Esketit is a P2P lending platform that allows you to invest in consumer loans. The name “Esketit” comes from the popular phrase “Let’s get it!” often used by rapper Lil Pump. Based in Dublin, Ireland, Esketit caters to investors across the EEA. Although founded by the Latvian fintech company Creamfinance, it is not regulated under any specific financial authority. Nevertheless, all loan originators on Esketit adhere to national guidelines and consumer protection laws within their respective jurisdictions.
Key numbers
Who can invest?
How it works
Anyone who is at least 18 years old and older and has a bank account of the EU or EEA can become an investor. An alternative option is having a cryptocurrency account/wallet and depositing funds in stablecoins USDC or USDT.
Countries
Austria 🇦🇹, Belgium 🇧🇪, Bulgaria 🇧🇬, Croatia 🇭🇷, Cyprus 🇨🇾, Czech Republic 🇨🇿, Denmark 🇩🇰, Estonia 🇪🇪, Finland 🇫🇮, France 🇫🇷, Germany 🇩🇪, Greece 🇬🇷, Hungary 🇭🇺, Iceland 🇮🇸, Ireland 🇮🇪, Italy 🇮🇹, Latvia 🇱🇻, Liechtenstein 🇱🇮, Lithuania 🇱🇹, Luxembourg 🇱🇺, Malta 🇲🇹, Netherlands 🇳🇱, Norway 🇳🇴, Poland 🇵🇱, Portugal 🇵🇹, Romania 🇷🇴, Slovakia 🇸🇰, Slovenia 🇸🇮, Spain 🇪🇸, Sweden 🇸🇪, Switzerland 🇨🇭, United Kingdom 🇬🇧.
- Specialisation: Consumer loans
- Maximal observed interest rate: 15%
- Average rate: 12.23%
- Minimum investment amount: €10
- Average terms: from 2 days to Late 31-60
- Currencies supported: €, $
- Foundation year: 2020
- Commission: 0%
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Instruction:
How to start investing on Esketit
Fill in the registration form
Enter your first name, last name, email address, and create a secure password. Agree to the terms and conditions and privacy policy, and complete any CAPTCHA verification if prompted. Then, confirm your email address.
Complete your profile and identification details
Log in to your Esketit account and complete your profile by adding your address and ID details. You’ll need a camera to upload a photo of your passport or ID card for verification as part of the KYC (Know Your Customer) process. This keeps your investments secure and legal.
Add Funds
You can add funds via a bank transfer or using cryptocurrency stablecoins. The minimum investment amount is only €10, making it accessible even for small investors.
Invest
With funds in your account, you can start investing. Use the Auto-Invest feature to set your investment criteria and automate the process, or manually select loans. Regularly log in to track your investments, portfolio, and returns using Esketit’s detailed dashboard. Your principal and earned interest will be accessible once loan repayments are completed.
Esketit features at a glance
- Secondary Market: Sell your investment before its maturity without any fees, providing liquidity when needed.
- Auto-Invest: Set criteria for your investments, and the system will automatically invest on your behalf.
- Group Guarantee: For some loans, if the loan originator cannot fulfill its BuyBack Obligation, AvaFin Holding will step in.
- Buyback Obligation: If a borrower defaults, the loan originator buys back the investment, protecting your funds.
Esketit offers a variety of loan types to cater to different investment preferences
Loan Type Description Personal loans Unsecured loans for personal expenses Mortgage loans Loans secured by real estate Business loans Loans for business purposes Car loans Financing for vehicle purchases Payday loans Short-term loans to cover urgent expenses Invoice finance Loans secured against invoices Development loans Funding for real estate development Bridge loans Short-term loans to bridge financial gaps Renovation loans Loans for property improvements Student loans Financing for education Debt consolidation Combining multiple debts into one loan Wedding loans Financing for wedding expenses REIT loans Loans secured by real estate investment trusts Small business loans Loans for small business needs Cash advances Short-term funding against future income
Contact
Contact form