Grupeer review – Sign up process and first impressions

Grupeer logo - FinanciallyFree.eu

What is Grupeer?

Grupeer is a P2P platform I have been following on the sideline for quite some time now. (Actually, I think it’s more appropriate to call it a P2B platform, as all their loans are to businesses.)

The company was registered in October 2016 and the platform was launched in February 2017. When I found them in September 2017 they only had a small number of investors so I was a bit hesitant to get involved. I chose to put them on the radar and follow them closely for a period of time.

More than 7 months have passed since then. They have grown in size and credibility and proven their existence to the point where I’m ready to invest. More than 1.000 investors have joined at the time of writing. One of my readers often points out that Grupeer is his favorite P2P platform so I’m excited to get started!

Grupeer’s business model is quite similar to Mintos. They are a P2P marketplace where loan originators can offer their pre-funded loans to investors. By doing this, they have more money available to fund new loans so they can leverage their businesses. I won’t go too much into details here, Grupeer has an extensive “How it works” site and a FAQ site that will answer most questions you may have.

Grupeer is planning to release about 2.000.000€ of loans per month in the near future. The current average is approximately 600.000€ per month distributed between 13 different loan originators. More originators will join the platform shortly. No official financial statement has been released yet but you can find more info about their financials here.

Signing up

Becoming a member is very straight forward. Fill out the required data in the form and your account is created.

Grupeer signup process

Transfering money

To add funds to you account you simply make a SEPA transfer through your bank. All bank account information is available under the “Deposit / Withdraw” -> “Add funds” page. Remember to include your personal investor ID number in the payment details.

Website interface

It’s quite easy to navigate the site and find the information you need. There’s only 4 headlines in the menu:

Grupeer top menu

    • The overview page gives you a clean and simple overview of your Account Balance and Income. From the overview you can also find “Account statement” which gives you a nice overview of all incoming and outgoing transactions and “Income Statement” which is a generated PDF you can use for tax reporting.
    • Investments are divided into Loan deals, Development Projects and Secondary Market. The Secondary Market is still a work in progress, it has not been released yet.
    • My Investments shows the loan deals / projects you have invested in and, if you have a lot, you can filter them by loan type, interest rate, purchase date or active/inactive.
    •  Deposit / Withdraw. From this menu you can Add funds, Withdraw or Refer a friend. Grupeer has an attractive referral program as they’re still seeking investors to expand their business. You can earn up to 1.25% of the amount your referrals invest. The money you earn is automatically added to your Grupeer account.

Investing in the first project

Do you just want to get started and care less about each project? If that’s the case then you simply click one of the loan deals that suits you and click “Invest”. All the loans on the platform are secured loans and they all come with the 60 day buyback guarantee.

Many loan deals to be found under “Invest” -> “Loan deals”. Duration from 1-12 months.

Grupeer has recently released a few projects that I find quite interesting. Especially the PROMENADA project with a 65% LTV (loan to value) and 12 month loan period has caught my attention. They offer a 14% interest rate, buyback guarantee, and on top of that you get a 1% cash back.

Grupeer PROMENADA project
The blue € circle indicates that you get 1% cash back when you invest in the PROMENADA project

A lot of information about the project is available under “project information”, including a link to the official website and a 14 page PDF presentation.

Once you click the Invest button, you can choose how much you want to invest. The minimum is investment is only 10€.

Grupeer investing into a loan
Press the green “suitcase” to add the investment to a “shopping basket”.
Grupeer shopping basket

You can go ahead and invest in more projects or go to “check out” to confirm your investment. From the confirmation page you can download the loan PDF agreement with one click if you want to save or print it. This agreement is also available under “My Investments” once you’ve invested.

A payment schedule for future repayments is available under each project. I would have liked a combined repayment schedule for all projects I invest in on the “Overview” page. Hopefully they will add this later on.

Short term loans

If you’re into short term loans, the creditor MONIFY SIA offers several Business Loans with a with a loan term of 1-9 months. 14% interest rate and buyback guarantee also apply here. The businesses vary from heat insulation equipment, wood distributors to construction companies. MONIFY SIA provides a financial analysis of each company directly on the investment page, which is quite handy. See example below.

First impressions / Verdict

The platform feels like a nice mix between Crowdestate and Mintos. You can get 14% interest rate (sometimes even 15%), buyback guarantee and cash back like on Mintos and at the same time you can invest in interesting Real Estate projects like on Crowdestate. I like that combination!

Additionally, the 1% cash back is instantly credited to your account. You don’t have to wait 7 days like on Mintos.

An Auto-Invest option was added recently. This tool makes investing effortless!

The Grupeer team does a good job answering any questions you might have. Their responses are fast, professional and polite, that’s something I really appreciate. I’m pleased to finally be involved in the Grupeer platform and I’m definitely going to add more funds sooner than later.

Have you invested in Grupeer ? What are your thought about this platform? Please share below!

5 Replies to “Grupeer review – Sign up process and first impressions”

  1. Hello Jorgen,

    Good review, thank you! Do you see any risks of this platform?

    I use this and other p2p platforms and many of them provides 14-20 % interests without buy-back (and 12 % with buy-back or collateral), so it is surprisingly profitable to invest in grupeer. What is more, they do not provide any statistics about late loans – I assume there must be some. I am also surprised why they still cannot update statistics of issued loans value instantly (now issued loans value is 2 658 325 EUR, and it has not been changed ~2 weeks). And finally, they do not have many followers and discussion sites where investors share their experience (alternative investments, p2p hero), I would like to have more publical discussions, concerns and experiences.

    I find it very profitable (as investment with buy-back) therefore I am trying to find something suspicious.

    Good luck!

    1. Hi. Thanks for reaching out.

      In my opinion the risk is more or less the same as any P2P platform on the market.

      Grupeer issued a 9.500€ loan on May 2nd. Are you sure the issued loans number has not changed for 2 weeks? I will keep an eye on it.

      The highest interest rate I have seen on Grupeer is 15% with buyback guarantee. It’s not much higher than other platforms. Swaper and Robocash both have 14% and you can even find 15% or 15.1% loans with buyback on Mintos.

      Grupeer is a much smaller platform than many others, I guess this is why you don’t find many reviews about them yet. They are starting to gain momentum so I expect more and more discussions will start to arise on P2P forums etc.

  2. Yes, I hope that everything is fine there, therefore I am investing in it. There were only my suspicious points. And yes, please check statistics – I got the answer from support that it is updated only once a month..

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