Esketit is the new Irish crowdlending platform, belonging to the owners of the well-known Originator Creamfinance , thus joining the saga of platforms focused on a single Originator or Group of Originator such as Lendermarket, Moncera or more recently, Afranga. In this review we share all our opinions as users of it from day 1… Don’t miss it!
Esketit Review – Critical Performance Parameters Opinion and Analysis
PROFITABILITY: Esketit presents a profitability above the average compared to other representative platforms in the sector, with an average of around 12.5% per year and a range typically between 10% and 14%
RISK: Esketit has a wide range of investable assets, including from short-term personal loans to loans to companies, all of them covered by the Buyback Obligation, with which we are returned the invested capital and interest owed in case of delays in payment by the borrower and the CreamFinance Group Guarantee that provides an additional layer of security to operations. In any case, we must be aware that the integrity of our investments will ultimately depend on the financial health of CreamFinance, an Originator that has certainly been profitable year after year since its inception in 2012.
TRUST: Esketik is a platform owned by Devis Barons and Matiss Ansviesulis, the same owners of the CreamFinance Originator and satellite originators participating in the platform, with which in this sense we are certain that we are investing in the Group’s “official” platform. Furthermore, the company is registered in Ireland (Esketit Platform Limited) with Reg. 673443, with offices and operational headquarters in Latvia.
DIVERSIFICATION: Esketit offers a relatively wide variety of loan typologies, maturities and countries / originators, including CreditAir in the Czech Republic, Lendon.mx in Mexico -both originators part of the CreamFinance group- Money for Finance in Jordan and Loanme in Sri Lanka, these last two outside of CreamFinance, but also owned by the executives that we mentioned in the previous point.
LIQUIDITY: Esketit is a relatively liquid platform compared to others in the sector due to both the short average duration of its operations (typically one or two months with quite a lot of loans maturing in one or two weeks) and the presence of a secondary market from the beginning to be able to sell (and buy) the assets that we want.
Esketit P2P Marketplace Review Cream Finance Review
Advantages of Esketit – Strengths
➊ Access to the varied portfolio of loans from CreamFinance and other Originators belonging to the founders with higher yields than those that we can find in marketplaces that offer loans from this Group.
➋ Abundance of very short-term operations with very reasonable interest rates, in addition to the presence of the secondary market from the outset.
➌ Strong emphasis on transparency from day one, with detailed statistics and very detailed information about the Originators.
Weaknesses and Aspects to improve – Opinions
➊ Mono-originator platform: its performance and reliability depends exclusively on the solvency of its Originating Group (CreamFinance and Originators associated with its owners)
➋ Platform of relatively recent creation, without too long a history to evaluate its long-term performance.
Do you want to have a space to comment and share your doubts and experiences about this Irish crowdlending platform?… Look no further! Here below we enable the Sketit Cream Finance Forum so that you can express yourself and ask freely… Write us your comment!