Review of Indemo

Top 6 Safety
Top 2 in terms of profitability
Updated | October 2026
Profitability
From 15.1%
Type
Property
Risk
(6/10)
Medium
Liquidity
No Liquidity
Regulated
Yes
Country
Latvia

InvantAPPs score

0/100
  • Excellent
Visit Indemo

Breakdown by Category

Detailed scores for each area assessed

&nbsp0/20&nbsp
Significance within its sector
&nbsp0/10&nbsp
Ease of use and mobile app
&nbsp0/10&nbsp
Compound interest payable
&nbsp0/10&nbsp
Welcome bonus and referral bonus
&nbsp0/10&nbsp
Tax-friendly
&nbsp0/10&nbsp
Investment liquidity
&nbsp0/30&nbsp
Returns and fees

Features

Minimum investment:
10,00 €
Regulation:
IBF
Withdrawal fee:
Free
Payment methods:
Instantaneous · SEPA
Type of investor:
Private individual/Business
Suitability test:
Yes
Geographical exclusions:
Geographical exclusions: EEA residents

Platform statistics

Assets under management
35.000.000,00 €
Updated: October 2026
Portfolio health:
Healthy
Current loans: 98.5%
In arrears/recovery: 1.5%
24400
Investors

4

Years in active service
2022
Founded
Loans financed:
39.000.000,00 €
Average interest:
21%
Audited accounts:
Yes
Regulatory licence:
IBF

InvantAPPs Portfolio

  • Active Investment
Total portfolio:
38.785,00 €

TIR:

21.60%
From:
February 2025
My current investment
View My Portfolio
Role in the portfolio:
Profitability
Suggested allocation:
3
-10

%

Dedication:
Bass
Surveillance:
Long term
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Videos about Indemo

https://youtu.be/LJ8LV6Brp78
https://youtu.be/H0kVGtjLuQ8
https://youtu.be/BU9NLF3nqCo
https://youtu.be/__-NwyHCroA
https://youtu.be/A3KdtB1jHV8
https://youtu.be/qAa17eCPM1Y
https://youtu.be/rBT6LaBe7XE
https://youtu.be/OGpA3XCxK2A

Taxation

Withholding tax:
Retains
Withholding rate:
5%
Tax-friendly:
Yes
Model 720:
Yes
Income Tax Category:
Share capital
Tax certificate:
Yes
Notes: Although Indemo applies withholding tax, Spanish investors must still declare the gross income on their personal income tax return and assess the double taxation relief. Furthermore, bonuses, cashback and referrals also appear on the annual Tax Report and may have tax implications.

Liquidity

Early exit:
No
Average loan term:
Variable (14-month average)
Time to settle:
On maturity
Notes: The Secondary Market is currently on the roadmap for Q4 2026

Profitability

Stated return:
From 15.1%
Self-investment:
Yes
Payment frequency:
On maturity

Regulation

  • Licensed
Regulatory body:
Bank of Latvia
Competent authority:
Not available
Entry in the register:
View details
Country of regulation:
Latvia
Regulated since:
November 2022

Guarantees and risk mitigation

A) Type of guarantee
First-ranking mortgage
▸Indemo purchases loans from Spanish banks – at a discount – that are secured by property. When the debt is settled or the property is sold (for example, at auction), the capital recovered is used first to repay the investor’s principal. Any remaining surplus is then distributed to investors as a return.
B) Stress scenario
▸Indemo is a member of Latvia’s national investor compensation scheme, established under EU Directive 97/9/EC. If the platform closes or is unable to return financial instruments or cash, the scheme protects and compensates investors up to a limit of €20,000
▸Indemo invests directly in "distressed debt", meaning that the loans are usually already subject to recovery proceedings, repossession or auction. If legal proceedings or the sale of the properties fail across the board, the investor could lose their money, as the capital is "always at risk" and there are no guarantees of recouping the investment.
▸N/A
C) Additional guarantees
Yes
Originator
No
Yes
No
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InvantAPPs Summary

What is Indemo?

INDEMO is a Latvian collective investment platform regulated by the Bank of Latvia (IBF licence) which specialises in loans secured by first-rank mortgages and discounted debt portfolios in Spain. With an estimated return of up to 22.4% and a minimum investment of just €10, it is designed for retail and professional investors seeking to diversify their portfolios with high-yield property assets within a strict European regulatory framework.

https://youtu.be/LJ8LV6Brp78

Founded in 2022 and regulated under the stringent framework of the IBF licence in Latvia, INDEMO stands out for opening up the institutional market for discounted mortgage debt in Spain to retail investors, managed by local partners such as Tamarindo Vector S.L. Its model is distinctive because it allows investors to acquire notes backed by physical properties with a very conservative average LTV of 40%; as at June 2026, it had a financed volume of 33.6 million euros and 98.5% of its portfolio is current. However, investors must bear in mind that the legal recovery processes for these debts in Spain are complex and may prolong collection times, a critical factor given the current lack of a secondary market to obtain immediate liquidity. At InvantAPPs, we view its rigorous supervision and legal robustness favourably, and although our current active investment stands at €0, we are closely monitoring its progress as a sound diversification option.

Key points

Strict regulation under the IBF licence, supervised by the Bank of Latvia, and protection under the guarantee fund up to €20,000.
Lack of immediate liquidity due to the absence of a secondary market or an early exit option for the projects.
Excellent risk-return profile with yields of up to 22.4%, backed by first-rank mortgages with a conservative LTV of 40%.
Although the assets originate in Spain via Tamarindo Vector S.L., the platform applies Latvian withholding tax at source.

Pros and cons

Estimated high returns of up to 22.4% per annum, among the highest in the regulated crowdlending sector.
A first-ranking mortgage security with an LTV ratio of just 40%, offering a generous margin of security over the assets in Spain.
Low entry threshold from just €10 per trade, making it easier for even small investors to diversify their portfolios.
An investment environment regulated in accordance with MiFID II standards and actively supervised by the Latvian authority (IBF).
The lack of a secondary market means that the capital invested is tied up until the loan matures or is finally settled.
Returns and interest payments are contingent on maturity, which may result in prolonged periods without a steady cash flow.
The complexity of non-performing loans (NPLs), where customer complaints indicate that court proceedings in Spain sometimes take longer than initially estimated.

Experience and social proof

Trustpilot

197 Reviews
3.9/5
See Review

ScamAdviser

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

Social media activity

🟢 Very active
🟡 Not very active
🟢 Very active
🔵 Active
🟢 Very active
🔵 Active

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Frequently Asked Questions

Is INDEMO safe?

INDEMO offers security as it is regulated as an investment firm (IBF licence) by the Bank of Latvia, with protection of up to €20,000. Its assets are secured by first-rank mortgages and the portfolio yields 98.5% as at June 2026.

How much should I invest in INDEMO?

We recommend allocating between 5% and 10% of your crowdlending portfolio to INDEMO, starting with a minimum of €10 per transaction. Given its risk rating of 7, its ideal role is to provide diversification in the medium term whilst acting as a source of liquidity.

How do I declare INDEMO interest on my personal income tax return?

Interest from INDEMO is taxed in Spain as investment income (19% to 28%) within the savings tax base. As the platform applies withholding tax at source, you must declare the gross amount and claim the double taxation relief.

What happens if INDEMO closes?

In the event of INDEMO’s insolvency, your uninvested funds are segregated and protected by the Latvian compensation fund up to €20,000. Investment contracts and mortgages in Spain remain fully legally valid for the purpose of final repayment.

What is INDEMO’s discounted debt?

This product enables investors to invest in non-performing mortgage loans in Spain, acquired at a significant discount by partners such as Tamarindo Vector S.L. When the debt is settled through an agreement or auction, returns of up to 22.4% are generated.

Contact and support

Email: support@indemo.eu
  • High accessibility
They provide service in Spanish:
No
Live chat:
Yes
Telegram:
Yes
Response time:
1–3 days
Official FAQ:
See the FAQs

Corporate identity

Legal name:
Indemo SIA
Country of registration:
Latvia
Registration code:
40203401432
Registered office:
50 Skanstes iela, Riga, LV-1013, Latvia.
Work email:
info@indemo.eu

Regulation and equipment

Licence type:
IBF
Management team
CEO
Sergejs Viskovskis,
CRO
Jeļena Kibale
CTO
Daniels Zirjakovs
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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