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Swiss platform for SME project lending under SRO supervision (AML-level, no compensation scheme). Yields of 14.5-14.9% with a clean record: the single defaulted project to date was covered in full. Our current Editor's Pick.
19 platforms. Six weighted dimensions - regulation, defaults, structure, track record, fees, liquidity. Anchored to filings and regulator records, rescored every month. So you know exactly where your capital goes before you send it anywhere.
Swiss SME-lending platform under SRO supervision, paying 14.5-14.9% with a clean default record - the one project that defaulted was covered in full. Supervision is AML-level, not an investor-compensation scheme; our review explains exactly what that means for your money.
Tier 1-2 platforms are candidates for a core allocation. Tier 3-4 are tracked for completeness - and as a warning.
Regulated or with a verified track record. The platforms most investors can reasonably build a core P2P allocation around.
Swiss platform for SME project lending under SRO supervision (AML-level, no compensation scheme). Yields of 14.5-14.9% with a clean record: the single defaulted project to date was covered in full. Our current Editor's Pick.
The only ECSP-licensed buy-to-let crowdfunding platform in the EU. Rental-backed projects, around 11-12% total returns and no capital losses reported in five years. Higher entry at €500.
The largest European retail loan marketplace, with a full MiFID II investment-firm licence and up to €20,000 investor compensation on eligible claims. Yields are lower than high-yield rivals - that is the price of the licence.
⚠ Investor compensation does not cover borrower default
Solid platforms with one meaningful trade-off each - concentration, pending licences, or shorter records.
ECSP-licensed Baltic SME lender and the first EU crowdfunding platform backed by an InvestEU guarantee through the EIF. Audited, conservative, around 10-11% - a diversifier rather than a yield-maximiser.
MiFID II-licensed note platform with roughly 14.9% realised yield in 2025 and €20,000 investor compensation on eligible claims. The trade-off: loans flow from its own group, so related-party concentration is structural.
Consumer-loan marketplace known for repaying €51M of war-affected Ukrainian loans in full and launching a secondary market in 2026. Main watch item: heavy reliance on a single loan-originator group.
A niche MiFID II platform for discounted distressed Spanish mortgages, with securities held at Nasdaq CSD. Completed deals have returned over 20%, but the model is young and payouts are lumpy by design.
Fully automated consumer-loan platform with a long, consistent buyback record on 30-90 day loans at 10-13%. All loans come from its own group - a single point of failure investors must accept.
Lithuanian ECSP-licensed real-estate platform, ISO 27001 certified and profitable. Ownership overlaps heavily with PeerBerry's, so treat the two as one risk cluster, not two diversified holdings.
Structural questions, weak disclosure or negative equity. Small, satellite positions only - if at all.
ECSP-licensed Lithuanian real-estate platform with €270M+ funded and no reported capital losses. Published negative equity in its FY24 accounts keeps it out of the higher tiers for now.
Holds a Central Bank of Ireland ECSP licence and pays some of the highest consumer-loan rates in the market. Nearly all volume comes from one originator group, so the buyback is only as strong as that group's solvency.
ECSP-licensed agri-lender (formerly HeavyFinance) with EIF backing and an EU climate angle. Historically, realised yields have landed several points below advertised rates - price that in before allocating.
One of the oldest names in Baltic P2P, MiFID II-licensed since 2021 with over €1B cumulatively funded. Legacy Russia exposure and weak recent investor reviews hold the score down.
High-yield platform with concentrated ownership and no financial licence. Public statements about profitability have not always matched the published accounts - we track it, we do not currently recommend it.
Regulator alerts, frozen withdrawals or unresolved investigations. We do not recommend new deposits until resolved.
An innovative claims-assignment model funding e-commerce brands in Estonia and the UK - but unregulated and not yet stress-tested through a downturn. Interesting to watch, hard to size.
Once the flagship of European property P2P, now working through a very large recovery portfolio - roughly 60% of outstanding loans. ECSP-licensed, but this is a workout story, not a growth story.
⚠ Majority of portfolio in recovery as of 2026
MiFID II-licensed note platform whose portfolio concentration with related business networks and frequent management changes were the subject of a widely read independent investigation in 2026. Until disclosure improves, we stay away.
Subject of warnings from multiple national regulators, with investor withdrawals suspended since early 2024 and a skeleton operating team. Effectively in wind-down; we do not recommend new deposits.
⚠ Withdrawals suspended since February 2024
Unregulated platform whose ownership and originator network have drawn serious questions from independent P2P researchers, with a full conflict of interest between platform and lenders. Highest risk rating in the index.
A featured partner outside the scored index: collateral-backed business loans with advertised rates up to 25% APR. Sponsored placement - read the full review to see how it compares before investing.
19 platforms scored this cycle. Every entry links to a full review with score breakdown, default history and sources. Read the methodology →
You lend small amounts to many borrowers through an online platform in exchange for monthly interest. Typical European yields in 2026 run from 6% to 15% - and so does the spread in regulation and protection behind them.
Most platforms pay interest every month. Compounded over a year, P2P returns typically outpace European savings accounts by 4-10 percentage points - that spread is your payment for taking real credit risk.
From full MiFID II investment-firm licences with €20,000 compensation, to ECSP crowdfunding permits, to AML-only supervision, to nothing at all. The label "P2P" alone tells you almost nothing - the licence tells you most of it.
Borrower default, platform insolvency, regulatory change, illiquidity and concentration. A platform worth your money addresses all five - not just the first one in the marketing.
Experienced European investors typically split capital across 4-5 platforms and cap P2P at 20-30% of net worth. One platform is a bet; five platforms across two regulatory regimes is a portfolio.
How peer-to-peer lending works, what returns are realistic, the five risks that matter and how EU regulation actually protects you - or doesn't.
Read →The honest risk picture: what regulators cover, what they don't, which platforms failed and the checklist to run before your first deposit.
Read →Five platforms that combine low minimums, sane risk and clean track records - with a concrete starter allocation for your first €1,000.
Read →Ranked by effort, capital and honesty - from lending and dividends to the ideas that only ever earn money for the person selling the course.
Read →Seven asset classes ranked by realistic net return, with portfolio templates for €10K, €50K and €100K - and where P2P honestly fits.
Read →Platforms advertise 12-15%. Realised returns after defaults and idle cash tell a different story - here is the data, platform by platform.
Read →Every P2PScore rating is a weighted average of six independent scores, each anchored to public filings, audited statements and regulator registers - never to platform marketing.
MiFID II, ECSP, SRO or nothing - and what each licence actually guarantees an investor when things go wrong.
Default rate, recovery yield and time-to-recovery, verified against filings and portfolio data - not platform claims.
Skin in the game, related-party concentration and conflicts of interest between platform, originators and owners.
Audited financials, years in operation, regulatory findings and the stability of the management team.
The realised yield an investor keeps after defaults, fees and idle cash - not the number in the banner ad.
Secondary-market depth, realistic exit timing, interface quality and how support behaves under pressure.
Platform calculators show gross compound interest and stop. Ours subtracts what the ads leave out - defaults, idle cash, three scenarios - and puts the result next to a stock ETF and a bank deposit.
Open the return calculator