Crowdestor

Edited on 30/10/2021 / Total invested: 18.323€

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PROS

  • High returns, up to 36%
  • Easy to use
  • Attractive secondary market (for experts)

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 originEstonia / Latvia
Year founded2018
GuaranteesLender’s buyback and emergency fund of €360,000, but not applied
AutoinvestYES
Secondary marketYES, they charge 2% to the seller
min-max investmentFrom €50. No upper limit
Return estimated9,5-36% p.a.
Investment periods3-24 months
Support rating1 / 10
Official supervisionNO

CROWDESTOR latest news

29/10/2021Repayment of 4 projects of “Elvi Grocery Stores” amounting to €500K
20/08/2021Payment of Dizozols group projects totaling €3.46 million
06/08/2021They expand their Auto Invest also to the secondary market
22/07/2021Presentation of Crowdestor Flex. I do not recommend this type of investment
30/04/2021Publication figures April: 7 new projects, €835,000 funded and 530 new investors registered
12/03/2021Crowdestor Club is born for those who invest more than €75,000 with some exclusive advantages
23/12/2020New annual tax report format