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

Compared to other Nordic countries like Denmark, Norway, and Sweden, Finland is a quite developed P2P lending market.

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.

FAQ about P2P lending for Finnish investors:

In Finland, utilizing foreign P2P lending platforms comes with several benefits, one of which is having access to a larger pool of potential borrowers and a wider range of investment opportunities. Compared to local lenders, foreign platforms may offer more competitive rates and terms. Furthermore, European P2P lending platforms can provide access to a diverse and international investor base, thereby increasing investment liquidity and minimizing risks associated with certain investments.

Using a local platform for P2P lending in Finland has several benefits. Firstly, it provides easy access to Finnish borrowers and lenders, which is ideal if you want to support your local community. Secondly, local platforms offer more customized services to borrowers who are familiar with the local market, taxes, and regulations. This ensures that borrowers receive personalized services that cater to their specific needs. Lastly, using a local platform reduces the potential costs associated with transferring funds from foreign lenders due to exchange rate conversions. However, the cost reduction will depend on the currency being used for investment.