What is Lonvest?
Lonvest is a P2P lending platform operated since 2023 by Lonvest Platform d.o.o., a company registered in Zagreb, Croatia. Lonvest lists loans only from loan originators of its own group, SpaceCrew Finance. Those loan originators lend in Malaysia, Singapore and Mexico, and Lonvest lists South Africa and Colombia as coming soon.
Every loan on Lonvest is advertised with a “buyback guarantee” and a “group guarantee”. The terms you accept when you invest contain neither.
How does Lonvest work?
Lonvest is a marketplace for claims on loans, which you buy from the loan originator that made each loan under the assignment rules in Lonvest’s terms and conditions. The assignment agreement for a claim is concluded only when you confirm the purchase. When I checked on 28 August 2026, the auto-invest form’s “User agreement” link opened the same terms. They are the only contract you can read before you invest.
The loan originator collects the borrowers’ repayments and passes them to Lonvest, which pays them out to the investors holding each claim after withholding any fees. Your interest comes at the end of the period you invested for, together with your principal.
The terms give the loan originator a right to buy back a claim more than 90 days late, not a duty, so no buyback obligation stands behind your claims. By its own account, the platform earns mainly from commissions the loan originators pay it.
What you can invest in
Lonvest offers one kind of investment, claims on loans bought through its auto-invest, from €50. On 2 November 2026, Lonvest’s home page offered Malaysian consumer loans and Singaporean business loans and listed South Africa and Colombia as coming soon. Mexico still appeared in its calculator but not among the loans on offer.
Each claim is a share in one loan’s repayments, assigned to you under Lonvest’s terms. It isn’t a security, so there’s no prospectus behind it and no custodian keeping it for you. €50 is also the smallest deposit Lonvest accepts.
What return can you expect on Lonvest?
Lonvest’s home page shows an average annual return of 11.75%, and the only independent figure, the median of 7.2% a year across five Lonvest portfolios on P2P Dash in November 2026, is too thin to check it. P2P Dash values a portfolio at its balance, so the median can run low, because Lonvest pays your interest in one sum at the end of the period you chose, and high, because 57% of the Malaysian loans Lonvest counted on 2 November 2026 were late, which a balance doesn’t show as a loss. The same home page advertises returns “up to 15% annually”, while Lonvest’s loans offered at most 13% a year that month.
No fee or withheld tax comes off Lonvest’s interest. Two things come off its rates:
- the interest you give up by leaving early, because an early exit forfeits all the interest accrued, per Lonvest’s price list, so you earn the rate only by holding to the end
- money waiting in your account, which earns no interest under the terms
Lonvest’s loyalty programme adds 0.5% to the rate from €10,000 invested, 0.75% from €25,000 and 1% from €50,000, on terms the Lonvest bonus page sets out.
Lonvest is tied for the 10th-highest Returns score of the 21 platforms I’ve reviewed, 3.6 out of 5. The score rests on the average Lonvest reports, half a point lower because no independent figure backs it, and not on the risk of losing money, which Is Lonvest safe? covers.
Is Lonvest safe?
Lonvest’s structure keeps your claims yours if Lonvest itself fails, but nothing in its terms protects you against a late borrower or a failed loan originator. Lonvest has no buyback obligation. Lonvest’s terms give a loan originator only the right to buy back a claim more than 90 days late. The “group guarantee” Lonvest markets appears in no contract you can read before you invest. No financial supervisor licenses Lonvest. No compensation scheme covers your money on Lonvest. Lonvest publishes no default or loss figure as of November 2026. Lonvest’s statistics page counted 57% of Malaysian loans as late on 2 November 2026. The risk in the assets you hold remains fully yours.
Lonvest is tied for the third-lowest Safety score of the 21 platforms I’ve reviewed, 1.2 out of 5. The score rests on how Lonvest is built, with no licence, a contracting company with €7,940 of equity, loan originators from Lonvest’s own group and audited accounts for none of them, because no independent record shows the platform coming through a stress. Two protections that Lonvest’s pages describe and its terms don’t contain also count against it.
Is Lonvest regulated?
No, Lonvest isn’t regulated by any financial supervisor. The company you contract with, Lonvest Platform d.o.o., holds no financial services licence, and the Croatian company register lists its business as management consulting. The terms state that the money in your account is “not insured in any jurisdiction by any deposit insurance scheme or any securities investor protection corporation”.
Croatia’s central bank and its financial services supervisor warned in July 2024 that online platforms selling claims on loans, often from sellers outside the EU and most often in Asia, are supervised by neither of them, and that no Croatian scheme protects money invested through them. The warning added that guarantees such platforms offer can be hard to verify or enforce when the loan originator is outside the EU, as all three of Lonvest’s loan originators are.
Latvijas Banka, Latvia’s central bank and financial supervisor, lists “Lonvest Platform d.o.o.” among companies providing financial services that require a licence without one, in a warning updated on 21 September 2026, and says money invested with these companies isn’t protected under Latvia’s investor protection law.
What happens if Lonvest fails?
Your claims on Lonvest stay yours if Lonvest itself fails, because you buy each one from its loan originator, not from Lonvest.
Your uninvested cash is less safe. The terms keep it “separate from Lonvest’s own funds” and say you keep title to it, but it sits in accounts in Lonvest Platform d.o.o.’s own name at two e-money institutions, which protects Lonvest if one of them fails rather than you if Lonvest does. In my assessment, a Croatian bankruptcy would count that cash among Lonvest’s assets and leave you a creditor. Croatia’s general rules for agents don’t keep money an agent holds in its own name out of its estate the way Lonvest’s terms assume, and the one rule that does, for commission agents, applies only if a court reads the arrangement as a commission. The terms don’t settle whether invested money leaves those accounts either, since they describe paying for a claim both as a transfer of funds to the loan originator and as a transfer of “virtual money” in which “no actual monetary funds will be exchanged”.
No clause in the terms names anyone to collect and pass on your repayments if Lonvest stops, and under Croatian law Lonvest’s authority to act for you ends when its bankruptcy opens. The terms cap Lonvest’s liability to you at the money in your account when the loss occurred, which is close to nothing while you’re fully invested. If a court freezes or attaches Lonvest’s accounts or yours, the terms let Lonvest block your withdrawals until the matter is settled and reserve Lonvest “the first claim to any and all Your funds”.
The Croatian register shows Lonvest Platform d.o.o. with €7,940 of equity, no employees and €120,371 of revenue for 2025.
Loan originators
Lonvest lists three loan originators in November 2026. Lonvest’s security page says “All loan originators are fully controlled by our group”. Amanahkredit lends to consumers in Malaysia, SpaceCrew Finance makes business loans in Singapore, and Clicredito lends to consumers in Mexico through Space Crew FS, S.A.P.I. de C.V., the company Clicredito’s own site tells borrowers to pay. The Singapore company behind SpaceCrew Finance is Space Crew Asia Pte. Ltd., the group’s holding company.
Amanahkredit is “a licensed digital lending provider in Malaysia”, per Lonvest’s page for it, a licence I couldn’t confirm in a Malaysian register. Space Crew FS wasn’t in the register index of CONDUSEF, Mexico’s authority for users of financial services, on 30 October 2026.
There’s no breakdown of investors’ money by loan originator on Lonvest’s site. The statistics page counted 5,741 Malaysian loans and 1,034 Mexican ones on 2 November 2026 and showed nothing for Singapore, and only Clicredito’s page gives portfolio figures, unchanged since August 2026. Spreading your money across Lonvest’s three countries spreads it within one group.
The security page also promises the loan originators’ “Mandatory participation” in each loan’s principal, without saying how much, and the terms contain no such commitment. The about page says “Each company is audited and regularly publishes its reports on the platform”, yet none of the three loan originators’ pages carried a report on 2 November 2026.
The help centre says the group has “entered into guarantee agreements with loan originators”, under which other group companies “will cover all liabilities” of one that becomes insolvent. No such agreement is published, and Lonvest’s terms never use the word “guarantee” or name the group.
The agreements Lonvest describes are between the group and its loan originators, not with you. A guarantee from the group would come from the failed loan originator’s sister companies, and a failure across the group would reach them too.
The buyback, too, is described as a duty on Lonvest’s pages. The security page says that after 90 days late “the loan originators have to buy back the loan”, and the help centre that they “are obligated to repurchase” it. The terms give the loan originator only “the right to exercise the right of buyback” at that point, and the one duty they impose falls on a loan originator that has become insolvent, which “is obligated to unilaterally exercise its re-purchase rights” on your claims. The protection against a loan originator failing is a duty of the loan originator that failed.
The 90-day buyback duty and the “group guarantee” that Lonvest’s pages describe, and its terms don’t contain, count against Lonvest’s Safety score.
Lonvest Risk Score
Lonvest rates each loan originator with its own Risk Score, shown as Low or Medium on its list of loan originators, and doesn’t say how it sets it. On 2 November 2026 the list scored Amanahkredit in Malaysia and SpaceCrew Finance in Singapore Low, at 13% a year, and Clicredito in Mexico Medium, at 12.5%. The same day, Lonvest’s statistics page counted 3,267 of 5,741 Malaysian loans as late and 546 of 1,034 Mexican ones. By count, the Low score sat on the larger share of late loans.
Defaults and recovery
Lonvest publishes no default, buyback or loss figure as of November 2026. Its statistics page sorts Malaysian and Mexican loans into current and late by up to 15, 30 or 60 days, and on 2 November 2026 it counted 3,267 of 5,741 Malaysian loans as late. The page shows no loan more than 60 days late and nothing for Singapore, while the buyback right in the terms begins only after 90 days. Whether any late loan on Lonvest has ever been bought back is something the page can’t show.
No Lonvest investor has reported losing capital or missing interest since 2023 in the investor reviews and Lonvest posts I read, and Lonvest’s home page claims “3+ years Without payout delays”. The platform has stopped taking new deposits at least twice when it had too few loans for the money coming in. In July 2024 Lonvest told an investor on Trustpilot that top-ups were unavailable while it brought in a loan originator from Mexico, and it suspended new deposits again from 1 July 2025. Neither pause tested what happens to your money when loans go unpaid, and no crisis has.
Three markets Lonvest once listed no longer get new money. A post on Lonvest’s blog announced no new Polish loans from 1 November 2023 and a fee-free way out for investors who wanted one, and Lonvest no longer lists the loan originators it once had in Vietnam and Sri Lanka. No document says whether investors’ claims in those markets were repaid in full.
Conflicts of interest
Lonvest has five conflicts of interest with its investors, set out in its terms, its help centre and its ownership.
- Lonvest can change its terms on 20 days’ notice, and you can leave only once you hold nothing. New terms take effect 20 calendar days after Lonvest publishes them and emails you, and using the platform after that counts as accepting them. If you object, the terms tell you to stop using Lonvest and close your account, which you can do only once you hold no investment, and leaving an investment early needs its loan originator’s agreement.
- Lonvest is paid by the loan originators whose loans it lists. Lonvest’s price list names “the commissions we receive from lending companies” as its main income, and every one of those companies belongs to Lonvest’s own group. No published agreement sets the commission.
- Nothing in the terms says who earns interest on your uninvested cash. The terms pay you no interest on money in your Lonvest account, which sits in accounts in Lonvest’s own name.
- Lonvest’s terms let it take fees out of your repayments before paying you. Lonvest can withhold its service fee “and other payments (if any)” when it passes on what the loan originators send, and take its service fee from your account without prior notice in the cases the terms list. Lonvest’s price list shows no such fee today, and nothing in the terms caps one.
- The platform that picks your loans answers to the group that made them. The Croatian register names Roman Katerynchyk as Lonvest’s owner and Nataliya Holyak, Lonvest’s chief financial officer, as its director, and Holyak is reported to manage the group’s Singapore holding company as well. The EU company you contract with isn’t at arm’s length from the group whose loans it lists.
How do you use Lonvest?
You use Lonvest in four steps, from signing up to setting up its auto-invest.
- Sign up with your email address and a password, accept Lonvest’s terms, privacy policy and AML policy, enter your name, phone number and country, and confirm your email address.
- Verify your identity with Sumsub, which Lonvest requires before you can deposit.
- Deposit at least €50 by SEPA bank transfer from an account in your own name.
- Choose a country and a period in the auto-invest form, and whether to reinvest when the period ends.
Lonvest is tied for the fifth-highest Usability score of the 21 platforms I’ve reviewed, 3.5 out of 5. The score rests on Lonvest’s auto-invest, which needs only a country and a period, and on the account summary and tax statement on its Statement page. Two limits hold it down. You can’t choose the loans you fund, and your first withdrawal waits on support setting up your bank details.
Opening an account
Lonvest verifies your identity through Sumsub before you can deposit. I registered on 28 August 2026, and the account was verified nine minutes later, at 19:59. The one step that took effort was Sumsub’s proof of address, which a couple of utility bills cleared. Sign-up has no questionnaire on your investing experience or finances, per Lonvest’s help centre and my own sign-up.
Deposits
Depositing on Lonvest is free by SEPA bank transfer, from €50. The transfer has to come from an account in your own name, and the first account you deposit from becomes the only one you can withdraw to, unless you deposit from another or support changes it. A deposit takes up to 3 business days, or a few hours by SEPA Instant if your bank supports it, per Lonvest’s help centre.
When I opened the deposit page on 28 August 2026, without depositing, it gave two accounts, both in Lonvest Platform d.o.o.’s name, one at MultiPass in the UK and one at ZEN.com in Lithuania. Those are the accounts that hold your cash.
Auto-invest
Lonvest invests your money only through its auto-invest. You choose a country, a period of 30 days, 3 months, 6 months or a year, and whether to reinvest when it ends, and Lonvest picks the loans, per its help centre. When I looked at the form on 28 August 2026, without investing, it offered Singapore, Malaysia and Mexico, and the dashboard’s examples of available loans showed Malaysian and Mexican loans of €15 to €257 running 7 to 30 days. With one loan originator per country, choosing a country is choosing the loan originator, and the loans within it are Lonvest’s pick.
Tax reports
Lonvest gives you a tax statement for your tax return, which you generate for any period on your account’s Statement page, per its help centre. On 28 August 2026 my Statement page had the Tax Statement tab beside an Account Summary, and the My Investments page had a download button.
Support
Lonvest’s support runs by email at info@lonvest.com and by chat on its site, on weekdays from 9:00 to 17:00 CET, per its website, a promise no support contact of mine has tested.
How fast can you get your money out of Lonvest?
Lonvest typically processes a cash withdrawal within 3 business days, per its help centre. Withdrawals are free, up to €5,000 a week. Invested money comes back at the end of the period you chose, or earlier through an early exit without the accrued interest, if the loan originator accepts it. Lonvest has no secondary market. No other investor can buy your claims. A claim whose borrower is late waits on the loan originator’s buyback right or on recovery, neither of which Lonvest’s statistics show.
Lonvest is tied for the seventh-lowest Liquidity score of the 21 platforms I’ve reviewed, 2.5 out of 5. The score rests on Lonvest’s published terms alone, because my account has held no money. Free withdrawals and periods as short as 30 days lift it. The loan originator’s right to refuse an early exit and the weekly withdrawal cap hold it down.
Withdrawals
Lonvest withdrawals are free and typically processed within 3 business days, per its help centre. These are Lonvest’s terms, since my account has held no money to withdraw. The smallest withdrawal is €50, and you can withdraw at most €5,000 a week. Money goes only to the bank account you first deposited from, and before your first withdrawal you send your bank details to info@lonvest.com for Lonvest’s team to set up. Your bank can take up to 3 more business days, and the terms allow up to seven “in some cases”, a delay they put down to “the Blockchain” on a platform that pays out only euros by bank transfer.
Early exit
Lonvest’s early exit ends an investment before its period is over and returns your principal to your balance without the accrued interest, per its help centre. The help centre says you can do this “at any time”, and the security page that “we guarantee to repurchase your deposit, safeguarding your capital”. The terms treat an early exit as a buyback the loan originator may make if it “agrees to accept the early termination”, and they set no price for it. Under the contract, leaving early is the loan originator’s decision, and every loan originator belongs to Lonvest’s own group.
Closing your account
You can close your Lonvest account by email once you hold no investments and owe Lonvest nothing. You send the request from your account’s email address and confirm it as the platform asks, and Lonvest pays out your money within 7 business days to a bank account in your name. The terms also let Lonvest close your account without warning if you breach them, give false information or are suspected of money laundering. If Lonvest suspects fraud, it can close your account without having to give conclusive evidence, return only the money you deposited from outside and keep any bonuses or cashback.
What fees does Lonvest charge?
Lonvest charges no fee to deposit by bank transfer, invest or withdraw. Leaving an investment early is the one cost you can choose, and it takes all the interest the investment has accrued.
Lonvest fees and costs | Deposit fee | Free by SEPA bank transfer in EUR · minimum €50 |
| Investment fee | Free |
| Early exit fee | No secondary market early sell-back needs originator consent and forfeits accrued interest |
| Withdrawal fee | Free minimum €50 · €5,000 weekly cap |
| Currency conversion | EUR-only platform |
| Inactivity fee | Free |
| Withholding tax | 0% the platform withholds nothing, you declare the interest yourself |
The help centre’s price list shows the same zeros, while Lonvest’s terms make you pay a service fee “pursuant to the Fees launched by Lonvest”. The zeros are Lonvest’s current practice, not a price the contract fixes.
Pros and cons
What Lonvest does well
- Lonvest's insolvency would leave your claims with you. Under Lonvest's terms, each claim is assigned to you by the loan originator that made the loan, so it isn't part of Lonvest's own assets. The cash waiting on your account is less safe, because it sits in accounts in Lonvest's name. The terms name no one to pass on your repayments if Lonvest stops.
- Lonvest charges no fee to deposit, invest or withdraw. Lonvest's price list shows all three as free, from €50, and Lonvest withholds no tax on your interest. Lonvest's terms still reserve a service fee it hasn't priced.
- Lonvest lets you invest for as little as 30 days. Lonvest's auto-invest offers periods of 30 days, 3 months, 6 months or a year, and pays your interest with your principal when the period ends.
Where Lonvest disappoints
- Lonvest shows audited accounts for none of its own group's loan originators. Lonvest's security page says its group fully controls all loan originators. Lonvest's about page says each company is audited and publishes its reports on the platform, yet none of the three loan originators' pages carried a report on 2 November 2026.
- Lonvest's terms oblige no one to buy back a late claim. Lonvest's terms give the loan originator a right to buy back a claim more than 90 days late, and the one duty they impose falls on a loan originator that has already become insolvent. No contract Lonvest publishes contains the "group guarantee" it markets.
- Lonvest holds no financial services licence, and no scheme pays you back if it or a loan originator fails. Lonvest's terms say the money in your account isn't insured in any jurisdiction. Croatia's central bank and financial supervisor warned in 2024 that platforms selling claims on loans, often from sellers outside the EU, are supervised by neither of them.
- You can leave a Lonvest investment early only if its loan originator agrees. Lonvest has no secondary market, and its terms allow a sale only to the claim's loan originator, for the whole claim. An early exit forfeits all the interest the investment has earned.
- Lonvest shows no figure for loans more than 60 days late. Lonvest publishes no buyback, default or loss figure, and 57% of the Malaysian loans its statistics page counted on 2 November 2026 were late.
Who should use Lonvest?
Lonvest suits investors who put in only an amount they could lose in full.
Lonvest suits:
- A small, speculative amount you could lose in full
- Investors who want to commit money for as little as 30 days
- Investors who want to pay no fees and declare their interest themselves
Avoid Lonvest if you are:
- Counting on a buyback or the “group guarantee” to protect your capital, because Lonvest’s terms oblige no one to buy back a late claim
- Looking for a regulator or a compensation scheme behind the platform, because Lonvest has neither
- Wanting to check that the companies behind your money can pay, because Lonvest shows audited accounts for none of its loan originators
- Hoping to spread your risk across independent loan originators, because every loan originator on Lonvest belongs to its own group
- Counting on leaving an investment early, because an early exit needs the loan originator’s agreement
