Monefit SmartSaver Review

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:

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 backed by Lendermarket, offering the potential for annual returns of up to 9.96%, depending on the lock-up period you choose. In this review, we’ll take a closer look at how Monefit operates, its features, and the potential risks, helping you determine if it’s the right investment option for your portfolio

What's Our Opinion Of Monefit?

The platform’s terms and conditions offer little to no protection for investors. Some clauses are quite unreasonable, especially when compared to other platforms, similar to the issues Lendermarket had with its T&Cs when it first launched in 2019.

While the product itself could be appealing, especially with its promise of high returns, the platform fails to provide transparency regarding fund allocation or any form of guarantees—leaving investors in the dark.

A 9.96% interest rate on an investment essentially operating as a "black box," paired with the promise of high liquidity, may not present the best risk-return balance.

That said, the platform’s simplicity and liquidity are its main selling points, potentially attracting investors interested in the advertised yield, though it's important to note that this return is far from guaranteed.

Monefit also promotes withdrawal times of up to ten days, which could be a key factor for those seeking easier access to their funds.

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 created to target inexperienced and less-informed investors, making it an unsuitable option for those seeking well-structured and transparent investment opportunities. Due to the platform's lack of clarity, questionable terms, and absence of guarantees, we do not recommend Monefit to our readers.

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.

Usability

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.

Liquidity

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.

Support

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

Esketit is one of the most reliable P2P lending platforms in 2025, 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.

Fintown

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.