Welcome, MyCrowdlenders!

As everyone might know by now, the year has begun with the vanishing of two crowdlending platforms, that have convulsed the European P2P market. Kuetzal and Envestio just disappeared and, allegedly, the money of its investors disappeared with them. The estimated figures are 8 million EUR for Kuetzal and 31 million EUR for Envestio. Estonian police made the following announcement on 31st January, stating they are conducting two criminal investigations and advising affected investors to gather all the information regarding their investments and filing criminal reports to them.

How much did I lose in Envestio and Kuetzal?

If you have been following my blog, you won’t be surprised to know I had investments in both platforms. But, how much money did I lose?

Kuetzal: My total loss is the sum of €5.000 initially invested, and all the (fake) accrued interests (almost €600). I never made a single withdrawal 😭.

Envestio: Although I had €6.000 invested by 31/12/2019, I managed to withdraw a total of €2.150 in January, so my total loss has been €3.850 and all the (fake) accrued interests (almost €1.000).

Together these losses (€8.850) represented 18,34% of my Crowdlending and Crowdfunding portfolio. It’s a hard pill to swallow. When I began to invest in p2p lending I knew it was a very high-risk kind of investment. And I accepted it since my risk tolerance is quite high. But Kuetzal and Evestio were not bad investments at all (which I was prepared for). They were, allegedly, plain scams. And I wasn’t prepared to be scammed. Of course, I’ve started legal actions against both companies. I’ll probably won’t get my money back (maybe a little part of it, if any), but I’ll fight with the rest of the affected investors to make justice.

What have I learned? What will I do next?

After being scammed this way, what am I going to do? Am I going to quit investing in crowdlending and crowdfunding? Absolutely not. I do believe crowdlending and crowdfunding are great investment options. There are lots of trustful platforms out there, and I will keep on investing in them. However, I’ll do more due diligence, choose credibility against high returns, and I’ll be more critic and cautious. I will also stay tuned to the different Telegram groups which have been created as a result of these nasty incidents, where the investors’ community shares relevant information about new projects/platforms and interesting findings that are really useful when deciding to make an investment. And, last but not least, I will diversify as much as possible.

Crowdfunding and Crowdlending Portfolio: Month Overview

Excluding the platforms which vanished with my money, my crowdfunding and crowdlending passive income kept coming steadily like always. Below is my January income chart, with platform contribution, excluding Envestio and Kuetzal. I’ve fixed the amounts of all previous months as well, since I did never withdraw any profits from these two platforms, so all accounted interests were gone.

Crowdlending and crowdfunding passive income with platform contribution until January 2020
Crowdlending and crowdfunding passive income with platform contribution until January 2020

These are the figures of all my investments in crowdlending and crowdfunding at the end of January (31/01/20), ordered by the extended internal rate (XIRR) obtained in the different platforms from highest to lowest:

Table - Crowdlending and Crowdfunding returns obtained in January 2020
Table – Crowdlending and Crowdfunding returns obtained in January 2020

In January I opened an account in Iuvo and invested €1.000. As I told you before, my new strategy will prioritize security against high interests. And after doing some research I think Iuvo is one of the safest crowdlending platforms out there.

I’m also balancing risk among the platforms I’m already invested in, reducing my exposition to the ones in which I have a big amount of money invested (even if no concerns about them have arisen so far), and abandoning those which have already shown enough red flags.

So I’ve withdrawn money from Crowdestor (-€419.81, despite its excellent performance, and its so far unquestioned credibility), Crowdestate (-€164.56 since I don’t like the way they have managed some of the projects with problems), and especially FastInvest (-1,793.88 because I don’t feel comfortable to keep my money invested anymore).

Finally, I’ve withdrawn €500 from Swaper just because of cash drag (but it’s still one of my favorites crowdlending platforms).

The TOP 3 of profitability in January was coped by Iuvo (but just because of the welcome bonus since I was invited by another investor), Crowdestor (with an XIRR of 17.31% and €226.93 generated in January) and Grupeer (with an XIRR of 13.79% and 74.95€ returned).

Let’s go for a detailed analysis of each crowdlending and crowdfunding platform’s performance!

Iuvo

Iuvo started in the crowdlending business back in 2016. The main reason why I chose this platform is its excellent customer support, and that all their loan originators have a long track record of a profitable business.

I made a deposit of €1.000 on the 21st of January. And I received a welcome bonus of €30 the 24th. That’s why the XIRR skyrocketed this month.🙃

The next day I opened my account, I received a phone call from an Iuvo adviser who offered to explain to me how crowdlending worked and the use of their platform. In perfect Spanish! I think it’s by far the best customer services I’ve experienced with any crowdlending platform.

Excluding the bonus, I got €4.51 for just 10 days on the platform. Not bad at all! Stay tuned to see the performance of the last addition to my crowdlending and crowdfunding portfolio!

Crowdestor

Crowdestor is in the second position in January (although, as I said before, Iuvo‘s first position is just circumstantial). The XIRR has jumped to 17.31% (it was 16.25% in December):

Crowdestor Income until January 2020
Crowdestor Income until January 2020

Crowdestor paid €226.93 in January 2020. It’s still my favorite crowdfunding platform. 😍 Although I must say I didn’t like one of its lasts projects at all: “Fur processing company”, 24 months at 26%. Really? 26%??? Not only I find it’s an incredibly high interest (risk must be skyrocketing), but also wouldn’t ever I finance animal cruelty projects/businesses. I hope they will avoid those kinds of projects in the future.

This is my overview panel as of 31/01/2020:

Crowdestor Overview Panel as of 31/01/2020
Crowdestor Overview Panel as of 31/01/2020

If you decide to invest in  Crowdestor, consider registering using this referral link, to help me maintain the blog online.

Grupeer

The third position in the profitability table in January is for Grupeer. The accumulated XIRR has slightly increased up to 13.79% (it was 13.78% in December 2019), and €74.95 have been passively generated.

Grupeer Income until January 2020
Grupeer Income until January 2020

Take a look at my overview panel as of 31/01/2020:

Grupeer Overview Panel as of 31_01_2020
Grupeer Overview Panel as of 31/01/2020

Mintos

Mintos moved to the 4th place in January. The biggest European crowdlending platform had a great performance in January, returning €42.57. The XIRR dropped to 13.16% (it was 13.74% in December).

Mintos Income until January 2020
Mintos Income until January 2020

My current weighted average interest rate for EUR loans has gone up to 11.53% (11.18% in December). I’m still trying to decrease Finko’s weight in my portfolio (although it’s already below 25%).

My Mintos EUR Loan Interest, Duration and Loan Distribution Summary as of 31/01/2020
My Mintos EUR Loan Interest, Duration and Loan Distribution Summary as of 31/01/2020

Here you can see the average interest rate of my RUB portfolio:

My Mintos RUB Loan Interest, Duration and Loan Distribution Summary as of 31/01/2020
My Mintos RUB Loan Interest, Duration and Loan Distribution Summary as of 31/01/2020

And these are my accounts statements for January 2020 in the three currencies I invest :

Mintos January 2020 EUR Account Statement
Mintos January 2020 EUR Account Statement
Mintos January 2020 RUB Account Statement
Mintos January 2020 RUB Account Statement
Mintos January 2020 MXN Account Statement
Mintos January 2020 MXN Account Statement

I’ve decided to get rid of my MXN investments, so this will be the last time I’ll post figures in Mexican pesos.

You can read my complete Mintos review here, in order to learn more about this great crowdlending platform.

Swaper

In January, Swaper‘s XIRR upward trend made this platform rise to the 5th position of the profitability table. XIRR reached 12.36% in January 2020. It was 12.18% in December, 11.81% in November, 11.27% in October, 10.94% in September, 10.29% in August, 9.71% in July and 9.02% in June. The Loyalty Bonus (all loans come with a 14% interest rate when you invest more than €5,000) is definitively boosting this platform’s performance for my investments. In January 2020 I got €76.07 passive income from Swaper.

Swaper Income until January 2020
Swaper Income until January 2020

Below you can take a look at my Swaper overview panel and January 2020 account statement:

My Swaper's overview panel as of 31/01/2020
My Swaper’s overview panel as of 31/01/2020
Swaper January 2020 account statement
Swaper January 2020 account statement

In case you are interested in knowing more about Swaper, you can read my complete review.

Viainvest

Viainvest conquers 6th place in January, with an XIRR of 12.07% (12.16% in December). It returned €9.96.

Viainvest Income until January 2020
Viainvest Income until January 2020

Despite a little bit cash drag lately, I’m really happy with this platform. I think it’s a great option to diversify every crowdlending and crowdfunding portfolio. Take a look at my account balance and account summary at the end of January 2020:

ViaInvest Account Summary and last investments as of 31/01/2020
ViaInvest Account Summary and last investments as of 31/01/2020
ViaInvest Account Summary as of 31/01/2020
ViaInvest Account Summary as of 31/01/2020

If you want to add Viainvest to your crowdlending portfolio, consider registering using this referral link, to help me maintain the blog online.

Lenndy

In December Lenndy climbed to the 7th position in the profitability table. I got €14.83 and the XIRR raised to 11.80% (it was 11.27% in December).

Lenndy Income until January 2020
Lenndy Income until January 2020

Lenndy‘s monthly passive income chart has a very characteristic saw shape and in January we were in the high peak. Here you can take a look at my Lenndy overview panel as of 31/01/2020 and January 2020 account statement:

Lenndy Overview Panel as of 31/01/2020
Lenndy Overview Panel as of 31/01/2020
Lenndy January 2020 account statement
Lenndy January 2020 account statement

Despite the irregularity in monthly income, Lenndy is performing very well. After more than a year investing with them, I can say it’s a perfect platform for diversification.

If you want to diversify your portfolio with Lenndy, consider registering using this referral link, to help me maintain the blog online.

PeerBerry

In the 8th position, we find PeerBerry. I’ve been investing in this platform for more than one year so far, and I must say I’m very happy. PeerBerry has a quite long trajectory, and I consider it’s a very good option to diversify any crowdlending portfolio. In January my passive income from PeerBerry was €9.61 and the XIRR was 11.46% (slightly lower than in December, when it was 11.49%).

PeerBerry Income until January 2020
PeerBerry Income until January 2020

This is my account summary as of 31/01/2020:

PeerBerry Overview Panel as of 31/01/2020
PeerBerry Overview Panel as of 31/01/2020

As you can see, the net annual return calculated by the platform is slightly higher than that calculated by me.

If you want to diversify your portfolio investing with PeerBerry, consider registering using my referral link, to help me maintain the blog online.

Robocash

Robocash, the simplest and most automatized platform in the market, is in the 9th position in January. If you want to start investing in crowdlending but do not want complicated platforms, sign up for Robocash. Once the initial setup is done, the passive income keeps coming without you having to spend a single second in managing or controlling your investments. Easy and without any cash drag.

I received €38.09 in January 2020, and the XIRR remained almost identical, 11.26% (11.27% in December 2019).

Robocash Income until January 2020
Robocash Income until January 2020

Take a look at my overview panel as of 31/01/2020:

Robocash Overview Panel as of 31/01/2020
Robocash Overview Panel as of 31/01/2020

If you want to know more about Robocash you can read my complete and updated review here.

FastInvest

FastInvest descends dramatically in the profitability table to the 10th position. The reason is I finally decided to stop investing my money in this platform since so many concerns and red flags have been arising during the last months. It’s a pity because I think they have by far the best website of all crowdlending platforms. But they insist on not revealing their loan originators, and many believe it’s a Ponzi scheme. After the blow with Kuetzal and Envestio, I’m more cautious, and I will not risk my money.

So I sold almost all the loans I had, which means I lost all the interests already received from them. That’s why in January I got a negative return: -€93.51. That made the overall XIRR descend to 8.83%.

FastInvest Income until January 2020
FastInvest Income until January 2020

I withdrew €1793.88, leaving my account value with just €65.15. I will be withdrawing the rest of my money as the loans expire.

FastInvest Statistics Panel as of 31/01/2020
FastInvest Statistics Panel as of 31/01/2020

Estateguru

Estateguru leaves the penultimate position of the profitability table to rise up to the 11th position. But XIRR has increased to 7.84% in January (it was 7.14% in December). Remember this low XIRR is not due to a bad performance of projects, but because most loans pay interests at the maturity date. I got a passive income of €8.83 in January.

FastInvest Income until January 2020
FastInvest Income until January 2020

This is my Key statistics panel showing January’s profits:

EstateGuru January Key Statistics
EstateGuru January Key Statistics

Although I’ve been working with Estateguru just for 6 months, I must say my impression is excellent. All investments are backed by mortgages on the properties and over the years they have managed zero loss of capital.

They stand out by their recovery rate of defaulted loans. They have recovered all of them so far. This platform meets my new standards in due diligence and risk assessment, so I will be increasing my investment in Estateguru very soon

I you want to start investing through Estateguru, please consider registering using my referral link, to help me maintain the blog online.

Crowdestate

I’m slowly decreasing my positions in Crowdestate. As you already know by now, some of the projects I’ve invested in are experiencing problems.

Pärnu County Court approved Baltic Forest OÜ’s reorganization plan, which gives the company an opportunity to pay off all debts through the reorganization procedure with the help of reorganization measures. Cool, isn’t it? Well… not so much. The payment calendar has been completely rescheduled: I won’t be paid interests again until 30/04/2020, and I won’t recover my principal until 31/12/2026. 💀💀💀. Well, I’ll try to sell my loans in the secondary market (it’s allowed again for this loan), but I’m afraid nobody will buy them in a long time.

Regarding, H.M. Seafood OÜ, the hearing was adjourned to give the debtor time to pay off the debt or agree on a debt repayment schedule. Crowdestate met representatives of H.M. Seafood on 17/01/2020 and they promised to make their proposal for payment of the debt within two weeks.

The rest of the projects I’m invested in are performing well, but I plan to sell them all, if possible. I don’t feel comfortable enough with this platform, so I will try to quit as soon as possible.

After all, the accumulated XIRR until January 2020 was 7.36% (7.53% in December). I received €12.28, some of which was obtained by selling some loans in the secondary market.

Crowdestate Income until January 2020
Crowdestate Income until January 2020

Reinvest24

Currently, I only have two properties in Reinvest24. One of them (Apartment development in Tallinn’s tech hub) should have been sold months ago, but they don’t find a proper buyer. At the beginning of January, they informed they have decided to make the price lower, in order to speed up the selling process. However, I’m still waiting.

My Reinvest24 investments as of 31/01/2020
My Reinvest24 investments as of 31/01/2020

Take a look at my transactions panel:

Reinvest24 Transactions and Overview Panel as of 31/01/2020
Reinvest24 Transactions and Overview Panel as of 31/01/2020

In January I only got €2.52, and the XIRR dropped to 6.56%.

See you next month!

Thank you for having reached the end of my crowdfunding and crowdlending portfolio update, dear visitor. I hope you found it interesting!

If you haven’t done it yet, why don’t you follow me on twitter?

And please remember: if you have any questions or want to make a suggestion for a new platform to review, don’t hesitate and tell me in the comments!

See you in my next update, MyCrowdlenders!

5 Responses

  • Hi, Carlos. I’ve just started following you, and I really appreciate your clear and useful comments about the crowdlending/crowdfunding platforms. I’ve noticed that you don’t invest in Lendermarket. Any reason for that?
    Pd- I’ve also lost some money in Envestio. I guess this is the other face when investing in high risk bussinesses. But the same as you, I had never thought it would be a scam!
    Greetings.

    • Hi Germán!
      Thanks for reading my blog and becoming a new follower!
      I have Lendermaket under my radar and plan to begin investing this month. So far all I’ve found about them is good.
      Are you invested in Lendermarket?
      P.S.- Shame on Envestio and on Kuetzal!
      Regards!

      • Hi, Carlos. Thanks for replying.
        I invested my first 500 € in Lendermarket this very morning!. It’s a new platform based in Ireland, and the little problem I noticed is that all my loans went to the same country (Poland), so diversification was not possible at all. Another handicap is that the originator of all the loans is the same- CreditStar, which is also in Mintos, and that’s why I had to eliminate this originator from my account in Mintos so as to diversify the loans.
        Let us know what you think when you register and start investing.
        Greetings!

  • Hi Carlos, just a great thanks for your great posts and reviews. They really inspired me. I get sad for your money lost on those two platforms. I have read all the reviews on your and other p2p investor’s blogs and everybody were writing great things like those that everybody writes for mintos and grupper for examble. It’s a little bit terrifing.
    I really love your charts also. Is it ok to ask in which site or program you make them?
    thanks again.

    • Hi Alex!
      Thanks for passing by and for your comment.
      I think we all were too naive (or too greedy, or both). I was prepared to lose money because of a bad inversion (projects defaulting), but I wasn’t ready to be scammed.
      But it was, indeed, a good lesson (although at a quite high cost).
      Regarding the charts: plain Excel, my friend!
      Best wishes and please take care!

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