Tribe Funding review 2023
Is Tribe Funding a great crowdfunding marketplace? Find out in our Tribe Funding review below:
Tribe Funding
Pros:
Cons:
Review summary:
Tribe Funding is an excellent choice for investors looking to gain access to a large number of projects in one simple marketplace. You can get a return of up to 14% on the crowdfunding marketplace. Tribe Funding is a new marketplace with a short track record. It misses features like auto-invest and a secondary market for an early exit. Other than that, Tribe Funding seems like a great crowdfunding marketplace.
It’s free to use the platform.
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Introduction to our Tribe Funding review
Are you considering investing via TribeFunding? Then read on. We’ve written this tribefunding.eu review to help investors determine if Tribe Funding is the right choice for them.
Below you will find an overview of the things that we will discuss more in detail in this Tribe Funding review. Simply click on the links to jump directly to the thing you want to know more about.
Learn about this in our Tribe Funding review:
- What is Tribe Funding?
- Key features
- Who can use Tribe Funding?
- How safe is Tribe Funding?
- Our experience with Tribe Funding
- Tribe Funding reviews on Trustpilot
- Best Tribe Funding alternatives
- Conclusion of our Tribe Funding review
What is Tribe Funding?
Tribe Funding is a crowdfunding marketplace. On the marketplace, you get access to investment deals from over 10 crowdfunding platforms in one place.
The deals are sourced from platforms like LANDE, Max Crowdfund, and Heavy Finance. Investments on the platform look like this:
The company behind the platform, TRIBE FUNDING OÜ, is based in Tallinn, Estonia. TRIBE FUNDING OÜ was founded in April 2020. The marketplace launched in October 2021.
Since then, Tribe Funding has continued to grow and more investors have joined the platform. On the marketplace, users can invest in loans with interest as high as 14%.
With as little as €100, you can start investing at https://tribefunding.eu/.
Tribe Funding statistics:
| Founded: | 2020 |
| Loan Type: | Multiple |
| Loan Period: | 1 – 60 Months |
| Loans Funded: | € 60.000.000 + |
| Tribe Users: | 100 + |
| Minimum Investment: | € 100 |
| Maximum Investment: | Unlimited |
| Tribe Interest Rate: | 9.20% |
| Loss of Investors’ Money: | 0% |
How Tribe Funding works:
Tribe Funding does for crowdfunding what Amazon did for retailers and Booking.com did for hotels.
They basically collect deals from some of the best crowdfunding platforms into one marketplace.
This makes it easier for investors to find the best deals by just going to one marketplace instead of multiple different platforms.
How Tribe Funding works is illustrated below:
Frequently asked questions:
Key features
We have already taken a look at some of the reasons why Tribe Funding has become a popular choice among both project originators and investors.
In the following part of our Tribe Funding review, we take a closer look at some of the key features that make it nice to invest via the marketplace:
1. Tribe Funding bonus
Tribe Funding offers a +0.5% bonus for 90 days after signing up using an affiliate link. The cashback bonus is only for new investors.
To get the Tribe Funding bonus, all you have to do is click the green button below (no referral or promo code needed):
Who can use Tribe Funding?
Both individuals and companies can invest via Tribe Funding.
Individuals
If you want to invest as an individual, you must at least meet the following requirements:
- Being at least 18 years old
- Living in the European Economic Area (EEA)
- Having a bank account in the EEA
If you live up to these requirements, then you can probably start investing via the platform.
Companies
If you have a company, you can also use it to invest via Tribe Funding. When registering an account you simply have to select that you are signing up as a “Company”. Then you just have to follow the instructions on the screen to complete the registration.
Available countries
It is only possible to invest via Tribe Funding if you live in the European Economic Area.
If you are looking for a crowdfunding platform that is available outside of Europe, you should check out Lendermarket, EstateGuru, Mintos, or Bondster.
How safe is Tribe Funding?
To determine if Tribe Funding is safe, we have taken a look at some of the potential upsides and downsides of investing via the crowdfunding marketplace in the following part of our Tribe Funding review.
1. Tribe Funding profitability
Tribe Funding is still a very young company without much financial history.
We haven’t been able to find any publicly available financial reports to verify if Tribe Funding is profitable.
With that said, we hope to see publicly available annual reports on the marketplace as the company matures.
2. Main risks
In the following, we go through some of the main risks of using Tribe Funding that we have considered:
Tribe Funding bankruptcy risk
There is always the risk of TRIBE FUNDING OÜ going bankrupt.
Tribe Funding protects you against this risk by keeping your money separated from the company’s own funds. This means that if Tribe Funding goes bankrupt, you will still have access to your funds.
In regard to your investments, an administrator will be appointed to handle all investments on the marketplace.
Financial turndown risk
As crowdfunding is a newer thing in the investment world, it can be difficult to predict how a financial turndown would affect this type of investment. As a starting point, it is, therefore, a really bad idea to invest your entire investment portfolio in crowdfunding.
Therefore, many investors also choose to diversify into more traditional forms of investment such as equities, bonds, and traditional real estate.
Since investing is an individual thing, we obviously do not know what will be best for you. But if you put together your investment portfolio, make sure that it reflects your knowledge of the investments in it, as well as your own risk appetite. If in doubt about how to do so, make sure to seek help from a professional investment planner.
Is Tribe Funding safe?
How you use Tribe Funding is very important for how safe it will be to use the marketplace.
For example, it is a good idea to invest in many projects from different deal partners to get proper diversification.
Since the project originates from other crowdfunding platforms, we encourage you to also learn how the individual platform handles safety.
Our experience with Tribe Funding
Tribe Funding is an easy-to-use marketplace for crowdfunding.
The idea behind Tribe Funding is excellent and is also seen for real estate with EvoEstate.
Most of the deal partners on Tribe Funding seem solid and are also highly rated on Trustpilot.
The only things we are missing are an auto-investment feature and a secondary market.
Tribe Funding reviews on Trustpilot
Trustpilot is a great place to learn what other investors think about Tribe Funding. We have collected some relevant Tribe Funding reviews from Trustpilot for you to take a closer look at:
Best Tribe Funding alternatives
Not sure Tribe Funding is the right choice for you? Then there are also some good Tribe Funding alternatives to consider. The following are some of our favorites:
- PeerBerry (consumer lending platform)
- ReInvest24 (real estate crowdfunding platform)
- AxiaFunder (litigation crowdfunding platform)
- Debitum (P2B lending platform)
Even if you use Tribe Funding, it might actually be a good idea to take a closer look at some of the above platforms. By using more than one of the best P2P lending platforms in Europe, you can reduce your platform risk and get a more diversified investment portfolio.
Conclusion of our Tribe Funding review
Tribe Funding is an excellent choice for investors seeking to get access to a large number of crowdfunding projects in one simple marketplace.
The return on Tribe Funding is high, with an interest rate of up to 14%. This will, of course, depend on the projects you choose to invest in.
The main advantage of the Tribe Funding marketplace is that it is easy to access projects from many different project dealers.
Tribe Funding is missing features like auto-invest and a secondary market for exiting investments early. This might be a deal breaker for some investors.
Overall, Tribe Funding seems like a great marketplace for crowdfunding.
