Wisefund: Enough! Time to Mobilize

S4F Wisefund Investors Action Group @ SavingsForFreedom
With the lack of interest payment on July 31st, I’m writing down my investments in Wisefund and urging any other investor in the platform to take action.

Last January, Kuetzal and Envestio shutdown their fraudulent operations. After that, Monethera and Grupeer also defaulted on their promises. Based on business model similarities also Wisefund was in my problems list. With the lack of interest payment last July 31st, I’m writing down my investments and urging any other investor in the platform to take action.

One Recognizable Business Model

After the hard lessons learned with Kuetzal, Envestio, and Monethera it was easy enough for any investor familiar with these platforms business model that Wisefund could be the next one. Even so, in March the platform was actively searching for companies to finance, paying for press release promotion online, as you can read here and here, just as examples.

But checking the lessons learned, let’s do a quick checklist:

Company Background. Structure & Network

Wisefund states a partnership with Nord Capital Markets, for due diligence of projects, but no clear evidence of such partnership is available online. Other relevant link to this discussion is the buyback guarantee by a third-party, Best Treasure Limited. This was later abandoned in the beginning of the year, with may answered questions. Without a clear online footprint, it is almost impossible to understand the company background, structure and network.

Marketing over Finance & Tech

Simply… yes! Secure investment? Easy, I can confirm that is very easy to invest… but secure? Only if I get my principle back!

S4F Wisefund Agressive Marketing @ SavingsForFreedom
Wisefund Twitter Feed

Customer Service & Communication

A big mess. From initial availability to join every single investor channel, over the last 4 months the information is scarce and unreliable. The updates on the platform are random and replies to investors are copy/paste from one to another.

Loans that don’t make sense

Looking to some of the companies that received loans, it is very hard not to start checking information and realizing that most companies are recent, one man operations with a very small online footprint. Find out more here.

Bank Accounts & Interest Payment Methods

After the problems opening a bank account… Withdraws of available money work almost instantaneously. However, just last week, some investors reported the payment of interest in multiple projects, while others didn’t received anything. The payment of interest seams to be random and made to divide investors opinions on what is really going on with the platform. In my particular case, I did not receive any interest payments from my investments.

NordVPN Internet Security @ Savings4Freedom

My Apologies

In the past I was among the bloggers that promoted these type of P2P platforms. If you are among the investors that decided to invest in them following my posts, I’m deeply sorry about all this mess. Part of my decision to restructure the entire blog is exactly to get things right. I just hope everyone is able to receive their investments back and I’m wrong in classifying Wisefund as a fraud.


A group of investors is collecting information from all interested in proceed with a legal action. You can find the instructions here, and the questionnaire here. And if you want to be informed on all the activity, my recommendation is for you to join the dedicated Telegram Group.

We, as investors, should do the same, as Killer Mike urged protesters to do in Atlanta: “plot, plan, strategize, organize and mobilize“. Then act!

Do you what to receive updates on new publications? Check SavingsForFreedom on Telegram and WhatsApp, or follow the blog in the links below! Thank you!


Share your opinion on this topic!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like
S4F Risk Management iban wallet @ Savings4Freedom
Read More

iban Wallet: A Warning Message

I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.