Lenndy
Lenndy is a P2P (peer-to-peer) investment platform that was established in Lithuania in 2016 and later moved its activities to Latvia. This platform connects people who are looking for investment opportunities with people who need a loan. Applications for both business and consumer loans can be submitted through Lenndy.com platform. Investments start from 10 Euros; the platform provides an opportunity to invest money in different loans at the same time. Interest rate is as high as 11-15%.
Lenndy differs from other P2P investment platforms because it provides the ability to invest in loans that are already granted. The company cooperates with 3 alternative lending companies – First Finance, Simplefin and Daily Credit, through which the investment process takes place. This is extremely convenient, because there is no need to wait for the loan investment phase to be completed-borrowers get loans much faster, and investors can calculate the profit right away.
How does it work?
- Sign up at Lenndy.com. You can even do this through Google or Facebook accounts.
- Once your account is verified, select the loan you want to invest in and transfer the desired amount of money.
- Lenndy.com also offers an automatic investment feature that allows you to invest in loans automatically. You can choose the best investment strategy, and the system will automatically select strategically suitable options for you. This way you will save the time you would spend looking for the best investment opportunities.
Who can invest and what are the requirements?
Anyone over the age of 18 can invest in the Lenndy platform. All they have to do is sign up, verify the account, and choose the loans they want to invest in.
back to menu ↑Risk and reward
Through the Lenndy platform, investors can earn a rather high interest rate of 11-15%. The platform works with short-term and medium-term loans, so you will not have to wait years for a return. Loans with a money-back guarantee have a special mark on the Lenndy platform. If the borrower does not repay the money within 60 days, the responsible lending company returns the amount invested with interest. However, you should keep in mind that Lenndy works as an intermediary, so the investments in the platform are not additionally protected – each investor takes full risk and responsibility.
back to menu ↑Website
The site is convenient, its design is modern, easy to manage. The menu bar is not overloaded. There you can find internal pages with the most important information that may be interesting to you to read before getting started. The mobile version is great for browsing and does not cause any inconvenience when registering or searching for information about investment opportunities.
back to menu ↑Customer service
Since the website and registration form are rather user-friendly, there should be no problems using its full functionality. However, if you have any questions, you can always contact the customer service team. They reply to emails quickly and in detail. However, it may be a little harder to contact by phone, but the communication is professional and enjoyable.
Opening hours – I–V 9:00–17:00.
back to menu ↑Reviews
Customers rate the platform positively, especially good feedback is received for convenient website management, fast registration and the fact that if you want to invest in this platform, you do not need to have a lot of money and it can be diversified over several projects. The inconvenient thing is that Lenndy does not have an official secondary market, making it quite difficult to sell or buy financed loans. If investors want to sell loans, Lenndy charges an additional 5% fee for each transaction. Investors cannot sell loans outside the platform.
back to menu ↑Lenndy contacts
Lenndy, UAB
Phone: +3706 772 4818
E-mail: hello@lenndy.com
Address: Saltoniškių g. 12-2, Vilnius
