Happy New Year! I started this blog a year ago and mostly focused on what I was calling “WTF platforms“, but with a new year I will use a new term: “questionable platforms”. So which 15 platforms have got my attention?
Questionable P2P platforms
About 1/3 of these already have shut down, but the rest are still more or less active. If you consider to invest in them, I highly recommend to do some serious research beforehand.
Need more info?
I’ve written about these questionable platforms in 2020, so if you are interested in any of them, check the list below:
Kuetzal
Jan 29, 2020: Kuetzal database exposed: 4722 investor data at risk
Mar 29, 2020: Want to lose money fast? Just follow these blogs
Envestio
Jan 14, 2020: Envestio – what is behind high-yielding projects?
Mar 29, 2020: Want to lose money fast? Just follow these blogs
Apr 5, 2020: How much did Jørgen Wolf earn by promoting shady P2P platforms?
Monethera
Feb 3, 2020: Kuetzal and Envestio have shut down, now what?
Mar 27, 2020: COVID-19 first P2P victims - Monethera & Grupeer
Mar 29, 2020: Want to lose money fast? Just follow these blogs
WiseFund
Feb 3, 2020: Kuetzal and Envestio have shut down, now what?
Jun 15, 2020: P2P platform summary for 2020
Agrikaab
Apr 3, 2020: Investing in Somalia? What can go wrong?
Grupeer
Mar 9, 2020: Will Grupeer blow up or fix their issues?
Mar 27, 2020: COVID-19 first P2P victims - Monethera & Grupeer
Mar 29, 2020: Want to lose money fast? Just follow these blogs
TFG Crowd
Feb 6, 2020: TFG Crowd - too good to be true?
Feb 28, 2020: Did TFG Crowd fund a failed restaurant?
Jun 15, 2020: P2P platform summary for 2020
Dec 22, 2020: TFG Crowd investment plans - secured by 1 GBP?
Fast Invest
Jan 24, 2020: FastInvest.com - legitimate P2P platform or another scam?
Feb 3, 2020: Kuetzal and Envestio have shut down, now what?
Jun 15, 2020: P2P platform summary for 2020
Jul 16, 2020: FastInvest investors preparing for legal action
Jul 26, 2020: Is FastInvest using lawyers to silence bloggers?
Quanloop
Apr 15, 2020: P2P platform ratings - April 2020
Oct 14, 2020: IBAN Wallet - another P2P ponzi?
IBAN Wallet
Oct 14, 2020: IBAN Wallet - another P2P ponzi?
Oct 16, 2020: IBAN Wallet - hiding in Estonia?
Oct 24, 2020: Who owns IBAN Wallet?
Nov 13, 2020: P2P or WTF platforms? How it's going?
Dec 20, 2020: IBAN Wallet review - 100% scam! Stay away!
Dec 23, 2020: Neowintech review - same scam, different name?
JuicyFields
Nov 25, 2020: Featured in Forbes? How much does it cost?
Dena Invest
Nov 25, 2020: Featured in Forbes? How much does it cost?
Crowdlendio
Dec 11, 2020: Will Crowdestor take over Crowdlendio?
Bondora
Aug 18, 2020: Is Bondora the future of P2P?
Jun 15, 2020: P2P platform summary for 2020
Viventor
Dec 29, 2020: Viventor review - will it survive 2021?
Key Takeways
Some platforms have shut down, but still many shady P2P platforms are active.
66% of questionable platforms are promoted by Target Circle. No surprise there.
P2P in general is high risk, low reward. Do your research before investing.
P.S. Join “High-risk investments“ Telegram group for an informal discussion.
You forgot to include Lenndy, which misled investors by showing better than reality performance. Giantus, Lenndy and First finance - same owner, but they are likely to have shifted all performing asset to Giantus and leaving all the shitty ones with First Finance.
Central Bank of Lithuania notified law enforcement in Lithuania and Latvia regarding Lenndy potential conflict of interest, information disclosure and potential misconduct between same owner's group companies:
https://www.vz.lt/rinkos/2021/01/21/investuojantiems-i-paskolas-per-lenndy-riziku-materializacija-lb-kreipesi-i-prokurorus