FinBee Review

Earn on average 18% interest per year
Your investment is Your investment is not secured by any collateral

  • Invest in unsecured consumer and business loans
  • Minimum investment from €5
  • Automate your investment with AutoLend
  • Higher average interest
Risk & Return
Buyback GuaranteeNo
Auto InvestYes
Secondary MarketYes
Min. Investment€5
Loan Originators1
Loan TypeConsumer
Loan Period12 - 60 months
Interest13% - 27%
  • Higher interest
  • Decent liquidity
  • Attractive for Lithuanian investors
  • Limited investment protection
  • Witholding tax on interest
  • Limited diversification
_Risk & Return
_Due Diligence

FinBee Review

FinBee is a popular Lithuanian peer-to-peer (P2P) lending platform that lists unsecured consumer and business loans with a loan term between one and five years. FinBee has user-friendly features such as the Auto Invest tool (AutoLend) and the secondary market. The average interest rate on FinBee is around 18% per year.

Keep reading our FinBee review to find out whether this is the platform for you.

finbee review

⭐ Learn more about our rating criteria

Finbee News

Last update: 24/04/2020
  • 78% of borrowers are paying back their loans without any delays
  • Interest rates for consumer loans increased by 2%
  • Only 0.98% of borrowers requested deferal of the principal loan amount for up to 3 months
  • FinBee collaborates with the government and helps crowdfund government loans to businesses

📧 Stay up to date with our newsletter

FinBee in Numbers

FinBee Statistics
Year founded:2015
Investor's earnings:+ €4.8 M
Total loan value:+ €30.4 M
Number of investors:+15,800
Loss of investors' money:0%
Average portfolio size:€ 2,100
Latest financial report:Not available

FinBee Promo Code

Often, P2P lending platforms offer sign-up bonuses and referral codes for new investors, where they can receive up to 1% cashback bonus. As far as we’re aware, FinBee does not offer anything of this type. With a close eye on FinBee’s movements, we’re always checking for updates to the platform and we’ll make amendments to this review should FinBee offer any special incentives in the future.

FinBee’s New Users Requirements

If you wish to use FinBee, you must be over 18 years old, have a valid ID as well as a European bank account in your name.

In order to invest, you need to answer the Know-Your-Customer questionnaire, within which you’ll need to describe your financial situation, take a selfie and upload a copy of your ID. After your data has been verified, you will be able to transfer funds to FinBee.

All the information you share with FinBee is confidential. Your deposits on FinBee are stored at segregated bank accounts with the Citadele Bank and protected by the Lithuanian government protection scheme up to €100,000 per investor.

Risk and Return

When investing on FinBee, you are funding consumer and business loans originated directly by FinBee in Lithuania.

Unpaid Loans

The consumer loans are not protected by any collateral. If the borrower fails to repay the loan, FinBee will help you with the debt collection. There is no buyback guarantee or any insurance of your investments on FinBee.

The only exception to this rule is with business loans that are secured by a personal guarantee of the business owner or a real estate collateral.

FinBee’s Risk Assessment

FinBee is taking care of the due diligence of their borrowers. The risk assessment isn’t outsourced as is the case with many other P2P lending platforms such as Kuatzal or Crowdestor. Furthermore, FinBee only offers loans for small and profitable companies (ltd. or lcc.) which operate for at least three months. Young companies are able to get a small loan up to €5,000.

That being said, FinBee offers investment opportunities in business and consumer loans, with annual interest rates ranging from 13% to 27%. Do note, however, that those loans are not typicall short-term, as is the case on platforms like Mintos, PeerBerry or Robocash.

The shortest business loans you can find on FinBee have a two month term. Especially within the construction sector, developers might require a shorter loan term and FinBee is able to provide this flexibility.

While FinBee’s high average interest of 18% per year is very attractive, you should also bear in mind the higher risk that comes with investing on this platform.

On the positive note, however, FinBee is one of few Baltic P2P platforms that are supervised by the Bank of Lithuania. It's worth mentioning that Lithuania has currently the strictest regulations for P2P lending companies within the Baltics. Many P2P lending sites in Estonia for example, aren't regulated at all.

Protection Scheme

Your investment on FinBee isn’t protected by a protection scheme, which means users should plan for delayed payments and default loans.

Two ways you can minimize risk is to:

  • Invest the minimum amount of €5 per loan
  • Invest in loans with better credit score ratings
We reached out to FinBee and requested information about the current default rate. Here how they responded:

According to Lithuanian law, the only way for a borrower to default on its obligations is to apply for a court for personal bankruptcy. This is a very rare case in Lithuania. We haven't had any single case of a personal bankrupt at FinBee. Therefore investors haven't lost any money as all defaulted loans are in the collection process.

Investors on FinBee also don’t need to pay any debt collection fees that would lower their returns.

Is FinBee Safe?

Investors are often skeptical about investing their money with less popular P2P lending sites. We can relate to this feeling, which is why we at P2P Empire, do our own due diligence about every P2P lending platform we review. Here is more background information about FinBee.

Who Runs the Company?

FinBee is run by its CEO Darius Noreika who has been leading the company for the past several months. Before he got appointed as the CEO, he had the role of the COO for about 4 years. Darius has a strong background in financial analysis. He had worked at Danks Bank as well as Swedbank for several years before he joined FinBee.

Who is the Company’s Legal Owner?

Finding the legal owner of FinBee is not easy. According to FinBee’s support, the platform is owned by Darius Noreika, as well as the company ZSC Techteam. Unfortunately, we haven’t found out more about the owners of this company when browsing through Lithuanian business registry entries.

👉 How to Conduct Your Own Due Diligence in 10 Minutes

Are There Any Suspicious Terms and Conditions?

The terms and conditions represent your rights that arise from investing in loans listed on FinBee. We suggest getting familiar with the terms before signing up on any platform. Here are a few clauses worth pointing out.

Clause 9

FinBee is a P2P lending platform who is also the originator of its loans. This means that the terms and conditions also describe the direct terms that apply to the borrower.

finbee terms

In clause 9, you learn about what happens when the borrower delays its payments and what penalty fees will be charged.

Clause 9.8

It’s also worth pointing out that FinBee will help you recover any outstanding debt, as mentioned in section 9.8.

finbee terms

However, this does not mean that FinBee is liable for any defaults caused by the unavailability to repay the debt by the borrower.

Clause 17.1

FinBee reserves the right to change any terms and conditions without prior notice. It’s certainly not the only platform that has a similar clause in their T&C.

finbee terms

Past experience has shown that the right to amend terms and conditions can be used to harm the investor’s interest, which is why you should keep an eye on any changes before continuing to invest on a P2P platform.

FinBee Fees

Investors should be aware of a 1% fee for sell-offs on the secondary market as well as potential fees arising from the debt collection process. Also, FinBee is withholding taxes, which will lower your result.

finbee fee

Most platforms do not charge any fees to investors. It’s important to mention, however, that while FinBee charges certain fees, you also earn a much higher average interest compared to what many other platforms offer.

Safety of Investor’s Funds

When reading FinBee’s terms and conditions, we could not find any information about how investor’s funds are secured.

In our dialogue with FinBee we found out that according to Lithuanian regulations, P2P lending platforms cannot provide payment services to their customers. That’s why FinBee has established a company called UAB Elektroniniu pinigu bite, who obtained an electronic money institution license in 2017.

This licensed company provides payment services to FinBee customers. Every FinBee investor automatically opens a personal account at Elektroniniu pinigu bite. All of the investor’s funds remain investor’s property and are stored in segregated bank accounts.

This setup is actually one of the most secure systems we have come across while reviewing P2P lending platforms. Thanks to the stricter Lithuanian regulations, P2P investors on FinBee can benefit from the increased safety of their P2P investments.

Do Investors Have Access to Individual Assignment Agreements?

Investors have access to individual loan agreements. Simply navigate to your portfolio, click on the loan and select the contract.

Our simple due diligence did not yield any suspicious information that would indicate any increased risks for your investments on FinBee. We have also learned that FinBee collaborates with Invega funds, which is a financial institution incorporated by the state of Lithuania, that helps fund FinBee’s business loans. This only confirms that FinBee is a legitimate platform that helps support the development of small and medium business in Lithuania.

👉 Is Peer-to-Peer Lending Safe?

Potential Red Flags

  • FinBee reserves the right to amend any terms and conditions without prior notice
Learn more about possible red flags here.

FinBee’s Usability

FinBee is undoubtedly amongst the Baltics’s most user-friendly P2P lending platforms.

Greater Control

In order to invest on competitor platforms like Mintos, Bondora or Robocash, users need to use specific automated strategies to be as time-efficient as possible. Due to the lack of available loans, certain platforms often don’t give the user full control of their investments. Meaning, even though you define your investment parameters, you might often experience a temporary cash drag.

You’ll be pleased to hear that FinBee is different. As an investor on FinBee, you have greater control over your investments, and you can invest manually or use the AutoLend feature to automate your investments in consumer loans.

FinBee’s Loan Description

When writing our P2P reviews, we often struggle to find all the relevant information about loans. FinBee makes it very easy to gather this data. FinBee users can easily learn about the loan and borrower details as well as the borrower’s financial situation and bids by other investors.


Finally, FinBee gives desktop users a great experience, however, those hoping to use FinBee on mobile might be easily overwhelmed by the amount of data presented on your screen.


FinBee, as with many other platforms, allows you to automate your investment strategy. With FinBee’s AutoLend tool, you can choose between three pre-defined portfolio strategies based on your risk profile.

FinBee, as with many other platforms, allows you to automate your investment strategy. With FinBee’s AutoLend tool, you can choose between three pre-defined portfolio strategies based on your risk profile.

AutoLend only works with consumer loans. If you wish to invest in business loans, you need to do so manually.

finbee autolend


We couldn’t write a FinBee review without mentioning the platform’s liquidity. This is because, when investing money, you as an investor should be aware of how long it’s going to take you to withdraw your funds.

With FinBee, you have two options:

  • Wait until the end of the loan period (which can be up to 60 months!)
  • Sell your investments on the secondary market
There is also a third option, in which the borrower pays back the loan earlier as anticipated, however, this situation rarely occurs.

Secondary Market

FinBee’s secondary market is very easy to navigate. It looks almost exactly as the primary market, where you invest in loans manually. There is, however, a little more information, such as the current loan status and the discounted or premium price.

If you are interested in investing on the secondary market you can also use the advanced search and filter the data based on a variety of factors.

Sellers on the secondary market will need to pay a 1% fee to FinBee. Additionally, there is a high chance that you will need to sell the loan at a discounted price, which will naturally lower your returns.

finbee secondary market

FinBee’s Customer Support

FinBee's customer support has significantly improved in the last few months. While in the beginning of 2020 we had to wait more than a week to receive an reply. As of April 2020 FinBee's support gets back to us within two business days.

FinBee and Taxes

Lithuanian residents that exceed an annual interest of more than €500 will be taxed differently to those outside the country.

FinBee will submit residents’ information to the State Tax Inspection of Lithuania and tax at a rate of 15% from their interest payments.

For residents outside of Lithuania, the platform deducts tax every time investors receive interest. If you’re living in a country that has a valid double taxation avoidance treaty with Lithuania, you can apply for the reduced personal income tax rate. Simply get in touch with FinBee to find more.

FinBee vs. Savy

Many investors are looking for a comparison between FinBee and the biggest Lithuanian competitor, Savy. After only making a quick comparison, these platforms seem to be very similar, however, there are some differences that you should be aware of.

Number of investors:+ 15,000+ 26,000
Min. investment amount:€5€5
Protection scheme:Personal GuaranteeProvision Fund
Average interest:18%23.29%
Features:Auto InvestAuto Invest
Countries you can invest in:11
Number of loan originators:11

Protection Schemes

While FinBee doesn’t offer protection over your investment, Savy gives you the choice to invest with a buyback guarantee (also known as the insurance fund).

This means that when investing on Savy, you can choose to receive 10% fixed interest on your investment with the 90-day buyback guarantee, or you take the risk and hope that the borrower pays back the full amount.

Some of the loans on Savy are also secured by a first-rank mortgage which isn’t the case with FinBee loans

Easy of Use

Savy seems to offer very competitive conditions. There is, however, a lot about the platform that could be improved. Savy’s user interface is very outdated, which makes it pretty visually unappealing.

If you happen to be an international P2P investor, FinBee is fully translated in English while Savy’s English version of the website isn’t complete.

FinBee Review Summary

FinBee is an interesting alternative for Lithuanian investors that don’t want to invest on other Baltic P2P lending platforms.

Great Usability

The platform is easy to navigate and the investment process straightforward. With features like AutoLend and the secondary market, FinBee can easily compete with other popular lending platforms popular P2P lending platforms such as Bondora or Mintos.

Aimed at Lithuanian Market

FinBee is definitely aiming to dominate the Lithuanian market, however, at the moment there aren’t many reasons for investors outside of Lithuania to use the platform. While the average interest is an encouraging metric, investors should keep in mind that there is no buyback guarantee which makes it hard to predict future returns. Furthermore, FinBee is withholding taxes from your interests which lowers the net return.

If you are an investor based outside of Lithuania, the only reason you should consider investing on FinBee is to improve diversification and spread your investments across Lithuanian business and consumer loans originated directly by FinBee. With a minimum investment of only €5 per loan, FinBee makes it easy to diversify your portfolio even with a few hundred euros.

Finbee has stopped the collaboration with P2P Empire as the P2P platform is not interested in acquiring new investors.

Ready to compare other options?


What’s the average interest on FinBee?

The average interest on FinBee is around 18% per year. Investors should be aware, however, that, because there is no buyback guarantee and returns are unpredictable, this sum varies with each investor.

How is my investment secured on FinBee?

There is no protection scheme in place on FinBee. Individual business loans might be protected by a personal guarantee, however, you shouldn’t expect to see any collateral or mortgages as investment securities.

Is there an Auto Invest tool on FinBee?

With FinBee’s AutoLend, you choose your preferences and automate your investment strategy.

What’s the minimum investment amount on FinBee?

You can start investing in loans from as small as €5, which makes it very easy to diversify your portfolio and minimize the risk.

Company Information
Company:FinBee UAB
Address:Šv. Ignoto 5, Vilnius, Lithuania
Phone:+370 (5) 219 9529
Live Chat:Yes
Opening Hours:Weekdays from 8AM to 8PM
Social Media:Facebook, LinkedIn