Wisefund Platform Review

Wisefund Crowdlending Platform Review (2019)

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What Is Wisefund?

Wisefund is a crowdlending investment platform, providing a connection between businesses requiring financing and investors. Investors can be attracted to such loans as they provide a much higher than interest compared to a bank account. Wisefund currently offers various investments with returns ranging from 5% to 21%. Check out my Wisefund review below!

Quick Summary

Last Updated on

Wisefund is an Estonian crowdlending platform created in 2019. The platform works in a similar way to Envestio (see my review here), connecting investors with businesses seeking project funding. Wisefund currently has 1,620+ investors who have invested a combined €2.9 million into the platform. Wisefund has paid out a total of €44,500+ worth of interest payments, and offers investors an average interest rates ranging from 5% to 21%. All projects through Wisefund are covered by a buyback guarantee.

About Wisefund

Wisefund (www.wisefund.eu) is an Estonian crowdlending platform created in 2019. The platform works in a similar way to Envestio (see my review here), connecting investors with businesses seeking project funding. Wisefund offers a handful of new projects each month, seeking funding between €60,000 and €650,000. Projects span many industries including equipment leases, refitting yachts, manufacturing, retail, farming, stock purchases, and railway operations. All projects through Wisefund are covered by a buyback guarantee. Other features of the platform include:

  • No fees to the investor
  • Minimum investment of €10 per project (can sometimes vary)

As with other P2P platforms, transfers will work through TransferWise or Revolut.

Additional company details:

  • Company Name: WiseFund Capital OÜ
  • Address: Väike-Ameerika tn 8, Tallinn 10129, Estonia
  • Registration Nr.: 14675782
  • Vat. No: EE102142895

Lending through Wisefund

To be able to you must meet certain criteria including being over 18, have valid identification documents, have an European bank account (how to invest in European P2P platforms without living in Europe) and be a resident from a country of the European Union or European Economic Area (or Switzerland). Currently Wisefund has not opened up its investment platform to companies; only individuals can invest.

Registering as an Investor through Wisefund

As WiseFund operates in compliance with European laws, Wisefund must comply with verification procedures before investors can access the platform. Once you have had your KYC (know your customer) checks (with your passport or ID), you are free to invest money into the platform. Be sure to validate your account details before sending money.  Money is usually in your account with 1 business day, but can take up to 3.

Wisefund KYC document identity verification

How does Wisefund review projects?

Wisefund will review all borrowers through a credit evaluation, before borrowers are accepted onto the platform.

The review includes checks such as

  • Credit History – the business must have records of properly managing their finances
  • Affordability – the business must have clearly shown that it can afford repayments
  • Stability – borrowers creditworthiness and identity are checked

Original bank statements and audited financial accounts are also validated.

Invested money is separately held in client funds accounts, which does not contribute to the assets of Wisefund.

Reviewing Wisefund projects

Once you have invested money into your account, you can easily select projects under “browse Projects”. Once you have invested in your desired project, you are able to invest and enter into a contract with the borrower.

Interest payments will be made per the schedule of the selected project, and the principal payment will be made at the end of the loan term.

Projects available through wisefund

What is the minimum investment?

Investors can invest in loans with as low as €10, however, other minimum amounts can be specified by some projects. There is no maximum limit on how much you can invest in the platform.

Wisefund project example

Examples of project descriptions include a sections such as

  • Project details – such as how much is available, interest rate, investor amount, loan amount, interest rate and the term.
  • Project description – containing an overview of the project, what products are made, what markets are targeted and how capital will be used
  • Why invest in them – a bullet point summary on why an investor should choose to invest in the company
  • Company Overview – a short little description on the history of the company
  • Sample Repayment Schedule – How often and at what rate you will receive interest.
Organic fertiliser manufacture project example

Repayments and schedule

Repayments usually start within a month of investing in a project through the platform. Interest is calculated from the day you invest, not the day that the project reaches its required funding.

All interest payments are credited to the lender on the last calendar day of the month. All of the interest payments can be seen in the “upcoming payments” section of the dashboard.

However, if the project does not reach its funding goal, the invested money will return to the investors account without interest.


Register here and receive a bonus of 0.5% on your Wisefund investments for the first 270 days.


Wisefund fees

There are no fees associated with investing in Wisefund. Wisefund earns commission from borrowers after loans reach their funding target.

Wisefund Early Exit Fee

Some of the projects listed on the platform have an option for an early exit. This means that the investor can sell back their investment to a third party. Generally all of the interest payments are kept up to the point of the investment being sold, however, you would receive no further payments. Furthermore, there is an early exit fee for each loan sold. This fee is specified on the project page and can change depending on the project. Generally it takes 2 business days for the money to come back into your account. The exit option is generally on each investment page. Please note, not all projects have the option for an early exit. On some of the projects listed, the early exit fee was set at ~20%

Wisefund Buyback Guarantee

Wisefund has entered into an agreement with a third party who will buy out any loans that are late by more than 60 days. That third party will then be the ones to pursue debt recovery for the loan.

Withdrawing funds

Withdrawing money from your account is straightforward if you have registered your address and banking details. Simply hit the withdraw button on the dashboard, and then enter in the amount you would like to take out.

Referral Program

As with the other crowdfunding platforms, Wisefund offers rewards for referring friends or other investors to the platform. How it works:

  • Every person invited receives 0.5% on top of their investment for the first 270 days
  • Every referrer received 2.5% of the invested amount for the first 270 days
Affiliate / Refer a friend program

Wisefund Review

Wisefund is another crowdinvesting platform in the mix with the likes of Envestio, Monethera, and Kuetzal. It’s similar in terms of high interest loans, loans to businesses, the types of loans available, and the detailed project descriptions.

However, Wisefund really stands above the other crowdinvesting platforms as it has a well throughout design and layout of users information. The owners seem to actually care about how the platform looks and works. Through your dashboard you’re able to see a big overview of all of your holdings with graphics of future payments, you can see what documents you have submitted, you have access to a helpdesk, and you can change all of your notification settings or passwords etc. Some of the other similar platforms don’t have these.

I like the opportunity for an early access of funds, within 1 or 2 days of needing the money. That’s important if you needed quick access to the funds. Of course you loose a commission charge, but you would be able to access the money none-the-less.

There is a buyback guarantee, however as with any platform that doesn’t actually set a fund aside for it, you have to trust that you will be protected if payments were to default. There is a “mutual agreement” that a third party will buy a full loan that has not been paid after 60 days. Unfortunately, we don’t know anymore about the third party, the agreement, what happens if they default as well. 60 days is also a long time for cash to be sitting stagnant.

The platform provides enough detail to invest in a project, however it doesn’t go into details about any securities or collateral – I assume that’s because we as investors, don’t need to know about that.

Even though there is a bit of information hiding behind the curtain (in terms of the buyback), I really like the platform that Wisefund have created. There are a good amount of projects at high interest rates, and it seems like they care about the investors (and not just the money).

If you liked the review of Wisefund, please comment below. Alternatively check out my other reviews.

Posted in Crowdlending, P2P Investing.

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