Gathering data

Esketit Review

Esketit Statistics

IE
  • Business name: Esketit
  • Legal name: Esketit Platform Limited
  • Jurisdiction: Ireland
  • Type: P2P platform
  • Average score:
    5 / 5
Promised annual return

13.4 %

Sneakypeer scoring

5.7

Transparency

66%

Secondary Info
  • Total invested: €55.4M
  • Buyback guarantee: Yes
  • Secondary market: Yes
  • Licensed: Unknown
Loan Types
Single payment loans
Instalment loans

Esketit Description

General Information

Esketit is a Ireland registered P2P lending platform, which was founded in 2020 and operates in Riga, Latvia. The platform has loan originators from Latvia, Spain, Mexico, Czech Republic, Poland, Jordan and Sri Lanka. To date, more than EUR 3.85 million has been invested through the platform by investors. The platform single payment loan. The platform does not have an investment brokerage licence as it is very new. Esketit owners have shares-ownership- in loan originators. In other words, they own the loan originators, which can be considered a conflict of interest.

Board & Team

The platform shares information about its owners and managing team. Davis Barons and Matiss Ansviesulis are Co-founders of Esketit, who are Co-founders of Creamfinance Group as well that is the platform’s loan originator. The owners have previous professional backgrounds related to industry such as working in J.P. Morgan. The managing team is also made of experienced professionals who have both academic and professional backgrounds related to the financial industry. 

Financial Analysis

As the platform is very new and was founded in December 2020, thus, they do not have annual reports or financial statements for 2020. Therefore, it is hard to talk about the financial health of the platform. Esketit shares very limited statistical figures on their web page, which can be used for risk assessment analysis. The platform does not publish its historical loan books as well.

Platform’s Score and Uniqueness

The platform offers essential features that can make the investment more easily and attractive to investors such as autoinvest and secondary market. There are withdrawals and buyback guarantees for the payment of loans. The investments can not be diversified as there is only one loan type. The promised return is about 12.73% per year, which is above market average return. The promised return is justified on the platform. Investing through Esketit is free of charge. There is a conflict of interest between the loan originators and platform’s owners. Because the platform’s owners own/have shares in the loan originator companies and only sell loans issued by that loan originator.

Conclusion

Esketit is a P2P lending platform registered in Ireland with operational offices in Riga, Latvia. The platform offers one loan type with a promised return of about 12.73% annually. The platform offers essential features for making investing much easier and attractive such as auto-invest and secondary market. The loans are guaranteed by the buyback opportunity by the platform. Esketit shares information about its owners and managing team. The Co-founders own the loan originator companies such as Creamfinance Group or have shares in them that create a conflict of interest between the loan originators and platform’s owners. As the platform was founded recently, there are no financial statements for 2020. There are only limited statistics on their web page.

Esketit CEO

Vitalijs Zalovs

CEO
https://www.linkedin.com/in/vitaalijs