Grupeer

Grupeer Review

Grupeer is a relatively new peer to peer lending platform in Europe with very good returns. Grupeer registered in October 2016, and the platform itself launched in February 2017. 1 year later we decided to give it a try and invest a little bit of money at this peer to peer lending platform. Here we are with our review, listing the pro’s and the cons about the platform

Right now, Grupeer is offering business loans and mortgage loans with interest rates ranging 14% to 15%. Grupeer is a marketplace of loan offerings, which means there are other loan originators offering their loans on the marketplace, competing with each other.

Account

Pro’s

  • Mortgage loans are secured with collateral.
  • Buyback guarantee: When loans turn 60 days late, they will be purchased back by the loan originator. This minimizes the risk to the investor. There is however still exposure to lose capital if the loan originator happens to go bankrupt. To prevent this, diversification is key.
  • Interest rates of 15% above alternative peer to peer lending platforms average.
  • Employees of Grupeer can be looked up on LinkedIn.
  • No crazy attempts or heavy marketing to grow fast. Overall a very stable platform.
  • No late loans or defaults after investing for 1 year.

Cons

  • Mintos is a more mature platform, although with lower returns.
  • All loan originators seem fairly new. Most of them registered mid 2017.

Loan originators

There nearly no track record of any of the loan originators, which makes the future of the Grupeer platform questionable. Although, overall, the peer to peer lending communities seem to be in favor for investing at Grupeer.

Name Registered / Founded  
Finsputnik Platforma SIA 12/05/2016 Latvia
KMFC Estonia OU 14/06/2017 Estonia
Monify SIA 04/08/2017 Latvia
Primo Invest SIA 12/10/2017 Latvia
  • Finsputnik Platforma SIA
  • Monify SIA

Screenshots

The overview screen of Grupeer's is similar to Mintos' and other platforms.
The overview screen of Grupeer‘s is similar to Mintos’ and other platforms.
The 'My Investments' page gives you an overview of projects you've invested in and their loan agreements.
The ‘My Investments’ page gives you an overview of projects you’ve invested in and their loan agreements.
The 'Autoinvestment' page allows you to set filters and put your money to work automatically. This means all you have to do is wire your money and enjoy the hands-off investing that comes with peer to peer lending.
The ‘Autoinvestment’ page allows you to set filters and put your money to work automatically. This means all you have to do is wire your money and enjoy the hands-off investing that comes with peer to peer lending.
The 'Account Statement' page shows past transactions on your account such as deposits, withdrawals interest income, and so on.
The ‘Account Statement’ page shows past transactions on your account such as deposits, withdrawals interest income, and so on.

Registration

Interested readers can go to Grupeer’s website here and open an account.

Your capital is at risk. Fabulous Life Adventures is not responsible for any capital loss that may incur.
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