Lending with DoFinance

Earlier this week I signed up with DoFinance which is the fifth P2P lending site I use – the others being Linked Finance, Mintos, Twino and VIAINVEST. I initiated a SEPA bank transfer from my N26 account and it cleared into my DoFinance account the next day. I only did a small transfer of €50 to test the platform. I decided to use the Auto-Invest function as I do with all others (bar Linked Finance). There are three options to chose from – 1 month loans returning 6%, 2 months returning 8% and 6 months returning 12%. The longer the funds are locked into…

doFinance – Another P2P lending platform

There are more and more P2P lending platforms available. I personally use and have reviewed VIAINVEST, Mintos, Twino and Linked Finance. P2P lending offers very competitive returns especially compared to the measly interest offered by savings accounts in Ireland. With the higher returns comes more risks. I’ve been lucky so far and haven’t had any loans default. I’ve recently been come across yet another P2P lending platform – DoFinance. From their website, Alfa Finance Group was founded in Latvia in 2015 and have expanded to Poland, Georgia and Indonesia, with a total of more than 150,000 registered clients and over…