Lonvest Review
Quick Overview
Platform Age
Launch Year
Loans Funded
Total Volume
Monthly Volume
Average Monthly
Minimum Investment
Per Loan
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Investment Focus
Short-term consumer loans from Sri Lanka (OnCredit) and Mexico (Clicredito), exclusively from loan originators within the SpaceCrew Finance group.
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Expected Returns
11-13.5% annual returns, with reports of potential returns up to 15% on certain loan types. Average reported returns of 10-11.27%.
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Safety Features
60-day buyback guarantee on all loans, plus group guarantee from SpaceCrew Finance. Lenders fund no more than 50% of their portfolios through P2P investors.
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Platform Structure
Auto-Invest only platform (no manual selection), no secondary market, no investor fees, and bullet loan structure with principal returned at end of term.
Company Background
Lonvest operates as a Croatian-based P2P lending platform under Lonvest Platform LLC, registered on March 14, 2023. The CEO and 100% owner is Roman Katerynchyk, a Ukrainian businessman with extensive experience in the lending industry.
The platform is connected to SpaceCrew Finance, a Singapore-based financial group founded in January 2020. Roman Katerynchyk owns 80% of SpaceCrew Finance, with the remaining 20% held by Cyprus-based T.A.S. OVERSEAS INVESTMENTS LIMITED, which belongs to the TAS Group founded in Ukraine in 1998.
SpaceCrew Finance operates several lending brands across multiple countries, including:
- MyCredit in Ukraine (est. 2016)
- OnCredit in Sri Lanka (est. 2021)
- ClickCredit in Ukraine (est. 2020)
- Monto in Ukraine (est. 2024)
- Clicredito in Mexico (est. 2024)
Currently, Lonvest offers loans primarily from Sri Lanka (through OnCredit) and Mexico (through Clicredito).
Standout Features
Auto-Invest only platform with automated loan allocation
Exposure to emerging markets (Sri Lanka, Mexico)
Fee-free structure with no costs for investors
Short-term loans (1 month to 1 year) for faster capital turnover
Investment Calculator
Total Investment Value
Auto-Invest Strategy
With Lonvest’s Auto-Invest only approach, your funds will be automatically allocated across multiple loans based on your selected market preference. Diversifying between both markets could help balance risk and return potential.
Our Experience with Lonvest
We've been monitoring Lonvest since its launch in March 2023 and have conducted a thorough analysis of the platform, its performance, and its offering compared to other P2P platforms in the market.
Performance Analysis
What Impressed Us
- Strong returns (11-13.5%) compared to many other P2P platforms
- 60-day buyback guarantee on all loans
- Low minimum investment (€10) making it accessible
- No fees for investors at any stage
- Easy Auto-Invest setup with simple configuration
Room for Improvement
- Very limited track record (operating since March 2023)
- No regulatory oversight or licensing
- Limited financial transparency for parent company
- Lack of secondary market for early exits
- High default rates in Mexico (15-20% for some borrowers)
Investment Approach
Unlike many other P2P platforms, Lonvest uses an exclusive Auto-Invest approach where investors cannot manually select individual loans. This means:
- You specify a maximum investment amount and preferences
- The system automatically allocates your investment across various loans
- Loans are distributed in different sizes based on the platform's algorithm
- You can select preferences for borrower countries and investment terms
- Options to reinvest income or withdraw it are available
This approach simplifies the investment process but removes granular control over specific loan selection. For investors who prefer a "set and forget" approach, this can be advantageous.
Market Exposure
The platform currently focuses on two primary markets:
- Sri Lanka (through OnCredit): Consumer loans with typical returns of 11-12%
- Mexico (through Clicredito): Consumer loans with higher returns up to 13.5%
This emerging market focus offers potentially higher returns compared to European consumer loans but comes with elevated risk levels. Mexico in particular has reported target non-performing loan rates of 15% for existing customers and 18-20% for new customers, which are relatively high compared to industry standards.
Final Assessment
Lonvest offers a simplified approach to P2P investing with attractive returns, particularly for investors comfortable with emerging market exposure. The platform's connection to SpaceCrew Finance and its experienced management team provide some reassurance, but its short track record and lack of regulation are important risk factors to consider. For investors seeking exposure to higher-yielding consumer loans and comfortable with the Auto-Invest approach, Lonvest may be worth considering as part of a diversified P2P portfolio.
Platform Safety Analysis
Key Risk Factors
- Limited track record (operating since March 2023)
- No financial services regulation or licensing
- High default rates in Mexican market (15-20%)
- Limited financial transparency for parent company
- Exposure to emerging markets (Sri Lanka, Mexico)
Regulatory Status
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Not regulated under any financial services license
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Not subject to control or supervision by financial authorities
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✓
Registered as a business entity in Croatia
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✓
Complies with AML and KYC requirements
Rückkauf-Garantie
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✓
60-day buyback guarantee on all loans
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✓
Group guarantee from SpaceCrew Finance
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✓
Principal and accrued interest covered
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Guarantees dependent on originators' financial health
Financial Stability
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✓
Backed by SpaceCrew Finance group
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✓
TAS Group investment of $3M in related company
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Limited financial transparency
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Short operational history (since 2023)
Risk Management Approach
Portfolio Diversification
Auto-Invest spreads capital across multiple loans
Risk Limitation
Loan originators fund max 50% of their portfolios via P2P
Short Loan Terms
1-12 month loans reduce long-term exposure
Borrower Screening
Internal credit scoring by loan originators
Default Rate Analysis
Understanding the default risk is crucial with Lonvest due to its emerging market focus:
- Mexico: Target non-performing loan rate of 15% for existing customers and 18-20% for new customers
- Sri Lanka: Specific default rates not publicly disclosed but likely lower than Mexico
These default rates are relatively high compared to European P2P markets, which typically see rates of 3-8%. While the buyback guarantee provides protection for investors, the high default rates indicate the riskier nature of the underlying loans.
⚠️ Important Investor Notice
Investments on Lonvest are not covered by deposit guarantee systems or investor compensation schemes. Unlike regulated financial institutions, there is no government safety net for these investments. The platform's guarantees rely solely on the financial health of the loan originators and SpaceCrew Finance group.
Platform Interface & Features
Main Dashboard
Overview of your portfolio performance and key metrics
Auto-Invest Settings
Configure your automatic investment preferences
Portfolio Breakdown
Detailed view of your investments across different loans
Account Statements
Access to transaction history and tax reports
Platform Usability
Lonvest offers a straightforward and intuitive user interface with a focus on simplicity and automation:
- Clean Dashboard: Easy to navigate with key performance metrics clearly displayed
- Streamlined Process: Simplified investment process with Auto-Invest focus
- Mobile Responsive: Works well on mobile devices though no dedicated app is available
- Language Options: Available in English with clear instructions
- Reporting Tools: Simple but functional reporting and tax documentation
The platform prioritizes accessibility and ease of use, making it suitable for both beginners and experienced P2P investors. The lack of manual loan selection simplifies the experience but may be limiting for investors who prefer more hands-on control.
Auto-Invest System
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✓
Exclusive auto-allocation of investments
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✓
Country and term preferences available
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✓
Automatic reinvestment options
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✓
Easy setup with minimal configuration
Investment Structure
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✓
"Bullet loan" payment structure
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✓
Principal returned at end of term
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✓
Regular interest distributions
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✗
No secondary market for early exits
Reporting Tools
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✓
Transaction statements
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✓
Tax reporting documentation
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✓
Portfolio performance tracking
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✓
Downloadable reports
Auto-Invest System Details
Since Lonvest exclusively uses an Auto-Invest approach, understanding how it works is essential:
Set Investment Amount
Specify the maximum amount you want to invest (minimum €10).
Select Preferences
Choose country preferences (Sri Lanka, Mexico, or both) and preferred loan terms.
Set Reinvestment Options
Decide whether to automatically reinvest income or withdraw it to your account.
Automatic Allocation
The system automatically distributes your investment across multiple loans in various sizes.
💡 Auto-Invest Benefits
- Hands-off investment management
- Automatic diversification across multiple loans
- No need to constantly monitor new loan listings
- Simplified reinvestment process
- Reduced risk of cash drag with automatic deployment
User Experience & Reviews
User Feedback
"Lonvest offers an easy way to access emerging market consumer loans with good returns. The Auto-Invest feature makes everything simple. My only concern is the lack of a secondary market for early exit options. Otherwise, payments have been consistent, and the 60-day buyback has worked when needed."
"I've been using Lonvest for 6 months and I'm happy with the returns (around 12.5% so far). The platform is very straightforward to use and I like that there are no fees. The minimum €10 investment makes it accessible for testing. I've had no issues with payments or the buyback guarantee."
"The returns are attractive, but I'm concerned about the regulatory status and limited track record. The platform works well technically, but I'd feel more comfortable with more transparency around the financial health of the loan originators. I'm keeping my investment small until they have a longer history."
What Users Like
- Attractive returns compared to many European P2P platforms
- Simple and intuitive platform interface
- No investor fees at any stage
- Low minimum investment (€10)
- Reliable payment of interest and principal
- Functional buyback guarantee with 60-day trigger
Common Concerns
- Limited track record and operational history
- Lack of regulatory oversight
- Absence of secondary market for early exits
- Limited transparency around loan originators' finances
- Higher default rates in the Mexican market
- Exposure to emerging market currencies and economies
Customer Support
Lonvest offers customer support through multiple channels:
- Email Support: Available for general inquiries and account issues
- Online Help Center: Documentation and FAQs
- Response Time: Typically 1-2 business days
Based on user feedback, the customer support is responsive and helpful for common issues, though response times may vary during busy periods. The platform's help documentation covers most common questions related to account setup, investing, and withdrawals.
Getting Started
Create Your Account
Register with your email address and create a secure password. The initial registration process is quick and straightforward.
Complete KYC & AML Verification
Complete the required questionnaires and verify your identity through the platform's KYC process.
Add Funds
Transfer funds to your Lonvest account via bank transfer from an EU-based institution.
Set Up Auto-Invest
Configure your Auto-Invest preferences including amount, country focus, and reinvestment options.
Eligibility & Requirements
To invest on Lonvest, you must meet the following criteria:
- Age Requirement: At least 18 years old
- Residency: Reside in the European Economic Area (EEA), UK, or Switzerland
- Documentation: Valid government ID and proof of address
- Bank Account: Access to an EU-based bank account for transfers
For deposits exceeding €10,000, additional verification regarding the source of funds is required.
Deposit Options
Currently, Lonvest accepts deposits through the following methods:
- Bank Transfer (SEPA): The primary method for deposits
- Processing Time: Typically 1-2 business days
- Minimum Deposit: €10 (same as minimum investment)
- Fees: No fees charged by Lonvest (bank fees may apply)
Deposits are only accepted from credit, payment, or e-money institutions based in the European Union or countries with comparable AML systems to EU standards.
Tips for First-Time Investors
- Start Small: Begin with a modest amount (€100-500) to test the platform
- Understand Auto-Invest: Take time to understand how the Auto-Invest system allocates your funds
- Consider Diversification: Select both markets (Sri Lanka, Mexico) for better risk spreading
- Monitor Performance: Regularly check your account to track returns and buybacks
- Tax Documentation: Keep records of all statements for tax purposes
Market Comparison
Platform Comparison
| Feature | Lonvest | Robocash | Viainvest | Esketit |
|---|---|---|---|---|
| Maximum Returns | 13.50% | 13.00% | 11.00% | 12.00% |
| Minimum Investment | €10 | €10 | €10 | €10 |
| Sekundärmarkt | ✗ | ✓ | ✓ | ✓ |
| Auto-Investieren | ✓ Only option | ✓ Optional | ✓ Optional | ✓ Optional |
| Regulation | ✗ None | ✗ None | ✓ Licensed | ✗ None |
| Rückkauf-Garantie | 60 Tage | 30/60 days | 30 Tage | 60 Tage |
| Platform Age | Since 2023 | Since 2017 | Since 2016 | Since 2020 |
Top Alternatives
Robocash Most Similar
- ✓ Croatia-based with Singapore parent
- ✓ Secondary market available
- ✓ Longer track record (since 2017)
Viainvest More Regulated
- ✓ Licensed investment firm
- ✓ Investor protection up to €20,000
- ✓ Manual and auto-invest options
Esketit More Established
- ✓ Longer track record (since 2020)
- ✓ Active secondary market
- ✓ Both manual and auto-invest
🔍 Lonvest's Unique Approach
- Auto-Invest only platform with no option for manual selection
- Focus on emerging markets (Sri Lanka, Mexico) for higher returns
- Integration with SpaceCrew Finance's lending companies
- No secondary market, focusing instead on shorter loan terms
- Newer platform (est. 2023) still building track record
Tax & Reporting
Tax Considerations
Interest income from Lonvest investments is considered investment income and must be reported on tax declarations. Unlike some other platforms, Lonvest does not withhold any taxes on interest earned by investors.
Income Classification
- • Interest income from P2P investments
- • Typically taxed as capital gains or investment income
- • Tax rates vary by country of residence
Withholding Tax
- • No automatic withholding by Lonvest
- • Full responsibility for tax declaration
- • Investors must self-report all earnings
International Considerations
- • Tax declarations required in country of residence
- • No double taxation issues (no withholding)
- • Consult local tax advisors for specific guidance
Tax Documents
Account Statements
Comprehensive statements showing all account activity, including investments, interest payments, and withdrawals. Available for download in PDF format.
Tax Report
Find this in the "Statement" tab in the main menu under the "Tax Report" category. Provides all necessary information for tax filing purposes.
Annual Summary
Year-end summary of all earnings, showing total interest received and investment performance for the tax year.
Tax Reporting Process
To access and download tax documentation from Lonvest:
Log into your account
Access your Lonvest dashboard with your login credentials.
Navigate to "Statement" tab
Find this in the main menu navigation.
Select "Tax Report" category
Choose the appropriate tax report document.
Download documentation
Save the documents for your tax filing and record-keeping.
Tax Efficiency Tips
- Regular Reporting: Download statements quarterly to maintain accurate records
- Separate Accounts: Consider using dedicated accounts for P2P investments to simplify tracking
- Professional Consultation: Consult with a tax professional familiar with P2P investments
- Record Keeping: Maintain records of all transactions, statements, and tax reports
- Country-Specific Rules: Research the specific tax treatment of P2P income in your country
Final Verdict
Key Takeaways
- Attractive returns (11-13.5%) but with higher risk profile in emerging markets
- 60-day buyback guarantee on all loans with SpaceCrew Finance group backing
- Simple Auto-Invest only approach with no manual selection
- Limited track record (operating since March 2023)
- No financial regulatory oversight or licensing
Recommended For
- Investors seeking higher returns (11-13.5% range)
- Those looking for exposure to emerging markets
- Investors who prefer automated investment management
- Those comfortable with shorter platform track records
- Investors who value simplicity and low entry barriers
Consider Alternatives If
- You require regulatory oversight and protection
- You prefer manual loan selection capabilities
- You need a secondary market for early exits
- You want platforms with longer proven track records
- You're risk-averse to emerging market exposure
Ready to Try Lonvest?
🚀 Start with just €10 and explore emerging market returns
* Investment involves risk of capital loss. Past performance does not guarantee future returns. While Lonvest offers buyback guarantees, these depend on the financial health of loan originators. Lonvest is not regulated under any financial services license. Consider this as a higher-risk portion of a diversified investment portfolio.
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