rethink P2P (English)
437 subscribers
229 photos
1 file
267 links
P2P News & Content
Download Telegram
Bondora Group: EUR 9.5M Record Profit; Unquantified One-Off Effect!
 
Bondora has published its long-awaited 2025 Annual Report, once again audited by KPMG and prepared in accordance with IFRS standards. The figures are highly impressive. Revenue increased by 19% to EUR 62.7 million, the loan portfolio grew by 16% to EUR 697 million, and net profit almost eightfold to a record EUR 9.5 million. The balance sheet remains equally strong. The equity ratio (74.7%), debt ratio (0.34), and liquidity ratio (3.18) are all within strong and healthy levels.
 
The exceptional increase in profit – and consequently some of the financial ratios – have been supported by a one-off transaction with Bondora selling a portfolio of non-performing Finnish loans to an institutional investor. While a part of the purchase price will only be received over the next three years (recorded as a EUR 2.65 million long-term receivable on the balance sheet), Bondora appears to have already credited investors with the full amount of the sale proceeds.
 
The annual report does not disclose how much this one-off transaction contributed to the group's total profit. This should not diminish Bondora's achievement, but without knowing the exact size of the one-off effect, it is impossible to determine the company's underlying recurring earnings with precision.
❀2πŸ‘1
Aventus Group Reports EUR 49.1 Million Profit in the First Half of 2026
 
The Aventus Group has released selected financial figures for the first half of 2026. According to the company, it originated EUR 851.6 million in new loans, while its loan portfolio grew to EUR 468.7 million by the end of June. The group also reported a net profit of EUR 49.1 million.
 
These figures suggest that the costs associated with the group's growth strategy have remained well under control despite its ongoing international expansion. If the second half of the year develops at a similar pace, Aventus could potentially surpass its previous record annual profit of EUR 95.7 million.
πŸ‘5
7Harvests: Former Hive5 CEO Launches Swiss P2P Platform
 
A new P2P platform, 7Harvests, has entered the market. According to the company, investors can finance consumer, SME, and real estate loans from multiple countries with a minimum investment of EUR 50. The platform advertises returns from 15%, alongside loyalty and referral bonuses of up to 3%.
 
Warning Sign #1: 7Harvests often markets itself as β€œSwiss regulated” on its homepage. However, the fine print in the footer states that its VQF membership application (a Swiss self-regulatory organization, short β€œSRO”) is still pending. This appears to be a similar approach to Maclear, potentially allowing the platform to operate without obtaining a European Crowdfunding Service Provider (ECSP) license.
 
Warning Sign #2: The founder and Chairman of 7Harvests is Ricardas Vandzinskas. He joined Aventus Group as CFO in 2020 but left the company before completing his probation period. He later became the CEO and co-founder of Hive5, where he owned a 35% stake. During his tenure at Hive5, the platform was associated with publicly misleading statements regarding profitability, paid Trustpilot reviews, and legal action against critical reporting. In 2025, his shares were sold to Ruptela Group, the company controlled by Hive5's majority shareholder, Andrius RupΕ‘ys.
 
Conclusion: Beyond its very limited operating history, the existing warning signs should be viewed as important indicators of the platform's overall risk profile. As a result, an active promotion or monetisation of 7Harvests via re:think P2P is categorically ruled out.
πŸ‘13
PeerBerry: Eight Consecutive Years of Profitability
 
PeerBerry has published its 2025 Annual Report. As in previous years, the financial statements were not audited by an external audit firm and were prepared under Croatian accounting standards, which limits their comparability and overall informational value.
 
Operationally, PeerBerry completed its eighth consecutive profitable financial year. The platform reported a net profit of EUR 14,896 in 2025, representing a significant decline compared to EUR 579,135 in 2024.
 
While revenue remained almost unchanged at EUR 2.49 million, the lower profit was primarily driven by a EUR 671,149 increase in other external expenses. According to PeerBerry, these costs were related to the development of two projects outside the P2P platform (a gaming marketplace and a virtual card app)
 
PeerBerry Review + Bonus:
https://rethink-p2p.de/en/peerberry-review/
πŸ‘8❀1
NEW: Loanch Loan Originator Comparison
 
The latest update to my Loan Originator Comparison now includes the three companies currently listed on Loanch: Tambadana (Malaysia), Ammana (Indonesia), and AhaPay (Malaysia).
 
The results paint a rather clear picture: Outdated financial statements, little to no profitability, negative equity, and high impairments. Overall, the financial metrics are far from encouraging and stand in sharp contrast to the overwhelmingly positive reviews of Loanch that can currently be found online.
 
Why this discrepancy exists and what investors should really know about the platform before making an informed investment decision will be covered in the coming days on my blog.
 
Loan Originator Comparison:
https://rethink-p2p.de/en/lender/
πŸ‘8
Loanch Review: Why I'm NOT Investing!
 
Few P2P platforms are currently being promoted as aggressively on YouTube as Loanch. The marketing is heavily focused on cashback campaigns, platform visits, "yield hunter" narratives, and a framing that concerts risks into an opportunity.
 
Hence, my latest review takes a detailed look at the risk profile of Loanch, and how much substance
lies behind a company that is often promoted as a "cash cow".
 
To put it bluntly: The contrast between the largely affiliate-driven marketing and my own risk assessment could hardly be any bigger. If you are looking for an honest, data-driven evaluation of Loanch, check out my latest review.
 
β–Ίβ–Ί Loanch Blog Review:
https://rethink-p2p.de/en/loanch-review/
πŸ‘12
PeerBerry: Updated Financial Results for Eight Loan Originators

The latest financial statements of eight PeerBerry loan originators, including Acredit (Romania), Cash Express (Philippines), Credit365 (Moldova), One Credit (Kazakhstan), and PůjčkaPlus (Czech Republic) have recently been analysed. Compared to the previous year, four of these loan originators improved their scores, while one recorded a decline. In addition, Crediwise (South Africa), Lend Plus (Kenya), and Lendi (Argentina) have been assessed for the first time.

The detailed results are now available in my Loan Originator Comparison as well as in my PeerBerry review.
πŸ‘11
7Harvests Advertises Swiss Regulation (That Does Not Yet Exist?)
 
On its website, 7Harvests prominently promotes terms such as "Swiss regulated", "Swiss regulatory principles", and "Swiss-grade protection". However, this claim is qualified in the platform's FAQ section and footer, where the company only states that it has applied for VQF membership, not that it has been granted.
 
There is also another inconsistency in the platform's Terms and Conditions. There, 7Harvests states that it is already supervised by the VQF. As a result, the homepage and the contractual documents both claim an existing regulatory status, while the platform's own FAQ and footer describe the VQF membership as merely pending approval.
πŸ‘5😱5
LANDE Performance Report: June 2026
 
LANDE has published its monthly performance report for June. Across its four core markets, the platform financed 69 projects with a total volume of EUR 2.33 million, averaging EUR 33,753 per project. According to LANDE, investors earned an average annual return of 13.01% during the month, excluding any cashback campaigns or other bonuses.
 
The platform also welcomed 176 new investors in June, while cumulative interest paid to investors exceeded EUR 5 million for the first time. Personally, I have earned EUR 2,708 in interest since investing in December 2021, corresponding to a total return of 9.96%.
 
Another positive development is the decline in the number of defaulted loans. In absolute terms, the defaults (90+ days) fell from 126 to 111 loans. Based on the currently outstanding portfolio, defaulted loans now account for approximately 10.7% of the total portfolio.
 
LANDE Review + Bonus:
https://rethink-p2p.de/en/lande-review/
πŸ‘4
Mintos Launches Individual ETF Investing
 
Investors can now buy individual ETFs on Mintos instead of being limited to the pre-built Core ETF portfolios. The platform now offers access to more than 1,000 UCITS ETFs from providers such as iShares, Vanguard, and VanEck, with a minimum investment of just EUR 1.
 
According to Mintos, there are no trading or custody fees for ETF investments. Instead, investors only pay the ETF's ongoing costs, known as the Total Expense Ratio (TER). Mintos states that these fees average below 0.1%.
 
Another important point: Just like the platform's other investment products, the ETF portfolio is covered by the investor compensation scheme of up to EUR 20,000.
 
Mintos Review + Bonus:
https://rethink-p2p.de/en/mintos-review/
πŸ‘4❀1
Summer Break! β›±

A quick personal update: Tomorrow I will be undergoing knee surgery, so my focus over the coming weeks will be on recovery and rehabilitation. Hence, don't be surprised if things are a little quieter on the channel for a while.

With that, I am now officially taking a summer break until the end of August. Take care, stay healthy, and enjoy the summer!
πŸ™26πŸ‘14❀4
Afranga Introduces Early Withdrawals for SaveSmart
 
Afranga has introduced a new early withdrawal feature for SaveSmart. Investors can now withdraw up to 30% of their investment before maturity, subject to a maximum of €5,000. In addition, withdrawals of up to €100 can be made without any deduction.
 
To compensate for the increased liquidity, Afranga charges a 1% fee on the amount withdrawn.
 
Afranga Review + Bonus:
https://rethink-p2p.de/en/afranga-review/
❀3πŸ‘1πŸ”₯1🀣1
Lendermarket Reduces Exit Fee for Auto Invest FLEX

Starting on 16 August 2026, Lendermarket will adjust the exit fee for Auto Invest FLEX. Instead of the previous fee of 50% of the annual interest rate, a flat fee of 3.5% of the amount paid out will apply going forward.

Based on the invested capital, the effective fee will therefore decrease, according to the platform, from the previous 5.25% to 6.25% range to a uniform 3.5%.
πŸ‘3
TWINO Fully Repays All War-Affected Loans From Russia
 
It's finally done! Four and a half years after the outbreak of the war in Ukraine, which severely disrupted money transfers from Russia, TWINO has now fully repaid all war-affected Russian loans (€6.9 million) to its investors.
 
In addition to the monthly repayments (approximately €100,000 per month), the voluntary buyback offers launched in late 2025 and early 2026 also contributed to the full repayment. This officially closes the chapter on the Russian loan originator Moneza.
 
In my view, this is a happy ending with two important lessons. On one hand, the case highlights how significantly geopolitical risks can affect P2P investments. On the other hand, it also demonstrates that an orderly recovery process is possible.
 
TWINO Review + 2% Bonus:
https://rethink-p2p.de/en/twino-review/
πŸ‘5πŸ‘2
Is Maclear Being Promoted by Its Own Fake Review Website?
 
Jakub from P2P Empire has recently investigated a review website called CrowdIndex. The site ranks Maclear as the best P2P platform in Europe with a score of 9.2 out of 10. The investigation suggests that the website may not be independent but instead forms part of Maclear's own marketing infrastructure.
 
The domain was registered only at the end of May 2026, yet it already displays alleged user reviews dating back to October 2024. In addition, none of the nine listed editors can be found outside the website, while their profile photos show characteristics commonly associated with AI-generated images. The German-language legal notice ("Imprint") is also empty.
 
Even more significant are two technical findings. First, all links to Maclear and its partner platform 8lends contain the companies' own internal campaign parameters rather than the affiliate IDs typically used by independent affiliate networks. Second, CrowdIndex and maclear.ch share the same Google Analytics property and are connected through cross-domain tracking.
 
I strongly encourage to watch his latest video to protect yourself and other investors from shady platforms like Maclear and 8lends.
 
Maclear & 8lends Video on YouTube:
https://www.youtube.com/watch?v=knc9b_4MTYc
πŸ‘8
LANDE Introduces Inactivity Fee
 
On October 5, LANDE will update its Terms and Conditions. The key change is the introduction of a new inactivity fee. Investors will now be charged €10 per month during the first twelve months of inactivity, increasing to €50 per month from the 13th month onwards.
 
The fee only applies if two conditions are met simultaneously. First, no new investment has been made on either the Primary or Secondary Market during the previous twelve months. Second, there must be available cash in the account from which the fee can be deducted.
 
In plain terms: If you are simply letting your portfolio run off, you should regularly withdraw any available cash. If you do not agree with the change, you can terminate your account by contacting LANDE support via email until 4 October 2026. Without objection, the new terms will automatically apply.
 
LANDE Review + Bonus:
https://rethink-p2p.de/en/lande-review/
πŸ‘2
New Review: 7Harvests

Following the recent reports on 7Harvests, I have now published a detailed review of the Swiss P2P platform on the blog. In addition to the questions surrounding regulation and the founder's background, my review uncovered several other issues that should be carefully looked at.

7Harvests Blog Review:
https://rethink-p2p.de/en/7harvests-review/
πŸ‘6
P2P Portfolio Update 08/2026
 
In July 2026, my outstanding P2P portfolio generated €2,090 in income. This marks the highest monthly income I have ever achieved from my P2P investments. The result was supported by new personal income highs on PeerBerry (€447), Income Marketplace (€323) and TWINO (€135).
 
The nine transactions during the previous month resulted in a net deposit and withdrawal balance of negative €7,106. While €5,000 was added to my accounts on Monefit SmartSaver and LANDE, I withdrew €12,106 from Bondora Go & Grow, Income Marketplace, Nectaro, Debitum, Mintos, Afranga, and Estateguru.
 
As a result, the value of my outstanding portfolio decreased from €208,958 to €203,967 over the past month. My liquidity-focused investments in Bondora Go & Grow and Monefit SmartSaver accounted for €39,859 (19.5%) of the total portfolio.
 
Read the full update here:
https://rethink-p2p.de/en/p2p-lending-august-2026/
πŸ‘4❀1