Envestio Review

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In this blog post I will dive into Envestio to review them. I really like this European peer-to-peer platform. Their website is very easy to use, the projects on their website are all from business loans instead of consumer loans and the interest rates are pretty interesting.

Who is Envestio?

Envestio has offices in Estonia and Latvia. They started in 2014 as a private investment fund and launched their first crowd investing project in December 2017. Just 1 year later, they are a crowd investing platform with almost 3500 investors, where everyone can invest in innovative projects.

The projects are divided into 4 categories:

  • Real-estate
  • Energy
  • Crypto-mining
  • Other (these project are usually industry-related)


Some of the projects on their site. These are already fully funded.

Most projects have a term of 1 year or less and need € 100,000 or more (some even € 500,000). The interest rates are mostly between 15% and 20%, although the highest one this month was at 17,5%. Hopefully we will see more projects close to 20% soon again. But as the amount of investors is rising, the interest rates will probably lower down a bit. We’ll see how that unfolds.

Projects are usually full in just a couple of hours at the moment, so it’s not a bad idea to have some money on the platform, ready to invest. When I’m at work, I often see the email about a new project too late and miss the chance to invest. It would be great if they would let the investors know beforehand about a new project that is coming on the platform.

Start investing

It is really easy to start with Envestio. You just have to create an account and active it. You don’t have to confirm your ID to start investing. That is only necessary if you want to withdraw funds. You can transfer money to their IBAN, the money showed up in my account only a few hours later.

The minimum funding deposit is € 100. The minimum amount of a single investment is only € 1.

If you sign up using my link, you will receive a first deposit bonus of € 5.00 (after transferring € 100 to your account). You will also get a 0,5% cashback bonus on your investments made in the first 270 days.

Dashboard

When you login, you will see an overview of your invested and available funds and it shows the investment repayment schedule:

At the statistics tab, you can choose between reports and charts. In reports, you can download reports for this month, last month, last year or whatever date you like. You will get a file with the interest income of the selected period, and some other information. Just check it out for yourself.

In charts you can see in what kind of projects you invested and it shows a graphic. Currently, I only invested in 2 sorts of projects. I haven’t seen crypto-mining or real estate projects since I’m on the platform. The chart on the right is displaying my total accrued interest, good to see that it’s going up :-) You can click on the text above the graphic to choose what to show.

Buyback guarantee

Envestio has a form of buyback guarantee, it is explained here.

Secondary market

Envestio doesn’t have a secondary market at the moment, but they do have plans for it. So we just have to be patient.

Projects

As I showed in my december 2018 portfolio, Envestio stated that there would be lots of new projects in 2019. And indeed, a lot of new projects have started this month. They do fill up pretty quickly nowadays, it’s only a matter of hours. Hopefully new projects keep coming as I like to invest more in Envestio.

Support

When I created my account, I didn’t receive the email to activate my account. They responded quickly and it was resolved the same day. So, if anything doesn’t work or you have questions, just email them.

Conclusion

I really like the projects on Envestio and of course the interest rates. Although high interest rates may come with higher risks. You have to decide for yourself if you want to invest here, always do you own research. I am definitely going to invest more in Envestio during the next months. I will let you know in a while how my investments are doing.

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