FinBee Analysis

Finbee @ Savings4Freedom

FinBee Account Update

Investment Start Date: February 2019

Total Deposits: 90,87€ (July 2019)

Asset Value: 95,73€ (July 2019)

FinBee Platform Analysis

Last Update (03.06.2019)

FinBee is quite an interesting P2P lending platform. I started my investments at FinBee in February 2019. I must confess that in the beginning, I spent some time to understand the platform and how to invest. 

FinBee investments are not secured or insured. The platform presents a historical interest rate of 18% that is among the best in European P2P lending platforms with the possibility to invest in personal loans and business loans. An interesting fact is that in order to eliminate fraud FinBee sign every loan contract with each borrower in person.

Another aspect to consider about FinBee is that if you wish to sell your loan, one loan repayment is required before a loan can be offered for sale on the secondary market. If the first loan repayment is delayed, it cannot be resold. It will have to be held to maturity or wait for the borrower to catch up on his/her payments.

Creating a FinBee investor account is not so complex, but they still can improve a lot the user experience to invest. The investment options available are diversified and offer high returns. But in my opinion, FinBee is a great P2P lending platform for experienced investors. Since this platform doesn’t offer a buyback guarantee, it is not the best option for new investors to start with. 

Analysis TopicPersonal Take
13 - Type of Loans

Type of Loans Available

Consumer | Business
1 - Interest Rate

Average Interest Rate 

~22%
2 - Buyback

Buyback / Secured Loans

No
3 - Liquidity

Early Exit / Secondary Market

Yes, but restrictive
4 - AutoInvest

Auto Invest Feature

Yes
12 - Control Over

Control over Loans Invested

Yes
5 - Money Drag

Money Drag

Medium (auto-invest)
11 - Hiden Fees

Hiden Fees

No
6 - Time

Loan Duration

1 year to multiple years
7 - Reporting

Reporting Tool

Medium Quality
8 - User Experience

User Experience

Medium Low Quality
9 - Rewards

Sign-up Bonus

You can sign up and invest in Finbee through my referral link
10 - Evaluation

Overall Evaluation

5/10


My FinBee Account

FinBee Account @ Savings4Freedom

FinBee Income Graph

FinBee Income @ Savings4Freedom

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.

Investe @ Savings4Freedom

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