In this Envestio review I will cover as much as possible. I made my first investment on Envestio in May 2019 after almost 1 year of researching the platform and there projects. Now after I have been waiting to settle down in my new country I’m finally invested. I have already verified my account with Envestio so everything is setup and in order for the future. The project I’m invested in now gives me 16.75% interest so this is going to be exciting.
Envestio was my second step into the P2P & crowdinvesting world.
I’ve had my eyes on Envestio for some time now and I must say it feels like it’s a good marketplace in the jungle of P2P & crowdfunding sites out there. I have been investing in Mintos for some time now with success and when Envestio is having higher interests 12-30% and most of them with some kind of buyback it’s a done deal for me. I will update this Envestio review to keep up with changes they make and important news.
Envestio started out as a private investment fund back in 2014, since then they launched the platform in 2017 that is used today for crowdfunding projects with some of the higher interest rates for the investors compared to other platforms out there.
They have an office in Riga, Estonia that have been getting more and more attention in the world of crowdfunding & P2P platforms.
They research different projects from businesses that apply to be listed on the platform. One good thing here is that they keep away from private loans all together and go for a more ethical approach helping companies instead. This is something I really like about Envestio and hope they never change this view. Until now they have more then 5500 investors on the platform from many parts of the world.
Envestio profit so far ( Updated 9 Aug 2019)
Envestio is showing good signs for my investment there for now.
I have received just over 100 euros in profit after being invested since May 2019.
Interest rate for my portfolio is at 16.75%
Total account balance: € 2100,36 ( updated 09.08.2019 )
Projects I have invested in on Envestio
I’m currently invested in one project at Envestio after I verified my account and made my first transfer of 2000 Euros.
This project is Production of Sawn Timber – part 6 that was launched at Envestio 8 May 2019. It’s a project that is for 7 months and comes with 16.75% interest. One thing I like about this project is that they have already finished Part 1 and investors got there money with no deleys and have 4 other parts in progress that is going like planed on top of this new one.
Down below you can see print screen with an example of repayment schedule of the investment in this project. One good thing is that they have good descriptions on every project with plenty of information.
Who can invest on Envestio?
Everyone that’s over 18 years old and have bank account in EU is eligible to be an investor at Envestio. Companies can invest here also but like most of the platforms out there, this will require more paperwork then for private persons. They can accept people from outside to but then you will have to contact them.
High interest earnings.
Envestio give out high interests on the projects that they let us investors get involved in. The rates is between 12% and up to staggering 30% if we check back in time. Lately it has been around 15-23% depending on the project, averaging around 18.5%.
Is there many projects to invest in?
They usually list 3 to 10 projects every month on Envestio, these all Business related. You will not find the typical P2P loans to private persons here like consumer loans & car loans. This is a good choice if you don’t like private loans that many other platforms have.
Here you get to invest in sectors like Mining, Industry, Energy, Food and others. They even have Crypto mining projects which sounds like the least attractive alternative right now for me atleast.
The size of the funding the projects need can be from EUR 100 000 to 900 000, so there is room for plenty of investors to the projects listed. From an investors point of view, you can invest down to only 1 Euro per project.
The projects gets funded quick
Lately because they have been growing much, the projects can be funded within 1 hour after they release them. This means that you will have to be fast if you’re going to jump in to a new project.
They email all investors when new projects is listed so that’s a nice touch, but I would like to get some days notice before and hope they will add this in the future.
The track record is getting better and better for Envestio
They have over 25 completed projects and currently over 50 projects that’s funded and making investors interest every month. Having most of the loans at under 1 year periods is something I also like.
A good thing here is that not one project have been defaulted since they started. So it looks like they do good research on the businesses they end up listing projects for.
Like they call it Repurchase guarantee. It’s different than other platforms buyback feature. This will let you sell back the loan to Envestio at any given time before the loan is finished. They have a fee connected to this, it’s usually 5% of the invested capital. At Least 95% of the capital is safe if you need a fast exit for some reason.
This will the projects list information about so you can decide from there. This can be more or less, so always check it out. Like most investments don’t invest money you can’t afford to spare.
The other part of this Buyback feature is that they do something else if and when the loans Default.
If a project goes bad they will refund 80% of the principal to you. After that there is two options to pick from as an investor.
- You take back additional 10% they give you and move on to the next project. This giving you back 90% of the invested money.
- You let Envestio and the legal entities try and get all the money back from the failed project. This can take long time, but you might get everything back.
Envestio finally launched there auto invest option in July 2019. The whole community have been waiting for this to happen. Since every time they launch a new investment opportunity it fills up fast this can help for those waiting to invest to not miss out.
The minimum investment in the auto invest feature is at 100 euro and up to work. ( In my opinion this limit should be much lower, say around 10-20 Euros )
You can set your own criteria so you only invest in the loans or originators you want easy. You decide what loan types, the limit of the portfolio, also the amount in each loan. Set what percentage your looking for and also the length of the projects. So it’s rather straightforward to get it set up.
Envestio doesn’t have any secondary market available today. It’s stated that it will be added in the future but without any timeframe. We just need to wait and see when this happens
What are the risks on Envestio?
The main risks around Envestio I would say is two. The first being if they go bankrupt it can be problems even if they have like most P2P platforms legal entities that will help out and try and sort things out. The second would be if the projects defaults and causing you to lose a portion of the invested money when they have to buy the loan back for you at a fee.
The list could go on forever if we think al P2P and crowdfunding platforms. I will list some of them here for you to have a look at Crowdestate, Crowdestor, Grupeer, Mintos, Estateguru & Bulkestate is some of them.
Envestio customer support
Envestio support is doing an okay job in my opinion. I have been emailing them maybe around 10 times with different questions and they usually answer in 1-2 working days. They offer a live chat also but that one haven’t been online the times I have been in need to contact them. I have heard that they are going to expand their team in the future so it might help them to be even faster with responses now when they have gained much attraction.
Setting up your account
I would recommend registering through this link because it is an affiliate link where you will get an extra 5 Euros on the first deposit + 0.5% extra return on your investments made within first 270 days (9 months). In the long run it will add up to quit good extra money for free. This extra return will be paid out directly to your account.
I must say it’s easy to create an account at Envestio. Simply write in your email and personal info, and done! You have an account.
You will need to send in ID, proof of address & bank statement because you are dealing with EU financial laws. I think it’s a good thing and it makes it more secure.
All the documents are for security reasons, so if you only want to start an account and look around, you can wait until a later date. BUT, better to have this in order so you have less work the day you need to withdraw the money!
The minimum deposit is 100 EURO and there are no fees for deposits or withdrawals. If you use bank transfer, you will of course be liable for the bank fees. But that’s normal when you send money to other countries. The good thing is that you can invest as litle as 1 Euro per project if needed. So you will find it easy to reinvest the interest you get monthly even if its low numbers.
I would just point out that you should send EUROS to avoid any exchange fees.
It is also very important to note that if someone tries to hack your account and transfer money to themselves, the transaction would stop automatically as funds can only be transfered to the account holder’s name – so that’s a relief I think.
My goal for investing at Envestio
My aim is to achieve a solid return of over 15% on investment per year. At that rate I would be happy and everything over would be a huge plus for me.
Pros at Envestio
|High interest projects towards companies.|
|Easy and understandable site.|
|Shorter term projects available, from 4 months to under 1 year.|
|Good reviews on Trustpilot|
|Repurchase-guarantee on most of the projects. ( 1. If you want a quick exit you can sell the loan back to Envestio for a Fee. 2. If a project fails, Guaranteed 90% back within 2 days or you can let Envestio do their legal work with creditors in Estonia. In this case you should recover the full 100% if you have the time to wait. )|
Cons at Envestio
|Shorter history to go on, so you must do more investigation about the projects.|
|Not so many projects / loans compared to the bigger and older P2P sites like Mintos.|
I hope this Envestio review is helpful and if there is anything just write a comment and I will come back to you.