Crowdestor is a great platform for both beginners and advanced investors. Here you can invest in different types of businesses or projects, so everyone can choose the most attractive investment opportunity for them. On this platform you can invest from 50 Euros and earn an average interest rate of 17.06%. Although the company is regulated by the laws of an experienced financial regulatory agency and the Estonian government, there is no 100% money-back guarantee and every investor takes the risk. The inconvenience is that the platform does not have a popular automatic investment feature. Also, there are only about 5 new projects appearing in a month, so Crowdestor is not the best choice if you want to diversify your investments. Nevertheless, the registration process here is simple, you can find detailed descriptions of each project, and the platform does not charge investors any additional fees.
- No additional fees
- Big interest rates
- You can invest in different projects
- There is no automatic investment feature
- There are few possibilities to diversify investments
- The site lacks more detailed information
Crowdestor is a financing platform, founded in 2018 in Estonia and now is operating in Riga. It specializes in business investments. This platform allows you to invest in different businesses, projects, real estate, and startups. Crowdestor has already raised over 3 million investments from 13.5 thousand different investors. The minimum amount you can invest is only 50 Euros. This is a great way for businesses to get financed quicker and on better terms, and for investors to earn a good interest rate (from 12% to 36%). Since the platform is charging business customers, there are no additional fees for investors.
How does it work?
- Sign up for an investor account.
- Do a personal identification.
- Open an electronic Crowdestor money account.
- Transfer money to this account.
- Choose the project you like and invest a desired amount of money.
- If the project does not get the required amount for funding, the money will be returned to your account within 48 hours.
- Real estate
Who can invest and what are the requirements?
Anyone over the age of 18 with a working bank account can invest in the Crowdestor platform.back to menu ↑
Risk and reward
You can earn 12-36% interest by investing in this platform. Despite the fact that Crowdestor is a relatively new, it has already secured the name of a trusted company. This is because the company scrutinizes all legal entities that apply for a loan and assesses their risks. The inspection considers the reputation of the borrower, his or her financial history, and existing liabilities.
Crowdestor also evaluates things such as business plans, loan security, or financial statements. The company is supervised and regulated by the financial regulatory agency FCA which is recognized worldwide and the laws of the Estonian government. In the Crowdestor platform, every investor evaluates and assumes the risk for their actions, so it is recommended to split the investments into several different projects and diversify them.
The company has separated the investments from the company’s account. This means that in case of bankruptcy, all investors would get their money back.back to menu ↑
From the first glance at the website, it’s difficult to recognize what this service is about, its colors are a bit dark, and the chosen visuals do not reflect the very idea and theme of the page completely. The site does not have a lot of information, only the main sections. Because of this, browsing becomes easy, it is possible to find everything you need quickly, but some areas lack details, more extensive descriptions or explanations, F.A.Q is not informative enough. The mobile version is adapted perfectly, the site is easy to use and the registration process is clear.back to menu ↑
Customers say that registration approval can sometimes take from a few hours to a few days, which is not convenient if you want to invest here and now. The customer service is closed on weekends, while a lot of competitors provide services every day. The staff itself is professional, answers all questions and concerns. Only sometimes, there is a lack of faster response and efficiency.back to menu ↑
Customers enjoy the platform because it provides an opportunity to invest not only in loans or real estate, but in real business projects and startups. Of course, this poses a higher risk, so everyone has to understand what responsibilities they take on. The inconvenience is that the platform does not always have enough projects to diversify investments, so Crowdestor is better as an additional rather than the main investment platform. There are complaints about registration approval taking a long time and customer service not being very efficient.back to menu ↑
Address: Roosikrantsi 2, Tallinn, Estonia
Phone: +371 2733 3274