Lendermarket

Lendermarket is a European peer-to-peer lending marketplace launched in 2019 by Aaro Sosaar, who is also the CEO and founder of Creditstar Group, the platform’s largest and strategically integrated loan originator. Lendermarket operates as a centralized investment platform connecting retail and institutional investors with consumer and personal loans originated by lending companies across Europe. The platform’s loan supply is dominated by Creditstar Group, which operates under multiple consumer lending brands in markets such as Spain, Finland, Denmark, Sweden, Estonia, and the Czech Republic. In addition to its European exposure, Lendermarket also offers loans originated in selected non-EEA markets, including Mexico and Colombia.

The platform is authorized as a European Crowdfunding Service Provider (ECSPR) by the Central Bank of Ireland, allowing it to passport its services across the EU under the ECSPR framework. This regulatory status positions Lendermarket among the regulated investment platforms operating as a loan reselling platform under the EU’s harmonized crowdfunding regime. Investors from the European Economic Area (EEA), and Switzerland can join the platform. For family trusts, partnerships, and LLC companies, a prerequisite for participation is the possession of a bank account in the EEA, or Switzerland. Since its inception in 2019, Lendermarket has successfully attracted over €592 million from investors, boasting a consistent monthly volume averaging €11 million.^[1]  The platform position itself to have attracted more than 21,000 investors.^[2]

• Lendermarket links investors with loan originators enabling investors access to investments in consumer debt products starting at a minimum of €10.
• The platform is operated by the same company that owns Creditstar Group, which provides investment opportunities on Lendermarket.
• Loans on Lendermarket come with a buyback guarantee and advertised average annual return stands at 15.58%.
• Loan durations range from 1 month to 8 years, with interest rates ranging from 10% to 15%.

Lendermarket operates as an investment marketplace where investors gain exposure to consumer and personal loans originated by third-party lending companies. Investors do not lend directly to borrowers. Instead, they invest via Lendermarket, which facilitates access to loans originated by affiliated and external loan originators, most notably Creditstar Group.

Investors can manually select loans or use the platform’s auto-invest tool to allocate capital across available loan listings. The minimum investment per loan is €10, allowing investors to diversify across multiple loans. Available investments typically include short- and medium-term consumer loans with maturities ranging from approximately 1 month up to several years, depending on the originating lender and product type.^[3]

Loan repayments are generally made on a monthly basis and follow an amortizing structure, meaning each repayment consists of both interest and a partial return of principal. Individual loan sizes offered to investors typically range from small consumer loans of a few dozen euros up to several thousand euros per loan, depending on the originator and jurisdiction.

A core feature of Lendermarket is the buyback obligation applied to all listed loans. If a borrower falls more than 60 days overdue, the loan originator is contractually obligated to repurchase the loan from investors at its nominal value, including accrued interest. This mechanism shifts borrower default risk from the investor to the loan originator, making investor outcomes heavily dependent on the financial strength and liquidity of the originating lender.^[4]

Lendermarket does not offer a secondary market, meaning investors should expect to hold investments until maturity or until a buyback event occurs. Liquidity is therefore limited, and capital cannot be exited early under normal conditions. The platform provides an auto-invest feature to automate portfolio deployment but does not offer tools for active portfolio rebalancing or early exits.

The platform’s loan supply is highly concentrated. The majority of loans originate from Creditstar Group, whose founder and CEO is also the founder of Lendermarket. This structural overlap gives Lendermarket a stable and predictable loan flow but introduces originator concentration and related-party risk, which investors must account for when assessing platform risk.

Lendermarket advertises headline returns of up to 18% annual return on its front page, depending on loan originator, loan type, and loan term. These figures represent the upper end of the nominal interest rates offered on individual loans rather than a guaranteed or typical outcome for all investors.^[5]

According to Lendermarket’s statistics page, the platform reports an average nominal interest rate of 12.77% across all loans published. This figure reflects the contractual interest rates set by loan originators on performing loans and does not account for reinvestment delays, cash drag, or originator-specific risks. In addition, Lendermarket reports an average annual return (ARR) of 15.58% for investors and states that investors have earned more than €38 million in interest since the platform’s launch. The platform does not publicly disclose the methodology used to calculate the reported average annual return, nor does it provide a detailed breakdown showing how this figure differs from the average nominal interest rate.^[6]

Lendermarket does not charge investors direct fees for investing, depositing, or withdrawing funds. Instead, the platform generates revenue by charging service or brokerage fees to loan originators. These fees are embedded in the loan economics and are not itemized for investors, meaning the true cost of intermediation is indirectly reflected in the interest rates offered.^[7]

Because all loans include a buyback obligation, realized investor returns are driven primarily by the financial strength and liquidity of the loan originators, rather than by borrower-level repayment behavior alone. As a result, investor outcomes depend heavily on originator solvency and the platform’s loan originator concentration, particularly its reliance on Creditstar Group.

Lendermarket is ultimately owned by Aaro Sosaar, who is also the founder and CEO of Creditstar Group. Sosaar controls the group through his holding company SA Financial Investments OÜ, which owns both Creditstar and Lendermarket. This ownership structure creates strong strategic alignment between the platform and its primary loan supplier, but also results in a clear related-party structure that investors should be aware of.

The day-to-day operations of Lendermarket are led by Carles Federico, who has served as Chief Executive Officer since September 2023. Federico brings more than 15 years of experience in technology and fintech, including senior roles during the global scaling phase of Skype. Prior to becoming CEO of Lendermarket, he was responsible for managing Creditstar’s operations in Spain, giving him direct experience with the loan origination side of the business that underpins the platform’s investment offering.

Technology development is led by Helari Laurent, Chief Technology Officer. Laurent has previously held senior engineering roles at Glia and Bob W, companies known for rapid international expansion and modern technology stacks. At Lendermarket, his focus is on platform scalability, infrastructure reliability, and cybersecurity, including the rollout of a microservices-based architecture designed to support regulatory compliance and operational resilience.

Growth and commercial strategy are overseen by Gerad Kostak, Head of Growth. Kostak has a background spanning both technology and military leadership, including business development roles at Glia, where he worked with large enterprise clients. His responsibilities at Lendermarket include investor acquisition, brand positioning, and expansion initiatives.

Financial oversight is handled by Aldar Tsybikov, Head of Finance. Tsybikov has prior experience in investment research and fintech-focused financial roles, including work at Tinkoff Investments. He holds a Master’s degree in Financial Economics from Lomonosov Moscow State University and has completed Level I of the CFA Program. His role covers financial planning, reporting, and internal financial controls at the platform level.^[8]

Lendermarket received authorization from the Central Bank of Ireland in December 2024 to operate as a Crowdfunding Service Provider under EU Regulation 2020/1503 (ECSPR). This authorization places Lendermarket under the EU’s harmonized crowdfunding framework and introduces formal regulatory oversight, governance, and reporting requirements.^[9]

Lendermarket’s audited financial report for FY23, prepared by Azets Audit Services Ireland Ltd, showed a positive performance shift. The company posted a net profit of €87,836, up from a loss of €257,097 in FY22. Assets grew to €1,765,823, while liabilities dropped by over €2 million to €721,997. Gross profit also increased to €1.215 million, up from €999,278 in FY22, reflecting a stronger financial position.^[10]

According to Lendermarket’s audited 2024 annual report, the company generated €1.37 million in turnover, up from €1.25 million in 2023. Gross profit increased to €1.35 million, reflecting stable core operations. However, higher administrative expenses of €1.65 million resulted in an operating loss of €299,639, compared with a net profit of €87,836 in 2023. Despite returning to a loss, Lendermarket’s balance sheet strengthened. Net assets increased to €1.23 million, up from €1.04 million the year before, supported by higher intangible assets and increased client cash balances. Short-term liabilities rose to €887,784, but the company maintained positive net current assets of €229,193, indicating continued operational liquidity.

1. P2PMarketData: “Statistics”
2. Lendermarket: “Homepage - About Us - Registered Users”
3. Lendermarket: “Auto Invest”
4. Lendermarket: “Buyback Guarantee and Extensions”
5. Lendermarket: “Frontpage: Earn up to 18%”
6. Lendermarket: “Loan Statistics”
7. Lendermarket: “FAQ: What are the fees for investors?”
8. Lendermarket: “About Us”
9. Lendermarket: “Blog - Lendermarket Secures Authorisation to Operate as a Crowdfunding Service Provider in the EU​”
10. Lendermarket: “Annual Report 2023”
11. Lendermarket: “Annual report 2024”

Lendermarket is a European peer-to-peer lending marketplace launched in 2019 by Aaro Sosaar, who is also the CEO and founder of Creditstar Group, the platform’s largest and strategically integrated loan originator. Lendermarket operates as a centralized investment platform connecting retail and institutional investors with consumer and personal loans originated by lending companies across Europe. The platform’s loan supply is dominated by Creditstar Group, which operates under multiple consumer lending brands in markets such as Spain, Finland, Denmark, Sweden, Estonia, and the Czech Republic. In addition to its European exposure, Lendermarket also offers loans originated in selected non-EEA markets, including Mexico and Colombia.

The platform is authorized as a European Crowdfunding Service Provider (ECSPR) by the Central Bank of Ireland, allowing it to passport its services across the EU under the ECSPR framework. This regulatory status positions Lendermarket among the regulated investment platforms operating as a loan reselling platform under the EU’s harmonized crowdfunding regime. Investors from the European Economic Area (EEA), and Switzerland can join the platform. For family trusts, partnerships, and LLC companies, a prerequisite for participation is the possession of a bank account in the EEA, or Switzerland. Since its inception in 2019, Lendermarket has successfully attracted over €592 million from investors, boasting a consistent monthly volume averaging €11 million.^[1]  The platform position itself to have attracted more than 21,000 investors.^[2]

• Lendermarket links investors with loan originators enabling investors access to investments in consumer debt products starting at a minimum of €10.
• The platform is operated by the same company that owns Creditstar Group, which provides investment opportunities on Lendermarket.
• Loans on Lendermarket come with a buyback guarantee and advertised average annual return stands at 15.58%.
• Loan durations range from 1 month to 8 years, with interest rates ranging from 10% to 15%.

Lendermarket operates as an investment marketplace where investors gain exposure to consumer and personal loans originated by third-party lending companies. Investors do not lend directly to borrowers. Instead, they invest via Lendermarket, which facilitates access to loans originated by affiliated and external loan originators, most notably Creditstar Group.

Investors can manually select loans or use the platform’s auto-invest tool to allocate capital across available loan listings. The minimum investment per loan is €10, allowing investors to diversify across multiple loans. Available investments typically include short- and medium-term consumer loans with maturities ranging from approximately 1 month up to several years, depending on the originating lender and product type.^[3]

Loan repayments are generally made on a monthly basis and follow an amortizing structure, meaning each repayment consists of both interest and a partial return of principal. Individual loan sizes offered to investors typically range from small consumer loans of a few dozen euros up to several thousand euros per loan, depending on the originator and jurisdiction.

A core feature of Lendermarket is the buyback obligation applied to all listed loans. If a borrower falls more than 60 days overdue, the loan originator is contractually obligated to repurchase the loan from investors at its nominal value, including accrued interest. This mechanism shifts borrower default risk from the investor to the loan originator, making investor outcomes heavily dependent on the financial strength and liquidity of the originating lender.^[4]

Lendermarket does not offer a secondary market, meaning investors should expect to hold investments until maturity or until a buyback event occurs. Liquidity is therefore limited, and capital cannot be exited early under normal conditions. The platform provides an auto-invest feature to automate portfolio deployment but does not offer tools for active portfolio rebalancing or early exits.

The platform’s loan supply is highly concentrated. The majority of loans originate from Creditstar Group, whose founder and CEO is also the founder of Lendermarket. This structural overlap gives Lendermarket a stable and predictable loan flow but introduces originator concentration and related-party risk, which investors must account for when assessing platform risk.

Lendermarket advertises headline returns of up to 18% annual return on its front page, depending on loan originator, loan type, and loan term. These figures represent the upper end of the nominal interest rates offered on individual loans rather than a guaranteed or typical outcome for all investors.^[5]

According to Lendermarket’s statistics page, the platform reports an average nominal interest rate of 12.77% across all loans published. This figure reflects the contractual interest rates set by loan originators on performing loans and does not account for reinvestment delays, cash drag, or originator-specific risks. In addition, Lendermarket reports an average annual return (ARR) of 15.58% for investors and states that investors have earned more than €38 million in interest since the platform’s launch. The platform does not publicly disclose the methodology used to calculate the reported average annual return, nor does it provide a detailed breakdown showing how this figure differs from the average nominal interest rate.^[6]

Lendermarket does not charge investors direct fees for investing, depositing, or withdrawing funds. Instead, the platform generates revenue by charging service or brokerage fees to loan originators. These fees are embedded in the loan economics and are not itemized for investors, meaning the true cost of intermediation is indirectly reflected in the interest rates offered.^[7]

Because all loans include a buyback obligation, realized investor returns are driven primarily by the financial strength and liquidity of the loan originators, rather than by borrower-level repayment behavior alone. As a result, investor outcomes depend heavily on originator solvency and the platform’s loan originator concentration, particularly its reliance on Creditstar Group.

Lendermarket is ultimately owned by Aaro Sosaar, who is also the founder and CEO of Creditstar Group. Sosaar controls the group through his holding company SA Financial Investments OÜ, which owns both Creditstar and Lendermarket. This ownership structure creates strong strategic alignment between the platform and its primary loan supplier, but also results in a clear related-party structure that investors should be aware of.

The day-to-day operations of Lendermarket are led by Carles Federico, who has served as Chief Executive Officer since September 2023. Federico brings more than 15 years of experience in technology and fintech, including senior roles during the global scaling phase of Skype. Prior to becoming CEO of Lendermarket, he was responsible for managing Creditstar’s operations in Spain, giving him direct experience with the loan origination side of the business that underpins the platform’s investment offering.

Technology development is led by Helari Laurent, Chief Technology Officer. Laurent has previously held senior engineering roles at Glia and Bob W, companies known for rapid international expansion and modern technology stacks. At Lendermarket, his focus is on platform scalability, infrastructure reliability, and cybersecurity, including the rollout of a microservices-based architecture designed to support regulatory compliance and operational resilience.

Growth and commercial strategy are overseen by Gerad Kostak, Head of Growth. Kostak has a background spanning both technology and military leadership, including business development roles at Glia, where he worked with large enterprise clients. His responsibilities at Lendermarket include investor acquisition, brand positioning, and expansion initiatives.

Financial oversight is handled by Aldar Tsybikov, Head of Finance. Tsybikov has prior experience in investment research and fintech-focused financial roles, including work at Tinkoff Investments. He holds a Master’s degree in Financial Economics from Lomonosov Moscow State University and has completed Level I of the CFA Program. His role covers financial planning, reporting, and internal financial controls at the platform level.^[8]

Lendermarket received authorization from the Central Bank of Ireland in December 2024 to operate as a Crowdfunding Service Provider under EU Regulation 2020/1503 (ECSPR). This authorization places Lendermarket under the EU’s harmonized crowdfunding framework and introduces formal regulatory oversight, governance, and reporting requirements.^[9]

Lendermarket’s audited financial report for FY23, prepared by Azets Audit Services Ireland Ltd, showed a positive performance shift. The company posted a net profit of €87,836, up from a loss of €257,097 in FY22. Assets grew to €1,765,823, while liabilities dropped by over €2 million to €721,997. Gross profit also increased to €1.215 million, up from €999,278 in FY22, reflecting a stronger financial position.^[10]

According to Lendermarket’s audited 2024 annual report, the company generated €1.37 million in turnover, up from €1.25 million in 2023. Gross profit increased to €1.35 million, reflecting stable core operations. However, higher administrative expenses of €1.65 million resulted in an operating loss of €299,639, compared with a net profit of €87,836 in 2023. Despite returning to a loss, Lendermarket’s balance sheet strengthened. Net assets increased to €1.23 million, up from €1.04 million the year before, supported by higher intangible assets and increased client cash balances. Short-term liabilities rose to €887,784, but the company maintained positive net current assets of €229,193, indicating continued operational liquidity.

1. P2PMarketData: “Statistics”
2. Lendermarket: “Homepage - About Us - Registered Users”
3. Lendermarket: “Auto Invest”
4. Lendermarket: “Buyback Guarantee and Extensions”
5. Lendermarket: “Frontpage: Earn up to 18%”
6. Lendermarket: “Loan Statistics”
7. Lendermarket: “FAQ: What are the fees for investors?”
8. Lendermarket: “About Us”
9. Lendermarket: “Blog - Lendermarket Secures Authorisation to Operate as a Crowdfunding Service Provider in the EU​”
10. Lendermarket: “Annual Report 2023”
11. Lendermarket: “Annual report 2024”

Lendermarket is a European peer-to-peer lending marketplace launched in 2019 by Aaro Sosaar, who is also the CEO and founder of Creditstar Group, the platform’s largest and strategically integrated loan originator. Lendermarket operates as a centralized investment platform connecting retail and institutional investors with consumer and personal loans originated by lending companies across Europe. The platform’s loan supply is dominated by Creditstar Group, which operates under multiple consumer lending brands in markets such as Spain, Finland, Denmark, Sweden, Estonia, and the Czech Republic. In addition to its European exposure, Lendermarket also offers loans originated in selected non-EEA markets, including Mexico and Colombia.

The platform is authorized as a European Crowdfunding Service Provider (ECSPR) by the Central Bank of Ireland, allowing it to passport its services across the EU under the ECSPR framework. This regulatory status positions Lendermarket among the regulated investment platforms operating as a loan reselling platform under the EU’s harmonized crowdfunding regime. Investors from the European Economic Area (EEA), and Switzerland can join the platform. For family trusts, partnerships, and LLC companies, a prerequisite for participation is the possession of a bank account in the EEA, or Switzerland. Since its inception in 2019, Lendermarket has successfully attracted over €592 million from investors, boasting a consistent monthly volume averaging €11 million.^[1]  The platform position itself to have attracted more than 21,000 investors.^[2]

• Lendermarket links investors with loan originators enabling investors access to investments in consumer debt products starting at a minimum of €10.
• The platform is operated by the same company that owns Creditstar Group, which provides investment opportunities on Lendermarket.
• Loans on Lendermarket come with a buyback guarantee and advertised average annual return stands at 15.58%.
• Loan durations range from 1 month to 8 years, with interest rates ranging from 10% to 15%.

Lendermarket operates as an investment marketplace where investors gain exposure to consumer and personal loans originated by third-party lending companies. Investors do not lend directly to borrowers. Instead, they invest via Lendermarket, which facilitates access to loans originated by affiliated and external loan originators, most notably Creditstar Group.

Investors can manually select loans or use the platform’s auto-invest tool to allocate capital across available loan listings. The minimum investment per loan is €10, allowing investors to diversify across multiple loans. Available investments typically include short- and medium-term consumer loans with maturities ranging from approximately 1 month up to several years, depending on the originating lender and product type.^[3]

Loan repayments are generally made on a monthly basis and follow an amortizing structure, meaning each repayment consists of both interest and a partial return of principal. Individual loan sizes offered to investors typically range from small consumer loans of a few dozen euros up to several thousand euros per loan, depending on the originator and jurisdiction.

A core feature of Lendermarket is the buyback obligation applied to all listed loans. If a borrower falls more than 60 days overdue, the loan originator is contractually obligated to repurchase the loan from investors at its nominal value, including accrued interest. This mechanism shifts borrower default risk from the investor to the loan originator, making investor outcomes heavily dependent on the financial strength and liquidity of the originating lender.^[4]

Lendermarket does not offer a secondary market, meaning investors should expect to hold investments until maturity or until a buyback event occurs. Liquidity is therefore limited, and capital cannot be exited early under normal conditions. The platform provides an auto-invest feature to automate portfolio deployment but does not offer tools for active portfolio rebalancing or early exits.

The platform’s loan supply is highly concentrated. The majority of loans originate from Creditstar Group, whose founder and CEO is also the founder of Lendermarket. This structural overlap gives Lendermarket a stable and predictable loan flow but introduces originator concentration and related-party risk, which investors must account for when assessing platform risk.

Lendermarket advertises headline returns of up to 18% annual return on its front page, depending on loan originator, loan type, and loan term. These figures represent the upper end of the nominal interest rates offered on individual loans rather than a guaranteed or typical outcome for all investors.^[5]

According to Lendermarket’s statistics page, the platform reports an average nominal interest rate of 12.77% across all loans published. This figure reflects the contractual interest rates set by loan originators on performing loans and does not account for reinvestment delays, cash drag, or originator-specific risks. In addition, Lendermarket reports an average annual return (ARR) of 15.58% for investors and states that investors have earned more than €38 million in interest since the platform’s launch. The platform does not publicly disclose the methodology used to calculate the reported average annual return, nor does it provide a detailed breakdown showing how this figure differs from the average nominal interest rate.^[6]

Lendermarket does not charge investors direct fees for investing, depositing, or withdrawing funds. Instead, the platform generates revenue by charging service or brokerage fees to loan originators. These fees are embedded in the loan economics and are not itemized for investors, meaning the true cost of intermediation is indirectly reflected in the interest rates offered.^[7]

Because all loans include a buyback obligation, realized investor returns are driven primarily by the financial strength and liquidity of the loan originators, rather than by borrower-level repayment behavior alone. As a result, investor outcomes depend heavily on originator solvency and the platform’s loan originator concentration, particularly its reliance on Creditstar Group.

Lendermarket is ultimately owned by Aaro Sosaar, who is also the founder and CEO of Creditstar Group. Sosaar controls the group through his holding company SA Financial Investments OÜ, which owns both Creditstar and Lendermarket. This ownership structure creates strong strategic alignment between the platform and its primary loan supplier, but also results in a clear related-party structure that investors should be aware of.

The day-to-day operations of Lendermarket are led by Carles Federico, who has served as Chief Executive Officer since September 2023. Federico brings more than 15 years of experience in technology and fintech, including senior roles during the global scaling phase of Skype. Prior to becoming CEO of Lendermarket, he was responsible for managing Creditstar’s operations in Spain, giving him direct experience with the loan origination side of the business that underpins the platform’s investment offering.

Technology development is led by Helari Laurent, Chief Technology Officer. Laurent has previously held senior engineering roles at Glia and Bob W, companies known for rapid international expansion and modern technology stacks. At Lendermarket, his focus is on platform scalability, infrastructure reliability, and cybersecurity, including the rollout of a microservices-based architecture designed to support regulatory compliance and operational resilience.

Growth and commercial strategy are overseen by Gerad Kostak, Head of Growth. Kostak has a background spanning both technology and military leadership, including business development roles at Glia, where he worked with large enterprise clients. His responsibilities at Lendermarket include investor acquisition, brand positioning, and expansion initiatives.

Financial oversight is handled by Aldar Tsybikov, Head of Finance. Tsybikov has prior experience in investment research and fintech-focused financial roles, including work at Tinkoff Investments. He holds a Master’s degree in Financial Economics from Lomonosov Moscow State University and has completed Level I of the CFA Program. His role covers financial planning, reporting, and internal financial controls at the platform level.^[8]

Lendermarket received authorization from the Central Bank of Ireland in December 2024 to operate as a Crowdfunding Service Provider under EU Regulation 2020/1503 (ECSPR). This authorization places Lendermarket under the EU’s harmonized crowdfunding framework and introduces formal regulatory oversight, governance, and reporting requirements.^[9]

Lendermarket’s audited financial report for FY23, prepared by Azets Audit Services Ireland Ltd, showed a positive performance shift. The company posted a net profit of €87,836, up from a loss of €257,097 in FY22. Assets grew to €1,765,823, while liabilities dropped by over €2 million to €721,997. Gross profit also increased to €1.215 million, up from €999,278 in FY22, reflecting a stronger financial position.^[10]

According to Lendermarket’s audited 2024 annual report, the company generated €1.37 million in turnover, up from €1.25 million in 2023. Gross profit increased to €1.35 million, reflecting stable core operations. However, higher administrative expenses of €1.65 million resulted in an operating loss of €299,639, compared with a net profit of €87,836 in 2023. Despite returning to a loss, Lendermarket’s balance sheet strengthened. Net assets increased to €1.23 million, up from €1.04 million the year before, supported by higher intangible assets and increased client cash balances. Short-term liabilities rose to €887,784, but the company maintained positive net current assets of €229,193, indicating continued operational liquidity.

1. P2PMarketData: “Statistics”
2. Lendermarket: “Homepage - About Us - Registered Users”
3. Lendermarket: “Auto Invest”
4. Lendermarket: “Buyback Guarantee and Extensions”
5. Lendermarket: “Frontpage: Earn up to 18%”
6. Lendermarket: “Loan Statistics”
7. Lendermarket: “FAQ: What are the fees for investors?”
8. Lendermarket: “About Us”
9. Lendermarket: “Blog - Lendermarket Secures Authorisation to Operate as a Crowdfunding Service Provider in the EU​”
10. Lendermarket: “Annual Report 2023”
11. Lendermarket: “Annual report 2024”

Lendermarket is a European peer-to-peer lending marketplace launched in 2019 by Aaro Sosaar, who is also the CEO and founder of Creditstar Group, the platform’s largest and strategically integrated loan originator. Lendermarket operates as a centralized investment platform connecting retail and institutional investors with consumer and personal loans originated by lending companies across Europe. The platform’s loan supply is dominated by Creditstar Group, which operates under multiple consumer lending brands in markets such as Spain, Finland, Denmark, Sweden, Estonia, and the Czech Republic. In addition to its European exposure, Lendermarket also offers loans originated in selected non-EEA markets, including Mexico and Colombia.

The platform is authorized as a European Crowdfunding Service Provider (ECSPR) by the Central Bank of Ireland, allowing it to passport its services across the EU under the ECSPR framework. This regulatory status positions Lendermarket among the regulated investment platforms operating as a loan reselling platform under the EU’s harmonized crowdfunding regime. Investors from the European Economic Area (EEA), and Switzerland can join the platform. For family trusts, partnerships, and LLC companies, a prerequisite for participation is the possession of a bank account in the EEA, or Switzerland. Since its inception in 2019, Lendermarket has successfully attracted over €592 million from investors, boasting a consistent monthly volume averaging €11 million.^[1]  The platform position itself to have attracted more than 21,000 investors.^[2]

• Lendermarket links investors with loan originators enabling investors access to investments in consumer debt products starting at a minimum of €10.
• The platform is operated by the same company that owns Creditstar Group, which provides investment opportunities on Lendermarket.
• Loans on Lendermarket come with a buyback guarantee and advertised average annual return stands at 15.58%.
• Loan durations range from 1 month to 8 years, with interest rates ranging from 10% to 15%.

Lendermarket operates as an investment marketplace where investors gain exposure to consumer and personal loans originated by third-party lending companies. Investors do not lend directly to borrowers. Instead, they invest via Lendermarket, which facilitates access to loans originated by affiliated and external loan originators, most notably Creditstar Group.

Investors can manually select loans or use the platform’s auto-invest tool to allocate capital across available loan listings. The minimum investment per loan is €10, allowing investors to diversify across multiple loans. Available investments typically include short- and medium-term consumer loans with maturities ranging from approximately 1 month up to several years, depending on the originating lender and product type.^[3]

Loan repayments are generally made on a monthly basis and follow an amortizing structure, meaning each repayment consists of both interest and a partial return of principal. Individual loan sizes offered to investors typically range from small consumer loans of a few dozen euros up to several thousand euros per loan, depending on the originator and jurisdiction.

A core feature of Lendermarket is the buyback obligation applied to all listed loans. If a borrower falls more than 60 days overdue, the loan originator is contractually obligated to repurchase the loan from investors at its nominal value, including accrued interest. This mechanism shifts borrower default risk from the investor to the loan originator, making investor outcomes heavily dependent on the financial strength and liquidity of the originating lender.^[4]

Lendermarket does not offer a secondary market, meaning investors should expect to hold investments until maturity or until a buyback event occurs. Liquidity is therefore limited, and capital cannot be exited early under normal conditions. The platform provides an auto-invest feature to automate portfolio deployment but does not offer tools for active portfolio rebalancing or early exits.

The platform’s loan supply is highly concentrated. The majority of loans originate from Creditstar Group, whose founder and CEO is also the founder of Lendermarket. This structural overlap gives Lendermarket a stable and predictable loan flow but introduces originator concentration and related-party risk, which investors must account for when assessing platform risk.

Lendermarket advertises headline returns of up to 18% annual return on its front page, depending on loan originator, loan type, and loan term. These figures represent the upper end of the nominal interest rates offered on individual loans rather than a guaranteed or typical outcome for all investors.^[5]

According to Lendermarket’s statistics page, the platform reports an average nominal interest rate of 12.77% across all loans published. This figure reflects the contractual interest rates set by loan originators on performing loans and does not account for reinvestment delays, cash drag, or originator-specific risks. In addition, Lendermarket reports an average annual return (ARR) of 15.58% for investors and states that investors have earned more than €38 million in interest since the platform’s launch. The platform does not publicly disclose the methodology used to calculate the reported average annual return, nor does it provide a detailed breakdown showing how this figure differs from the average nominal interest rate.^[6]

Lendermarket does not charge investors direct fees for investing, depositing, or withdrawing funds. Instead, the platform generates revenue by charging service or brokerage fees to loan originators. These fees are embedded in the loan economics and are not itemized for investors, meaning the true cost of intermediation is indirectly reflected in the interest rates offered.^[7]

Because all loans include a buyback obligation, realized investor returns are driven primarily by the financial strength and liquidity of the loan originators, rather than by borrower-level repayment behavior alone. As a result, investor outcomes depend heavily on originator solvency and the platform’s loan originator concentration, particularly its reliance on Creditstar Group.

Lendermarket is ultimately owned by Aaro Sosaar, who is also the founder and CEO of Creditstar Group. Sosaar controls the group through his holding company SA Financial Investments OÜ, which owns both Creditstar and Lendermarket. This ownership structure creates strong strategic alignment between the platform and its primary loan supplier, but also results in a clear related-party structure that investors should be aware of.

The day-to-day operations of Lendermarket are led by Carles Federico, who has served as Chief Executive Officer since September 2023. Federico brings more than 15 years of experience in technology and fintech, including senior roles during the global scaling phase of Skype. Prior to becoming CEO of Lendermarket, he was responsible for managing Creditstar’s operations in Spain, giving him direct experience with the loan origination side of the business that underpins the platform’s investment offering.

Technology development is led by Helari Laurent, Chief Technology Officer. Laurent has previously held senior engineering roles at Glia and Bob W, companies known for rapid international expansion and modern technology stacks. At Lendermarket, his focus is on platform scalability, infrastructure reliability, and cybersecurity, including the rollout of a microservices-based architecture designed to support regulatory compliance and operational resilience.

Growth and commercial strategy are overseen by Gerad Kostak, Head of Growth. Kostak has a background spanning both technology and military leadership, including business development roles at Glia, where he worked with large enterprise clients. His responsibilities at Lendermarket include investor acquisition, brand positioning, and expansion initiatives.

Financial oversight is handled by Aldar Tsybikov, Head of Finance. Tsybikov has prior experience in investment research and fintech-focused financial roles, including work at Tinkoff Investments. He holds a Master’s degree in Financial Economics from Lomonosov Moscow State University and has completed Level I of the CFA Program. His role covers financial planning, reporting, and internal financial controls at the platform level.^[8]

Lendermarket received authorization from the Central Bank of Ireland in December 2024 to operate as a Crowdfunding Service Provider under EU Regulation 2020/1503 (ECSPR). This authorization places Lendermarket under the EU’s harmonized crowdfunding framework and introduces formal regulatory oversight, governance, and reporting requirements.^[9]

Lendermarket’s audited financial report for FY23, prepared by Azets Audit Services Ireland Ltd, showed a positive performance shift. The company posted a net profit of €87,836, up from a loss of €257,097 in FY22. Assets grew to €1,765,823, while liabilities dropped by over €2 million to €721,997. Gross profit also increased to €1.215 million, up from €999,278 in FY22, reflecting a stronger financial position.^[10]

According to Lendermarket’s audited 2024 annual report, the company generated €1.37 million in turnover, up from €1.25 million in 2023. Gross profit increased to €1.35 million, reflecting stable core operations. However, higher administrative expenses of €1.65 million resulted in an operating loss of €299,639, compared with a net profit of €87,836 in 2023. Despite returning to a loss, Lendermarket’s balance sheet strengthened. Net assets increased to €1.23 million, up from €1.04 million the year before, supported by higher intangible assets and increased client cash balances. Short-term liabilities rose to €887,784, but the company maintained positive net current assets of €229,193, indicating continued operational liquidity.

1. P2PMarketData: “Statistics”
2. Lendermarket: “Homepage - About Us - Registered Users”
3. Lendermarket: “Auto Invest”
4. Lendermarket: “Buyback Guarantee and Extensions”
5. Lendermarket: “Frontpage: Earn up to 18%”
6. Lendermarket: “Loan Statistics”
7. Lendermarket: “FAQ: What are the fees for investors?”
8. Lendermarket: “About Us”
9. Lendermarket: “Blog - Lendermarket Secures Authorisation to Operate as a Crowdfunding Service Provider in the EU​”
10. Lendermarket: “Annual Report 2023”
11. Lendermarket: “Annual report 2024”

Lendermarket is a European peer-to-peer lending marketplace launched in 2019 by Aaro Sosaar, who is also the CEO and founder of Creditstar Group, the platform’s largest and strategically integrated loan originator. Lendermarket operates as a centralized investment platform connecting retail and institutional investors with consumer and personal loans originated by lending companies across Europe. The platform’s loan supply is dominated by Creditstar Group, which operates under multiple consumer lending brands in markets such as Spain, Finland, Denmark, Sweden, Estonia, and the Czech Republic. In addition to its European exposure, Lendermarket also offers loans originated in selected non-EEA markets, including Mexico and Colombia.

The platform is authorized as a European Crowdfunding Service Provider (ECSPR) by the Central Bank of Ireland, allowing it to passport its services across the EU under the ECSPR framework. This regulatory status positions Lendermarket among the regulated investment platforms operating as a loan reselling platform under the EU’s harmonized crowdfunding regime. Investors from the European Economic Area (EEA), and Switzerland can join the platform. For family trusts, partnerships, and LLC companies, a prerequisite for participation is the possession of a bank account in the EEA, or Switzerland. Since its inception in 2019, Lendermarket has successfully attracted over €592 million from investors, boasting a consistent monthly volume averaging €11 million.^[1]  The platform position itself to have attracted more than 21,000 investors.^[2]

• Lendermarket links investors with loan originators enabling investors access to investments in consumer debt products starting at a minimum of €10.
• The platform is operated by the same company that owns Creditstar Group, which provides investment opportunities on Lendermarket.
• Loans on Lendermarket come with a buyback guarantee and advertised average annual return stands at 15.58%.
• Loan durations range from 1 month to 8 years, with interest rates ranging from 10% to 15%.

Lendermarket operates as an investment marketplace where investors gain exposure to consumer and personal loans originated by third-party lending companies. Investors do not lend directly to borrowers. Instead, they invest via Lendermarket, which facilitates access to loans originated by affiliated and external loan originators, most notably Creditstar Group.

Investors can manually select loans or use the platform’s auto-invest tool to allocate capital across available loan listings. The minimum investment per loan is €10, allowing investors to diversify across multiple loans. Available investments typically include short- and medium-term consumer loans with maturities ranging from approximately 1 month up to several years, depending on the originating lender and product type.^[3]

Loan repayments are generally made on a monthly basis and follow an amortizing structure, meaning each repayment consists of both interest and a partial return of principal. Individual loan sizes offered to investors typically range from small consumer loans of a few dozen euros up to several thousand euros per loan, depending on the originator and jurisdiction.

A core feature of Lendermarket is the buyback obligation applied to all listed loans. If a borrower falls more than 60 days overdue, the loan originator is contractually obligated to repurchase the loan from investors at its nominal value, including accrued interest. This mechanism shifts borrower default risk from the investor to the loan originator, making investor outcomes heavily dependent on the financial strength and liquidity of the originating lender.^[4]

Lendermarket does not offer a secondary market, meaning investors should expect to hold investments until maturity or until a buyback event occurs. Liquidity is therefore limited, and capital cannot be exited early under normal conditions. The platform provides an auto-invest feature to automate portfolio deployment but does not offer tools for active portfolio rebalancing or early exits.

The platform’s loan supply is highly concentrated. The majority of loans originate from Creditstar Group, whose founder and CEO is also the founder of Lendermarket. This structural overlap gives Lendermarket a stable and predictable loan flow but introduces originator concentration and related-party risk, which investors must account for when assessing platform risk.

Lendermarket advertises headline returns of up to 18% annual return on its front page, depending on loan originator, loan type, and loan term. These figures represent the upper end of the nominal interest rates offered on individual loans rather than a guaranteed or typical outcome for all investors.^[5]

According to Lendermarket’s statistics page, the platform reports an average nominal interest rate of 12.77% across all loans published. This figure reflects the contractual interest rates set by loan originators on performing loans and does not account for reinvestment delays, cash drag, or originator-specific risks. In addition, Lendermarket reports an average annual return (ARR) of 15.58% for investors and states that investors have earned more than €38 million in interest since the platform’s launch. The platform does not publicly disclose the methodology used to calculate the reported average annual return, nor does it provide a detailed breakdown showing how this figure differs from the average nominal interest rate.^[6]

Lendermarket does not charge investors direct fees for investing, depositing, or withdrawing funds. Instead, the platform generates revenue by charging service or brokerage fees to loan originators. These fees are embedded in the loan economics and are not itemized for investors, meaning the true cost of intermediation is indirectly reflected in the interest rates offered.^[7]

Because all loans include a buyback obligation, realized investor returns are driven primarily by the financial strength and liquidity of the loan originators, rather than by borrower-level repayment behavior alone. As a result, investor outcomes depend heavily on originator solvency and the platform’s loan originator concentration, particularly its reliance on Creditstar Group.

Lendermarket is ultimately owned by Aaro Sosaar, who is also the founder and CEO of Creditstar Group. Sosaar controls the group through his holding company SA Financial Investments OÜ, which owns both Creditstar and Lendermarket. This ownership structure creates strong strategic alignment between the platform and its primary loan supplier, but also results in a clear related-party structure that investors should be aware of.

The day-to-day operations of Lendermarket are led by Carles Federico, who has served as Chief Executive Officer since September 2023. Federico brings more than 15 years of experience in technology and fintech, including senior roles during the global scaling phase of Skype. Prior to becoming CEO of Lendermarket, he was responsible for managing Creditstar’s operations in Spain, giving him direct experience with the loan origination side of the business that underpins the platform’s investment offering.

Technology development is led by Helari Laurent, Chief Technology Officer. Laurent has previously held senior engineering roles at Glia and Bob W, companies known for rapid international expansion and modern technology stacks. At Lendermarket, his focus is on platform scalability, infrastructure reliability, and cybersecurity, including the rollout of a microservices-based architecture designed to support regulatory compliance and operational resilience.

Growth and commercial strategy are overseen by Gerad Kostak, Head of Growth. Kostak has a background spanning both technology and military leadership, including business development roles at Glia, where he worked with large enterprise clients. His responsibilities at Lendermarket include investor acquisition, brand positioning, and expansion initiatives.

Financial oversight is handled by Aldar Tsybikov, Head of Finance. Tsybikov has prior experience in investment research and fintech-focused financial roles, including work at Tinkoff Investments. He holds a Master’s degree in Financial Economics from Lomonosov Moscow State University and has completed Level I of the CFA Program. His role covers financial planning, reporting, and internal financial controls at the platform level.^[8]

Lendermarket received authorization from the Central Bank of Ireland in December 2024 to operate as a Crowdfunding Service Provider under EU Regulation 2020/1503 (ECSPR). This authorization places Lendermarket under the EU’s harmonized crowdfunding framework and introduces formal regulatory oversight, governance, and reporting requirements.^[9]

Lendermarket’s audited financial report for FY23, prepared by Azets Audit Services Ireland Ltd, showed a positive performance shift. The company posted a net profit of €87,836, up from a loss of €257,097 in FY22. Assets grew to €1,765,823, while liabilities dropped by over €2 million to €721,997. Gross profit also increased to €1.215 million, up from €999,278 in FY22, reflecting a stronger financial position.^[10]

According to Lendermarket’s audited 2024 annual report, the company generated €1.37 million in turnover, up from €1.25 million in 2023. Gross profit increased to €1.35 million, reflecting stable core operations. However, higher administrative expenses of €1.65 million resulted in an operating loss of €299,639, compared with a net profit of €87,836 in 2023. Despite returning to a loss, Lendermarket’s balance sheet strengthened. Net assets increased to €1.23 million, up from €1.04 million the year before, supported by higher intangible assets and increased client cash balances. Short-term liabilities rose to €887,784, but the company maintained positive net current assets of €229,193, indicating continued operational liquidity.

1. P2PMarketData: “Statistics”
2. Lendermarket: “Homepage - About Us - Registered Users”
3. Lendermarket: “Auto Invest”
4. Lendermarket: “Buyback Guarantee and Extensions”
5. Lendermarket: “Frontpage: Earn up to 18%”
6. Lendermarket: “Loan Statistics”
7. Lendermarket: “FAQ: What are the fees for investors?”
8. Lendermarket: “About Us”
9. Lendermarket: “Blog - Lendermarket Secures Authorisation to Operate as a Crowdfunding Service Provider in the EU​”
10. Lendermarket: “Annual Report 2023”
11. Lendermarket: “Annual report 2024”