Grupeer is a P2P lending platform where you can invest in business, consumer, and real estate loans. It has its headquarters in Riga, Riga, Latvia. Investors from across the world can invest in the platform. Grupeer has a buyback guarantee and an auto-invest feature for investors to automatically select loans to invest in. This is a Grupeer review and how you can invest in the platform.
As of 2022, Grupeer had made total repayments of €32 million with interest of about €4 million. It has also successfully completed 17 projects.
Grupeer Review: Quick Facts
- Grupeer helps investors invest their money in business, consumer, and real estate loans.
- By investing in Grupeer, you earn an annual average return of 13%. You can invest as low as €10.
- Grupeer has a buyback guarantee to protect investors’ money against late repayments and an auto-invest feature that allows investors to automatically select loans to invest in.
- 1 Why Grupeer was Started
- 2 How Grupeer Works
- 3 How to Invest in Grupeer
- 4 Grupeer Features
- 5 Grupeer Alternatives
- 6 Benefits of Investing in Grupeer Loans
- 7 Group Peer Supported Countries
- 8 Grupeer Fees
- 9 Is Grupeer Safe?
- 10 Grupeer Customer Support
- 11 Pros and Cons of Grupeer
- 12 Summary of Grupeer Review
- 13 Discover More
Why Grupeer was Started
The peer-to-peer industry is growing rapidly around the world. Research shows that the industry is having a CAGR of about 19%, and is expected to reach more than $44 billion by 2024. This is significant growth for an industry that was inexistent in the past few decades.
The peer-to-peer industry connects borrowers and investors. Borrowers can easily access capital while investors can generate returns easily. Grupeer was launched to take part in this industry by providing a platform where lenders can extend loans to viable borrowers.
Grupeer created an industry that is safe and one that allows borrowers and lenders to access and make money.
How Grupeer Works
Grupeer works in a very simple way. There are three main parts of the company’s platform. First, there is the lender who wants to make money. The lender just needs to create an account, submit documents, and then select investments. The second part is Grupeer, which is responsible for being an intermediary.
Finally, there are loan originators. These are companies that are required to find and vet borrowers and then list them on its platform. Having these originators is a good thing because it simplifies Grupeer’s business model. It is also a good thing because it ensures that there are always loans listed on the platform. The chart below shows how Grupeer works.
Grupeer offers three types of loans:
- Loan deals. These are loans to businesses and individuals.
- Development projects. These are loans to development companies.
- Grupeer Stability Fund. This allows you to buy a part of a project.
How to Invest in Grupeer
The process of investing in Grupeer is relatively easy. You start by creating an account and submitting verification documents. This process takes less than a minute. Documents verification is a required process because the company needs to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws.
After that, you need to deposit money into your Grupeer account. Funds must be sent from a euro account. You need then need to choose the project to invest in. Grupeer has a search tool that can help you find the ideal investment. You can invest in a car loan, real estate loan, business loan, or personal loan. Then, you need to decide and select how much to invest. The minimum investment amount is €10.
After confirming your investments, you can view in a list format all your investments. You will get information like loan type, ROI, and loan term. After that, you can start receiving interest after 30 days. Some of the investments can give you back a proportion of your invested money every month. After that, you can start tracking your investments on the dashboard.
Grupeer has the following features that are accessible by investors.
Auto Invest Feature
Grupeer has an auto investment tool that investors can use to auto select loans to invest in. The auto-invest feature allows you to determine the type of investments you want. For instance, you can set which country the loans are from and loan originators. You can also control the interest rates and loan terms.
Investors’ funds are protected by the buyback guarantee. This means that if the borrower fails to pay back the loan, the company can buy the loan and pay back the investor the principal amount and the accrued interest.
You can also invest in these other peer-to-peer lending platforms as an alternative to Grupeer:
Benefits of Investing in Grupeer Loans
- Above average returns. Grupeer offers an average of 13% annual returns.
- Proven track record. Grupeer lenders have extended more than €67 million. It has more than 21k investors.
- Diversification. Investing in Grupeer allows you to diversify your income.
- Easy to invest. The process of investing in Grupeer is relatively easy.
- Buyback Guarantee. Grupeer loans come with a buyback guarantee that makes it safe for investors.
Group Peer Supported Countries
Most of the originators in Grupeer are from the European Union. This makes it easy for the company to vet them. However, the company accepts investors from around the world.
Grupeer just like other investment platforms is a free-of-charge platform. You will not be charged to sign up or to use their tools like auto-invest tools.
Is Grupeer Safe?
Before investing, investors are very keen on the safety of their money. As such, Grupeer does due diligence before listing loans on their platform. Grupeer also has a buyback guarantee feature that protects investors’ funds in case there is a delay in loan repayment by the borrower. Also, loans are secured by collateral.
Grupeer has “Excellent” ratings of 9% on Trustpilot. However, more people complained about the platform compared to those who applauded it. Many of the people complained about the platform’s being a scam and being unable to withdraw funds.
Grupeer Customer Support
You can reach Grupeer customer support through email: firstname.lastname@example.org. You can also reach them through their official social media platforms:
Pros and Cons of Grupeer
- Buyback back guarantee
- Auto-invest feature
- Loans are secured by collateral
- High-interest rates of 13%
- Many loan originators
- No secondary market
- Small investment statistics
Summary of Grupeer Review
Grupeer is a peer-to-peer lending platform where investors can invest in consumer, business loans, and real estate loans. You can invest as low as €10 and earn an annual average interest rate of 13%. The platform has an auto-invest tool that you can use to automatically select loans to invest in. It also has a buy-back guarantee, meaning loan originators can buy back the loan in case there is a delay in repayment by the borrower. However, the platform does not have a secondary market.