P2P lending services open to non-resident international investors

If you live in the UK, there is an abundance of p2p lending services available that you can invest in. However, for most other countries, even developed European markets, there are few or even no p2p lending services. Very often I receive emails from readers asking which platforms are open to international investors, so I decided to create this information page.

Why invest in p2p lending abroad?

Besides the obvious reason (being that there is no p2p lending market in the country where the investor resides), there are several other reasons even if there is a local service:

  • Diversification
  • More features (e.g. a secondary market or secured loans or more better data)
  • Best risk-reward ratio (perceived)

What is meant by “open to non-resident international investors”?

Some platforms say, yes, we are open to international investors, but they really only refer to large institutional investors. Or they mean expats, because they need a local bank account and a local passport. On this page, “open” means that the platform allows foreign nationals, who reside in a foreign country and have a bank account outside the local market, to invest as a retail investor in p2p loans on the platform .

Know Your Customer, Anti-Money Laundering

Legal reasons require platforms to verify the identity of investors. For local investors, this is often automated. For international investors, platforms usually require the investor to upload scans of documents (e.g. driver’s license).

Exchange risk and money transfer

Cross-border lending often means that the investor has to bear an additional risk: exchange rates fluctuate. But the first problem can arise when transferring money. Fortunately, in the Eurozone, SEPA payments are fast and efficient and very inexpensive (even free). If a currency exchange is needed, services like Transferwise* or Currencyfair* may be cheaper options than a bank transfer.


Obviously, investors will need to check whether the laws of their home country allow them to invest in P2P loans and what the tax implications will be.

The list

I have personally invested in the following platforms as an international investor, which means I can say from my own experience that the platforms are not only open to international investors, but the process also works well.

Bondora*, Estonia, has been open to international investors since the end of 2012. Bondora offers p2p loans to consumers (borrowers) in 4 European countries. It is open to international individual investors residing in the European Union, Switzerland and on a case-by-case basis in other countries. It is also open to accredited investors from the United States. The currency is the euro. Read my blog cover on Bondora.

Mintos*, Latvia, opened to investors in January 2015. Loans offered by several loan originators in Latvia, Estonia, Lithuania and Georgia. Some loans are secured by assets and/or a buyback guarantee. Mintos is open to investors from the European Union and many other countries (see list when registering). Currencies are Euro, CZK, SEK, GBP, PLN, DKK, RON and GEL. Read my blog cover on Mintos.

Twino logo 2018TWINO*, Latvia, launched in June 2015. TWINO is open to investors from the European Union, Switzerland and Norway. TWINO offers the possibility of investing in consumer loans with a buyback guarantee, thus reducing the risks for investors. The currency is selectable – Euro or GBP. Read my blog cover on TWINO.

PeerBerryPeerBerry*, Latvia, launched in 2017. PeerBerry is open to investors from the European Union and several other countries (see list during registration). PeerBerry offers short-term consumer loans in multiple countries backed by a buy-back guarantee. The currency is the EUR**.

Kuflink logoKuflink*, UK, launched in 2017. Kuflink is open to international investors. Kuflink offers projects secured by UK assets, lending to professional borrowers. The currency is GBP**. Read my blog posts on Kuflink.

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Information for p2p lending services
Inclusion in the above list for services open to international retail investors is only EUR 80 per month (plus VAT where applicable; payable in advance for one year). P2P-Banking has a global readership and is a leading resource for p2p lending information. In addition to gaining investors directly, p2p lending marketplaces will benefit if the information and tables compiled on this site are often quoted or the content copied by the media and other Internet sites, which will lead to a even greater awareness for the service. For inclusion please email me. (my Linkedin profile)

**I plan to invest in this market in the future

Other questions

Which peer to peer loan is the best?

Check out the list of good p2p lending marketplaces here.

Which platforms offer p2p lending in Europe?

Find a list of p2p lending platforms in Europe here.

Can you make money with p2p lending?

P2P lending can offer high returns on investment, but it is a high risk investment. Investors need to diversify across platforms and lots of loans.

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