Crowdestor

Crowdestor is an Estonian crowdfunding platform that was founded in 2017, and to date, more than EUR 51 million has been invested in different projects through the platform. Crowdestor offers three loan types/loan projects: business, real estate and specialized loans. The platform does not have an Investment Brokerage/ Crowdfunding licence.  Minimum investment amount investing in Crowdestor is just 50 EUR.

Crowdestor, a crowdfunding platform based in Estonia, offers twice the above-market average return without any justification. The platform provides a secondary market. The financial health of the platform is reasonable, such as having the ability to cover its short-term obligation with its current assets. Annual reports are available on the web page but not the historical loan books. Some potential red flags include suspicious persons in the owners/board involved in previous scams or bad reputation and not being found in the registered address.

The platform provides the names of board members and some employees on their web page with the links to their linkedIn profile. The owners are also mentioned there. The board members are experienced in the financial industry with academic background related to this industry.