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Moncera Review

Earn on average 12% interest per year.
Your investment is secured by a buyback guarantee.

Highlights
  • Invest in Placet Group loans
  • Earn up to 12% per year
  • High availability of loans
  • One-click exit option
Rating
Risk & Return
Usability
Liquidity
Support
FEATURES
Buyback GuaranteeYes
Auto InvestYes
Secondary MarketNo
CashbackNo
PromotionsNo
DIVERSIFICATION
Min. Investment€10
Countries2
Loan Originators5
Loan TypeConsumer
Loan Period1 - 72 months
Interest7% - 12%
PROS & CONS
  • 30-day buyback guarantee
  • Established loan originator
  • Fast liquidity
  • Newly launched P2P marketplace
  • Higher risk investments
  • No track record
_News
_Statistics
_Promo
_Risk & Return
_Due Diligence
_Usability
_Liquidity
_Support
_Summary

Moncera Overview

Moncera is a small P2P lending marketplace that lists loans from the finance group Placet Group. Currently, over 1,600 investors are investing in loans from five lenders in Estonia and Lithuania. A 30-day buyback guarantee secures your investment, and you will earn around 12% interest per year. Curious to find out whether Moncera is a good fit for you? Find out more in our Moncera review.

moncera review

⭐ Learn more about our rating criteria

Moncera News

Last update: 14/09/2020
  • 14/09/2020 - We have currently no news from Moncera

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Moncera in Numbers

Moncera has just launched its services in spring 2020, so the amount of statistical data is somewhat limited.

Let’s have a look at what Moncera is presenting so far.

Moncera Statistics
Year founded:2020
Investor's earnings:+ €15,000
Total loan value:+ €2.2 M
Amount of investors:+1,600
Loss of investor's money:0%
Average portfolio size:€4,000
Latest financial report:Report for 2019

According to the latest data we have received from Moncera’s CEO Dmitri Pavlov currently, investors have earned just about €15,000 in interest. The total amount of funded loans exceeded €2 M.

We have also learned that the Placet Group, which has been operating since 2007, made a profit of €3.1 M in 2019. You can verify this information by clicking on the link in the table above.

Apart from this information, there’s not much to go with. The platform is still relatively new, and it does not have a dedicated statistics page yet. The only additional data you can retrieve from Moncera is the loan volume of currently available loans.

Placet Group is currently also listing loans on Mintos with slightly lower interest. The lending company is rated by Mintos with A+ to B+.

Moncera Bonus

Unlike other P2P lending sites, Moncera does not offer any cashback bonuses or referral codes for new investors, which would pay out a bonus for newly signed users. If you are interested in platforms that provide an additional investment boost, head over to the P2P lending cashback section.

Moncera Requirements

To be able to invest on Moncera, you need to fulfill the following requirements:

  • Be over 18 years of age
  • Reside within the European Economic Area
  • Have a bank account with the European Economic Area in EUR
  • Have a valid ID

The registration is straightforward. You simply type in your name and email address, confirm the verification email, and verify your identity by uploading a copy of your ID document within your Moncera account.

The registration is straightforward. You simply type in your name and email address, confirm the verification email, and verify your identity by uploading a copy of your ID document within your Moncera account.

No EUR bank account? No problem

  • Open a free N26 bank account
  • Open a free TransferWise bank account

Want to start earning money with Moncera?

Risk and Return

Moncera is a newly launched P2P lending site, and as with any new P2P platforms, the risk is significantly higher than with established players.

You should be very careful and conduct your own research about the team, terms and conditions and verify Moncera’s claims before signing up and investing.

On Moncera, you are investing in unsecured consumer loans originated by licensed Estonian and Lithuanian lending companies.

Buyback Guarantee

Moncera offers a 30-day buyback guarantee on your investments, which is covered by the lending company. You will also receive accrued interest and penalty fees if the borrower is late with its payment.

In addition to that, the buyback guarantee is extended by a group guarantee from the Placet Group. This means that in case the lending company won’t be able to cover the defaults, the financial group will step in and repay the investors’ money.

This is a very similar setup as offered by VIAINVEST.

Loan Originators

The Placet Group operates all lenders. However, in Lithuania, Placet Group runs its business via a subsidiary called Nordecum UAB, which made a profit of €227,751 in 2019. Back in 2018, the Lithuanian subsidiary made €866,656 in profits. From this report, we can see that Lithuania’s sales revenue has decreased significantly between 2018 and 2019.

As an investor, you should follow up on the financial statements of lending companies as those are the ones covering the buyback guarantee. From the consolidated financial report, we can learn that the Estonian market is the driving force behind Placet Group’s success.

If you want to learn more about the financials, head over to the loan originator’s page on Moncera.

On Moncera, you can currently invest in the following lending companies:

  • Smsraha
  • Laen.ee
  • Smsmoney
  • Smspinigai
  • paskolos.lt

Is Moncera Safe?

Moncera is a new P2P lending site, which is why you should take extra time to learn about the team, the terms and conditions, and conclude for yourself whether Moncera is a fit for you.

This process should not be overlooked due to fraudulent platforms in the past.

So let’s have a look at the results of our own due diligence on Moncera.

Who Leads the Platform?

Moncera is owned by the founders Dmitri Pavlov and Aleksei Telitsyn.

  • Dmitri has previous experience working for Creditstart (loan originator) and Placet Group. He is currently the CEO of Moncera.
  • Aleksei is responsible for the IT development of the platform. According to his LinkedIn profile, he has around 20 years of experience in developing IT systems.
Both gentlemen have a relatively small following on LinkedIn. Considering that their team at Moncera is just about four people, we find it a bit off to use terms like CEO or CIO, which might leave you with the impression that they lead a huge team.

Are there Any Suspicious Terms and Conditions?

Let’s have a look at Moncera’s terms and conditions, and if we can spot any red flags.

Storing your Funds

When transferring funds to your Moncera account, you send money to Moncera’s bank account, which will then be allocated to your investor account.

moncera funds

Moncera stores your money in a separate account but does not provide dedicated IBAN accounts as NEO Finance does.

Liability

Moncera is not liable for any losses you might suffer from investing in loans on this P2P lending platform.

moncera liability

This is the case with any P2P lending site, and we can’t stress it enough. You should first get familiar with all the risks before starting with P2P lending. You can learn more about the main risks in our comprehensive guide about P2P lending safety.

Amendments to T&C

Moncera needs to inform you about any changes to the terms and conditions 10 days before they take effect.

moncera amendments

This is a rather positive clause, considering that some P2P platforms like TWINO reserve the right to change the terms and conditions anytime.

Do you have access to individual assignment agreements?

Moncera allows you to view a template of the assignment agreement before registering and transferring funds. You can also view all of your assignment agreements within the portfolio section in your Moncera account.

Potential Red Flags

  • Short track record
Learn more about possible red flags here.

What’s Our Opinion About Moncera?

Moncera funds loans from Placet Group, which also gets funding from Mintos. Moncera’s setup is very similar to Lendermarket or Kviku Finance, which are also relatively new platforms that decided to launch their own P2P lending site.

If you are already investing in Placet Group loans on Mintos, you might get better interest on Moncera instead.

As with any new P2P lending site, the loan volumes are rather low, and the diversification is minimal.

The P2P lending site has just launched its offer in spring 2020, and the team is very small.

The promised instant liquidity should have been explained in more detail, but as of now, this promise sounds too good to be true during uncertain market conditions.

Time will tell whether Moncera will be able to attract new investors. As for now, due to the low availability of loans and the age of the platform, we have decided not to invest on Moncera.

Usability

When it comes to P2P lending, you want to invest on a P2P platform that fits your needs. You should be able to navigate your account and find all the essential information about your investments.

Moncera promises “easy” investing. And since the availability of loans on Moncera is rather low, you won’t find any fancy features that you can use to define your investment strategy, apart from an auto-invest, which is standard within P2P lending nowadays.

So let’s have a look at how it works.

Auto Invest

If you decide to give Moncera a try, you will likely end up using the auto-invest feature. This tool allows you to define some of the loan criteria so the platform can invest on your behalf as soon as new loans are available.

The auto-invest is typically a great feature to save time while investing in P2P loans.

moncera auto invest

Moncera allows you to name your strategy, define the portfolio size, the minimum amount in one loan, the interest rate, borrower rating, country, and the loan term.

What you should know is that Moncera is mainly listing long term loans of more than 12 months. If your goal is to invest short-term, you are better off by investing on PeerBerry.

As you can see in the top right corner, you can always check how many of the loans match your criteria at a given time. You will also get notified that all loans are covered by a buyback guarantee on the bottom left.

Manual Investing

If you want to invest in individual loans, you have the option to view further information about individual lenders with information about the payment schedule.

moncera manual investing

Investing manually in unsecured personal loans is rather time-consuming and, therefore, not recommended.

How Fast Can You Withdraw Your Money?

Liquidity is a major selling point for P2P investors. Typically you either wait until the end of the loan term or use the secondary market to sell your claims and withdraw your money.

On Moncera, you are funding mainly long-term loans, and there is no secondary market. Instead, Moncera offers you a one-click exit option.

One-Click Exit Explained

If you wish to exit your investments before the end of the loan period, you can sell your loans back to the lending company.

If you sell your loans within 14 days after your initial investment, you can sell them for free. Moncera refers to this period as the “cooling off” period.

If you decide to sell your loans after this “cooling period,” you will be charged a 0.5% fee from the outstanding amount of a particular investment and the accrued interest.

Accrued interest represents the interest between two interest payments. Interest payments are typically made every month. If you decide to sell the loan in the middle of the payment month, the calculated interest from the last payment date will be deducted.

All received interests since the purchase of the claim remain yours.

How can Moncera guarantee this setup?

If you are a seasoned investor, you know that these one-click options are often too good to be true.

Just look at what happened with Fast Invest or Bondora during a “bank run” when investors started withdrawing their funds.

So how can Moncera guarantee this type of liquidity?

According to Moncera, the Placet Group has a credit line agreement with a bank and the Placet’s shareholders to cover those obligations.

Additionally, Moncera claims that there’s always a buffer of 15%, which will be used in case of a “bank run.” Another interesting piece of information is that Placet Group uses all kinds of funding sources and that 50% of its portfolio is funded from its equity.

Whether Placet Group could cover all of its obligations towards investors during a “bank run” remains questionable. We would not rely on this promise as experience shows us that a “one-click-exit” option is not much more than a marketing gimmick to attract investors.

Surely, in small amounts, this system will work; however, on a bigger scale, we would not rely on it.

Customer Support

Moncera’s support is fairly responsive. We received an answer to our questions within 48 hours. If you have any questions, send an email to info@moncera.com.

Moncera's CEO is also very open to answer your questions.

Moncera Review Summary

Moncera is a new P2P lending platform that promises returns of 12% per year. Moncera offers a one-click-exit function that promises high liquidity. As the P2P lending platform was launched in 2020, the loan availability is limited. It's recommended to conduct extensive research before investing in loans on Moncera.

Main Takeaways From Our Moncera Review

  • Invest in loans from Placet Group
  • Protected by a buyback and group guarantee
  • The one-click-exit option is too good to be true
  • Short track record and low availability of loans

Moncera is suitable for risk-friendly investors who are looking for other alternatives to Mintos and other marketplaces. However, the ratio between risk, return, and liquidity is too good to be true during normal market conditions.

Keen to try out Moncera?

FAQs

Is Moncera withholding taxes?

Moncera is withholding a 20% income tax on investments from Estonian residents. If you reside in another country, you need to declare the income in your annual tax report.

Is Moncera regulated?

The Estonian Financial Intelligence Unit regulates Moncera. Note, however, that the platform is not responsible for your losses.

Are the financial reports audited?

Ernst and Young audit the consolidated financial report from the Placet Group. There is currently no financial report for the Moncera platform available.

Company Information
Company:Moncera OÜ
Address:Kaupmehe tn 6, Tallinn 10114, Estonia
Phone:+372 620 90 90
Email:info@moncera.com
Live Chat:No
Opening Hours:Weekdays from 10AM to 7PM
Social Media:None