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Messages - wiseclerk_com

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As I sometimes get emails, which European p2p lending marketplaces allow US investors to register and lend, I have now written an article on that topic.
I queried more than a dozen of the European platforms, but due to AML/KYC and FACTA most do not accept US investors (at least not if you are not residing in Europe).

Here are 5 European marketplaces which accept US investors (and also US companies that want to invest)
On some yields of 10%+ are achievable (I have frist hand experience from my long time portfolio)


I am considering putting more capital into this project but I am hesitant to have all of my eggs in one basket.

Quote from: rawraw
We used to have a user Core who had 100% returns on Folio doing trading.  But his strategy was at capacity with 20k or something.

If you want to hedge, just find another large consumer lender.

Consider diversifying on another platform.
Bondora has API and loanbook download with many parameters too. Bondora is open to accredited investors in the US.
I don't personally use it for trading right now (i used to in 2014-2015), but I know several people that have written and run their own tools for automated trading on Bondora.

Investors - LC / Re: Investing with Bondora
« on: May 20, 2018, 05:05:00 AM »
Spanish loans are risky (at least my opinion). The real point there is not to compare default rates of say Estonian vs. Spanish loan but whether you trust debt recovery procedures. The Spanish court system is totally different
For Estonian loans Bondora has shown that the procedures are working very good (better than in my home country Germany). And while it might take years, the bailiff eventually steadily recovers the outstanding debt, sometimes even with interest. For the Spanish market it will take further time to discover if Bondora can be equally successful in debt recovery.

In my portfolio there are predominantly Estonian loans and some Finnish loans.

Investors - LC / Re: Investing with Bondora
« on: May 19, 2018, 06:52:13 PM »
Fred93 thx for doing the detailed analysis and sharing your steps and thoughts.

One point regarding
First, Bondora is SMALL relative to the P2P guys in the US.  Very very small.  They do about 1500 loans/month.  Average loan size is 1900 Euro.  That's about 3 million Euro/month, or 36 million Euro/year.  I got these numbers from the spreadsheet of all loans which you can download.

Contrast that to LC, which is originating about $7 billion/year.  (Euro and $ are almost same value.)

Bondora's originations are running at 1/200 the rate of Lendingclub!

The loans you are targeting (grades AA, A, B) are nearly all Estonian loans, with an occasional high graded Finnish loan in between.
Estonia has about 1M inhabitants therefore the market size for this nation is roughly 1/300 of the US market (325M inhabitants).

Bondora is constantly changing. It is a very different market now compared to when I started lending there in 2012. Thereby the strategies of investors have changed considerably too.
There are >15000 posts of Bondora investors discussing things here:
(you will have to use Chrome with translate or Google translate).
Several of the very active investors that wrote scripts to use the API have switched from investing on the primary market and now concentrate mostly on buying and trading on the secondary market.
One very active investor, Oktaeder, who also programmed his own script recently summed up his 5 years investor experience on Bondora here: 
At the point of writing he had 5000 loan parts in his portfolio.

My portfolio consists only of about 600 loan parts. But most of those are from the time when it was possible to make larger bids. I wrote my 5 years summary (in English) here:
But I haven't used the API for investing.

General P2P Lending Discussion / Re: Help Edit my Book
« on: December 21, 2016, 11:04:42 AM »
Check out to get an overview of the topic.

This is not an invitation to use my content in your book. Should be obvious - but you never know on the internet.

Off Topic / Re: Cash Parking
« on: December 15, 2016, 08:21:44 AM »

Yes they were (especially for retired people on fixed income)...but then things kind of balance out. A few years ago I refinanced my latest mortgage at 3.25%. ... That rate will never be hear of again

Never say never. Currently rates for 10 year mortgages here in Germany are around 1.25%. Yes completly different national market, but when I financed my home long ago today's rate would have been deemed pure fantasy.

Suggestions / Re: lendacademy web server problems
« on: November 05, 2016, 07:32:35 AM »
extremly slow response in the past 5 minutes

Investors - P / Re: Note Trader Platform To Be Discontinued
« on: September 29, 2016, 05:59:20 PM »
I like your analogy.

Investing - General (not P2P) / Re: SEC approves Equity Crowdfunding
« on: September 29, 2016, 05:49:52 PM »
I am dabbling on some European platforms and have invested in over 30 pitches. It has been a mixed bag, but I am satisfied with most of the investments I have done on Seedrs
Of course the finaly tally for my portfolio will only come in a few years time, when (hopefully) some exits will have materialized.

This is better than a soap opera:

That's what I thought too when I heard this twist of events

Investors - LC / Re: Lending Club New Product?
« on: April 15, 2016, 11:20:58 AM »
From a borrower standpoint I can see some sort of "line of credit" product being attractive, whether a consumer credit card or a business credit line, etc.  But I have a hard time picturing how to fractionalize it from a lender can't have several people all willing to loan someone money on a moment's notice. 

I could see an model for that easily. Do wonder though, if that is the product or rather auto loans or something else. Somebody watched the job openings last year? I think their is a high probability to take indicator from looking at the desired experience in these.

Thx Fred93!  8)

Hi yoursbh,

I publish - it has a lot of information on p2p lending in general and in Europe especially.
If you have any specific questions feel free to ask.

Also if you understand a bit of German or want to read with Google translate you'll find a huge amount of information on continental European p2p lending platforms discussed here:

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