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Finbee

Legal Name: UAB "Finansų bitė

Analysis

What is Finbee?

Finbee is a Lithuanian peer-to-peer lending platform with a crowdfunding investment license from the National Bank of Lithuania. The platform launched in August 2015 and offers investors access to consumer and business loans in Lithuania.

Both individuals and legal entities can invest on Finbee. The eligibility criterion to become an investor on the platform is to have a bank account in one of the EEA countries. Investors are also requested to fill out a KYC, prepared according to Anti-money laundering law requirements in Lithuania.[1] Since its launch, Finbee has raised more than €157.74 million, with an average monthly volume of €4.37 million in the past 12 months.[2] The platform boasts a community of over 22,751 investors.[3]

Key Takeaways

  • Investments start at €10, including unsecured consumer loans and potentially collateral-backed business loans.
  • Investments on the platform range from  €415 to €50,000, with 12 to 84 months loan durations
  • Finbee reports an effective annual interest rate of 16.3% for consumer loans and 12.4% for business loans.