Monestro Crowdfunding Platform For Online Fundraising in 2024

Monestro is a peer-to-peer lending platform based in Estonia, facilitating direct connections between lenders and borrowers. The platform was founded in 2014 and operates primarily in Estonia. Monestro offers an average gross return of 26% to lenders who participate in funding loans.

The platform holds an ECSP license with the following number: FSA authorised & regulated Permit 4.1/144 (19.09.2016). This license ensures that Monestro operates within the legal framework set forth by the Estonian Financial Supervision Authority.

Monestro focuses on providing opportunities for both individuals and small to medium-sized enterprises (SMEs) to access financing. Borrowers can request personal loans through the platform, and lenders have the chance to invest in these loan opportunities. The platform aims to streamline the lending process, making it more efficient and transparent for all parties involved.

Investors interested in participating in loans through Monestro can do so with a minimum investment of 10 EUR. The platform advertises a return of 13% to investors, although the average gross return stands at 26%. Monestro offers a verified platform for users, ensuring security and reliability in the lending process.

Monestro operates in multiple languages, including English, German, Estonian, and French, to cater to a diverse investor and borrower base. The platform's country of operation is Estonia, where it has established itself as a prominent player in the peer-to-peer lending space.

Overall, Monestro serves as a bridge between lenders seeking investment opportunities and borrowers in need of financing. With its focus on transparency, efficiency, and strong returns, the platform continues to attract users looking to participate in the P2P lending market.