LANDE Review 🎖️ Is Lande Safe?

Last update | 25. May 2022

Earn on average 11.36% interest per year.
Your investment is secured by  a commercial pledge.

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  • Invest in Loans Backed by Grain
  • 37.5% Average LTV
  • Individual IBAN Account
  • Agricultural Loans
Risk & Return
Buyback GuaranteeNo
Auto InvestYes
Secondary MarketYes
Min. Investment 2
Loan Originators1
Loan TypeBusiness
Loan Period in Months3 - 25
Interest10% - 13%
  • New and unique product
  • Lower average LTV
  • Transparent platform
  • Limited diversification
  • Short track record
  • Not regulated
Risk & Return
Due Diligence


19 May 2022  

LendSecured has rebranded to Lande.

09 Mar 2022  

LendSecured released the following statement in connection to the war in Ukraine: "We don’t have clients from Ukraine, Russia, or Belarus, so at the moment we don’t see any impact on the lending business. "

01 Dec 2021  

LendSecured has launched its Auto Invest feature.


Year founded:


Number of investors:


Investors' earnings:

Not available

Average portfolio size:

Not available

Total invested:

€ 2M

Loss of investors' money:

Not available

Funds in recovery:

Not available

LANDE Review

LANDE (formerly LendSecured) is a newly launched platform that offers you the chance to invest in agricultural loans backed by grain for a return of 12% per year. Investing in asset-backed loans with a maximum LTV of 60% sounds like a dream right?

In this LANDE review, we will dive deeper into various aspects of agricultural loans so you can better evaluate whether LANDE is a good fit for you.

lande review

We were wondering how LANDE works? Watch our LANDE review.

LANDE in Numbers

Despite being a new platform with relatively low loan volumes, the platform does provide a statistics page, where you can track the performance and review some of the relevant numbers.

The platform hasn't yet been operating for a full year, which means that the audited financial reports will be available for 2021 sometime in mid-2022.

LANDE does, however, provide an unaudited profit and loss statement for the company Secured Finance MGMT which you can review in the statistics section above.

LANDE Referral Code

When signing up to LANDE , you can type in an optional LANDE referral code HNFWI1Y. This code will give you access to an additional bonus of 1% for each investment within 90 days after your registration.

We have, however, negotiated a better deal. By not using the LANDE referral code, you can simply sign up with our link and get a 1% bonus on your investments within 180 days from your registration.

This is a better deal as your portfolio will grow over time and the bonus will too. If you are keen on investing in high-yielding agricultural loans backed by grain, click on the button below to redeem your bonus.

Ready to get your LANDE bonus?

LANDE New User Requirements

In order to invest in agricultural loans, you have to have citizenship in one of the countries within the European Economic Area (EEA). Another requirement is to have a SEPA bank account.

Further requirements are:

  • Be over 18 years old
  • Fill in the KYC questionnaire
  • Provide a photocopy of your passport or driving license and proof of address.

The verification process on LANDE is extensive as the platform requires you to upload three documents in order to verify your identity.

You have to verify your email address, add contact information, and a copy of your ID, but you are also requested to provide a copy of your passport or driving license as a residence permit.

Risk and Return

Investing in agricultural loans is certainly not risk-free. Typically, those loans are either backed by heavy machinery, land, or even crops.

LANDE is focusing on funding mainly grain-backed loans from Latvia.

The loans on LANDE are typically smaller in size. The loan amount ranges between €4,000 and €20,000 with a loan term of  4 to 15 months and a Loan-to-Value ratio between 10% and 58%.

The average LTV is currently at 37.15%.

When accessing the credit risk of individual loans, LANDE uses internal guidelines that include the following variables:

The creditworthiness of the borrower

  • Reputation on the grain market
  • Farming experience
  • Credit history
  • Tax debt
  • AML & KYC
  • Registered commercial pledges
  • Ability to repay the loan according to financial ratios (liquidity, leverage, profitability, capital)


  • Planned harvest
  • Previous harvest
  • Grain price
  • LTV

LANDE is also evaluating various conditions such as the purpose of the loan which needs to be relevant to the farming business (working capital or purchase of machines or land).

In cases where the loan is backed by land or real estate, LANDE provides an appraisal report from an independent evaluation company. Like on other platforms, those reports are not translated into English.

LANDE also informed us that the platform currently receives 700 to 1000 loan applications per month of which only 5% to 6% are considered. Those projects are then further evaluated and if they match LANDE 's criteria, they are placed on the platform.

Grain Buyers

Grain buyers play an important role when it comes to the protection of investors' investments. LANDE signs a 3-way agreement with the borrower as well as the grain buyer, where the amount of sold crop and the price is agreed upon in advance.

Thanks to this 3-way agreement, the purchase of the grain will be first used to repay the loan before the farmer receives the remaining amount for the sale of the harvest.

LANDE informs investors that the platform signs those types of agreements only with reputable grain buyers with a track record of more than 5 years.


In addition to the above-mentioned protection scheme, 92% of the crop is insured against storms, hail, or heavy rainfall that could destroy the crop. This further increases the quality of the collateral.

When it comes to the return, most of the loans generate a yearly yield of 11% to 12%, depending on the borrower's credit risk.

The majority of the loans are bullet loans, which means that the borrower pays out the interest on a monthly basis, but the loan principal at the end of the loan term, when the harvest is sold to the crop buyer.

Project Overview

Every project description provides you with some basic information about the characteristics of the loan including the loan amount, term, and interest rate.

LANDE will also inform you about the borrower, the purpose of the loan, and the value of the collateral.

While LANDE doesn't provide specific risk evaluation reports for projects that are backed by grain, you have access to some of the data they use to estimate the risk and price of the loan.

lendescured review 2022

Is LANDE Safe?

When investing on any P2P lending platform, it's crucial to review the background as well as the experience of those who run the company.

Who Runs the Company?

LANDE is a brand of Secured Finance MGMT that Ņikita Gončars and Edgars Tālums own.

Nikita is also the co-owner of the company called SIA Latvijas Hipotēka which has received bad press in some of the media outlets in Latvia. The company was accused of unfair practices. We have reached out to Nikita for a comment. The company used the service to restructure high-interest payday loans and was successful in 90% of the deals. In cases where clients were not able to repurchase their houses, fair compensation was paid out. The service is not provided since 2018 and is not planned for the future. The media coverage is a result of organized competitor blackmail.

The CEO expanded on that topic and provided more clarification during our visit to Lendermarket's office in Riga.

Are there any suspicious Terms and Conditions?

It is important to review and understand the terms and conditions and evaluate the risk that you are taking by using a dedicated P2P platform.

Storage of Funds

LANDE offers a personal Virtual IBAN number for every user that signs up on LANDE .

These accounts are stored at BNP Paribas and operated by the payment institution LemonWay. The beneficiary of all payments is LemonWay which executes the payments between investors and borrowers.

This is a better setup than transferring money to the platform's accounts which is then allocated to the investors' accounts.


LANDE does not specify in their T&Cs the number of days prior to which you are notified about upcoming changes to terms and conditions. LANDE itself informed us that you will receive an automatic email, once the changes of terms are made.

Loan Agreements

LANDE offers you the opportunity to review a loan agreement template before registering on the platform. As soon as you invest in a project, the loan agreement is generated automatically and you are able to review it in your "Portfolio" section.

Potential Red Flags

  • LANDE may amend the T&C without prior notice.
Learn more about possible red flags here.

What's Our Opinion About LANDE ?

LANDE does a lot of things right. It provides a dedicated statistics page with some basic financial information.

The implementation of the virtual IBAN accounts for its users is also a good feature that will protect your uninvested funds.

Since the platform is rather new, investors cannot evaluate the long-term performance of LANDE 's loan book as is the case on EstateGuru.

Investing in loans that are backed by crop which is insured provides a very good risk and return ratio. The platform is also signing a three-way agreement with the crop buyers to ensure that the crop will be sold (we have not reviewed those agreements).

The statistics page could include some additional information about the performance of the entire loan book. LANDE could replace the featured images for the listed projects with real photos, which would make the offers more authentic.

While there is certainly room for improvement, the platform does make a solid impression for a newcomer in the crowdlending space.

The CEO and his team made also a very good impression on us during our visit to LANDE 's office in Latvia. The CEO is very receptive to feedback, which means that the platform will only improve in the future.

Keen to try out LANDE yourself?


LANDE is a rather easy-to-use platform. You can get a quick overview of your portfolio performance with basic information such as the earned interest, your bo, and the number of current vs delayed projects.

Auto Invest

LANDE has also launched an Auto Invest, a tool that allows you to automate your investments based on your preferences.

On LANDE , you have the option to use the "basic" auto invest which allows you to simply define the minimum investment amount or use the "advanced" auto invest with slightly more options.

lendsecured auto invest

If you are new to LANDE , it's also a good practice to manually invest in a few loans to get a feeling for how the platform works.

This gives you an opportunity to review some additional information about the borrower, loan terms, and collateral.

The platform uses stock photos for some of their project descriptions, which is something that could be avoided to better represent the collateral.

You can currently start investing from €50 on the primary market and from only €2 on the secondary market.

How Fast Can You Withdraw Your Money?

Liquidity is certainly something that you should keep in mind when investing in loans.

LANDE offers a secondary market and to our knowledge, the trading volumes on the secondary market in the past three months accounted for €146,000.

The trading volumes on the primary market for the same time period accounted for €187,800.

While we have not tested the secondary market, you will be able to exit your investment before the end of the loan term.

Customer Support

We have exchanged a few emails with LANDE , and the CEO was able to answer our questions within two to three business days. The quality of the answers was sufficient.

If you have any questions you can reach out to LANDE directly at info@LANDE .eu.

LANDE Review Summary

LANDE is a smaller P2B platform that offers investment opportunities into agricultural loans from Latvia. The loans are secured by either land, crop, or real estate, which decreases the default risk. LANDE is suitable for you if you are looking for a higher yielding investment with a lower risk.

Main takeaways from our LANDE review:

  • VIBAN accounts for increased protection
  • Secured agricultural loans
  • Newly launched platform
  • Unique protection mechanism

Happy to invest in secured loans from Latvia? Sign up, invest and get yourself a 1% bonus from your investments within the first 180 days.

Ready to join LANDE ?


What's the minimum investment amount on LANDE ?

The minimum investment amount on the primary market is €50. If you decide to invest on the secondary market you can start with as little as €2. .

Is it safe to invest on LANDE ?

Investing in loans comes with certain risks. No platform is offering a risk-free investment. You should familiarize yourself with the potential risks and evaluate whether the offered reward is worth the risk.

Is LANDE regulated?

The LANDE platform is currently not regulated by any authority.

Who is LANDE suitable for?

LANDE is suitable for experienced investors who are aware of the risks and are able to evaluate individual projects. LANDE could be an alternative to real estate loans on EstateGuru.

Company Information


Secured Finance MGMT LTD


Bukultu iela 11, Riga, Latvia


+371 20119481


Live Chat:


Opening Hours:

Weekdays from 8:00 - 17:00

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