P2P Lending Platforms that Accept Revolut Banking
What is Revolut?
Revolut is an online bank that transcends borders. They are headquartered in the UK and are currently one of the biggest projects in the financial tech space. Revolut offers users a completely free-to-use bank account that comes with pay-to-use features such as, savings accounts, travel insurance, investing in stocks and in cryptocurrencies. Many peer-to-peer lending companies promote Revolut's service as it allows the international community to easily transact with one another
More importantly, Revolut's online banking system provides every user the ability to exchange currencies without any fees and transfer funds from anywhere in the world with any national bank, again with out fees. Revolut has done wonders for consumer liquidity.
So who accepts Revolut?
Not all platforms accept Revolut payments, but the biggest in the industries are very much in favor of the features Revolut offers in the P2P lending space.
PeerBerry
PeerBerry is an incredibly fast growing company in the alternative finance space and accept Revolut card payments. They mostly deal with consumer loans in relatively high risk states in Eastern Europe and Russia.
PeerBerry, like Mintos, is also a loan originator aggregator. They initially started on Mintos' service but shortly after decided that they too wanted their own P2P lending platform. Their hands-in approach to P2P lending has done wonders for them as they remain highly profitable. PeerBerry is a branch of Aventus Group. Investors have the option to reap the profits Aventus Group reaps from its borrowers. But ultimately, Aventus is by and large more responsible for the financial well-being of PeerBerry.
Mintos
Mintos is Europes largest Peer-to-Peer lending platform and accept Revolut card payments. Mintos itself also supports about a dozen currencies so users can benefit from the free exchanges on both platforms.
Mintos is a loan originator aggregator, this means that they host a number of loan originators on their platform and lenders can choose which loans they would like to be serviced. Mintos specializes in consumer loans, but in general, have a very diversified lending market. Mintos is for many, the only P2P lending platform and Mintos' track record is a testament to their competency as P2P lenders.
EstateGuru
EstateGuru is a real estate development peer-to-peer lender. All of the investments on EstateGuru are backed by physical property and 1st rank mortgages.
EstateGuru mainly operates in Eastern Europe but is increasingly expanding to North Europe like Norway and in bits of Western Europe like Spain and Italy. EstateGuru is a very well liked P2P lending platform. Because EstateGuru only offers real estate back investments they are always protected from defaulted loans. Lenders on EstateGuru seldom feel the backlash of defaulted loans. That process goes directly to EstateGuru's recovery team, where they sell off the mortgages and distribute principal back to their investors.
October
October is a safe P2P lender that believes in small to medium European businesses or SME's and accept Revolut card payments. Lenders on October can expect small returns on their platform but the money is always going to business owners. Borrowers always have a source of income and collateral and October has never lost any of it's investors' capital.
October is a marketplace that brings together lenders and business owners. They offer a very humble return on investment, but boast a very secure system with a team highly dedicated to a smooth experience and fund recovery, if necessary. October, in regards to risk management, also discloses one of the most intricate and detailed plans on how to determine a good borrower. October has done a great deal of good by uplifting the European economy by giving them access to credit that supports real business and development.
For a quick overview:
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
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
Mortgage Loans
Average Returns
8 - 13%
Minimum Investment
EUR 50
Signup Bonus
0.5%
Registered users
150,000
Total funds invested
EUR 700 Million
Default rate
6%
Regulating entity
Bank of Lithuania
Buyback guarantee
Secondary market
Payment methods
Bank Transfer, SEPA, Credit Card, TransferWise
Withdrawal methods
Bank Transfer, SEPA, Credit Card, TransferWise
EstateGuru is a highly recognized and successful P2P Lending company. What makes EstateGuru as P2P Lender so profitable and secure? Explore the breakdown with P2PIncome's thorough analysis of EstateGuru's strengths and weaknesses.
Market Type
Business Loans
Average Returns
3 - 7%
Minimum Investment
EUR 20
Signup Bonus
EUR 20
Registered users
43,000
Total funds invested
EUR 1 Billion
Default rate
3%
Regulating entity
Self-Regulated/EU Compliant
Buyback guarantee
Secondary market
Payment methods
Bank Card, Bank Transfer, TransferWise
Withdrawal methods
Bank Card, Bank Transfer, TransferWise
October specializes in small risk business loans specifically to SME's in Europe. October has a great track record of fund recoveries, a solid mission and a very strong foundation. October's business and risk strategy is worth the time to read.
The Need for Liquidity
Liquidity is when it comes to investing. The most crucial decisions are made when a major event occurs and earnings may be dependent on how fast capital can move from location to another. Peer-to-Peer lending can often suffer from liquidity issues but so can banks. Not all banks have payment systems that are integrated around the world. Banks in Europe have SEPA transfers and EFT payments. While in the US, there are three types, NEFTs, RTGs, IMPS's. These types are just different conditions, fees and locations by which money can be sent. But what if all of this didn't matter?
Revolut disregards this necessity for numerous forms of transactions and rejects the fees, time and bureaucracy that goes with it. Many are also uncomfortable with the prospect that banks work 5 days a week from 9 - 5 am, and so instead they opt for a 24/7 operating international bank: Revolut.
Alternatives
There are other alternatives to using Revolut, Transferwise and N26 being two great options. N26 is similar to Revolut, while Transferwise specializes in sending money, and only recently created a banking interface. Transferwise's infrastructure has yet to reach Revolut's quality.
Using your local bank can be an option, but only if you're in Europe. Even then, Revolut goes a step further and provides their users free transfers, conversions and payments.
A combination of both Revolut and Peer-to-Peer lending will provide anyone with all the financial tools one needs.
Verdict
The most attractive and innovative peer-to-peer lending platforms today are located in Europe and require Euro Bank accounts in order to borrow or lend. Revolut's financial instruments fix that dilemma in over 150 countries that it operates in. They are partnered up with Mastercard. For the purposes of liquidity there is no better bank. The Revolut application has in many ways helped bolster the P2P lending market by enabling the market to reach every corner of the globe at no additional costs.
Peerberry is the most secure Peer-to-Peer lending platform in Europe servicing investors from all ranges. If you're not sure where to start, PeerBerry would be a great entrance to P2P lending.