Ekassa is a peer-to-peer lending platform based in Estonia. It mainly deals with consumer loans and investors can invest a minimum of €10. To invest in the platform, you must be a resident of one of the EU countries. Investors can earn annual returns of up to 13% per year. Ekassa has investment features like a buyback guarantee, pre-term returns, and an auto-invest feature.
Ekassa Review: Quick Facts
- Ekassa is a peer-to-peer lending platform for consumer loans based in Estonia. It only accepts investors from EU countries only.
- You can invest as low as €10 and start earning an annual interest rate of up to 13% per year.
- Ekassa has investment features like an auto-invest function, a buyback guarantee, and a secondary market where investors can sell their investments.
Contents
- 1 Who Can Invest in Ekassa?
- 2 How Ekassa Works
- 3 How to Invest in Ekassa
- 4 Ekassa Features
- 5 Types of Investment Packages
- 6 Ekassa Supported Countries
- 7 Is Ekassa Safe to Use?
- 8 Advantages of Investing in Ekassa
- 9 Cons of Investing in Ekassa
- 10 Ekassa Customer Support
- 11 Ekassa Alternatives
- 12 Ekassa Review Summary
- 13 Discover More
Who Can Invest in Ekassa?
Only individuals can invest in Ekassa. Organizations cannot invest in the platform. To invest in Ekassa, you need to meet the following requirements:
- Be at least 18 years old
- Have a bank account
- Pass the identity verification process
How Ekassa Works
Ekassa works the same way as many other investment platforms. Ekassa connects investors with borrowers. If you want to start investing, you first need to sign up on the Ekassa website. You then need to have the account verified.
You then need to fund your account using a bank transfer, or a credit card transfer. You can then select the investment you want to invest in. the minimum investment amount is 10 EUR. You also need to select whether you want a “Guarantee” investment option or a “Profitable” investment option. The “Guarantee” investment option has a buyback guarantee with a lower interest rate while the Profitable option has no buyback guarantee but has a higher interest rate.
Ekassa has partnered with external companies that do due diligence on borrowers before listing the loans on the platform. Once the investor has invested in a particular loan, he or she will start receiving returns depending on the loan agreement.
How to Invest in Ekassa
To invest in Ekassa, you need to follow these simple steps:
- Register. The first step is to register on Ekassa’s website. You need to provide your email and then create a password.
- Fund your account. The next step is to transfer money to your Ekassa account. You can do so through a bank transfer or through a credit card transfer.
- Select a package. The next thing is to select a package to invest in. you need to select your desired return which can either be Profitable or Guaranteed.
- Start earning returns. Once you have invested your money, you can start earning returns. You will be earning returns of up to 13% per year from your portfolio.
Ekassa Features
Ekassa has the following investment features investors can use:
Ekassa Auto Invest Function
It is very easy to invest with Ekassa and you can leave your portfolio in auto-pilot mode. The auto-invest feature on Ekassa is mandatory and helps investors automatically select loans to invest in using certain parameters.
Ekassa Buyback Guarantee
Ekassa has a 100% buyback guarantee. This means that you are assured of getting back the initial investment amount. You must select whether you want to invest in “Profitable” or “Guarantee” return projects. Guarantee return investments are usually backed by a 100% buyback guarantee. However, the buyback guarantee is as safe as those behind it.
Ekassa Pre-Term Return
Ekassa has a pre-term return that works the same way as a secondary market. This means that you can sell your investment before maturity. This is a useful feature for investors who would want to exit the platform before the maturity date. You will be charged 1% of the amount you withdraw from Ekassa.
Types of Investment Packages
There are two types of loans you can invest in Ekassa. They include:
- Guaranteed option. Guaranteed option loans have almost 100% return. However, these loans attract lower interest rates.
- Profitable option. There is no guarantee that the investor will get back their initial investment. However, this kind of loan attracts higher interest rates.
Ekassa Supported Countries
To register and start investing in Ekassa, you need to be from one of the EU countries.
Is Ekassa Safe to Use?
Ekassa is a safe and secure investment platform. Ekassa has a 100% buyback guarantee that ensures that investors get back the initial amount they invested.
Ekassa has 3.2 ratings on Trustpilot with 50% “Excellent” ratings. Many investors like the platform since it is easy to use, buyback guarantee option and has high returns of up to 13%. However, some investors complained of late or no replies to their queries sent via email.
Advantages of Investing in Ekassa
There are several reasons why you should consider investing in Ekassa. Some of these advantages are:
- Long track record. The company has been in the industry for more than 7 years. It has advanced loans to thousands of people.
- Diversify your income. Peer-to-peer lending is a good strategy for diversifying your income.
- Easy to invest. If you qualify, you can start investing within less than a day. Auto invest allows the system to invest for you.
- Large loan portfolio. There are thousands of loans waiting to be funded in Ekassa.
- High returns. Ekassa loans offer an average return of 13%. This is more than what other types of assets return.
- Low starting amount. You can start your portfolio with just 10 euros.
- Buyback guarantee. Unlike other P2P companies, Ekassa comes with a 100% buyback guarantee.
Cons of Investing in Ekassa
- 1% fee when selling portfolio in the secondary market
- Few loan diversification options
- No much information about partner lenders
Ekassa Customer Support
You can reach Ekassa customer support through email: info@ekassa.eu. Although there have been several complaints on Trustpilot of late responses or no responses at all from investors.
Ekassa Alternatives
You can invest in the following investment platforms as an alternative to Ekassa:
Ekassa Review Summary
Ekassa is a p2p investment platform for consumer loans. It is based in Estonia and investors from EU countries can invest in it. You can invest as low as 10 EUR and start earning high returns of up to 13%. Some loans have a 100% buyback guarantee while others don’t. It has investment features like an auto-invest function, a buyback guarantee, and a secondary market. You can diversify your portfolio while investing in Ekassa. However, the downside is that you will be charged a 1% fee to sell your portfolio in the secondary market.
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