Envestio is the third crowdlending platform I started investing in. In this review, I share my experiences based on the first 3 months investing with Envestio.
The first half of the review contains key information, including my own opinion of Envestio. The latter half provides a detailed walkthrough of the website and highlights the various options.
Time to dig into it!
Table of Contents
Key information Envestio
Envestio is a business crowdlending platform based out of Estonia. The company was founded in 2014 and started as a private investment fund. Late 2017 the company decided to open its doors for the public.
A few key figures to get us started:
- 6,593 investors
- Close to 18 million capital has been raised
- Average interest rate 18.52%
- 48 projects successfully exited
The minimum investment is only € 1. This is great because it eliminates the threshold for reinvesting interest quickly. Envestio does not charge fees to their investors.
A donut chart showing the investment categories and line graph showing capital invested and exited investments
Envestio has several measures in place to mitigate investor risk.
It’s possible to sell your investment back to Envestio for a percentage of the principle. Any interest already earned will remain in your possession. This percentage is variable and is shown before you confirm the sale.
In case of a late repayment technical default takes place after 5 days. Any project which is classified as secured debt is guaranteed for 80% of the principle. For the remaining 20%, the investor has a choice for another 10% instantly or wait on the outcome of the recovery process. In practice, this means any project classified as secured debt guaranteed for 90% if you choose for this option.
Pros and Cons
- High-end returns 16%-22%
- 48 successfully exited projects
- Principle amount protected of at least 80%
- Start investing from € 1
- Website is easy to navigate
- No Auto Invest
- No 100% buyback guarantee
- Projects fill up extremely quickly, it’s common to miss out
My Envestio Investments
I became an investor with Envestio in February 2019 by investing € 500. Ever since I have made several deposits. At the time of writing, I have deposited a total of € 6,000, which is invested in 11 projects. A little over € 500 is waiting for the next investment opportunity.
Envestio provides high-end returns, which is the primary reason why the platform is becoming increasingly popular. My interest rates range from 16% to 19.85%. All the projects I have invested in pay out monthly interest and have an investment horizon from 6 months to 12 months.
Find out more about my current Envestio portfolio here.
Envestio deposits over time.
Envestio income over time.
My Opinion and Rating
Envestio’s track record, its returns and risk mitigation measures are plenty to put my mind at ease. Diversification is key in my mind. So far every interest payment has been received as expected.
My Envestio rating is 4/5.
If you’re considering becoming an investor with Envestio I appreciate it if you sign up through this link. Signing up through my link provides you with a € 5 bonus after depositing € 100 and a 0.5% cashback bonus for 270 days. You will not receive this bonus when signing up on the Envestio website.
Becoming an Envestio investor
Becoming an investor with Envestio is extremely easy. It starts with entering your email address and several personal details.
Anyone who meets the following criteria can become an investor:
- Over 18 years old
- Private investors are welcome for all around the world
- Legal entities registered in the EEA member countries or Switzerland can open a corporate account
Investor registration process detailing what information needs to be provided.
Navigating the Envestio website
The website is extremely easy to navigate, but let’s run through the basic functionalities.
The main menu consists of seven options:
- My Accounts
Let’s navigate the website together by going over the menus one by one.
The Dashboard page is the landing page and provides a quick overview of your account, including balance and repayment schedule.
An easy overview of your account balance and the repayment schedule.
My Accounts provides an overview of your account balance and past transactions, as well as the options to deposit and withdraw funds. Note you’ll have to be verified to withdraw funds. Verification is not required for depositing funds.
Another overview of your account balance and past transactions on your account.
The Investments menu provides you two options, Active Investments, and My Investments.
The “Active investments” menu lists all projects currently open for investment. Most of the time this menu does not show anything, because investment opportunities fill up extremely quickly.
My Investments provides an overview of all your active projects and includes, among others, details such as Investment date, Closing Date, Period and Interest Rate.
The “My Investments” menu lists your active projects and various details.
Typically Active Investments is empty. Exceptions are when several investments are released at once or you’re very quick to respond to Envestio’s e-mail announcing a new project release.
The Statistics menu gives you the opportunity to generate income statements for various pre-formatted periods as well as the option for a custom date selection.
The statistics menu allows you to generate an income statement.
An example of an income statement in Word generated from the Statistics menu.
The Documents menu is the section where you upload documents to become a verified investor. Remember that you’ll need to go through the verification process to withdraw funds.
The verification process requires you to upload an ID card or passport and proof of residency.
The Agreements section is blank for now. No loan agreements are available for investors to review.
My Documents, the place to upload your documents to become verified. I recently went through the verification process.
Clicking Projects leads you to a menu that displays all completed and funded projects. So far 48 projects have successfully exited.
The most recently launched projects.
Information typically provided for individual projects.
Share your experience
Are you an investor with Envestio? Please share your experience in the comments below.
If you are looking to start investing with Envestio, please consider using this link to sign up. Signing up through my link provides you with a € 5 bonus after depositing € 100 and a 0.5% cashback bonus for 270 days.
Check out all signup offers here.