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Esketit

Legal Name: Esketit Platform Limited

Analysis

What is Esketit?

Esketit is an Irish non-licensed peer-to-peer lending platform. It was founded in early 2021 by the founders of AvaFin Holding, which is also the primary loan originator for the platform. Esketit operates as a bridge connecting investors with borrowers from various consumer loan originators, mainly from Spain, Mexico, Latvia, the Czech Republic, and Poland.[1]

Individuals with a bank account from EU or EEA countries can invest on the platform. Esketit also offers an alternative option via cryptocurrency accounts or wallets, allowing fund deposits in stablecoins such as USDC or USDT. Since its launch, the platform has raised more than €517.69 million, with an average monthly volume of €24.43 million in the past 12 months.[2] Esketit boasts a community of over 20,540 investors.[3]

Key Takeaways

  • Investment begins at €10, with select loans offering a buyback guarantee for missed payments exceeding 60 days.
  • Esketit has few primary market loan investments available, as most are quickly bought by the auto invest feature.
  • The platform's secondary market lists over 13,250 loans.