Top 5 Peer-to-Peer (P2P) Lending Platforms in Finland 2023
If you’re a Finnish investor interested in P2P lending, you’ll be glad to know that there are several reliable platforms to consider. Here are some of the top options for investing in peer-to-peer lending in Finland at the moment:
Best local platforms for peer-to-peer lending in Finland
In Finland, there are several P2P lending platforms that cater to various financial needs such as small business financing, personal debt, real estate, and others. Let’s take a look at some of the most notable P2P lending platforms in Finland:
History of peer-to-peer lending in Finland
Peer-to-peer lending, also known as P2P lending or crowdlending, is a financial practice that allows individuals to lend and borrow money directly from each other without the need for intermediaries like banks or financial institutions. The concept gained popularity in Finland in the early 2010s, following the global trend of P2P lending platforms that emerged in countries like the United States and the United Kingdom.
In Finland, the first P2P lending platform, Fixura, was founded in 2009. Fixura initially focused on providing consumer loans to individuals. Over the years, other platforms entered the market, such as Vauraus, which expanded the P2P lending options to include business loans. These platforms provided an alternative to traditional bank loans, allowing borrowers to access funds quickly and efficiently while offering attractive returns for lenders.
Comparison with other countries
Despite its growth and development, the Finnish P2P lending market is still relatively small compared to countries like the United States and the United Kingdom, which have well-established P2P lending sectors. However, the Finnish market has shown resilience in the face of economic challenges, and P2P lending is expected to continue growing in popularity as an alternative financing and investment option.
Best foreign platforms for P2P lending in Finland
To find the best platform for P2P lending in Finland, investors should consider the fees and potential returns. There are several popular platforms in Finland, including:
- Lendermarket: This user-friendly platform offers a range of P2P lending options with low fees and high-return loans.
- Esketit: This platform specializes in short-term loans with high potential returns.
- Reinvest24: Investors can access crowdfunding opportunities in real estate projects in different parts of Europe.
- AxiaFunder: This platform focuses on litigation crowdfunding, providing a unique investment opportunity for Finnish investors.
- PeerBerry: This platform offers P2P lending options for personal, business, and real estate loans with a buyback guarantee.
Investors should carefully research each platform to determine which one aligns best with their investment goals. These platforms provide access to low-cost loans and the potential for higher returns.