Monefit SmartSaver review 2025
Read this Monefit SmartSaver review to learn the pros and cons of the P2P platform. You will get a detailed analysis of the platform, its features, and any potential drawbacks. See a quick overview of our assessment of Monefit here:
Monefit SmartSaver
Pros
Cons
Monefit review summary:
Monefit SmartSaver is one of the easiest-to-use P2P investment products on the market. But the platform doesn’t provide the same level of transparency into which loans you are investing in as you normally get on P2P lending platforms like Lendermarket. The return is also slightly lower at 7.25-9.96%, which probably is due to lower risk and more similarities with savings accounts. You can invest automatically and withdraw at any time. Monefit also has a great reputation on Trustpilot.
It’s 100% free to open an account
Read the in-depth Monefit review
In the full review, we provide an in-depth analysis of Monefit and how the investment platform stacks up against the +30 other P2P lending platforms we have tested and reviewed since 2019.
This Monefit SmartSaver review covers key benefits, drawbacks, and how to reduce risks. We also examine Monefit’s features, investor implications, and safety measures. Remember, this content reflects our opinion and is not financial advice.
Learn about the following in our Monefit review:
- What is Monefit?
- What is the return on Monefit?
- Is it safe to invest on Monefit?
- Who can invest on Monefit?
- What are the key features of Monefit?
- How to withdraw money from Monefit?
- What are the best Monefit alternatives?
- Conclusion of our Monefit review
What is Monefit?
Monefit is a European online investment brand launched by Creditstar Group in November 2022, advertising potential returns of up to 10.52%. Its core product, Monefit SmartSaver, allows you to invest in Creditstar’s loan portfolio starting from just €10.
Monefit SmartSaver works by pooling your funds with other investors and lending those funds via Creditstar’s consumer loan products. The interest generated from the repaid loans is passed on to investors as returns. Different lock-up periods may offer varying annual interest rates.
Monefit SmartSaver is used by around 18,000 investors. Official data on the exact number of loans funded is not publicly disclosed.
Monefit is not regulated, as it is not required in the jurisdiction in which it operates.
Monefit statistics:
| Launched: | 2022 |
| Investors: | 14,000 |
| Interest rate: | 7.25 % |
| Loan period: | Unknown |
| Loan type: | Unknown |
| Loans funded: | Unknown |
| Min. investment: | € 10 |
| Max. investment: | € 50,000 |
Monefit SmartSaver Trustpilot rating
Monefit SmartSaver has received a TrustScore of 4.5/5 based on 424 reviews on Trustpilot. Investors commend its user-friendly platform, transparent approach, and reliable returns, making it a comfortable choice for many. At the same time, concerns about the 10-day withdrawal period and lack of a dedicated mobile app highlight areas where users hope to see future improvements.
What is the return on Monefit?
According to Monefit, the average return is 7.25%.
Compared to other well-known P2P lending platforms like Esketit, VIAINVEST, and PeerBerry, Monefit’s average return rate of 7.25% is very small. But compared to a savings account the return is quite high but you are also taking more risk.
While Monefit is advertising a 7% return on investment on their product, this return can fluctuate as stated in the terms and conditions of the platform. This is probably because market conditions can impact the returns and profits of the company.
Time-limited welcome bonus
Readers of this Monefit review are eligible for a €5 registration bonus plus 0.25% cashback on all investments for 90 days. To unlock this time-limited offer, new investors must sign up using the button below and invest at least €10. No Monefit promo code is required.
Does Monefit withhold taxes?
Monefit does not withhold taxes from investors’ earnings, which can make it simpler for you to manage your tax obligations. This approach differs from some P2P investment platforms like Nectaro and VIAINVEST, which withhold a portion of your earnings for tax purposes.
Tax report
Monefit offers a dedicated tax report to simplify filing requirements with local authorities. You can conveniently download your income statement in the dashboard on the Monefit platform.
Is it safe to invest on Monefit?
Monefit is not the necessarily the safest place to invest your money because it operates as a black-box platform with limited transparency into the loans you fund. This lack of insight can raise questions about reliability.
While Monefit is not regulated, it is owned by the profitable Creditstar Group, which indicates that the platform is reliable and legitimate, rather than a scam.
Creditstar Group, which also operates Lendermarket, has seen a high volume of pending payments on its P2P lending platform. While there are no known issues with payouts on Monefit, the platform funds payday loans similarly to Lendermarket — raising concerns that it could face similar pending-payment and liquidity risks for investors.
Because Monefit is not a bank, there is no deposit protection in place, meaning your funds are not shielded by government-backed guarantees.
Who can invest on Monefit?
It is possible for both private individuals and companies to invest via the Monefit platform.
Individuals
To create a user as an individual, you must meet the following requirements:
- Be at least 18 years old
- Have a bank account in the SEPA zone
- Have your identity verified by Monefit
If you match the aforementioned qualifications, getting started with Monefit is simple. Simply follow the steps below, and you should be up and running in no time:
- Sign up at https://monefit.com/
- Add funds to your account
- Start investing
Companies
If you want a corporate account you can open one at Monefit when signing up and creating an account. Simply indicate that you are making an account for a company and upload the required documents.
Available countries
Monefit is available to investors from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom.
What are the key features of Monefit?
In the following part of our Monefit review, you can learn about the main features of the platform, and why they are important for you as an investor.
Monefit auto-invest
The auto-invest feature on Monefit is called SmartSaver. It is a tool designed to automate the investment process for users, allowing them to earn passive income without having to manually choose and invest in individual loans.
With Monefit investors do not have visibility into the specific loans their money is invested in. The platform handles the allocation of funds, with the expectation that it will act responsibly and optimize returns for investors.
How to withdraw money from Monefit?
Monefit doesn’t have a secondary market for selling your loans but provides a withdrawal option.
Withdrawals from your SmartSaver account are not instant; however, the platform promises to process them within 10 days.
Please remember that there is a minimum withdrawal limit of €50 in place and all transfers between you and the platform should be made in Euros.
What are the best Monefit alternatives?
Some of the best alternatives to Monefit are Lendermarket and Mintos, which offer higher interest rates on loans from the Creditstar Group.
Conclusion of our Monefit SmartSaver review
Monefit is a user-friendly P2P investment product offering an investing experience that feels close to a savings account. The platform sets itself apart with its user-friendly interface, flexible withdrawal option, and straightforward investment model that requires minimal setup.
While Monefit offers no lock-in periods, a low €10 minimum investment, and a respectable track record supported by Creditstar Group, investors face potential drawbacks related to limited transparency, a lower average interest rate of 7.25%, and a maximum investment cap of €50,000.
Monefit might be worth it for beginners and casual investors seeking relatively stable returns without the complexities of loan-by-loan selection. It might not be a good investment for those wanting direct insight into specific loans or higher yields. If you prefer more transparency or a wider range of diversification, explore other P2P lending platforms that provide detailed breakdowns of loan portfolios.
Do you want to sign up after reading this Monefit review? Click the button below to visit the website where you can become an investor:
