Esketit Review Summary
Esketit is one of the most reliable P2P lending platforms in Europe, offering an average return of 11%. It was voted one of the top P2P platforms by our community in 2025.
Main Takeaways From Our Esketit Review:
- 60-day buyback obligation on most loans
- Higher interest rates
- Operating from Latvia
- Reliable & stable income
If you believe Esketit is a good fit for you, sign up with our link to get a 0.5% cashback bonus.
Ready to let your money work for you?
What is Esketit?
Esketit is a P2P lending platform owned by the founders of the international lending group AvaFin (formerly CreamFinance). On Esketit, you can invest in loans from Jordan, the Czech Republic, Poland, Latvia, Liechtenstein, or Spain with an average annual return of 11%.
Is Esketit worth your investment? Find out in our in-depth Esketit review.
Pros
- Reliable buyback and group guarantee
- High interest rates
- Modern P2P lending platform
- Instant Exit Option
- No fees
Cons
- Not regulated
- Limited loan availability
Learn how Esketit works in our video review.
Our Opinion On Esketit
Esketit has consistently ranked as one of the top-performing P2P platforms in Europe, safeguarding investors' interests even during challenging geopolitical events.
Since April 2022, we’ve maintained an active portfolio on Esketit, and our experience has been nothing short of excellent. Despite occasional limitations in loan availability, the Auto Invest feature has consistently deployed our funds within a few days, depending on market conditions.
Our preferred strategy is to focus on loans from AvaFin and Utopia, both reliable global lenders. You can check out our current Esketit exposure on our P2P portfolio page.
While AvaFin is a strong player, it’s essential to be aware of the risks associated with investing in unsecured loans. Regulatory changes could impact the company’s performance, which may affect your portfolio returns.
We’ve taken our due diligence a step further by visiting AvaFin’s headquarters in Riga, meeting with the founders of Esketit, and having multiple discussions with the CEO about the platform’s ongoing developments.
As of May 2025, Esketit remains one of Europe’s best-performing P2P lending platforms, and our loan performance has been outstanding.
Our return exceeds 11% per year by investing in well-performing loans. Keen to join as well?
Esketit Bonus
Esketit offers an optional Esketit promo code, which you can type in during registration. However, this is not required to get a cashback bonus. We have negotiated a 0.5% referral bonus for our readers on P2P Empire.
Signing up with our link will give you a 0.5% cashback bonus from your invested amount during the first 90 days after your registration.
Loyalty Bonus
If you are keen to invest a higher amount, you can benefit from Esketit's loyalty program, where you can increase your return by +1%.
If you invest more than €25,000, you will get +0.5% interest in addition to your annual return. If you invest more than €50,000, you will get +1% on top of the standard rate.
Remember that the loyalty bonus is only applied to your investment in Jordan loans.
Requirements
To be able to invest on Esketit, you need to fulfill specific requirements:
- Be over 18 years old
- Pass the KYC
- Verify your identity
- Verify your bank account (IBAN)
If you don’t have a euro bank account with a dedicated IBAN, you can open a free N26 account, as explained in our N26 review, or a Wise account with a dedicated Wise Card.
Risk & Return
Investing in loans is risky, and you might lose your money. Esketit offers a 60-day buyback obligation for loans from AvaFin and Money for Finance.
Loans from the Czech Republic and Spain lending companies have an additional group guarantee.
Loan availability is subject to market conditions.
Buyback Obligation & Group Guarantee
The buyback obligation is the lending company's commitment to repurchase a loan if the borrower is more than 60 days late in repayment.
The group guarantee is a safety net, where the financial group steps in to cover the lender’s buyback obligation if the lender itself cannot fulfill it.
It’s important to note that not all loans on Esketit come with a group guarantee, and AvaFin only offers this guarantee for its lenders. The lending company in Jordan, while owned by the same individuals, is not part of the AvaFin group.
Both the buyback obligation and the group guarantee depend heavily on the financial health of the lenders or the finance group backing them.
Let’s take a closer look at some of AvaFin’s financial results.
| Report | Net Profit/Loss |
|---|---|
| 2023 | € 7.893.992 |
| 2022 | € 8.296.358 |
| 2021 | € 3.403.510 |
| 2020 | € - 829.213 |
| 2019 | € 660.619 |
| 2018 | € 1.567.010 |
| 2017 | € - 385.150 |
It’s worth noting that BDO audits all the reports in Cyprus, where AvaFin is legally based.
AvaFin’s Portfolio
AvaFin (also known as Creamfinance) diversifies its funding by sourcing capital from another crowdfunding platform in Japan, while listing loans from lenders in the Czech Republic and Spain.
During our visit to Creamfinance's headquarters in Riga, we learned that Spain presents significant challenges for AvaFin. Despite this, the company sees strong potential in the Spanish market and is committed to improving its portfolio quality there.
A key aspect of AvaFin’s strategy is how it manages portfolio quality. In most European markets, the company sells off bad loans to collection agencies at a 50% discount, ensuring that non-performing assets don’t weigh down their loan book.
The default rate in AvaFin’s established markets generally remains below 10%. Even if 10% of the loans default and are sold at a 50% discount, the net loss is only around 5%, which is typically absorbed by the lender’s profits.
This practice of selling off non-performing loans is common in the lending industry and helps maintain a healthy portfolio.
Investing in defaulted loans from Spain
Esketit’s founders have recently launched a new venture offering investments in discounted defaulted loan portfolios in Spain.
The new loan originator, Spanda Capital, is raising funds from investors on Esketit with a 24-month loan term and an attractive 12% annual yield (APY). For the first six months, investors will receive only interest payments, followed by proportional principal repayments over the remaining 18 months.
This is how the business model of Spanda Capital works:
- Spanda Capital buys a bad lending portfolio at a discount (50% - 60%)
- The company then forwards a portion of the bad portfolio for recovery to a debt collection agency
- The debt collection agency recovers the bad portfolio with additional fees
- Spanda Capital takes a cut and returns the principal with accrued interest to investors
On average, it takes two years to recover a defaulted portfolio in Spain, which is why Spanda Capital offers a 2-year loan term, providing investors the opportunity to earn 12% interest over the 24-month period.
Investing in Jordan
Jordan presents an attractive opportunity for P2P investors, offering competitive returns. Esketit currently provides a 12% interest rate on investments in loans from Jordan. Let's take a closer look at this market.
On Esketit, you can invest in unsecured consumer loans issued by Money for Finance, a lending company owned by the founders of Creamfinance and Esketit. The company offers loans of up to €130 for new borrowers and up to €240 for repeat borrowers, with a 30-day term. Notably, more than half of borrowers choose to extend their loan repayment period.
Money for Finance has been operating in Jordan for five years, and the default rates are lower than in many European markets where Creamfinance has been active for over a decade. This is largely due to Jordan's strict payment discipline.
While Jordan is an emerging market with inherent risks, it remains a promising one. The company follows the rules set by the Ministry of Industry and Trade and does not require a lending license to operate. Most loans are issued in cash to borrowers with regular incomes, and the effective APR charged to borrowers is around 200%.
In terms of country risk, Jordan offers some stability. The Jordanian dinar is pegged to the US dollar, eliminating currency fluctuation concerns, and political risk is considered low. The lender expects new regulations within the next two years.
However, it's important to be aware of the potential country risks, as Jordan shares borders with regions in conflict. While the CEO of Esketit confirmed in October 2023 that operations in Jordan remain stable, investors should carefully consider the regional conflict when assessing the risk of lending in this market.
Direct investment in Money for Finance
Esketit started offering the possibility to invest directly into the development of the lending company Money for Finance in Jordan via a business loan channeled through MD Investments SIA in Latvia, which owns the lending originator in Jordan. You can find this investment on Esketit's primary market.
Investing in USD loans
Esketit also allows you to invest in USD loans from Money for Finance in Jordan.
To invest in USD loans, you must deposit USD in Esketit's Swiss bank account and then switch the currency to USD to retrieve the bank account information.
After you deposit USD into your Swiss bank account, you can invest your available balance in the primary market.
Alternatively, you can also automate your investments with Esketit Strategies, saving you time apart from generating a 13% return on your investments in USD loans on Esketit.
Remember that by investing in USD, you are exposed to currency fluctuation.
Investing in external loan originators
As demand for investments on Esketit grows, the platform has started onboarding external loan originators to diversify offerings.
The first external partner is Aksioma 24, which provides Latvian mortgage loans with a 7% interest rate and a 36-month term.
The loan-to-value (LTV) ratio for these loans ranges from 45% to 60%, and each loan is backed by a mortgage. Interest payments are made monthly, with principal repayments starting in the second year and spread proportionally over the remaining term.
Investing in loans backed by music royalties
Esketit continues to expand its assets under management and has partnered with i2 Group to announce a strategic collaboration with Utopia, an international music distributor.
Through Lyric, a subsidiary of Utopia responsible for its lending operations, investors can now access loans backed by future music royalties.
These loans have a 12-month term with a 9% annual interest rate. Utopia and Lyric have historically maintained a default rate of under 1.5%, which accounts for the lower interest rates offered to investors.
Let's have a look at Utopia's and Lyric's business model:
- Lyric lends money to the artist at a 20% effective rate
- The cash advance is backed by the future royalties generated by the music that the artist produces
- The royalties are collected and transferred to the SPV, which is controlled by Esketit and i2 Group
- The SPV repays investors and transfers the remaining funds to Lyric
- If the music royalties exceed the loan amount, the remaining funds are transferred to the artist
Since Utopia manages the repayment of music royalties, it can accurately predict song revenue, providing greater confidence in loan performance. It's important to note that while investors provide funds to the SPV based in Liechtenstein, the actual cash advances are distributed to artists in the United States and the UK.
Investing on the Secondary Market
Due to the low loan availability on the Primary Market, many investors are exploring investment opportunities on the Secondary Market. While those investments can be lucrative, many of the listed loans are offered at a premium price, which can lead to a negative return. You can learn more about the impact of the premium on the IRR on Esketit in our academy.
Is Esketit Safe?
Esketit has been operating since 2021 without any capital loss for investors. Let's explore the risks and safety features that you must consider before investing in Esketit.
Get insights about the Esketit operation here:
Who Leads the Team?
Vitālijs Zalovs is the CEO of Esketit and, therefore, in charge of the platform's operations. He has previous experience working at Mintos.
Who Owns the Platform?
Esketit is owned by the co-founders of the AvaFin Group, Davis Barons, and Matiss Ansviesulis. Both gentlemen have an impressive track record of growing their companies.
Are There Any Suspicious Terms and Conditions?
When using a P2P lending platform, you should always review the terms and conditions to understand your rights and obligations.
Storage of Funds
Using Esketit, you must send your funds to Esketit’s bank account. The platform doesn’t provide you with individual IBAN accounts. According to the T&C’s, your funds on Esketit are stored separately from the platform's funds.
Amendments
Esketit reserves the right to amend the terms and conditions at any time. The platform will inform you about any changes via email; however, it does not state the time frame you have to accept or decline those amendments.
Access to Loan and Assignment Agreements
The assignment agreement is unavailable for unregistered users; however, if you sign up, you can review a sample agreement by navigating to it on the primary market.
Potential Red Flags
- Esketit may amend the terms and conditions before notifying you in advance.
Usability
Esketit offers an Auto Invest feature that streamlines the investing process, saving you time by automatically allocating funds according to your chosen criteria.
Auto Invest
The Auto Invest feature lets you customize key loan parameters, including loan amount, interest rate, loan term, countries, loan types, and loan originators.
Keep in mind that only Esketit's automated strategies offer "instant cash-out" under normal market conditions. If you invest using a custom Auto Invest strategy, you'll need to use the secondary market to sell your investments.
Are you wondering how Esketit compares to PeerBerry? Check out our comparison Esketit vs PeerBerry.
If you have invested on other P2P lending sites, investing on Esketit will be very straightforward. The platform also allows you to invest in the primary or secondary market.
🧾Does Esketit deduct taxes?
Esketit doesn't tax your earnings. However, you can download income statements for tax purposes in your dashboard, which you may submit to your tax authorities when you file your taxes in the nation where you are a tax resident. For more info, visit our article about how to tax income from P2P loans.
Liquidity
Esketit offers a secondary market to enhance the liquidity of your investments. The time it takes to sell depends on the discount you offer and current market conditions.
By applying discounts, you can accelerate the sale of your investments on the secondary market.
During our Esketit review, we observed that a wide range of loans are available on the secondary market, providing investors with ample opportunities for liquidity.
Esketit Automated Strategies & Instant Exit
Esketit offers three automated pre-defined investment strategies that help you diversify your portfolio with just one click.
- The Diversified strategy allows you to distribute your investments to all available loan originators.
- The Jordan strategy allocates your investments only into all loans from Jordan, including long-term business loans.
- The AvaFin strategy diversifies your investments across lenders that belong to the AvaFin Group (formerly CreamFinance) and offer the group guarantee.
The distribution of investments in AvaFin loans under the Diversified strategy is based on market availability. This means that your investments in loans from Spain, Poland, and the Czech Republic won't be distributed equally.
All three strategies offer an instant exit option. To withdraw funds, you can create a strategy, click on “edit,” and use the “cash-out” option.
Keep in mind that the “cash-out” option is designed to function primarily under normal market conditions.
For it to work, other investors must be using the same strategy. When you activate the “cash-out” option, other investors will take over your loan investments.
Support
Our experience with Esketit's support has been positive, a sentiment echoed by many investors in Trustpilot reviews. The platform typically responds to our inquiries within one business day. You can reach their support team via email at support@esketit.com.
Additionally, Esketit manages a Telegram group where the CEO actively engages with investors and answers their questions.
Esketit Alternatives
Esketit is among the best P2P lending platforms in 2025, so the number of suitable alternatives is relatively low. If you prioritize diversification and wish to expose your portfolio to various loan types in different regions, these alternatives might be a good fit for you.
Income Marketplace
Income Marketplace is an Estonian P2P lending marketplace that enables investors to invest in multiple lending companies in Europe, Asia, and America.
A buyback guarantee backs all the loans, and many lenders pledge their loan books to increase the safety of your investments. The platform offers loans with a yield of up to 15% per year. To learn more about this investment platform, read our Income Marketplace review.
LANDE
LANDE is a Latvian platform that offers investments in agricultural loans backed by grain, insurance, or other types of collateral.
The platform is headquartered in Riga, just a few minutes from Esketit's headquarters. Like Esketit, LANDE has an excellent track record in protecting investors' interests. If you want to invest in secured loans, LANDE is one of the best options in 2025. Read our LANDE review to learn more about the platform.
Fintown
Fintown is a newly launched platform from the Czech Republic. This crowdfunding site offers investments in rental properties in Prague's city center. You can earn between 10% and 12% interest per year, which is paid out from the revenue generated by the short-term rental apartments.
Fintown was co-founded by the Managing Director of Creamfinance CZ, which also funds loans on Esketit. The platform offers exciting terms and pays out interest every month. Learn more about Fintown in our Fintown review.
