- Business name: Monestro
- Legal name: OÜ Monestro P2P
- Jurisdiction: Estonia
- Type: P2P platform
- Total invested: €508K
- Buyback guarantee: Yes
- Secondary market: Yes
- Licensed: Yes
Monestro is a P2P lending platform based in Estonia, founded in 2016. Monestro has only one loan originator and it publishes information about it. The loan originator is Punk Finance, which is a Estonian company and licenced in Latvia, Lithuania and Estonia. The platform offers three loan types, which are single payment loan, line of credit and investment loans. Monestro has an investment brokerage license.
Board & Team
Monestro provides information about the managing team. The team consists of experienced professionals from the financial industry. The team has academic backgrounds related to the industry such as banking and finance. For instance, the CEO Johan Orsingher has an academic background in Finance -FinTech and Islamic Finance with the professional journey related to the financial industry such as being CEO, managing partner and consultant in various companies. Other team members also have related professional experiences to the P2P lending industry.
The platform does not publish its financial statements and statistics on their webpage. To date, on their web page, it shows “coming soon.” Also, LendSecured does not publish its historical loan books, which could be useful for the investors for risk analysis. Analyzing the financial performance of Monestro, the platform’s quick ratio is higher than 1 in 2020 and improved compared to 2019, which shows that Monestro had sufficient current assets to meet its short obligations. The platform is more relied on and financed by debt rather than debt, especially in 2020 compared to 2019. It is cheaper to finance by debt, especially for financial institutions as they are dealing with debts-clients’ money. However, the return on assets is very low, which means the platform did not use its assets efficiently.
Platform’s Score and Uniqueness
Monestro offers withdrawal, and secondary markets and autoinvest are being said to be offered to investors soon. Those features make investing much easier for investors and by offering secondary markets and autoinvest more investors would be interested. The platform has a buyback guarantee, however, there are no personal guarantees to the payment of loans. The investments can be diversified and the promised return ranges from 7 -15%, which is not justified on their web page. The promised return on investment is higher than the market average return. The loans are offered by skin in the game, which is 20%. The platform is supervised by government authority.
Monestro P2P Platform
Monestro, a P2P lending platform, licensed by Financial Supervision Authority (FSA) promises 9 – 12% return on investment annually. Monestro offers money withdrawal and autoinvest both. Secondary market is yet to come. They have strong scrutinizing process for Loan Originators starting from financial Due Diligence following with mode of operation, selection of borrowers, record of unpaid loans etc. To secure investors payment, Monestro offers skin in the game and buy-back guarantee after 60 days. Their mode of payment is via Stripe, one of the trusted payment gateways in Europe or bank transfers for bigger amount. There is information about the key team members on their web page, the team is made of professionals with experience in the financial sector. The latest annual report is available that shows that the platform had sufficient current assets to meet its short-term obligation, and it is more debt financed.