Moncera (initially known as Bancera) is a new Estonian crowdlending platform that offers on its website the loans of the well-known Originator Placet Group , a company specialized in personal loans -also present in Mintos with a very good rating (“A -“) – created in 2005 and that allows us to access operations with a total Buyback at 30 days and returns in the range 10 – 12%
In this review we share all our opinions about the platform as users of it… Don’t miss it!
Moncera Opinion – Critical Performance Parameters – Is it safe, reliable …?
PROFITABILITY: Moncera offers returns on Placet Group loans 1 or 2 points higher than those offered by Mintos from this same originator. Currently, this annualized profitability can reach up to 14%, above the average for the sector.
RISK: All Moncera operations are covered by the Originator Placet Group’s Buyback Guarantee, which is total (principal + interest) and is executed within 30 days of default. It should be noted that Placet is one of the best Mintos Originators, and that it has presented more than 2 million euros of profit in its latest accounts.
CONFIDENCE: Although it is true that the “Moncera” brand is a newcomer to the P2P platform arena, its agreement with Placet, publicly confirmed by them, can give it the added confidence to start having them in our crowdlending portfolio.
DIVERSIFICATION: Despite having a relatively high number of different operations in the primary market, we must be aware that in the case of Moncera – at least for the moment – all loans will come from Placet Group.
LIQUIDITY: One of Moncera’s strengths is liquidity, and that is that it offers the “One-click Exit” functionality, through which we can get out of a specific loan at any time and have the money invested in our account immediately. This operation is free for the first 14 days from the loan acquisition (Cool-off period) and then has a cost of 0.5%
Moncera Review – What It Is and How It Works
Moncera is a traditional crowdlending marketplace -similar in style and functionalities to the majority of Latvian and Estonian platforms to which we are accustomed- that was born centered on the Originator Placet Group, a company founded in 2005, with more than 1.5 decades of experience and one of the main non-bank credit institutions in Estonia whose main business is personal loans to individuals.
In Moncera we can invest both manually and through its simple Auto-Invest, in both cases from just 10 euros per operation . All operations have a 30-day Buyback that covers 100% of capital and interest , and although it does not have a secondary market, at any time we can request the early withdrawal of our loans with a maximum penalty of 0.5% of the amount invested.
Opinion Moncera P2P Lending Review
Moncera Advantages – Strengths
➊ Average returns of 12% in a quality originator such as Placet Group.
➋ Option to exit our investment early at any time (free of charge for the first 14 days, then 0.5%)
➌ 100% Buyback coverage (capital and interest) by Placet for our operations.
Weaknesses and Aspects to improve
➊ Platform for the moment mono-originator, with which – for better or for worse – we can only invest in Placet operations.
➋ It is a relatively recent investment website, which is still building its user base. It remains to verify their performance and long-term performance.