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Reviews of P2P platforms
Honest and detailed reviews of the best crowdlending and crowdfunding platforms, based on my personal investment experience.
Featured Platforms
Our top pick for this month, chosen for its performance, security and ease of use.
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All Platforms
A comprehensive list of crowdlending options for your portfolio.
Platform Comparison
Compare returns, risk levels and features at a glance to find the perfect platform for your investment strategy.
| Platform | Profitability | Risk | Regulation | Self-Investment | Type | Country | Bonus | Action |
|---|---|---|---|---|---|---|---|---|
 | Up to 14% |
Medium
(6/10) | ECSP |
Yes
| P2B Business | Bulgaria | Prize draw + 0.5% extra | |
 | Up to 16% |
High
(4/10) | Unlicensed |
Yes
| Property | Estonia | Up to an additional 8% | |
 | Up to 15% |
Medium
(5/10) | IBF |
Yes
| P2B Business | Latvia | 1% Additional | |
 | Up to 14% |
Very High
(1/10) | Unlicensed |
No
| P2B Business | Czech Republic | 2% Cashback | |
| Up to 6% |
Bass
(8/10) | Unlicensed |
Yes
| P2P Private Individuals | Estonia | €5 straight away | |
 | Up to 15% |
Medium
(6/10) | Unlicensed |
Yes
| P2B Business | Estonia | 1% Additional | |
| From 15.1% |
Medium
(6/10) | IBF |
Yes
| Property | Latvia | Up to 4.5% cashback | |
 | Up to 14% |
Medium
(6/10) | ECSP |
Yes
| P2P Private Individuals | Latvia | 2% Cashback + 3% Additional | |
 | Up to 16% |
High
(4/10) | Unlicensed |
Yes
| P2P Private Individuals | Croatia | €20 Welcome Bonus + 1% Extra | |
 | Up to 16% |
High
(3/10) | Switzerland |
Yes
| P2B Business | Switzerland | Up to 12% in cashback |
Frequently Asked Questions
1. What does it mean for a platform to hold an ECSP licence, and what happens to my money if it goes bust?
The ECSP licence is the European authorisation under Regulation (EU) 2020/1503, which in Spain is granted and supervised by the CNMV. It requires the platform to publish a key information document for each project, to keep your money separate from its own, and to have a business continuity plan approved by the regulator: if the platform closes down, outstanding loans will continue to be managed and repaid.
What the licence does not do is guarantee that you will get your money back. In crowdlending, there is no Deposit Guarantee Scheme: if the borrower fails to pay, you will still lose your money. The licence protects the process, not your return on investment. You can filter the comparison tool by ECSP licence, IBF licence or ‘unlicensed’.
2. How do I assess the risk associated with each platform?
Each platform is rated on a scale of 10, with a higher score indicating lower risk. This is not a personal opinion: it is based on criteria that can be verified one by one — the licence and the regulator behind it, the type of security backing the loans, current liquidity for exit, the platform’s track record and volume, and the transparency of the information it publishes.
This guide ranks the platforms by financial stability to help you make an informed comparison. It does not predict returns or eliminate the risk of default: even a highly-rated platform can fail. In each profile, I explain what factors raise and lower its rating.
3. What is a buyback guarantee, and why is it not the same as a security interest?
A buyback guarantee is a commitment by the loan originator to buy back your investment if the borrower falls behind on repayments, usually after between 30 and 60 days. You are repaid the principal and, depending on the terms of the contract, any interest accrued up to that point.
It is not a security interest. It is a promise that depends on the originator remaining solvent, and it ceases to be valid precisely when it is most needed: if the originator goes bankrupt, the promise disappears with them. A security interest — such as a first-ranking mortgage, a charge on movable property or a corporate guarantee — is an enforceable asset that continues to exist even if the party that provided it goes bankrupt. Filter by type of security to see what each platform is backed by.
4. What is the difference between P2P crowdlending, P2B and property crowdfunding?
All three are forms of crowdfunding, but the recipient of your money and the risk you take on differ. With P2P, you lend to individuals: small amounts, short terms and a need for significant diversification. With P2B, you lend to businesses: larger sums, medium-term tenors and risk concentrated on the creditworthiness of each individual business. With property investment, you finance property developments, with the property itself serving as collateral and tenors linked to the progress of the building work.
Within the property sector, there is also a distinction that determines your level of risk: with a loan (crowdlending), you receive an interest rate agreed from the outset; with equity, you are a partner in the project and your return depends on it selling well – offering greater potential but with no guaranteed minimum return. Filter by type to compare each category.
5. On which platforms can I withdraw my money before the maturity date?
It depends on each platform’s exit mechanism. With an ‘early exit’, the platform itself buys back your position, usually charging a fee or applying a small discount: this is the quickest and most predictable exit. With a secondary market, you sell your stake to another investor, so how quickly this happens depends on whether there is demand at that particular time. If there is no liquidity, you hold on to it until the project matures.
All three models are valid; they simply serve different purposes. Any capital you might need in the short term should be invested where there is an early exit option or full liquidity; projects without liquidity tend to offer higher returns precisely because you are committed to the full term, and they are ideal for money you can leave to work for you until the end. Filter by liquidity to see how each platform works and build your portfolio in stages.
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