InSoil

InSoil is a Lithuania-based investment platform launched in June 2020 and regulated by the Bank of Lithuania under the European Crowdfunding Service Providers Regulation (ECSPR). The platform connects small and medium-sized farmers with investors to finance sustainable agricultural practices and generate soil carbon credits. Through its marketplace, InSoil provides secured loans to European farmers, primarily in Poland, Portugal, Lithuania, Latvia, and Bulgaria, supporting activities that improve soil health and reduce CO₂ emissions. The company’s stated long-term goal is to remove one gigaton of CO₂ by 2050 through climate-friendly agriculture.^[1]

Both individual and corporate investors can participate on the platform, provided they are residents of countries not listed under EU or UN sanctions.^[2] InSoil has raised €89.16 million since launch. Over the last 12 months, it facilitated €28.02 million (an average of €2.34 million/month), with €2.48 million in September 2025 alone. InSoil’s own statistics page reports 15,358 registered investors.^{[3] [4]}

• InSoil connects farmers with investors to finance sustainable practices, aiming to reduce one gigaton of CO2 emissions by 2050.
• The platform offers European agricultural debt investments starting at €100, secured by collateral like heavy machinery and arable land.
• Company is founded by an owner of another successful marketplace lending platform and InSoil is backed by international VC capital (€1.3m, seed round)
• InSoil currently offers interest rates of 11.6% to 22.3% with loan durations from 11 to 48 months. Repayment follows a bullet loan structure, with full principal and monthly interest paid at the term’s end.
• InSoil secondary market hosts 525 loans with terms of a few days left to 117 months left, and some with delayed payments of up to 38 months.

InSoil enables investors to finance European agricultural loans that are typically asset-backed, using collateral such as agricultural land, heavy equipment, state guarantees, and other pledged assets.^[5] Investors enter into contractual agreements directly with InSoil, which then issues the loan to the borrower secured by collateral.^[6]

Investors can start with a minimum investment of €100 per project. Loan durations typically range from 12 to 48 months, and repayment terms usually follow a bullet structure, where investors receive monthly interest payments, and the principal is repaid in full at the end of the loan term. Loan amounts generally range between €10,000 and €150,000, with each loan individually assessed before being listed on the platform. In addition, InSoil also originates uncollateralized loans up to €25,000 in certain cases.^[7]

A secondary market allows investors to exit investments early by selling their claims to other users. Transferring an investment incurs a 1% fee based on the nominal value of the transferred right of claim. The secondary market hosts hundreds of active listings with varying remaining durations, and InSoil also provides an auto-invest feature that automatically allocates capital based on predefined investor preferences.^[8]

InSoil supports investors from countries that have a double taxation agreement with Lithuania, allowing them to reduce or avoid withholding tax on interest income by submitting a DAS form and proof of tax residency. Cashback bonuses are not subject to withholding tax on the platform.^[9]

InSoil’s Portfolio Performance Review (July 2025) shows that fully repaid loans have delivered an average realized return of 15.56%, with monthly actual returns ranging from 7.59% to 24.97% depending on project characteristics and collateral type.^[10]

According to InSoil’s latest statistics, the platform reports a weighted average interest rate of 13.13% and an average loan term of 35 months. The average loan size stands at approximately €31,864. Since launch, InSoil has funded a total of €89.62 million in loans, with €42.67 million repaid in principal and €46.17 million still outstanding. The platform discloses €7.93 million in defaulted principal, corresponding to a default rate of 8.93% based on total principal issued.^[11]

InSoil applies several fees as defined in its official Service Rates document. For investors, an administration fee of 0.1% per day applies to overdue borrower payments. On the borrower side, the platform collects an operator’s fee typically ranging between 1% and 8% of the project amount, determined individually.^[12] The company primarily generates revenue through loan service and origination fees, and supplements this with a referral program rewarding users who bring new investors.

InSoil (formerly HeavyFinance) was founded in 2020 by Laimonas Noreika, Darius Verseckas, and Andrius Liukaitis. Laimonas Noreika, Chief Executive Officer, brings extensive experience in fintech and marketplace lending, having previously co-founded and exited FinBee, another Lithuanian peer-to-peer lending platform. He is a member of the Forbes Business Council and leads InSoil’s strategy in sustainable agricultural finance. Audinga Besuspare, Co-CEO, brings broad management experience from international finance and growth-stage startups, focusing on scaling InSoil’s operations and strengthening its European footprint.

Darius Verseckas, Chief Marketing Officer, previously worked as a communications consultant and specialist at the Government of Lithuania, contributing to the company’s communication and branding strategy. Rytis Urbanavičius, Chief Financial Officer, has a background in corporate finance and risk analysis, with prior roles as a private-equity analyst and finance lecturer at ISM University of Management and Economics. Andrius Liukaitis, Head of Lending and Co-Founder, oversees credit risk and loan origination. He has a long background in banking and corporate finance, ensuring the quality of the platform’s agricultural loan portfolio. In addition, InSoil’s leadership includes specialists across technology, data science, legal, and carbon markets. This reflects its expansion into climate-impact investing and carbon credit generation.

In 2022, InSoil earned the title of Fintech Company of the Year at the Lithuanian Fintech Awards.

In 2025, InSoil significantly expanded its capital base and partnerships:

• €3 million seed round (April 2025) led by Practica Capital, with participation from existing backers, to accelerate European expansion and carbon-finance initiatives.^[13]
• €100 million partnership with Key Carbon (June 2025), including a €3.7 million investment, to scale regenerative-agriculture projects and develop InSoil’s Green Loans model under a royalty-based structure.^[14]
• The European Investment Fund (EIF) committed €20 million as cornerstone funding within InSoil’s €50 million agricultural-decarbonisation fund, launched to provide credit for low-emission farming across EU member states.^[15]

The company (registered as Heavy Finance UAB) lists eight shareholders. As of the 2023 audit, Laimonas Noreika holds 42.5 %, Practica Venture Capital holds 17.3 %, and the remaining shares are distributed across smaller shareholders, each under 10 %. The company has conducted several VC funding rounds, raising a total of over €5 million. The backers include Estonia-based start-up accelerator Startup Wise Guys, Lithuanian VC fund Practica Capital, and Polish VC fund Black Pearls VC. Mantas Mikuckas, co-founder of Vinted, invested €1 million in the company. Audited by Grant Thornton, UAB, InSoil disclosed a positive net profit of €375k in FY23, from the €1.1 million net loss reported for FY22. In the same period, InSoil increased their equity from €57k to astonishing €1.7 million.^[16]

1. InSoil “About Us”
2. InSoil: “FAQ: Who is permitted to invest on the InSoil platform?”
3. P2PMarketData: “InSoil Statistics”
4. InSoil: “Statistics - Main Statistics”
5. InSoil: “Types of collateral and securities in loans”
6. InSoil: “How It Works – Fixed Income”
7. InSoil: “The Hidden Opportunity: Why Uncollateralized Agricultural Debt Attracts Investors”
8. InSoil: “Grow Your Wealth with Agriculture”
9. InSoil: “DAS-1 Form”
10. InSoil: “Portfolio Performance Review – July 2025”
11. InSoil “Statistics - Portfolio Performance”
12. InSoil: “Service Rates”
13. InSoil: “Climate-tech specialist InSoil closes €3 million seed funding round”
14. Key Carbon: “Key Carbon and InSoil announce milestone €100 million partnership for European farmers”
15. InSoil: “InSoil launches €50 million fund for agricultural decarbonisation”
16. InSoil: “Heavy Finance 2023 Annual Report”

InSoil is a Lithuania-based investment platform launched in June 2020 and regulated by the Bank of Lithuania under the European Crowdfunding Service Providers Regulation (ECSPR). The platform connects small and medium-sized farmers with investors to finance sustainable agricultural practices and generate soil carbon credits. Through its marketplace, InSoil provides secured loans to European farmers, primarily in Poland, Portugal, Lithuania, Latvia, and Bulgaria, supporting activities that improve soil health and reduce CO₂ emissions. The company’s stated long-term goal is to remove one gigaton of CO₂ by 2050 through climate-friendly agriculture.^[1]

Both individual and corporate investors can participate on the platform, provided they are residents of countries not listed under EU or UN sanctions.^[2] InSoil has raised €89.16 million since launch. Over the last 12 months, it facilitated €28.02 million (an average of €2.34 million/month), with €2.48 million in September 2025 alone. InSoil’s own statistics page reports 15,358 registered investors.^{[3] [4]}

• InSoil connects farmers with investors to finance sustainable practices, aiming to reduce one gigaton of CO2 emissions by 2050.
• The platform offers European agricultural debt investments starting at €100, secured by collateral like heavy machinery and arable land.
• Company is founded by an owner of another successful marketplace lending platform and InSoil is backed by international VC capital (€1.3m, seed round)
• InSoil currently offers interest rates of 11.6% to 22.3% with loan durations from 11 to 48 months. Repayment follows a bullet loan structure, with full principal and monthly interest paid at the term’s end.
• InSoil secondary market hosts 525 loans with terms of a few days left to 117 months left, and some with delayed payments of up to 38 months.

InSoil enables investors to finance European agricultural loans that are typically asset-backed, using collateral such as agricultural land, heavy equipment, state guarantees, and other pledged assets.^[5] Investors enter into contractual agreements directly with InSoil, which then issues the loan to the borrower secured by collateral.^[6]

Investors can start with a minimum investment of €100 per project. Loan durations typically range from 12 to 48 months, and repayment terms usually follow a bullet structure, where investors receive monthly interest payments, and the principal is repaid in full at the end of the loan term. Loan amounts generally range between €10,000 and €150,000, with each loan individually assessed before being listed on the platform. In addition, InSoil also originates uncollateralized loans up to €25,000 in certain cases.^[7]

A secondary market allows investors to exit investments early by selling their claims to other users. Transferring an investment incurs a 1% fee based on the nominal value of the transferred right of claim. The secondary market hosts hundreds of active listings with varying remaining durations, and InSoil also provides an auto-invest feature that automatically allocates capital based on predefined investor preferences.^[8]

InSoil supports investors from countries that have a double taxation agreement with Lithuania, allowing them to reduce or avoid withholding tax on interest income by submitting a DAS form and proof of tax residency. Cashback bonuses are not subject to withholding tax on the platform.^[9]

InSoil’s Portfolio Performance Review (July 2025) shows that fully repaid loans have delivered an average realized return of 15.56%, with monthly actual returns ranging from 7.59% to 24.97% depending on project characteristics and collateral type.^[10]

According to InSoil’s latest statistics, the platform reports a weighted average interest rate of 13.13% and an average loan term of 35 months. The average loan size stands at approximately €31,864. Since launch, InSoil has funded a total of €89.62 million in loans, with €42.67 million repaid in principal and €46.17 million still outstanding. The platform discloses €7.93 million in defaulted principal, corresponding to a default rate of 8.93% based on total principal issued.^[11]

InSoil applies several fees as defined in its official Service Rates document. For investors, an administration fee of 0.1% per day applies to overdue borrower payments. On the borrower side, the platform collects an operator’s fee typically ranging between 1% and 8% of the project amount, determined individually.^[12] The company primarily generates revenue through loan service and origination fees, and supplements this with a referral program rewarding users who bring new investors.

InSoil (formerly HeavyFinance) was founded in 2020 by Laimonas Noreika, Darius Verseckas, and Andrius Liukaitis. Laimonas Noreika, Chief Executive Officer, brings extensive experience in fintech and marketplace lending, having previously co-founded and exited FinBee, another Lithuanian peer-to-peer lending platform. He is a member of the Forbes Business Council and leads InSoil’s strategy in sustainable agricultural finance. Audinga Besuspare, Co-CEO, brings broad management experience from international finance and growth-stage startups, focusing on scaling InSoil’s operations and strengthening its European footprint.

Darius Verseckas, Chief Marketing Officer, previously worked as a communications consultant and specialist at the Government of Lithuania, contributing to the company’s communication and branding strategy. Rytis Urbanavičius, Chief Financial Officer, has a background in corporate finance and risk analysis, with prior roles as a private-equity analyst and finance lecturer at ISM University of Management and Economics. Andrius Liukaitis, Head of Lending and Co-Founder, oversees credit risk and loan origination. He has a long background in banking and corporate finance, ensuring the quality of the platform’s agricultural loan portfolio. In addition, InSoil’s leadership includes specialists across technology, data science, legal, and carbon markets. This reflects its expansion into climate-impact investing and carbon credit generation.

In 2022, InSoil earned the title of Fintech Company of the Year at the Lithuanian Fintech Awards.

In 2025, InSoil significantly expanded its capital base and partnerships:

• €3 million seed round (April 2025) led by Practica Capital, with participation from existing backers, to accelerate European expansion and carbon-finance initiatives.^[13]
• €100 million partnership with Key Carbon (June 2025), including a €3.7 million investment, to scale regenerative-agriculture projects and develop InSoil’s Green Loans model under a royalty-based structure.^[14]
• The European Investment Fund (EIF) committed €20 million as cornerstone funding within InSoil’s €50 million agricultural-decarbonisation fund, launched to provide credit for low-emission farming across EU member states.^[15]

The company (registered as Heavy Finance UAB) lists eight shareholders. As of the 2023 audit, Laimonas Noreika holds 42.5 %, Practica Venture Capital holds 17.3 %, and the remaining shares are distributed across smaller shareholders, each under 10 %. The company has conducted several VC funding rounds, raising a total of over €5 million. The backers include Estonia-based start-up accelerator Startup Wise Guys, Lithuanian VC fund Practica Capital, and Polish VC fund Black Pearls VC. Mantas Mikuckas, co-founder of Vinted, invested €1 million in the company. Audited by Grant Thornton, UAB, InSoil disclosed a positive net profit of €375k in FY23, from the €1.1 million net loss reported for FY22. In the same period, InSoil increased their equity from €57k to astonishing €1.7 million.^[16]

1. InSoil “About Us”
2. InSoil: “FAQ: Who is permitted to invest on the InSoil platform?”
3. P2PMarketData: “InSoil Statistics”
4. InSoil: “Statistics - Main Statistics”
5. InSoil: “Types of collateral and securities in loans”
6. InSoil: “How It Works – Fixed Income”
7. InSoil: “The Hidden Opportunity: Why Uncollateralized Agricultural Debt Attracts Investors”
8. InSoil: “Grow Your Wealth with Agriculture”
9. InSoil: “DAS-1 Form”
10. InSoil: “Portfolio Performance Review – July 2025”
11. InSoil “Statistics - Portfolio Performance”
12. InSoil: “Service Rates”
13. InSoil: “Climate-tech specialist InSoil closes €3 million seed funding round”
14. Key Carbon: “Key Carbon and InSoil announce milestone €100 million partnership for European farmers”
15. InSoil: “InSoil launches €50 million fund for agricultural decarbonisation”
16. InSoil: “Heavy Finance 2023 Annual Report”

InSoil is a Lithuania-based investment platform launched in June 2020 and regulated by the Bank of Lithuania under the European Crowdfunding Service Providers Regulation (ECSPR). The platform connects small and medium-sized farmers with investors to finance sustainable agricultural practices and generate soil carbon credits. Through its marketplace, InSoil provides secured loans to European farmers, primarily in Poland, Portugal, Lithuania, Latvia, and Bulgaria, supporting activities that improve soil health and reduce CO₂ emissions. The company’s stated long-term goal is to remove one gigaton of CO₂ by 2050 through climate-friendly agriculture.^[1]

Both individual and corporate investors can participate on the platform, provided they are residents of countries not listed under EU or UN sanctions.^[2] InSoil has raised €89.16 million since launch. Over the last 12 months, it facilitated €28.02 million (an average of €2.34 million/month), with €2.48 million in September 2025 alone. InSoil’s own statistics page reports 15,358 registered investors.^{[3] [4]}

• InSoil connects farmers with investors to finance sustainable practices, aiming to reduce one gigaton of CO2 emissions by 2050.
• The platform offers European agricultural debt investments starting at €100, secured by collateral like heavy machinery and arable land.
• Company is founded by an owner of another successful marketplace lending platform and InSoil is backed by international VC capital (€1.3m, seed round)
• InSoil currently offers interest rates of 11.6% to 22.3% with loan durations from 11 to 48 months. Repayment follows a bullet loan structure, with full principal and monthly interest paid at the term’s end.
• InSoil secondary market hosts 525 loans with terms of a few days left to 117 months left, and some with delayed payments of up to 38 months.

InSoil enables investors to finance European agricultural loans that are typically asset-backed, using collateral such as agricultural land, heavy equipment, state guarantees, and other pledged assets.^[5] Investors enter into contractual agreements directly with InSoil, which then issues the loan to the borrower secured by collateral.^[6]

Investors can start with a minimum investment of €100 per project. Loan durations typically range from 12 to 48 months, and repayment terms usually follow a bullet structure, where investors receive monthly interest payments, and the principal is repaid in full at the end of the loan term. Loan amounts generally range between €10,000 and €150,000, with each loan individually assessed before being listed on the platform. In addition, InSoil also originates uncollateralized loans up to €25,000 in certain cases.^[7]

A secondary market allows investors to exit investments early by selling their claims to other users. Transferring an investment incurs a 1% fee based on the nominal value of the transferred right of claim. The secondary market hosts hundreds of active listings with varying remaining durations, and InSoil also provides an auto-invest feature that automatically allocates capital based on predefined investor preferences.^[8]

InSoil supports investors from countries that have a double taxation agreement with Lithuania, allowing them to reduce or avoid withholding tax on interest income by submitting a DAS form and proof of tax residency. Cashback bonuses are not subject to withholding tax on the platform.^[9]

InSoil’s Portfolio Performance Review (July 2025) shows that fully repaid loans have delivered an average realized return of 15.56%, with monthly actual returns ranging from 7.59% to 24.97% depending on project characteristics and collateral type.^[10]

According to InSoil’s latest statistics, the platform reports a weighted average interest rate of 13.13% and an average loan term of 35 months. The average loan size stands at approximately €31,864. Since launch, InSoil has funded a total of €89.62 million in loans, with €42.67 million repaid in principal and €46.17 million still outstanding. The platform discloses €7.93 million in defaulted principal, corresponding to a default rate of 8.93% based on total principal issued.^[11]

InSoil applies several fees as defined in its official Service Rates document. For investors, an administration fee of 0.1% per day applies to overdue borrower payments. On the borrower side, the platform collects an operator’s fee typically ranging between 1% and 8% of the project amount, determined individually.^[12] The company primarily generates revenue through loan service and origination fees, and supplements this with a referral program rewarding users who bring new investors.

InSoil (formerly HeavyFinance) was founded in 2020 by Laimonas Noreika, Darius Verseckas, and Andrius Liukaitis. Laimonas Noreika, Chief Executive Officer, brings extensive experience in fintech and marketplace lending, having previously co-founded and exited FinBee, another Lithuanian peer-to-peer lending platform. He is a member of the Forbes Business Council and leads InSoil’s strategy in sustainable agricultural finance. Audinga Besuspare, Co-CEO, brings broad management experience from international finance and growth-stage startups, focusing on scaling InSoil’s operations and strengthening its European footprint.

Darius Verseckas, Chief Marketing Officer, previously worked as a communications consultant and specialist at the Government of Lithuania, contributing to the company’s communication and branding strategy. Rytis Urbanavičius, Chief Financial Officer, has a background in corporate finance and risk analysis, with prior roles as a private-equity analyst and finance lecturer at ISM University of Management and Economics. Andrius Liukaitis, Head of Lending and Co-Founder, oversees credit risk and loan origination. He has a long background in banking and corporate finance, ensuring the quality of the platform’s agricultural loan portfolio. In addition, InSoil’s leadership includes specialists across technology, data science, legal, and carbon markets. This reflects its expansion into climate-impact investing and carbon credit generation.

In 2022, InSoil earned the title of Fintech Company of the Year at the Lithuanian Fintech Awards.

In 2025, InSoil significantly expanded its capital base and partnerships:

• €3 million seed round (April 2025) led by Practica Capital, with participation from existing backers, to accelerate European expansion and carbon-finance initiatives.^[13]
• €100 million partnership with Key Carbon (June 2025), including a €3.7 million investment, to scale regenerative-agriculture projects and develop InSoil’s Green Loans model under a royalty-based structure.^[14]
• The European Investment Fund (EIF) committed €20 million as cornerstone funding within InSoil’s €50 million agricultural-decarbonisation fund, launched to provide credit for low-emission farming across EU member states.^[15]

The company (registered as Heavy Finance UAB) lists eight shareholders. As of the 2023 audit, Laimonas Noreika holds 42.5 %, Practica Venture Capital holds 17.3 %, and the remaining shares are distributed across smaller shareholders, each under 10 %. The company has conducted several VC funding rounds, raising a total of over €5 million. The backers include Estonia-based start-up accelerator Startup Wise Guys, Lithuanian VC fund Practica Capital, and Polish VC fund Black Pearls VC. Mantas Mikuckas, co-founder of Vinted, invested €1 million in the company. Audited by Grant Thornton, UAB, InSoil disclosed a positive net profit of €375k in FY23, from the €1.1 million net loss reported for FY22. In the same period, InSoil increased their equity from €57k to astonishing €1.7 million.^[16]

1. InSoil “About Us”
2. InSoil: “FAQ: Who is permitted to invest on the InSoil platform?”
3. P2PMarketData: “InSoil Statistics”
4. InSoil: “Statistics - Main Statistics”
5. InSoil: “Types of collateral and securities in loans”
6. InSoil: “How It Works – Fixed Income”
7. InSoil: “The Hidden Opportunity: Why Uncollateralized Agricultural Debt Attracts Investors”
8. InSoil: “Grow Your Wealth with Agriculture”
9. InSoil: “DAS-1 Form”
10. InSoil: “Portfolio Performance Review – July 2025”
11. InSoil “Statistics - Portfolio Performance”
12. InSoil: “Service Rates”
13. InSoil: “Climate-tech specialist InSoil closes €3 million seed funding round”
14. Key Carbon: “Key Carbon and InSoil announce milestone €100 million partnership for European farmers”
15. InSoil: “InSoil launches €50 million fund for agricultural decarbonisation”
16. InSoil: “Heavy Finance 2023 Annual Report”

InSoil is a Lithuania-based investment platform launched in June 2020 and regulated by the Bank of Lithuania under the European Crowdfunding Service Providers Regulation (ECSPR). The platform connects small and medium-sized farmers with investors to finance sustainable agricultural practices and generate soil carbon credits. Through its marketplace, InSoil provides secured loans to European farmers, primarily in Poland, Portugal, Lithuania, Latvia, and Bulgaria, supporting activities that improve soil health and reduce CO₂ emissions. The company’s stated long-term goal is to remove one gigaton of CO₂ by 2050 through climate-friendly agriculture.^[1]

Both individual and corporate investors can participate on the platform, provided they are residents of countries not listed under EU or UN sanctions.^[2] InSoil has raised €89.16 million since launch. Over the last 12 months, it facilitated €28.02 million (an average of €2.34 million/month), with €2.48 million in September 2025 alone. InSoil’s own statistics page reports 15,358 registered investors.^{[3] [4]}

• InSoil connects farmers with investors to finance sustainable practices, aiming to reduce one gigaton of CO2 emissions by 2050.
• The platform offers European agricultural debt investments starting at €100, secured by collateral like heavy machinery and arable land.
• Company is founded by an owner of another successful marketplace lending platform and InSoil is backed by international VC capital (€1.3m, seed round)
• InSoil currently offers interest rates of 11.6% to 22.3% with loan durations from 11 to 48 months. Repayment follows a bullet loan structure, with full principal and monthly interest paid at the term’s end.
• InSoil secondary market hosts 525 loans with terms of a few days left to 117 months left, and some with delayed payments of up to 38 months.

InSoil enables investors to finance European agricultural loans that are typically asset-backed, using collateral such as agricultural land, heavy equipment, state guarantees, and other pledged assets.^[5] Investors enter into contractual agreements directly with InSoil, which then issues the loan to the borrower secured by collateral.^[6]

Investors can start with a minimum investment of €100 per project. Loan durations typically range from 12 to 48 months, and repayment terms usually follow a bullet structure, where investors receive monthly interest payments, and the principal is repaid in full at the end of the loan term. Loan amounts generally range between €10,000 and €150,000, with each loan individually assessed before being listed on the platform. In addition, InSoil also originates uncollateralized loans up to €25,000 in certain cases.^[7]

A secondary market allows investors to exit investments early by selling their claims to other users. Transferring an investment incurs a 1% fee based on the nominal value of the transferred right of claim. The secondary market hosts hundreds of active listings with varying remaining durations, and InSoil also provides an auto-invest feature that automatically allocates capital based on predefined investor preferences.^[8]

InSoil supports investors from countries that have a double taxation agreement with Lithuania, allowing them to reduce or avoid withholding tax on interest income by submitting a DAS form and proof of tax residency. Cashback bonuses are not subject to withholding tax on the platform.^[9]

InSoil’s Portfolio Performance Review (July 2025) shows that fully repaid loans have delivered an average realized return of 15.56%, with monthly actual returns ranging from 7.59% to 24.97% depending on project characteristics and collateral type.^[10]

According to InSoil’s latest statistics, the platform reports a weighted average interest rate of 13.13% and an average loan term of 35 months. The average loan size stands at approximately €31,864. Since launch, InSoil has funded a total of €89.62 million in loans, with €42.67 million repaid in principal and €46.17 million still outstanding. The platform discloses €7.93 million in defaulted principal, corresponding to a default rate of 8.93% based on total principal issued.^[11]

InSoil applies several fees as defined in its official Service Rates document. For investors, an administration fee of 0.1% per day applies to overdue borrower payments. On the borrower side, the platform collects an operator’s fee typically ranging between 1% and 8% of the project amount, determined individually.^[12] The company primarily generates revenue through loan service and origination fees, and supplements this with a referral program rewarding users who bring new investors.

InSoil (formerly HeavyFinance) was founded in 2020 by Laimonas Noreika, Darius Verseckas, and Andrius Liukaitis. Laimonas Noreika, Chief Executive Officer, brings extensive experience in fintech and marketplace lending, having previously co-founded and exited FinBee, another Lithuanian peer-to-peer lending platform. He is a member of the Forbes Business Council and leads InSoil’s strategy in sustainable agricultural finance. Audinga Besuspare, Co-CEO, brings broad management experience from international finance and growth-stage startups, focusing on scaling InSoil’s operations and strengthening its European footprint.

Darius Verseckas, Chief Marketing Officer, previously worked as a communications consultant and specialist at the Government of Lithuania, contributing to the company’s communication and branding strategy. Rytis Urbanavičius, Chief Financial Officer, has a background in corporate finance and risk analysis, with prior roles as a private-equity analyst and finance lecturer at ISM University of Management and Economics. Andrius Liukaitis, Head of Lending and Co-Founder, oversees credit risk and loan origination. He has a long background in banking and corporate finance, ensuring the quality of the platform’s agricultural loan portfolio. In addition, InSoil’s leadership includes specialists across technology, data science, legal, and carbon markets. This reflects its expansion into climate-impact investing and carbon credit generation.

In 2022, InSoil earned the title of Fintech Company of the Year at the Lithuanian Fintech Awards.

In 2025, InSoil significantly expanded its capital base and partnerships:

• €3 million seed round (April 2025) led by Practica Capital, with participation from existing backers, to accelerate European expansion and carbon-finance initiatives.^[13]
• €100 million partnership with Key Carbon (June 2025), including a €3.7 million investment, to scale regenerative-agriculture projects and develop InSoil’s Green Loans model under a royalty-based structure.^[14]
• The European Investment Fund (EIF) committed €20 million as cornerstone funding within InSoil’s €50 million agricultural-decarbonisation fund, launched to provide credit for low-emission farming across EU member states.^[15]

The company (registered as Heavy Finance UAB) lists eight shareholders. As of the 2023 audit, Laimonas Noreika holds 42.5 %, Practica Venture Capital holds 17.3 %, and the remaining shares are distributed across smaller shareholders, each under 10 %. The company has conducted several VC funding rounds, raising a total of over €5 million. The backers include Estonia-based start-up accelerator Startup Wise Guys, Lithuanian VC fund Practica Capital, and Polish VC fund Black Pearls VC. Mantas Mikuckas, co-founder of Vinted, invested €1 million in the company. Audited by Grant Thornton, UAB, InSoil disclosed a positive net profit of €375k in FY23, from the €1.1 million net loss reported for FY22. In the same period, InSoil increased their equity from €57k to astonishing €1.7 million.^[16]

1. InSoil “About Us”
2. InSoil: “FAQ: Who is permitted to invest on the InSoil platform?”
3. P2PMarketData: “InSoil Statistics”
4. InSoil: “Statistics - Main Statistics”
5. InSoil: “Types of collateral and securities in loans”
6. InSoil: “How It Works – Fixed Income”
7. InSoil: “The Hidden Opportunity: Why Uncollateralized Agricultural Debt Attracts Investors”
8. InSoil: “Grow Your Wealth with Agriculture”
9. InSoil: “DAS-1 Form”
10. InSoil: “Portfolio Performance Review – July 2025”
11. InSoil “Statistics - Portfolio Performance”
12. InSoil: “Service Rates”
13. InSoil: “Climate-tech specialist InSoil closes €3 million seed funding round”
14. Key Carbon: “Key Carbon and InSoil announce milestone €100 million partnership for European farmers”
15. InSoil: “InSoil launches €50 million fund for agricultural decarbonisation”
16. InSoil: “Heavy Finance 2023 Annual Report”

InSoil is a Lithuania-based investment platform launched in June 2020 and regulated by the Bank of Lithuania under the European Crowdfunding Service Providers Regulation (ECSPR). The platform connects small and medium-sized farmers with investors to finance sustainable agricultural practices and generate soil carbon credits. Through its marketplace, InSoil provides secured loans to European farmers, primarily in Poland, Portugal, Lithuania, Latvia, and Bulgaria, supporting activities that improve soil health and reduce CO₂ emissions. The company’s stated long-term goal is to remove one gigaton of CO₂ by 2050 through climate-friendly agriculture.^[1]

Both individual and corporate investors can participate on the platform, provided they are residents of countries not listed under EU or UN sanctions.^[2] InSoil has raised €89.16 million since launch. Over the last 12 months, it facilitated €28.02 million (an average of €2.34 million/month), with €2.48 million in September 2025 alone. InSoil’s own statistics page reports 15,358 registered investors.^{[3] [4]}

• InSoil connects farmers with investors to finance sustainable practices, aiming to reduce one gigaton of CO2 emissions by 2050.
• The platform offers European agricultural debt investments starting at €100, secured by collateral like heavy machinery and arable land.
• Company is founded by an owner of another successful marketplace lending platform and InSoil is backed by international VC capital (€1.3m, seed round)
• InSoil currently offers interest rates of 11.6% to 22.3% with loan durations from 11 to 48 months. Repayment follows a bullet loan structure, with full principal and monthly interest paid at the term’s end.
• InSoil secondary market hosts 525 loans with terms of a few days left to 117 months left, and some with delayed payments of up to 38 months.

InSoil enables investors to finance European agricultural loans that are typically asset-backed, using collateral such as agricultural land, heavy equipment, state guarantees, and other pledged assets.^[5] Investors enter into contractual agreements directly with InSoil, which then issues the loan to the borrower secured by collateral.^[6]

Investors can start with a minimum investment of €100 per project. Loan durations typically range from 12 to 48 months, and repayment terms usually follow a bullet structure, where investors receive monthly interest payments, and the principal is repaid in full at the end of the loan term. Loan amounts generally range between €10,000 and €150,000, with each loan individually assessed before being listed on the platform. In addition, InSoil also originates uncollateralized loans up to €25,000 in certain cases.^[7]

A secondary market allows investors to exit investments early by selling their claims to other users. Transferring an investment incurs a 1% fee based on the nominal value of the transferred right of claim. The secondary market hosts hundreds of active listings with varying remaining durations, and InSoil also provides an auto-invest feature that automatically allocates capital based on predefined investor preferences.^[8]

InSoil supports investors from countries that have a double taxation agreement with Lithuania, allowing them to reduce or avoid withholding tax on interest income by submitting a DAS form and proof of tax residency. Cashback bonuses are not subject to withholding tax on the platform.^[9]

InSoil’s Portfolio Performance Review (July 2025) shows that fully repaid loans have delivered an average realized return of 15.56%, with monthly actual returns ranging from 7.59% to 24.97% depending on project characteristics and collateral type.^[10]

According to InSoil’s latest statistics, the platform reports a weighted average interest rate of 13.13% and an average loan term of 35 months. The average loan size stands at approximately €31,864. Since launch, InSoil has funded a total of €89.62 million in loans, with €42.67 million repaid in principal and €46.17 million still outstanding. The platform discloses €7.93 million in defaulted principal, corresponding to a default rate of 8.93% based on total principal issued.^[11]

InSoil applies several fees as defined in its official Service Rates document. For investors, an administration fee of 0.1% per day applies to overdue borrower payments. On the borrower side, the platform collects an operator’s fee typically ranging between 1% and 8% of the project amount, determined individually.^[12] The company primarily generates revenue through loan service and origination fees, and supplements this with a referral program rewarding users who bring new investors.

InSoil (formerly HeavyFinance) was founded in 2020 by Laimonas Noreika, Darius Verseckas, and Andrius Liukaitis. Laimonas Noreika, Chief Executive Officer, brings extensive experience in fintech and marketplace lending, having previously co-founded and exited FinBee, another Lithuanian peer-to-peer lending platform. He is a member of the Forbes Business Council and leads InSoil’s strategy in sustainable agricultural finance. Audinga Besuspare, Co-CEO, brings broad management experience from international finance and growth-stage startups, focusing on scaling InSoil’s operations and strengthening its European footprint.

Darius Verseckas, Chief Marketing Officer, previously worked as a communications consultant and specialist at the Government of Lithuania, contributing to the company’s communication and branding strategy. Rytis Urbanavičius, Chief Financial Officer, has a background in corporate finance and risk analysis, with prior roles as a private-equity analyst and finance lecturer at ISM University of Management and Economics. Andrius Liukaitis, Head of Lending and Co-Founder, oversees credit risk and loan origination. He has a long background in banking and corporate finance, ensuring the quality of the platform’s agricultural loan portfolio. In addition, InSoil’s leadership includes specialists across technology, data science, legal, and carbon markets. This reflects its expansion into climate-impact investing and carbon credit generation.

In 2022, InSoil earned the title of Fintech Company of the Year at the Lithuanian Fintech Awards.

In 2025, InSoil significantly expanded its capital base and partnerships:

• €3 million seed round (April 2025) led by Practica Capital, with participation from existing backers, to accelerate European expansion and carbon-finance initiatives.^[13]
• €100 million partnership with Key Carbon (June 2025), including a €3.7 million investment, to scale regenerative-agriculture projects and develop InSoil’s Green Loans model under a royalty-based structure.^[14]
• The European Investment Fund (EIF) committed €20 million as cornerstone funding within InSoil’s €50 million agricultural-decarbonisation fund, launched to provide credit for low-emission farming across EU member states.^[15]

The company (registered as Heavy Finance UAB) lists eight shareholders. As of the 2023 audit, Laimonas Noreika holds 42.5 %, Practica Venture Capital holds 17.3 %, and the remaining shares are distributed across smaller shareholders, each under 10 %. The company has conducted several VC funding rounds, raising a total of over €5 million. The backers include Estonia-based start-up accelerator Startup Wise Guys, Lithuanian VC fund Practica Capital, and Polish VC fund Black Pearls VC. Mantas Mikuckas, co-founder of Vinted, invested €1 million in the company. Audited by Grant Thornton, UAB, InSoil disclosed a positive net profit of €375k in FY23, from the €1.1 million net loss reported for FY22. In the same period, InSoil increased their equity from €57k to astonishing €1.7 million.^[16]

1. InSoil “About Us”
2. InSoil: “FAQ: Who is permitted to invest on the InSoil platform?”
3. P2PMarketData: “InSoil Statistics”
4. InSoil: “Statistics - Main Statistics”
5. InSoil: “Types of collateral and securities in loans”
6. InSoil: “How It Works – Fixed Income”
7. InSoil: “The Hidden Opportunity: Why Uncollateralized Agricultural Debt Attracts Investors”
8. InSoil: “Grow Your Wealth with Agriculture”
9. InSoil: “DAS-1 Form”
10. InSoil: “Portfolio Performance Review – July 2025”
11. InSoil “Statistics - Portfolio Performance”
12. InSoil: “Service Rates”
13. InSoil: “Climate-tech specialist InSoil closes €3 million seed funding round”
14. Key Carbon: “Key Carbon and InSoil announce milestone €100 million partnership for European farmers”
15. InSoil: “InSoil launches €50 million fund for agricultural decarbonisation”
16. InSoil: “Heavy Finance 2023 Annual Report”