Esketit Review

Esketit Review Summary

Esketit is widely regarded as one of the most reliable P2P lending platforms in Europe, delivering an average return of around 11%. Since its launch in 2020, the platform has maintained a strong portfolio performance with minimal disruptions.

One of Esketit's standout features is its automated investment strategies, which have provided quick liquidity under normal market conditions — a key advantage for many investors.

However, with ongoing changes in portfolio composition and the recent exit of Esketit's primary partner, Avafin, investors should take the time to reassess their position and carefully evaluate the risk-return balance of the remaining loan originators.

Main Takeaways From Our Esketit Review:

If you believe Esketit is a good fit for you, sign up with our link to get a 0.5% cashback bonus.

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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, Latvia or Liechtenstein with an average annual return of 11%.

Is Esketit worth your investment? Find out in our in-depth Esketit review.

Our Opinion Of Esketit

Esketit has long been considered one of the most reliable P2P lending platforms in Europe, earning a strong reputation among investors thanks to its stable performance, user-friendly features, and consistent returns, even during periods of geopolitical uncertainty.

We’ve been actively investing on Esketit since April 2022, and our experience has been mostly positive. The Auto Invest function, in particular, has done a good job of deploying funds quickly, with limited downtime during normal market conditions.

However, recent changes warrant a more cautious perspective. With Avafin no longer listing new loans, Esketit has lost one of its most compelling loan originators. Avafin consistently offered the strongest risk-return profile on the platform, backed by regular financial disclosures and a solid track record.

Its departure has noticeably shifted the platform’s overall offering. The remaining loan originators currently present some uncertainties. While Money for Finance in Jordan reports impressive financial results for 2024, investors should not overlook the political risks in the region.

Mojo Capital remains relatively opaque, Spanda Capital is still establishing itself in the Spanish market, and there’s limited financial transparency from Utopia and Credus Capital. At this stage, we believe it’s essential for investors to reassess the platform’s evolving loan book carefully.

Esketit’s main advantages now lie in its strong reputation and the liquidity offered by its Auto Invest strategies. These are meaningful benefits—but in our view, they should be supported by transparent, verifiable data from the platform’s lending partners.

We’ve reached out to Esketit to request further documentation about these loan originators. Should the platform provide solid financial information, we’re open to revisiting our stance.

Until then, we’re approaching new investments on Esketit with greater caution, because long-term confidence requires more than just past performance.

You can review our current Esketit exposure on our P2P portfolio page.

As of month year, 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.

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Requirements

To be able to invest on Esketit, you need to fulfill specific requirements:

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 selected loans.

Buyback Obligation

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 buyback obligation depends heavily on the financial health of the lenders or the finance group backing them. As of month year, the following lenders on Esketit offer a buyback obligation.

Lender	Interest	Loan Type	Period
Credus Capital	7%	Mortgage loan	36 months
Mojo Capital	12%	Business loan	24 months
Spanda Capital	10%	Defaulted debts in Spain	24 months
JMD Investments	10%	Business loan	12 - 24 months
Money for Finance	10%	Short-term loan	30 - 60 days

Please note that Credus Capital, MojoCapital, Spanda Capital, Money for Finance, and JMD Investments are all companies owned by Esketit’s founders. Keep in mind that the frequency of interest payments may vary depending on the individual lending company.

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 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:

1. Spanda Capital buys a bad lending portfolio at a discount (50% - 60%)
2. The company then forwards a portion of the bad portfolio for recovery to a debt collection agency
3. The debt collection agency recovers the bad portfolio with additional fees
4. 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. You can learn more about the performance of Spanda Capital in its latest report.

Investing in fintech companies

Esketit introduces an exclusive new opportunity through MojoCapital, a global lending entity owned by Esketit shareholders Matiss Ansviesulis and Davis Barons. MojoCapital specializes in business-to-business loans targeting fintech and asset management companies.

MojoCapital offers a diversified portfolio consisting of both emerging and established fintech ventures, providing investors with broad exposure to the financial technology sector.

The platform employs thorough risk management by spreading loans across various industries and geographic regions, helping to reduce potential defaults.

Investors benefit from attractive loan terms, including a 12% annual interest rate, a 2-year duration, monthly interest payments, and a structured repayment plan in which the principal is returned proportionally starting from the seventh month.

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 mainly due to Jordan's strict payment discipline.

While Jordan is an emerging market with inherent risks, it remains a promising one. The company adheres to the regulations established by the Ministry of Industry and Trade and is exempt from obtaining a lending license to operate. Most loans are issued in cash to borrowers with regular incomes, and the effective annual percentage rate (APR) charged to borrowers is approximately 200%.

In terms of country risk, Jordan offers some stability. The Jordanian dinar is pegged to the US dollar, eliminating concerns about currency fluctuations, and political risk is considered low. The lender expects new regulations within the next two years.

However, it's essential 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.

You can learn more about the recent performance of Money for Finance in this blog post.

Direct investment in Money for Finance

Esketit began offering the opportunity to invest directly in the development of the lending company Money for Finance in Jordan through a business loan channelled via JMD 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.

You can invest in those loans via the entity Credus Capital, which Esketit owns.

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.

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. 

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 two automated, pre-defined investment strategies that help you diversify your portfolio with just one click.

Both 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.

Note: The CreamFinance strategy is no longer available as the Avafin group stopped listing loans on Esketit.