Lande

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain.

Since its launch in 2019, Lande has secured a total funding of more than €32 million, with more than €11.50 million funded in the past year, averaging a volume of €0.96 million monthly.^[1] The platform boasts a community of 8,534 investors.^[2]

• Lande offers three types of agricultural loans at a minimum investment of €50.
• Interest rates range from 10% to 16%, with loan repayment schedules structured as annuity, bullet, full bullet, or balloon depending on the project type.
• Loans are backed by collateral and have a duration ranging from 9 to 36 months.
• Around 4.8% of loans are 5–30 days late, 2% are 31–60 days late, and 4.6% are over 60 days late. The current default rate stands at 5.7%.

Lande serves as a middleman, connecting investors with farmers seeking financing. Investors can choose from three types of loan investments, starting at a minimum of €50: Seasonal Funding, Machinery Loans, and Land Buying. These loans are secured by five types of collateral: Land, Harvest, Machinery, Financials, and Livestock.

The platform manages collateral based on the loan type:

• Seasonal Funding: Personal guarantee and a three-way agreement (grain buyer, Lande, and the farmer), representing approximately 20% of the total portfolio.
• Machinery Loans: Secured by a commercial pledge, comprising around 34% of the portfolio.
• Land Buying: Backed by a land mortgage, accounting for 47% of the portfolio.

Lande does not offer a buyback guarantee for grain or real estate projects. Loan repayment is backed by collateral for real estate projects, and by insurance, personal guarantees, and three-way agreements with harvest buyers for grain projects. Investors receive interest throughout the loan term until full repayment.^[3]

Loan durations range from 9 to 36 months, typically:

• 3 to 12 months for Seasonal Funding
• 12 to 36 months for Machinery Loans
• 12 to 60 months for Land Buying

Investment sizes range from €2,500 to €155,200.^[4] Lande’s repayment schedules are designed to align with the seasonal cash flows of farming. Depending on the project, the repayment structure may be:

• Annuity: Fixed monthly payments of principal and interest
• Bullet: Monthly interest payments; principal repaid at maturity
• Full Bullet: Principal and interest repaid in a lump sum at maturity
• Balloon: Monthly annuity-style payments with a larger final payment

Lande does not withhold taxes on interest paid to investors. The platform also offers a secondary market for loan sales, with no fees charged to sellers. An auto-invest feature is available, allowing investors to automatically invest in newly published projects.

Among the currently listed projects, Lande offers interest rates ranging from 10% to 16%. Since its launch, the platform has funded 2,932 projects and distributed €2.90 million in earned interest to investors. As for the loan status:

• 5–30 days late: Approximately 4.8% of loans, amounting to around €1,689,000
• 31–60 days late: Approximately 2.0% of loans, amounting to around €717,000
• Over 60 days late: Approximately 4.6% of loans, amounting to around €1,630,000

The current default rate stands at 5.7%. However, the platform does not provide any insight into the actual net return for investors.^[5]

Lande does not charge direct fees to investors but makes money by imposing expenses and fees on borrowers. These fees are covered in the loan agreements and include a success fee, deducted from the target loan amount transferred to the Borrower.^[6]

Lande was founded by Nikita Gončars and Edgars Tālums initially as LendSecured and then rebranded to Lande. They previously ran a mortgage and agricultural lending service business Latvijas Hipotēka Ltd.

Today Nikita Gončars is the founder and CEO of Lande. He, along with a team of seasoned professionals in lending and real estate, brings over a decade of industry expertise. Jānis Laiviņš serves as the Chief Legal Officer, contributing to the team's diverse skills, which include an in-house debt collection department and a sales team with significant financial knowledge.

SIA LANDE Platform, headquartered in Riga, Latvia, partners with Lemonway, a French payment institution authorized by the ACPR (Banque de France), to ensure a clear separation between investor funds and company assets during lending and borrowing transactions. Nikita Gončars, one of the founders, is the primary controlling owner, holding 75.34% of the company's shares. Additional ownership is held through three entities: VAUBAN NOMINEES LIMITED, BADideas OÜ, and other shareholders under the umbrella of LANDE INVESTORS.^[7]

Lande has raised a total of €1.1 million across two funding rounds. Their most recent round was a Seed round on November 16, 2022, where they secured €520,000 from SeedBlink, a European equity management and investment platform. Earlier, they completed a pre-seed round with the Latvian Business Angel Network, raising €550,000.^[8]

In FY23, Lande Platform increased funding to €11.4 million, up 128% from €5 million in FY22, and grew revenue to €1,610,293, a 368% increase from €344,014 in 2022. However, losses also rose to €73,129, up 463% from €12,981 in 2022. The company attributes these losses to investments in the Romanian market.^[9]

In FY24, Lande reported a net profit of €166,900, reversing the €73,100 loss recorded in FY23. During the same period, revenue increased by 22%, reaching €1.96 million.^[10]

Lande now continues to focus on risk mitigation for sustainable growth via stricter lending policies, market expansion in Romania and Lithuania, IT and process improvements, and enhanced regulatory compliance. The platform continues to facilitate loans across Latvia, Lithuania, and Romania, strengthening its presence and improving client monitoring, particularly in Romania. Additionally, Lande has expanded collaborations with local agents and signed several new agreements.^[11]

1. P2PMarketData: “Lande Statistics”
2. Lande: “Statistics”
3. Lande: “Help - Does LANDE provide buyback guarantee?”
4. Lande: “How it works”
5. Lande: “Statistics: Loan statistics”
6. Lande: “Terms and Conditions”
7. Latvia Business Register: “Latvijas Republikas Uzņēmumu reģistrs”: “SIA "Lande Platform" Persons”
8. Crunchbase: “LANDE - Financials”
9. Lande: “Transparency - Annual Report”
10. Alternative Credit Investor: “Lande swings into black as it eyes growth in 2025”
11. Lande: “Blog - LANDE Platform Performance Report – March 2025”

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain.

Since its launch in 2019, Lande has secured a total funding of more than €32 million, with more than €11.50 million funded in the past year, averaging a volume of €0.96 million monthly.^[1] The platform boasts a community of 8,534 investors.^[2]

• Lande offers three types of agricultural loans at a minimum investment of €50.
• Interest rates range from 10% to 16%, with loan repayment schedules structured as annuity, bullet, full bullet, or balloon depending on the project type.
• Loans are backed by collateral and have a duration ranging from 9 to 36 months.
• Around 4.8% of loans are 5–30 days late, 2% are 31–60 days late, and 4.6% are over 60 days late. The current default rate stands at 5.7%.

Lande serves as a middleman, connecting investors with farmers seeking financing. Investors can choose from three types of loan investments, starting at a minimum of €50: Seasonal Funding, Machinery Loans, and Land Buying. These loans are secured by five types of collateral: Land, Harvest, Machinery, Financials, and Livestock.

The platform manages collateral based on the loan type:

• Seasonal Funding: Personal guarantee and a three-way agreement (grain buyer, Lande, and the farmer), representing approximately 20% of the total portfolio.
• Machinery Loans: Secured by a commercial pledge, comprising around 34% of the portfolio.
• Land Buying: Backed by a land mortgage, accounting for 47% of the portfolio.

Lande does not offer a buyback guarantee for grain or real estate projects. Loan repayment is backed by collateral for real estate projects, and by insurance, personal guarantees, and three-way agreements with harvest buyers for grain projects. Investors receive interest throughout the loan term until full repayment.^[3]

Loan durations range from 9 to 36 months, typically:

• 3 to 12 months for Seasonal Funding
• 12 to 36 months for Machinery Loans
• 12 to 60 months for Land Buying

Investment sizes range from €2,500 to €155,200.^[4] Lande’s repayment schedules are designed to align with the seasonal cash flows of farming. Depending on the project, the repayment structure may be:

• Annuity: Fixed monthly payments of principal and interest
• Bullet: Monthly interest payments; principal repaid at maturity
• Full Bullet: Principal and interest repaid in a lump sum at maturity
• Balloon: Monthly annuity-style payments with a larger final payment

Lande does not withhold taxes on interest paid to investors. The platform also offers a secondary market for loan sales, with no fees charged to sellers. An auto-invest feature is available, allowing investors to automatically invest in newly published projects.

Among the currently listed projects, Lande offers interest rates ranging from 10% to 16%. Since its launch, the platform has funded 2,932 projects and distributed €2.90 million in earned interest to investors. As for the loan status:

• 5–30 days late: Approximately 4.8% of loans, amounting to around €1,689,000
• 31–60 days late: Approximately 2.0% of loans, amounting to around €717,000
• Over 60 days late: Approximately 4.6% of loans, amounting to around €1,630,000

The current default rate stands at 5.7%. However, the platform does not provide any insight into the actual net return for investors.^[5]

Lande does not charge direct fees to investors but makes money by imposing expenses and fees on borrowers. These fees are covered in the loan agreements and include a success fee, deducted from the target loan amount transferred to the Borrower.^[6]

Lande was founded by Nikita Gončars and Edgars Tālums initially as LendSecured and then rebranded to Lande. They previously ran a mortgage and agricultural lending service business Latvijas Hipotēka Ltd.

Today Nikita Gončars is the founder and CEO of Lande. He, along with a team of seasoned professionals in lending and real estate, brings over a decade of industry expertise. Jānis Laiviņš serves as the Chief Legal Officer, contributing to the team's diverse skills, which include an in-house debt collection department and a sales team with significant financial knowledge.

SIA LANDE Platform, headquartered in Riga, Latvia, partners with Lemonway, a French payment institution authorized by the ACPR (Banque de France), to ensure a clear separation between investor funds and company assets during lending and borrowing transactions. Nikita Gončars, one of the founders, is the primary controlling owner, holding 75.34% of the company's shares. Additional ownership is held through three entities: VAUBAN NOMINEES LIMITED, BADideas OÜ, and other shareholders under the umbrella of LANDE INVESTORS.^[7]

Lande has raised a total of €1.1 million across two funding rounds. Their most recent round was a Seed round on November 16, 2022, where they secured €520,000 from SeedBlink, a European equity management and investment platform. Earlier, they completed a pre-seed round with the Latvian Business Angel Network, raising €550,000.^[8]

In FY23, Lande Platform increased funding to €11.4 million, up 128% from €5 million in FY22, and grew revenue to €1,610,293, a 368% increase from €344,014 in 2022. However, losses also rose to €73,129, up 463% from €12,981 in 2022. The company attributes these losses to investments in the Romanian market.^[9]

In FY24, Lande reported a net profit of €166,900, reversing the €73,100 loss recorded in FY23. During the same period, revenue increased by 22%, reaching €1.96 million.^[10]

Lande now continues to focus on risk mitigation for sustainable growth via stricter lending policies, market expansion in Romania and Lithuania, IT and process improvements, and enhanced regulatory compliance. The platform continues to facilitate loans across Latvia, Lithuania, and Romania, strengthening its presence and improving client monitoring, particularly in Romania. Additionally, Lande has expanded collaborations with local agents and signed several new agreements.^[11]

1. P2PMarketData: “Lande Statistics”
2. Lande: “Statistics”
3. Lande: “Help - Does LANDE provide buyback guarantee?”
4. Lande: “How it works”
5. Lande: “Statistics: Loan statistics”
6. Lande: “Terms and Conditions”
7. Latvia Business Register: “Latvijas Republikas Uzņēmumu reģistrs”: “SIA "Lande Platform" Persons”
8. Crunchbase: “LANDE - Financials”
9. Lande: “Transparency - Annual Report”
10. Alternative Credit Investor: “Lande swings into black as it eyes growth in 2025”
11. Lande: “Blog - LANDE Platform Performance Report – March 2025”

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain.

Since its launch in 2019, Lande has secured a total funding of more than €32 million, with more than €11.50 million funded in the past year, averaging a volume of €0.96 million monthly.^[1] The platform boasts a community of 8,534 investors.^[2]

• Lande offers three types of agricultural loans at a minimum investment of €50.
• Interest rates range from 10% to 16%, with loan repayment schedules structured as annuity, bullet, full bullet, or balloon depending on the project type.
• Loans are backed by collateral and have a duration ranging from 9 to 36 months.
• Around 4.8% of loans are 5–30 days late, 2% are 31–60 days late, and 4.6% are over 60 days late. The current default rate stands at 5.7%.

Lande serves as a middleman, connecting investors with farmers seeking financing. Investors can choose from three types of loan investments, starting at a minimum of €50: Seasonal Funding, Machinery Loans, and Land Buying. These loans are secured by five types of collateral: Land, Harvest, Machinery, Financials, and Livestock.

The platform manages collateral based on the loan type:

• Seasonal Funding: Personal guarantee and a three-way agreement (grain buyer, Lande, and the farmer), representing approximately 20% of the total portfolio.
• Machinery Loans: Secured by a commercial pledge, comprising around 34% of the portfolio.
• Land Buying: Backed by a land mortgage, accounting for 47% of the portfolio.

Lande does not offer a buyback guarantee for grain or real estate projects. Loan repayment is backed by collateral for real estate projects, and by insurance, personal guarantees, and three-way agreements with harvest buyers for grain projects. Investors receive interest throughout the loan term until full repayment.^[3]

Loan durations range from 9 to 36 months, typically:

• 3 to 12 months for Seasonal Funding
• 12 to 36 months for Machinery Loans
• 12 to 60 months for Land Buying

Investment sizes range from €2,500 to €155,200.^[4] Lande’s repayment schedules are designed to align with the seasonal cash flows of farming. Depending on the project, the repayment structure may be:

• Annuity: Fixed monthly payments of principal and interest
• Bullet: Monthly interest payments; principal repaid at maturity
• Full Bullet: Principal and interest repaid in a lump sum at maturity
• Balloon: Monthly annuity-style payments with a larger final payment

Lande does not withhold taxes on interest paid to investors. The platform also offers a secondary market for loan sales, with no fees charged to sellers. An auto-invest feature is available, allowing investors to automatically invest in newly published projects.

Among the currently listed projects, Lande offers interest rates ranging from 10% to 16%. Since its launch, the platform has funded 2,932 projects and distributed €2.90 million in earned interest to investors. As for the loan status:

• 5–30 days late: Approximately 4.8% of loans, amounting to around €1,689,000
• 31–60 days late: Approximately 2.0% of loans, amounting to around €717,000
• Over 60 days late: Approximately 4.6% of loans, amounting to around €1,630,000

The current default rate stands at 5.7%. However, the platform does not provide any insight into the actual net return for investors.^[5]

Lande does not charge direct fees to investors but makes money by imposing expenses and fees on borrowers. These fees are covered in the loan agreements and include a success fee, deducted from the target loan amount transferred to the Borrower.^[6]

Lande was founded by Nikita Gončars and Edgars Tālums initially as LendSecured and then rebranded to Lande. They previously ran a mortgage and agricultural lending service business Latvijas Hipotēka Ltd.

Today Nikita Gončars is the founder and CEO of Lande. He, along with a team of seasoned professionals in lending and real estate, brings over a decade of industry expertise. Jānis Laiviņš serves as the Chief Legal Officer, contributing to the team's diverse skills, which include an in-house debt collection department and a sales team with significant financial knowledge.

SIA LANDE Platform, headquartered in Riga, Latvia, partners with Lemonway, a French payment institution authorized by the ACPR (Banque de France), to ensure a clear separation between investor funds and company assets during lending and borrowing transactions. Nikita Gončars, one of the founders, is the primary controlling owner, holding 75.34% of the company's shares. Additional ownership is held through three entities: VAUBAN NOMINEES LIMITED, BADideas OÜ, and other shareholders under the umbrella of LANDE INVESTORS.^[7]

Lande has raised a total of €1.1 million across two funding rounds. Their most recent round was a Seed round on November 16, 2022, where they secured €520,000 from SeedBlink, a European equity management and investment platform. Earlier, they completed a pre-seed round with the Latvian Business Angel Network, raising €550,000.^[8]

In FY23, Lande Platform increased funding to €11.4 million, up 128% from €5 million in FY22, and grew revenue to €1,610,293, a 368% increase from €344,014 in 2022. However, losses also rose to €73,129, up 463% from €12,981 in 2022. The company attributes these losses to investments in the Romanian market.^[9]

In FY24, Lande reported a net profit of €166,900, reversing the €73,100 loss recorded in FY23. During the same period, revenue increased by 22%, reaching €1.96 million.^[10]

Lande now continues to focus on risk mitigation for sustainable growth via stricter lending policies, market expansion in Romania and Lithuania, IT and process improvements, and enhanced regulatory compliance. The platform continues to facilitate loans across Latvia, Lithuania, and Romania, strengthening its presence and improving client monitoring, particularly in Romania. Additionally, Lande has expanded collaborations with local agents and signed several new agreements.^[11]

1. P2PMarketData: “Lande Statistics”
2. Lande: “Statistics”
3. Lande: “Help - Does LANDE provide buyback guarantee?”
4. Lande: “How it works”
5. Lande: “Statistics: Loan statistics”
6. Lande: “Terms and Conditions”
7. Latvia Business Register: “Latvijas Republikas Uzņēmumu reģistrs”: “SIA "Lande Platform" Persons”
8. Crunchbase: “LANDE - Financials”
9. Lande: “Transparency - Annual Report”
10. Alternative Credit Investor: “Lande swings into black as it eyes growth in 2025”
11. Lande: “Blog - LANDE Platform Performance Report – March 2025”

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain.

Since its launch in 2019, Lande has secured a total funding of more than €32 million, with more than €11.50 million funded in the past year, averaging a volume of €0.96 million monthly.^[1] The platform boasts a community of 8,534 investors.^[2]

• Lande offers three types of agricultural loans at a minimum investment of €50.
• Interest rates range from 10% to 16%, with loan repayment schedules structured as annuity, bullet, full bullet, or balloon depending on the project type.
• Loans are backed by collateral and have a duration ranging from 9 to 36 months.
• Around 4.8% of loans are 5–30 days late, 2% are 31–60 days late, and 4.6% are over 60 days late. The current default rate stands at 5.7%.

Lande serves as a middleman, connecting investors with farmers seeking financing. Investors can choose from three types of loan investments, starting at a minimum of €50: Seasonal Funding, Machinery Loans, and Land Buying. These loans are secured by five types of collateral: Land, Harvest, Machinery, Financials, and Livestock.

The platform manages collateral based on the loan type:

• Seasonal Funding: Personal guarantee and a three-way agreement (grain buyer, Lande, and the farmer), representing approximately 20% of the total portfolio.
• Machinery Loans: Secured by a commercial pledge, comprising around 34% of the portfolio.
• Land Buying: Backed by a land mortgage, accounting for 47% of the portfolio.

Lande does not offer a buyback guarantee for grain or real estate projects. Loan repayment is backed by collateral for real estate projects, and by insurance, personal guarantees, and three-way agreements with harvest buyers for grain projects. Investors receive interest throughout the loan term until full repayment.^[3]

Loan durations range from 9 to 36 months, typically:

• 3 to 12 months for Seasonal Funding
• 12 to 36 months for Machinery Loans
• 12 to 60 months for Land Buying

Investment sizes range from €2,500 to €155,200.^[4] Lande’s repayment schedules are designed to align with the seasonal cash flows of farming. Depending on the project, the repayment structure may be:

• Annuity: Fixed monthly payments of principal and interest
• Bullet: Monthly interest payments; principal repaid at maturity
• Full Bullet: Principal and interest repaid in a lump sum at maturity
• Balloon: Monthly annuity-style payments with a larger final payment

Lande does not withhold taxes on interest paid to investors. The platform also offers a secondary market for loan sales, with no fees charged to sellers. An auto-invest feature is available, allowing investors to automatically invest in newly published projects.

Among the currently listed projects, Lande offers interest rates ranging from 10% to 16%. Since its launch, the platform has funded 2,932 projects and distributed €2.90 million in earned interest to investors. As for the loan status:

• 5–30 days late: Approximately 4.8% of loans, amounting to around €1,689,000
• 31–60 days late: Approximately 2.0% of loans, amounting to around €717,000
• Over 60 days late: Approximately 4.6% of loans, amounting to around €1,630,000

The current default rate stands at 5.7%. However, the platform does not provide any insight into the actual net return for investors.^[5]

Lande does not charge direct fees to investors but makes money by imposing expenses and fees on borrowers. These fees are covered in the loan agreements and include a success fee, deducted from the target loan amount transferred to the Borrower.^[6]

Lande was founded by Nikita Gončars and Edgars Tālums initially as LendSecured and then rebranded to Lande. They previously ran a mortgage and agricultural lending service business Latvijas Hipotēka Ltd.

Today Nikita Gončars is the founder and CEO of Lande. He, along with a team of seasoned professionals in lending and real estate, brings over a decade of industry expertise. Jānis Laiviņš serves as the Chief Legal Officer, contributing to the team's diverse skills, which include an in-house debt collection department and a sales team with significant financial knowledge.

SIA LANDE Platform, headquartered in Riga, Latvia, partners with Lemonway, a French payment institution authorized by the ACPR (Banque de France), to ensure a clear separation between investor funds and company assets during lending and borrowing transactions. Nikita Gončars, one of the founders, is the primary controlling owner, holding 75.34% of the company's shares. Additional ownership is held through three entities: VAUBAN NOMINEES LIMITED, BADideas OÜ, and other shareholders under the umbrella of LANDE INVESTORS.^[7]

Lande has raised a total of €1.1 million across two funding rounds. Their most recent round was a Seed round on November 16, 2022, where they secured €520,000 from SeedBlink, a European equity management and investment platform. Earlier, they completed a pre-seed round with the Latvian Business Angel Network, raising €550,000.^[8]

In FY23, Lande Platform increased funding to €11.4 million, up 128% from €5 million in FY22, and grew revenue to €1,610,293, a 368% increase from €344,014 in 2022. However, losses also rose to €73,129, up 463% from €12,981 in 2022. The company attributes these losses to investments in the Romanian market.^[9]

In FY24, Lande reported a net profit of €166,900, reversing the €73,100 loss recorded in FY23. During the same period, revenue increased by 22%, reaching €1.96 million.^[10]

Lande now continues to focus on risk mitigation for sustainable growth via stricter lending policies, market expansion in Romania and Lithuania, IT and process improvements, and enhanced regulatory compliance. The platform continues to facilitate loans across Latvia, Lithuania, and Romania, strengthening its presence and improving client monitoring, particularly in Romania. Additionally, Lande has expanded collaborations with local agents and signed several new agreements.^[11]

1. P2PMarketData: “Lande Statistics”
2. Lande: “Statistics”
3. Lande: “Help - Does LANDE provide buyback guarantee?”
4. Lande: “How it works”
5. Lande: “Statistics: Loan statistics”
6. Lande: “Terms and Conditions”
7. Latvia Business Register: “Latvijas Republikas Uzņēmumu reģistrs”: “SIA "Lande Platform" Persons”
8. Crunchbase: “LANDE - Financials”
9. Lande: “Transparency - Annual Report”
10. Alternative Credit Investor: “Lande swings into black as it eyes growth in 2025”
11. Lande: “Blog - LANDE Platform Performance Report – March 2025”

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain.

Since its launch in 2019, Lande has secured a total funding of more than €32 million, with more than €11.50 million funded in the past year, averaging a volume of €0.96 million monthly.^[1] The platform boasts a community of 8,534 investors.^[2]

• Lande offers three types of agricultural loans at a minimum investment of €50.
• Interest rates range from 10% to 16%, with loan repayment schedules structured as annuity, bullet, full bullet, or balloon depending on the project type.
• Loans are backed by collateral and have a duration ranging from 9 to 36 months.
• Around 4.8% of loans are 5–30 days late, 2% are 31–60 days late, and 4.6% are over 60 days late. The current default rate stands at 5.7%.

Lande serves as a middleman, connecting investors with farmers seeking financing. Investors can choose from three types of loan investments, starting at a minimum of €50: Seasonal Funding, Machinery Loans, and Land Buying. These loans are secured by five types of collateral: Land, Harvest, Machinery, Financials, and Livestock.

The platform manages collateral based on the loan type:

• Seasonal Funding: Personal guarantee and a three-way agreement (grain buyer, Lande, and the farmer), representing approximately 20% of the total portfolio.
• Machinery Loans: Secured by a commercial pledge, comprising around 34% of the portfolio.
• Land Buying: Backed by a land mortgage, accounting for 47% of the portfolio.

Lande does not offer a buyback guarantee for grain or real estate projects. Loan repayment is backed by collateral for real estate projects, and by insurance, personal guarantees, and three-way agreements with harvest buyers for grain projects. Investors receive interest throughout the loan term until full repayment.^[3]

Loan durations range from 9 to 36 months, typically:

• 3 to 12 months for Seasonal Funding
• 12 to 36 months for Machinery Loans
• 12 to 60 months for Land Buying

Investment sizes range from €2,500 to €155,200.^[4] Lande’s repayment schedules are designed to align with the seasonal cash flows of farming. Depending on the project, the repayment structure may be:

• Annuity: Fixed monthly payments of principal and interest
• Bullet: Monthly interest payments; principal repaid at maturity
• Full Bullet: Principal and interest repaid in a lump sum at maturity
• Balloon: Monthly annuity-style payments with a larger final payment

Lande does not withhold taxes on interest paid to investors. The platform also offers a secondary market for loan sales, with no fees charged to sellers. An auto-invest feature is available, allowing investors to automatically invest in newly published projects.

Among the currently listed projects, Lande offers interest rates ranging from 10% to 16%. Since its launch, the platform has funded 2,932 projects and distributed €2.90 million in earned interest to investors. As for the loan status:

• 5–30 days late: Approximately 4.8% of loans, amounting to around €1,689,000
• 31–60 days late: Approximately 2.0% of loans, amounting to around €717,000
• Over 60 days late: Approximately 4.6% of loans, amounting to around €1,630,000

The current default rate stands at 5.7%. However, the platform does not provide any insight into the actual net return for investors.^[5]

Lande does not charge direct fees to investors but makes money by imposing expenses and fees on borrowers. These fees are covered in the loan agreements and include a success fee, deducted from the target loan amount transferred to the Borrower.^[6]

Lande was founded by Nikita Gončars and Edgars Tālums initially as LendSecured and then rebranded to Lande. They previously ran a mortgage and agricultural lending service business Latvijas Hipotēka Ltd.

Today Nikita Gončars is the founder and CEO of Lande. He, along with a team of seasoned professionals in lending and real estate, brings over a decade of industry expertise. Jānis Laiviņš serves as the Chief Legal Officer, contributing to the team's diverse skills, which include an in-house debt collection department and a sales team with significant financial knowledge.

SIA LANDE Platform, headquartered in Riga, Latvia, partners with Lemonway, a French payment institution authorized by the ACPR (Banque de France), to ensure a clear separation between investor funds and company assets during lending and borrowing transactions. Nikita Gončars, one of the founders, is the primary controlling owner, holding 75.34% of the company's shares. Additional ownership is held through three entities: VAUBAN NOMINEES LIMITED, BADideas OÜ, and other shareholders under the umbrella of LANDE INVESTORS.^[7]

Lande has raised a total of €1.1 million across two funding rounds. Their most recent round was a Seed round on November 16, 2022, where they secured €520,000 from SeedBlink, a European equity management and investment platform. Earlier, they completed a pre-seed round with the Latvian Business Angel Network, raising €550,000.^[8]

In FY23, Lande Platform increased funding to €11.4 million, up 128% from €5 million in FY22, and grew revenue to €1,610,293, a 368% increase from €344,014 in 2022. However, losses also rose to €73,129, up 463% from €12,981 in 2022. The company attributes these losses to investments in the Romanian market.^[9]

In FY24, Lande reported a net profit of €166,900, reversing the €73,100 loss recorded in FY23. During the same period, revenue increased by 22%, reaching €1.96 million.^[10]

Lande now continues to focus on risk mitigation for sustainable growth via stricter lending policies, market expansion in Romania and Lithuania, IT and process improvements, and enhanced regulatory compliance. The platform continues to facilitate loans across Latvia, Lithuania, and Romania, strengthening its presence and improving client monitoring, particularly in Romania. Additionally, Lande has expanded collaborations with local agents and signed several new agreements.^[11]

1. P2PMarketData: “Lande Statistics”
2. Lande: “Statistics”
3. Lande: “Help - Does LANDE provide buyback guarantee?”
4. Lande: “How it works”
5. Lande: “Statistics: Loan statistics”
6. Lande: “Terms and Conditions”
7. Latvia Business Register: “Latvijas Republikas Uzņēmumu reģistrs”: “SIA "Lande Platform" Persons”
8. Crunchbase: “LANDE - Financials”
9. Lande: “Transparency - Annual Report”
10. Alternative Credit Investor: “Lande swings into black as it eyes growth in 2025”
11. Lande: “Blog - LANDE Platform Performance Report – March 2025”