The Best P2P Sites for Investors in Spain
An EU passport offers several conveniences. You can travel throughout Europe without applying for a bunch of Visas. You can drive in numerous countries without having to get an international license. You have a unified currency, which saves you money on conversion rates. And most relevant, your EU bank account gives you access to the many investment opportunities reserved for Europeans, including the thriving peer-to-peer lending market. In this detailed blog, P2Pincome's financial experts cover 5 world-class p2p lending sites available to Spanish investors. Each of the platforms offers added value of some kind, and each comes with P2PIncome's recommendation.
Reinvest24
When you invest in loans, the source of your profit is the interest the borrower pays. However, when you invest in real-estate, you earn money from interest, from rental dividends, and from the eventual sale of the property (referred to as "capital gains"). Few p2p sites can compete with Reinvest24 in this category. This top-tier platform lists dozens of real-estate development projects, including residential projects, office buildings, green-energy projects, and service projects (such as hotels and Airbnb). Investors buy shares of a project, earning monthly payments commensurate with their shares. Some of the projects pay out rental dividends for years, while others provide quick turnarounds and profits.
Reinvest24 offers both a Primary and Secondary market, with hundreds of projects between them. Each prospectus provides the data needed to make an informed decision, including the Funding Target, the Interest Rate, the Duration of the loan, a description of The Area and The Property (address, square-meterage, building plans, specifications), and Project Updates. There's also a progress bar indicating how much of the project is open for investment. The site reports a yield of 15.16% on an annual effective return of 16.44%. The average length of a loan is under a year, with rental agreements often lasting several years prior to exit. and because the loans are backed by actual real-estate, your investments enjoy added security.
Spanish investors interested in something local will be happy to learn that around 25% of Reinvest24's projects are located in Spain. The company also keeps an office in in Spain, at the Parque Tecnológico in Paterna. To find local projects, select Properties on the homepage, and then select Spain from the All Countries drop-down list under Available Properties. Between the Primary and Secondary markets you'll find at least two dozens projects, and sometimes as many as fifty. In addition, you'll find projects in Germany, Moldova, Latvia, and Estonia.
PeerBerry
PeerBerry is a must-use site for anyone serious about p2p investment. The platform was one of the first p2p sites to cross 1-billion-euro in total funds invested. It's also one of the only sites that provided its users with a clear crisis-management strategy when the war in Ukraine brought out. The company's attention to detail and double-buy-back guarantee are sources of investment security for users, because they greatly decrease the risk of capital-losses. PeerBerry also reports an impressive 11.1% average annual investment return. While the site doesn't have loans in Spain specifically, it should still be on every European investor's p2p list, especially for those with deep pockets.
PeerBerry markets itself as "Transparent, Responsible, Reliable," and there's a lot of truth to that. The site's statistics page provides a lot more data than most others, including a graph of their Outstanding Portfolio, the Total Invested, Average Annual Investment Return, Loans Funded, Interest Paid to Investors, Loans Outstanding by Loan Type, Loans Outstanding by Loan Originator, and Investments Statuses. The site also has a Blog page with detailed reports and updates. PeerBerry's investors remain informed at every step. This level of seriousness can be attributed to the platform's impressive team, starting with PeerBerry's CEO, Arūnas Lekavičius.
PeerBerry doesn't actually work with any Spain-based loan originators, but that shouldn't discourage you. Being part of the EU economic system, Spain and its citizens have every right to invest in any of the opportunities available of PeerBerry and other European platforms. If you happen to have over 10,000 euro to invest, PeerBerry's Silver program will allow you to earn an extra 0.5% on your investments. Similarly, there is a Gold program for those with 25,000 euro, offering 0.75%, and a Platinum program offering a full 1% for those with 40,000 euro or more.
Mintos
With over 8-billion euro in total funds invested, and a whopping 12.53% average interest rate, Mintos is peer-to-peer lending powerhouse like no other. Mintos offers a vast variety of loan types: Agricultural, Forward Flow, Mortgage, Pawnbroking, Business, Invoice Financing, Personal, and Automotive. The company works with over 50 loan originators, making it one of the most far-reaching p2p sites in Europe. In addition, Mintos has a bustling secondary market, where over 80% of its active investors patriciate, to the tune of millions of euro per month.
Mintos was established in Latvia back in 2015, and since then the company has managed to conquer over 40% of the European p2p-lending market. The platform offers users several automated-investment options in case they don't wish to invest manually. They also offer an excellent mobile app, for investors on the go. In addition, the site's blog has hundreds of informative articles, updates, offers, and even some Investor Stories. Spaniards interested in finding local investment opportunities should go to the Mintos homepage and select the Statistic button.
In the resulting drop-down menu, select Lending Companies. Next, select the Filters button, and look for the Country filter. By default, all of the countries are selected, so you'll need to Clear All. Now scroll down to and check the box for Spain. This will provide you with a list of Spanish loan originators. By selecting one from the list, the site will take you to a detailed statistics page that includes the total Loans Originated, the current Loan Portfolio, the amount of Skin in the Game that company purchases, and the Average Interest rate of the loans originated by that company. It will also include historical data and recent news.
Iuvo Group
Iuvo Group understands the importance of passive-income sources, as well as the importance of liquidity and savings. After all, you can't invest all of your cash, but that doesn't mean your cash can't work for you. That's why they've developed a high-yield savings program (IuvoSAVE) where you can put your liquidity to work, earning far more than it would at any traditional bank. In terms of the p2p loans, the platform works with over a dozen personal-loan originators throughout Europe, including Spanish originators iBanCar Spain and Axi Card Spain. Most of the loans are relatively small and short-term, which means you can easily diversify, and with no minimum investment, the platform is ideal for new investors looking to test the waters.
On the Iuvo Marketplace you'll can invest in personal loans ranging from just 100 euro, to around 2000 euro. You are not likely to find loans for amount over that. The interest rates range from 6% to 11%, based on the Score Class (credit-worthiness) of the borrower. Most of the loans are repaid in monthly installments (listed as 30 days), but some are listed as 14 days. On the Secondary Market you'll find much smaller amounts, not because the loans were small, but because users are reselling their shares of those loans. If you're just starting out, or don't have a lot of money to invest, this is a great way to learn about p2p. Consider purchasing a 5-euro loan and seeing how that goes.
Spanish investors interested in local investments can look at the far-left column of the Marketplace, which displays the flag of the country in which the loan was originated. To be sure, you won't always be able to find loans from Spain, but the reality is you can still make plenty of money investing in other countries. Your other option is to wait till a Spain-based loan becomes available, and take advantage of the IuvoSAVE program till then. This high-yield savings program allows you to earn a fixed rate 7% per annum, and the minimum deposit in a mere 100 euro. To learn more, select the IuvoSave button on the homepage, and then use the Simulation Calculator to find out how much you can earn.
EvenFi
EvenFi has a unique business model: peer-to-peer lending with a focus on impact investment. Most of the companies listed on EvenFi are Small-and-Medium-sized Enterprises (SMEs) and green-friendly organizations looking for funding to purchase materials, expand their output, build their online profile, or upgrade their facilities. Unlike the many p2p platforms that work with loan originators, EvenFi works directly with its clients to tailor loans best suited to each client's financial needs and business model. This includes bullet loans, amortized loans, venture debt, dynamic loans, and composite loans with special terms and conditions.
The EvenFi marketplace offers 4 lists: Raising, Coming Soon, Funded, and Reimbursed . The latter two are for purposes of transparency, and serious investors should look over those lists to better understand how the platform operates. You can also filter by Risk Level (ranging from A+ to D), APR (ranging from 8% to 12%), and Maturity (ranging from 1 month to 60 months). In addition, you can isolate by Status, ("raising," "coming soon," etc.), and by Project Type, meaning loan structure. If you're especially interested in Impact Investments, look for the small leaf-icon near the heading of the project. That icon indicates the project is eco-friendly, artisanal, or educational.
To locate investment opportunities in Spain, select the For Investors button on the homepage, and then select Spain from the drop-down list under Country. EvenFi keeps an office in Barcelona, Spain, in addition to their main office, which is located in Bergamo, Italy. Among the successful projects EvenFi has funded in Spain are a 75,000 euro loan to Embargosalobestia, for the expansion of their brick-and-mortar locations, 40,000 euro to Black Limba, to prepare a lingerie and activewear collection, and 40,000 euro to Valera Salazones, for the purchase of fresh fish to be salted, packaged, and sold.
Our Recommended P2P Lending Sites for Investors in Spain
Market Type
Mortgage Loans
Average Returns
12 - 17%
Minimum Investment
EUR 100
Signup Bonus
EUR 10
Registered users
25,000
Total funds invested
EUR 40 Million
Default rate
0%
Regulating entity
Self-Regulated/EU Compliant
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Bank Card, TransferWise
Withdrawal methods
Bank Transfer, Bank Card, TransferWise
Reinvest24 is an equity backed real estate rental P2P lender. Though they are a much smaller P2P lending platform in comparison to the top P2P lenders. They deserve a high place on the list because of their attention to detail and successful execution of business goals.
Market Type
Consumer Loans
Average Returns
9 - 12%
Minimum Investment
EUR 10
Signup Bonus
1%
Registered users
500,000
Total funds invested
EUR 8.9 Billion
Default rate
16%
Regulating entity
Financial & Capital Market Comission (Latvia)
Buyback guarantee
Secondary market
Payment methods
PayPal, Bank Transfer, Credit Card, TransferWise
Withdrawal methods
Wire transfer, Credit Card
Mintos is P2P loan originator aggregator whom after years of slow growth exploded and became the number one P2P lending platform in Europe. Find out why in this review. Is Mintos an investment worth considering?
Market Type
Consumer Loans
Average Returns
9 - 12%
Minimum Investment
EUR 10
Signup Bonus
0.5%
Registered users
70,000
Total funds invested
EUR 1.8 Billion
Default rate
7%
Regulating entity
Self-Regulated/EU Compliant
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Bank Card, TransferWise
Withdrawal methods
Bank Transfer, Bank Card, TransferWise
PeerBerry is an excellent P2P platform to its 100 percent successful fund recovery track record. They offer slightly below market interest rates in exchange for a guarantee users will never lose their funds.
Market Type
Consumer Loans
Average Returns
8 - 10%
Minimum Investment
EUR 10
Signup Bonus
None
Registered users
36,000
Total funds invested
EUR 370 Million
Default rate
8%
Regulating entity
Estonian Financial Supervision Authority
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, Trustly, Paysera, Revolut, TransferWise, ePay
Withdrawal methods
Bank Transfer
Iuvo is an award-winning P2P and personal-savings platform based in the Republic of Estonia and regulated by the Estonian Financial Supervision and Resolution Authority. The platform is well-funded, and works with several loan originators to market personal loans ranging from 1000 to 2500 EUR.
Market Type
Business Loans
Average Returns
7.4%
Minimum Investment
EUR 20
Signup Bonus
No
Registered users
20,000
Total funds invested
EUR 36 Million
Default rate
Undisclosed
Regulating entity
Comisión Nacional del Mercado de Valores
Buyback guarantee
Secondary market
Payment methods
MangoPay
Withdrawal methods
MangoPay
In this detailed review, P2PIncome's financial experts assess EvenFi.com, an Italian crowdfunding platform that emphasizes social impact in addition to profits and gains.
Verdict
P2PIncome's financial experts consider each of the sites above worthy of your attention. However, the combined revenue streams from interest, rent, and sale make Reinvest24 one of the very best p2p sites around. Investors can enjoy returns that are 3 to 5 points higher than most p2p sites, while feeling the sense of the security that only comes from real-estate backed loans. Reinvest24 selects its projects with great care, and the marketplace is highly-detailed and informative. Furthermore, the minimum investment requirement is only 20 euro, which means the site is accessible to investors at all financial levels.