Lendermarket: Quick Overview

S4F Review Analyis Lendermarket @ Savings4Freedom
If you want to assess Lendermarket in the fastest way possible, this is your start. A quick reading to know if you should spend time considering it to invest.

Lendermarket is a P2P platform established in 2019 to fund the loans of Creditstar Group. Owned by Aaro Sosaar, CEO of Creditstar through his holding company, the platform was initially established in Ireland probably for tax efficiency reasons, but all business operations are based in Estonia. For a more clear context, Creditstar uses Mintos as a funding source, but decided to establish his own controlled P2P platform, Lendermarket even if they are two separate entities.

Even if only founded in 2019, Lendermarket sponsorship by Creditstar Group is insurance of future potential. In July 2020 Creditstar Group announces that it successfully issued and sold bonds in the total amount of EUR 18.33 million with 12- and 18-month maturities. Only through financial disclosures and transparent auditing practices this is possible.

Lendermarket offers a very simple investment proposal: you can either select individual loans on the primary market, or simply use the auto-invest feature. Take into consideration that the platform does not offer a secondary market, but with short-term loans there is no particular reason to have one. You basically lend your money to Creditstar Group, that provides the buyback guarantees for all loans available from Czech Republic, Finland, Poland, Spain, and Estonia.

Even if promoting a buyback guarantee for all loans through Creditstar, investments in Lendermarket don’t have any collateral or mortgage guarantee, making the buyback guarantee as valid as the credit capacity of the Creditstar Group. It is also important to highlight the lack of visibility over the people that actually manage the platform, and the complexity of the company structure. Compared to other P2P platforms that offer similar services, Lendermarket needs to increase operational transparency.

Lendermarket Quick Review

Type of Loans Available

Consumer

Average Interest Rate

12-14%

Buyback / Secured Loans

Yes. Supported by Creditstar Group

Early Exit / Secondary Market

No

Auto Invest Feature

Yes

Control over Loans Invested

Yes, you choose

Money Drag

No

Hidden Fees

No

Loan Duration

1 month to 5 years

Reporting Tools

High Quality

User Experience

High Quality

Sign-Up Bonus

You can create a Lendermarket account through this link and earn 1% cashback in all your investments for the first 60 days

What to learn more about Lendermarket?

S4F Lendermarket Banner @ Savings4Freedom
Check all articles about Lendermarket by clicking the image above

Lendermarket Alternatives and Competitors

Real Estate Loans @ Savings4Freedom
Business Loans @ Savings4Freedom
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