I want to emphasize that Wisefund review is based only on my experience with them. Wisefund is one of the European P2P lending platforms where we can invest in business loans for European SMEs in several sectors of the economy. The platform brings business loans to a more accessible level while providing opportunities for individuals, allowing their funds to bring annual, stable and above-average returns. Wisefund is the part where companies borrow funds from several lenders over the Internet for certain purposes. Either the development of the project with a clear cash flow base or for the purpose of increasing operational capital and faster business growth.
Wisefund is one of the European P2P lending platforms where we can invest in business loans for European SMEs in several sectors of the economy. The platform brings business loans to a more accessible level while providing opportunities for individuals, allowing their funds to bring annual, stable and above-average returns. Wisefund is the part where companies borrow funds from several lenders over the Internet for certain purposes. Either the development of the project with a clear cash flow base or for the purpose of increasing operational capital and faster business growth.
Although the platform was set up in March 2019, it has attracted a large number of investors in a relatively short time. When I discovered the platform in September, there were almost 600 investors, and now they have over 1600.
Why I chose to invest thru Wisefund
Like the other investors, I am very attracted by the very good interest rate .. I The loans are for a period of 6-14 months. The annual average interest rate is 18.54%. Also, all the loans come with a buy-back guarantee
What does the Buyback Guarantee mean for Wisefund investors?
If the lending company delays with payments more than 60 days, Wisefund has entered into an agreement with a third-party investor, which guarantees to buy any loan that exceeds the term and then to take action to recover the debt. As a result, the investor bears no responsibility for unpaid loans that are covered by the repurchase guarantee.
In case an investor needs the money and wants to sell some or all of the investments, for an exit fee, the same investor buys the loan at the time the request is made. You keep all the interest income obtained to date, but you do not receive other interest payments if the loan is sold. The principal is deducted with a sum specified for each project. To check this, go to the investment page.
- Currency: EUR
- Fees: early exit fee when selling loans to Wisefund
- Minimum deposit: 10 EUR
- The minimum investment in a project: 10 Euro
- Types of loans: Business loans
- Loan terms: depending on the project
- Interest rates: 16% – 21%
- Secondary market: NO
- Auto invest: NO
- Buy-back guarantee: YES
- Sign up Bonus: YES – 0.5% cashback on all investments made during the first 270 days, if you register through this link.
How and who can become an investor
In order to account for Wisefund you must meet the following conditions:
- be over 18;
- a valid passport or identity card;
- a bank account of the European Union;
- a resident of a country from the European Union (EU) and the European Economic Area (EEA)
After registration, you will need to provide a copy of the ID, to verify the profile. The process is fast and lasts only a few minutes.
For deposits, I recommend Revolut because they have no transfer fees. The money usually arrives in 1-2 business days. If you do not have
What are the risks associated with investments on Wisefund
All investments on Wisefund come with a risk that we need to be aware same as any P2P investment. Some companies may not be able to repay the loan in full. To avoid this, they promises that all borrowers undergo a complete credit assessment process before they are approved and registered as loan opportunities on the website. Being a new platform, there is no history to prove that the selection of lending companies has positive results.
Another risk that we need to be aware of as investors are that the company that guarantees the loans may not cover the respective amounts. This can happen if several projects become unable to pay at the same time. I hope we don’t need to check this.
To minimize the risks, I do not invest a large amount in a single project. I divide the money into several projects. Investing a smaller amount reduces the exposure level. An essential factor in P2P loans is the diversification of investments on several platforms.
What happens if a loan is not full founded on time
If an open loan does not reach its target, Wisefund credits the creditor’s account with the principal invested and no interest is paid. Interest is paid only for fully funded loan opportunities. So far all the projects offered have been funded on time.
My experience on the Wisefund platform
From September to the time of writing I have invested in 7 projects, all with an interest rate of 14% – 20%. So far all payments have made on time.
The platform is simple and all information is presented clearly and in detail. The dashboard displays all the important information to understand the investment performance.
The projects listed on the platform offer important information about the company, history, payment terms. At the time of writing, a project with a 20% interest is available. Due to the very good interest rates, the payment conditions and the increasing number of investors, the projects started to be financed in a relatively short time.
My opinion about the Wisefund platform
Although it is a new platform, I think Wisefund will compete with platforms such as ENVESTIO, CROWDESTOR or KUETZAL. So far Wisefund has left me a good opinion. I have already invested in several projects. As a result, some of my economies will definitely be sent here if it continues to deliver high-yield projects.
If you want to test the platform, you can sign up through this link and you will receive 0.5% cashback for all investments in the first 270 days.
Maybe you would be interested check more reviews
You want to see my monthly report?
I am not a personal financial advisor, nor do I pretend to be. I try to offer my perspective and experience in good faith only as an opinion, not as financial advice. Consult a professional financial consultant before making any investment decision. I’m simply monitoring my journey to financial independence. I am not associated with any of the investment platforms.
The blog contains links to certain investment platforms. If you click on the links and decide to invest in any of their products or services, I could earn a commission. Sometimes you’ll get a bonus for using my links. I think it is a good situation for everyone.