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Available for EU residents

Monefit SmartSaver Review

Updated | 09. May 2024

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Available for EU residents
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not secured
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Creditstar is not able to fulfill its obligations towards investors.

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Tested Platform
  • Powered by Creditstar

  • No protection for investors

  • No performance-oriented data

  • "Black box" type of investment

Risk & Returnnumber of stars
Usabilitynumber of stars
Liquiditynumber of stars
Supportnumber of stars
checked iconCashback
closed iconBuyback Guarantee
closed iconAuto Invest
closed iconSecondary Market
closed iconRegulated
Min. Investment 10
Loan Originators1
Loan Period in Months1 - 1
Loan TypeConsumer


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Year founded:


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Investors' earnings:

Not available

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Outstanding portfolio:

€ 15M

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Loss of investors' money:

Not available

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Number of investors:

Not available

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Average portfolio size:

Not available

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Funds in recovery:

Not available

    Table of contents

Table of contents

Monefit SmartSaver Review Summary

Monefit SmartSaver is a newly launched platform that aims to raise additional funds for the troublesome lending group Credistar. Credistar systematically delays repaying investors, which increases the risk and lowers the liquidity.

Main Takeaways From Our Monefit Smartsaver Review:

  • No transparency
  • No performance-oriented data
  • Recently launched platform
  • Made for "uneducated" investors

Due to Credistar's failure to fulfill its obligation to investors, we don't suggest using Monefit SmartSaver, as the risk and return ratio isn't correct.

What Is Monefit SmartSaver?

Monefit SmartSaver is an investment product developed by Creditstar and supported by Lendermarket.

This tool promises up to 9.96% interest annually, depending on your desired lock-up period.

In this Monefit review, we will dive deeper into the platform so you can decide whether an investment in Monefit is worth it.


  • Easy to use
  • Fixed return
  • Loans from an audited finance group
  • Somewhat higher liquidity


  • No securities
  • No transparency
  • €50 minimum withdrawal amount
  • No performance-oriented data
  • "black box" type of investment by an unreliable lender

What's Our Opinion Of Monefit?

The terms and conditions of the platform don't give investors any rights. Some clauses are absurd (compared to some T&Cs by other platforms), which also used to be the case with Lendermarket's T&Cs when the platform launched in 2019.

The product itself could be interesting if the platform provided insights into fund allocation or at least some guarantees. Investors don't get either.

A 9.96% interest rate on investments in a "black box" with advertised high liquidity might not be the best risk-return ratio.

The liquidity aspect and simplicity are the two main value propositions that may convince some investors to join Monefit and earn the advertised yield, which is not guaranteed.

The platform promotes a withdrawal time of up to ten days.

Bondora's Go & Grow account processes withdrawals within seconds (for smaller amounts).

Even P2P lending platforms such as  Esketit and  Robocash will likely allow you to withdraw a significant portion of your portfolio within five days, should you choose to use the secondary market.

Only time will tell whether the promised return and liquidity will sufficiently acquire investors.

However, we would not be surprised if Monefit SmartSaver somehow decides to block users' funds, as on  Mintos or  Lendermarket (through loan extensions).

We believe Monefit was launched to attract "dumb money" from uneducated and naive investors, so we don't recommend this platform to our readers. 

Monefit Bonus

Monefit offers a 2% bonus for new investors. Due to Credistar's inferior loan book performance, we don't recommend that our readers participate in any of Monefit's promotional campaigns.

Risk & Return

Depositing money on Monefit is associated with extreme risk. This platform is not a traditional P2P lending platform or a marketplace.

It's a tool that is supposed to provide additional funding to Creditstar, a lender that is not honoring its obligations towards investors.

Credistar Group may use those funds to fund their loan portfolios in various markets or fund other ventures.

Monefit's website shows that the funds will be used to fund consumer loans issued in Europe. However, it is unclear how exactly your deposits will be used.

Creditstar's Loans

Credistar Group is a well-established and audited lending group in Europe, lending money to European borrowers. The lender is active in Spain, the UK, Sweden, Denmark, Poland, the Czech Republic, Estonia, and Finland.

While Credistar reported a profit in its audited annual report for 2021, the lender's approach to fulfilling its obligation towards investors is more than "flexible."

Credistar also funds its loans through Mintos and Lendermarket. Investors who used those platforms experienced significant payment delays, where Credistar refused to pay back investors as they lacked the liquidity needed to fund its loans.

Matured investments on Mintos were moved into "pending payments," and investments on Lendermarket were extended.

This increased the risk for investors and significantly impacted their liquidity.

While both P2P lending marketplaces promote Credistar's loans with the highest rates, investors aren't happy with the lender's approach and the nonfulfillment of the buyback guarantee, which the lender promised on Mintos and Lendermarket.

The reason for Creditstar's "liquidity issues" might have been the lender's aggressive lending practices and the unexpected volatility in funding.

Poor liquidity management and aggressive premium pricing for investors are reasons to avoid investments in Credistar.

To generate more profit, the lender has to issue more loans and get more funding.

This might be why the financial group launched yet another "funding source" - Monefit SmartSaver.

Monefit SmartSaver is a simple product that will provide additional funding to Credistar. It promises at least 7% APY and a high level of liquidity. 

Investors should be informed that there is no transparency about how the deposits will be used, and they are not backed by any buyback or group guarantee.

The goal is to market this product as an alternative to Bondora's Go & Grow account, another "black box" type of investment.

Yield on Monefit SmartSaver

The investment site promotes up to a 9.96% interest rate per year. The interest will be added to your account daily. The platform also offers a 2% cashback bonus for newly registered users.

This yield is "fixed" for the time being. It's unclear whether the platform will amend the interest rate in the future.

Investors should be aware, however, that the 9.96% APY isn't a guaranteed rate and that the platform does not guarantee any specific returns, as you can learn in its terms and conditions.

By investing your money in Monefit SmartSaver, you essentially agree to invest in a company that doesn't provide insights into its loan book performance, nor does it honor the obligations towards investors on platforms like Lendermarket or Mintos.

Is Monefit SmartSaver Safe?

Investing money in a black box is never a safe practice. Even though Creditstar is a regulated and audited company, this doesn't mean investments in unsecured loans are safe.

Who leads the team?

Credistar operates the website. According to our knowledge, Kashyap Shah is the Chief Product Officer in charge of the development of Monefit.

Who owns Monefit?

Monefit is owned by the Credistar Group, whose beneficial owner is Aaro Sosaar. Creditstar Group is regulated in local jurisdictions and audited by KPMG.

Are there any suspicious Terms and Conditions?

Before you create an account, we highly encourage you to study the terms of use, so you are fully aware of your rights before depositing money.

7.8 No Specific Return

Monefit SmartSaver is very clear that the website isn't promising or providing a guarantee for a return. When depositing money on Monefit, you waive any claims against Monefit Card, the company operating the website.

monefit smartsaver

8.3 Restricting access to your account

It's important to highlight that Monefit can restrict access to your account at its discretion.

monefit review term

16.3 Liability waiver

If you decide to deposit your money through Monefit Smartsaver, based on the promoted terms and conditions, you should know that Monefit Smartsaver isn't liable for any damage or losses.

monefit p2p

12.5.3 Distribution of information about SmartSaver is forbidden

Suppose you share any information about Monefit SmartSaver you gathered on their website. In that case, you can't do so without written consent from Monefit Card (the legal entity behind Monefit SmartSaver).



The platform may change its terms and conditions by notifying you four weeks in advance.

You can review the full document here.


  • The lending group isn't honoring the repayment terms nor the buyback obligation on other P2P lending marketplaces.
  • There is no proper underlying structure behind Monefit's operation
  • Terms can be amended at any time to protect Credistar's interest


Monefit SmartSaver is extremely easy to use. After you have created your account and verified your identity, you can deposit funds to the platform.

There is no further action required from your end. The website offers a basic dashboard for a quick overview of the deposited amount and the interest rate.

You can also access account statements, an excellent tool for insights into your interest payments.

The platform doesn't withhold any taxes from you. You have to report your earnings to your local tax authority.


Monefit promises to process withdrawals within ten days. This may or may not be honored.

Additionally, payments can be delayed by one to three business days, depending on the time of your withdrawal request, bank holidays, and the bank receiving the funds.

However, we have not tested this feature as the risk and return ratio on Monefit is incorrect.


As Lendermarket supports this platform, you can expect the same quality of answers.

The platform offers a basic FAQ page to learn more about the service.

Additionally, you can use Live Char or their email to reach out with concrete questions.

Monefit SmartSaver Alternatives

Monefit SmartSaver is a simple investment product for uneducated investors. Unfortunately, there is not much information about how your funds are used.

If transparency is an essential criterion for you, you should consider some alternatives instead.


Esketit is one of the most reliable P2P lending platforms in 2024, offering up to 12% annual interest. If you want to invest on a transparent and legitimate platform that offers investments in loans from audited lenders, Esketit is a good fit for you.

The platform pays out interest every month, and with Esketit's investment strategies, you can withdraw your money within just a few hours during normal market conditions. Esketit offers, on average, 3% interest more on your money.

Use our compound interest calculator to determine how much you will make with Esketit. To learn more about this platform, read our Esketit review.


One of the most exciting features of Monefit SmartSaver is the compounding interest, which is added to your account daily. Fintown also adds a compounding interest to your account, but you can access it only at the end of the month.

The Czech-based platform offers between 8% and 12% interest on your investments that are being used to fund rental units in the city center of Prague. As an investor, you know exactly how your funds are being used.

Additionally, you can generate more interest on Fintown than with Monefit SmartSaver. Learn more about this unique platform in our Fintown review.

Income Marketplace

The Income Marketplace could be an excellent alternative if liquidity isn't your most important criterion.

The Estonian-based platform offers up to 15% interest on loans in Asia or America. Investing in Income Marketplace requires you to commit your funds for at least one month, as no secondary market is available.

Income Marketplace pays higher interest rates than Monefit. Your funds are backed by a buyback guarantee, which isn't the case with Monefit SmartSaver, which offers no securities. Learn more about Income in our Income Marketplace review.



Jakub Krejci




Jakub Krejci, the founder of P2P Empire, brings six years of expertise in navigating and investing across diverse P2P lending platforms. Drawing insights from over 50 interviews with industry CEOs and founders, Jakub offers a unique perspective in the peer-to-peer lending realm. Renowned for his high-quality reporting and regular updates, Jakub stands as a trusted authority for individuals navigating the dynamic P2P investment landscape.

Editorial Note: We earn a commission from partner links on P2P Empire. Commissions do not affect our editors' opinions or evaluations of products.

FAQ About Monefit SmartSaver

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What is Monefit SmartSaver?

Monefit SmartSaver is a P2P lending platform that allows you to invest in loans from Creditstar at a 7% interest rate.

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Is Monefit SmartSaver legit?

Monefit SmartSaver is a product from Monefit Card, an Estonian financial company operated by the Creditstar Group. The company is not regulated but has to follow local laws. The terms and conditions of Monefit SmartSaver are protecting the company's interest.

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Is Monefit SmartSaver safe?

Monefit SmartSaver is an investment product for uneducated investors who prioritize simplicity and liquidity over safety. Monefit SmartSaver doesn't share how the funds will be used, which increases the risk for investors.


  • Company:
  • Monefit Card OÜ
  • Legal Address:
  • Harju maakond, Tallinn, Lasnamäe linnaosa, Sepapaja tn 4, 11415
  • Office Address:
  • Harju maakond, Tallinn, Lasnamäe linnaosa, Sepapaja tn 4, 11415
  • Email: