Moncera: Quick Overview

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

Moncera is a P2P platform established in 2020 to fund the loans of Placet Group. Founded by two Placet Group prior employees, Dmitri Pavlov (CEO) and Aleksey Telitsyn (CTO), the platform operates based on a special relationship with Placet Group as exclusive loan originator. Moncera is located in Tallin, Estonia, and is regulated by the Estonia Financial Intelligence Unit. For a more clear context, Placet Group uses Mintos as a funding source, but diversified their P2P funding sources by supporting the establishment of Moncera even if they are two separate entities.

Even if only founded in 2020, Moncera sponsorship by Placet Group is insurance of future potential. Placet Group is among the Mintos loan originators with best track record. The company has been consistently profitable, with an average profit of €3M over the last few years. Based on the most recent financial report, even during the peak of the COVID crisis, Placet Group remained profitable. You can access details on the financials of Placet Group in the Moncera website.

Moncera 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, buy for a 0.5% fee you can sell your loans back to Placet Group. In any case, you need to align your investment strategy to your particular timeline objectives. You basically lend your money to Placet Group, that provides the buyback guarantees for all loans available from Estonia and Lithuania.

The key features being promoted by Moncera is its early exit mechanism. If you need early access for your money, they facilitate the repurchase of your investments by Placet Group with a 0.5% fee being applied from the loans repurchased. This is only possible due to the financial capacity of Placet Group and that’s the reason why you need to keep a close eye on this loan originator financials to ensure no surprises.

The process to open the account is very simple and professional. I will share more details in the near future.

Moncera Quick Review

Type of Loans Available

Consumer

Average Interest Rate

10-12%

Buyback / Secured Loans

Yes. Supported by Placet Group

Early Exit / Secondary Market

Yes, by the Loan Originator with a 0.5% fee

Auto Invest Feature

Yes

Control over Loans Invested

Yes, you choose

Money Drag

No

Hidden Fees

A 0.5% fee for early exit

Loan Duration

3 months to 6 years

Reporting Tools

High Quality

User Experience

Medium Quality

Sign-Up Bonus

No bonus from Moncera for new investors, but you can create your account using my referral link and support the blog this way. Thank you!

What to learn more about Moncera?

S4F Moncera Banner @ SavingsForFreedom
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