Edited on 30/06/2022 // Total invested: 15.933€
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PROS
- High returns, up to 36%
- Easy to use
- Attractive secondary market (for experts in no hurry to cash in)
CONS
- High risk of delay, not of non-payment (for now)
- Poor communication and lack of updates
- They “revolve” loans, i.e. they pay for delayed projects with new ones
- They have had to denounce some projects for non-payment and have not applied their emergency fund of 360,000€
- Lousy support team
MY EXPERIENCE
- We must get off this platform as soon as possible. Late payments are the norm and I don’t see any projects being closed.
- On the contrary, they seem to be accumulating a backlog of projects at a faster pace.
- Worst of all, they don’t update projects, communication is minimal and their CEO doesn’t seem to be able to save the situation
CROWDESTOR general features
| Country of origin | Estonia / Latvia |
| Year founded | 2018 |
| Guarantees | Lender’s buyback and emergency fund of €360,000, but not applied |
| Autoinvest | YES |
| Secondary market | YES, they charge 2% to the seller |
| min-max investment | From €50. No upper limit |
| Return estimated | 9,5-36% p.a. |
| Investment periods | 3-24 months |
| Support rating | 1 / 10 |
| Official supervision | NO |
CROWDESTOR latest news
| 19/05/2022 | They are introducing a new investment product, which I do not recommend |
| 20/04/2022 | Crowdestor announces that the E. Fon Trompowsky Quarter project will be delayed by 6 months |
| 28/01/2022 | Latest statistics, not so good: https://crowdestor.com/es/statistics |
| 14/01/2022 | Return project MORTGAGE BACKED FINANCING COMPANY |
| 29/10/2021 | Repayment of 4 projects of “Elvi Grocery Stores” amounting to €500K |
| 20/08/2021 | Payment of Dizozols group projects totaling €3.46 million |
| 06/08/2021 | They expand their Auto Invest also to the secondary market |
| 22/07/2021 | Presentation of Crowdestor Flex. I do not recommend this type of investment |
| 30/04/2021 | Publication figures April: 7 new projects, €835,000 funded and 530 new investors registered |
| 12/03/2021 | Crowdestor Club is born for those who invest more than €75,000 with some exclusive advantages |
| 23/12/2020 | New annual tax report format |