Crowdestor Quick Platform Review
Last Update (01.01.2020)
The Crowdestor projects are something to really feel like a speculative investor. As I shared with you on my last update, Crowdestor will not assume a relevant place for now on my portfolio for a very simple group of reasons:
- No buyback guarantee available (just a provisional buyback fund that is far from covering any project individually). Right now the value of the buyback fund is €143,301.94 (a ridiculous amount is you want more save investments);
- The cross-debt, ownership participation of the Crowdestor CEO in companies that receive funding from projects available on the platform.
I will need to research further, but just these two elements will mark any deposit I make in Crowdestor as my speculative investment on the Savings4Freedom portfolio. In any case, there is space for such type of offer on my portfolio and I place Crowdestor as my speculative P2P platform.
Above you can check the type of speculative projects available on Crowdestor. The platform received some criticism for not sharing full information regarding the Mafia Stars project. They presented for funding the same project last month and now investors are surprised to see a Tier 2 associated with it. For sure this will have an impact on the “success fee” that could trigger the additional interest return.
Another aspect to consider before investing in Crowdestor projects is that for this particular type of project you have very different repayment plans: from one year without payment with bullet payment by the end of the loan maturity to other modalities that actually increase your investment risk.
Crowdestor offers an impressive number of investments over time, with great interest rates. All repayment schedules are visible and you can plan your next investments having this information into consideration.
Crowdestor Account Update
Investment Start Date: July 2019
Total Deposits: 2.121,76€ (Dec 2019)
Asset Value: 2.154,70€ (Dec 2019)
Creating a Crowdestor investor account only took a few minutes. Registration is effortless and the platform is very easy to navigate. Since the number of investors is still growing there is no need to keep money drag. The projects are kept open for a significant period of time, but you receive interest since the moment you invest.
|Analysis Topic||Personal Take|
|Real Estate | Business|
|No. Buyback fund available.|
|Not available yet|
|Yes, you choose|
|3 months to 2 years|
|In case you employ my referral link to invest in Crowdestor you earn 0.5% on all investments over the first 180 days in cashback.|
I don’t believe to be far to compare Crowdestor with other P2P platforms that state full buyback guarantees, such as Wisefund, Envestio, or Monethera. But it is great to see interesting projects, with good descriptions. I would like to have additional financial details to truly assess and estimate the risk and make a more informed decision to invest.
My Crowdestor Account
Crowdestor Income Graph
Crowdestor Asset Value Graph
Do you want to Invest?
Check among the P2P crowdlending opportunities available on Savings4Freedom, always taking into consideration that all information is entirely based on my personal experience.