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Esketit Analysis

Loan Originator Debt
Personal Debt
Peer-to-Peer Lending
Investor Bonus: Get 1% after investing in 90 days.
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Last updated in May 2022.

What is Esketit?

Esketit launched in early 2021 and offers investors to refinance consumer loans from loan originators based in both developed and emerging markets. It has funded €224.50m worth of loans to date - see Esketit statistics for more historical performance insights.

Key Takeaways

  • A close circle of ownership between the platform, the parent company, and the loan originators; the Group backed by relatively mature VC
  • Payday loans mostly from Czechia, Spain, and Mexico; buyback and group guarantees
  • +13% average interest rates; a high ratio of delayed loans (up to 40%)

How Investing on Esketit Works

Investors can re-purchase short-term personal loans (or payday loans) from loan originators based in five countries. Most investments come from the CFG subsidiaries in the Czech Republic, Spain, and Mexico; much fewer deals are available from Sri Lanka and Jordan. Loan amounts don’t exceed €1,000 and can mature in up to 60 days. All deals are covered with a 60-day buyback guarantee, and loans originated by the CFG have an additional group guarantee.

Investors can use an auto-invest feature and buy and sell investments at a secondary market. Esketit also offers to buy back loans from investors with a 1% discount for faster liquidity.

Esketit Returns & Fees

The average interest rate, according to Esketit, stands at 13.3%. Investors can expect about 30-40% of loans to be delayed. There is no information about defaults on the Esketit website, so one can assume the buyback obligation has been honoured to date.

Investors can make an additional 1% on initial investments using the referral bonus. Esketit doesn’t charge fees to investors, while borrower fees are not disclosed and depend on the originating company.

Esketit Management

Davis Barons and Matiss Ansviesulis founded the platform. They are the CreamFinance Group (CFG) owners, which is the main engine behind Esketit. The Group was founded in 2012 in Latvia, and provides consumer finance services. At Esketit, deals from three CFG subsidiaries are available for investments, while the remaining two loan originators are owned directly by the founders.

No financial statements are available for the platform itself. The last (unaudited) financial data for CFG was for 2019, when the Group made approx. €0.7m profit. The Group is backed by over €30m private capital (most recent series B), with South African Capitec as one of the strategic shareholders.

Special Considerations

Esketit uses blockchain to service transactions. You can also deposit and withdraw stablecoins (USDT and USDC).