 17190298, an Estonian company with its registered office in Tallinn. According to our information, it has no license or is regulated as a financial platform, and we have not found a valid ECSP authorization.
Learn more about regulation

Guarantees and risk mitigation

A) Type of guarantee
There are no assets or third-party guarantees securing the loan. The only means of recovery in the event of default is to make a claim directly against the borrower.
  • Without security
▸ The loans do not carry specific real collateral. According to Devon, the mezzanine positions are backed by real estate assets and a guarantee from the MJL group. If a loan is delayed for more than 90 days, the MJL group’s guarantee is activated. It is a group obligation, not that of Devon, and depends on its solvency. We have not found a published binding guarantee agreement.
B) Stress scenario
▸ According to our information, your funds are not separated from those of the platform. They do Devon not publish a continuity plan or a substitute manager, and their terms allow the operator to close the portal at any time. The administration and collection of your loans would depend on the lending companies, so there could be delays and losses.
▸ Subordinated loans are only paid after the non-subordinated debts of the borrower are paid. If assets are not enough in a bankruptcy, you may not receive anything, neither capital nor interest. If a loan is delayed for more than 90 days, the MJL group guarantee is activated. It is a group obligation, not that of the individual Devon, and depends on its solvency.
C) Additional guarantees
Yes
(90 days)
Group
No
Yes
No
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InvantAPPs Summary

What is it Devon?

Devon It is an Estonian real estate crowdfunding platform, operational since 2025, for investing in mezzanine loans for projects in Latvia by its developer group, MJL Enterprises Group. It pays interest daily and allows for early withdrawal without commission. According to our information, it has Devon no license or is regulated as a financial platform. In our scale, it Devon has a moderate-high risk.

https://youtu.be/8CfDhPxyRMU

Devon It operates since 2025 and is operated by Devon OÜ, an Estonian company. It channels subordinated loans (mezzanine) towards real estate projects in Latvia from its own development group, MJL Enterprises Group. The risk is concentrated in a single developer, and your loan is repaid after the non-subordinated debts of the project.

According to our information, it has Devon no license or is regulated as a financial platform; it does not publish audited accounts; and your funds are not segregated from those of the platform. According to its website, loan applications are not supervised by any financial authority. There is no investor compensation system.

If a loan is delayed for more than 90 days, the MJL group's guarantee is activated. It is the group's obligation, not yours Devon, and depends on your solvency. We have not found a published binding guarantee agreement.

Interest is paid daily and you can reinvest it. There is no secondary market, but you can request an early withdrawal without commission, which is only completed if other investors finance your request. Withdrawals are free. Their terms do not detail any other fees.

Devon It does not withhold taxes at source, so you declare the interest yourself using the Tax Report that you can generate from your account.

We started investing Devon in 2025. In our scale, it Devon has a moderate-high risk. The minimum amount per project is high and limits diversification, so we see it as a complementary position, with money you don't need in the short term.

Key points

Daily interest with automatic reinvestment option.
Early withdrawal without commission, subject to other investors funding your request.
According to our information, it is not licensed or regulated as a financial platform.
Concentration on a single promoter through subordinated mezzanine loans.
High minimum amount per project compared to other platforms we analyzed.

Pros and cons

Interest is paid every day and you can reinvest it automatically.
You can request an early withdrawal without a fee, although it depends on whether other investors finance your request.
According to Devon, a guarantee from the MJL group supports the mezzanine positions.
Withdrawal of funds is free.
Concentration on a single promoter group: all projects are from MJL Enterprises Group.
According to our information, it does not have a license or is regulated as a financial platform, nor does it publish audited accounts.
High minimum amount per project, which limits diversification.
Subordinated debt (mezzanine): is paid after the preferred creditors if the project fails.

Experience and social proof

ScamAdviser

0%
Trust score: 100/100
View Analysis
Updated: October 2026

Social media activity

🟡 Not very active
  • Twitter / X
⚪ No profile
🟢 Very active
🟡 Not very active
🔵 Active
🔵 Active

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Frequently Asked Questions

Is it safe Devon?

According to our information, it does Devon not have a license or is regulated as a financial platform; it does not publish audited accounts; and your funds are not segregated from those of the platform. Its loans are subordinated mezzanine debt, with a guarantee from the MJL group that depends on its solvency. In our scale, it Devon has a moderate-high risk.

How much should I invest in Devon?

We recommend allocating between 3% and 7% of your crowdlending portfolio as a position yield. Use only money you don't need in the short term, because everything depends on a single promoter.

How to declare interests Devon in the IRPF?

Interest is taxed like investment income in the base of the IRPF savings, with progressive rates depending on the bracket. It does Devon not withhold taxes at source, so you declare the interest yourself. You can download a tax report from your account. If the 720 form affects you, consult it with an advisor.

What happens if it Devon closes?

According to our information, your funds are not separated from those of the platform. They do Devon not publish a continuity plan or a replacement manager, and their terms allow the operator to close the portal at any time. The collection of your loans would depend on the lending companies, so there could be delays and losses.

How does the early departure work in Devon?

You can request an early withdrawal without commission. It depends on whether other investors finance your request. It can be full or partial, starting from the minimum date indicated by each project, and it does Devon not provide bridging financing. While pending, your investment continues to generate interest.

How does the daily interest payment work?

Devon Calculates and pays the interest every day. You can withdraw them or reinvest them automatically to take advantage of the compound interest.

Contact and support

Email: info@devon.eu
  • High accessibility
They provide service in Spanish:
No
Live chat:
No
Telegram:
No
Rating:
4/5
Response time:
1–3 days

Corporate identity

Legal name:
Devon OÜ
Country of registration:
Estonia
Registration code:
17190298
Registered office:
Harju County, Tallinn, Kesklinna castle district, Tartu mnt 67/1-13b, 10115, Estonia
Work email:
info@devon.eu

Regulation and equipment

Licence type:
Unlicensed
Management team
Member of the management board
Jānis Lagzdiņš
Verified profiles:
Yes
  • The information is taken from public sources and may not be up to date. Always check the official website.

About the author

Antonio Hernández – Founder of InvantApps

Antonio Hernández

Engineer, economist and founder of Invant APPs. I help you achieve financial freedom through smart investing and passive income.

About Me

Legal notice

Investing in crowdlending and crowdfunding involves risks, including the partial or total loss of the capital invested, and past performance is no guarantee of future results. The content on this site is for information purposes only and reflects our personal experience and opinion: it does not constitute financial or tax advice. Some links are affiliate links; the platform pays us a commission, which does not incur any cost to you nor does it influence our analysis.

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