P2P Lending in Poland

The Polish Market for Crowdfunding and P2P Lending

According to data from the latest report by Cambridge Centre for Alternative Finance (CCAF) on the global market of alternative finance and crowdfunding, Poland had a total funding volume of €297.6 million in 2018, up from €158.3 million in 2017, which corresponds to a growth rate of 88.0%. This places Poland’s crowdfunding market as number 8 in Europe and as number 19 in the worldwide crowdfunding statistics. The countries topping the list in Europe are the United Kingdom, the Netherlands, Germany, France, and Italy.

Most of Poland’s crowdfunding funding volume derives from P2P/marketplace consumer lending which constitutes €251.3 million or 84% of the total volume. Also, Poland has the fourth-largest donation-based crowdfunding market in Europe with a size of €5.1 million.

Below, you will find a complete list of all peer-to-peer lending platforms in Poland.

Table of Contents

Best Peer-to-Peer Lending Platforms in Poland

Here, you will find a list of the top peer-to-peer lending platforms in Poland. Under each platform, you will find a brief description of the platform and the type of peer-to-peer lending available for investing on the platform. The list is sorted alphabetically, but to promote platforms contributing to transparency in the market, we have placed the platforms sharing data about their funding volume and other relevant statistics on the top. If you see a platform missing, please feel free to submit the platform by using the submit formula located in the sidebar of this page.

Finansowo

Finansowo facilitates crowdfunding in the area of Consumer Lending between Polish persons at a minimum investment of 50 PLN. The platform offers traditional peer-to-peer lending directly between people that live in Poland for any purpose, every individual borrower is rated from F – A. Finansowo was founded in 2008 by Piotr Strzelecki as a Polish company. The company and office is located in Warsaw, Poland and is exclusively offering financing between Polish residents. All loans are in Polish Złoty(PLN).

Any EU resident over 18 years old with a EU bnak account can invest on Finansowo.

Anyone of at least 18 years old with a bank account in Poland, polish phone number and Polish identification can apply for a loan on Finansowo.

Taxation on Peer-to-Peer Loans in Poland

Polish peer-to-peer lenders are subject to a flat-rate income tax of 19% on the interest earned from investing in loans. Platforms will usually provide statistics to help you calculate your income tax but be aware that you are often responsible for settling the tax yourself.

To get a more in-depth overview of the Polish tax system for both companies and individuals, we can recommend this tax summary overview made by PwC.

Keep in mind that this should not be considered tax advice and can be outdated, why you should always contact a tax adviser when handling your taxes.

Regulation on P2P Lending in Poland

Some Polish crowdfunding activities might be subject to financial regulations, but there is still no regulation that specifically concerns crowdfunding or P2P lending. This means that crowdfunding is largely regulated by the Polish Civil Act and several other acts. You can read more about these acts in the European Crowdfunding Network Factsheet for Poland.

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