Which European P2P platforms are licensed — and under which regime

Comparison sites rank P2P platforms by interest rate and buyback; the legal regime a platform is actually authorised under is rarely part of that comparison — and “regulated” can mean five very different things, with very different consequences if the platform fails. This page records the operator entity, jurisdiction and licence for 15platforms, each read from the operator’s own site and dated, so every row can be checked against its source rather than taken on trust.

Of the 15 platforms recorded, 7 hold a licence for the activity they offer — 4 under the EU crowdfunding regulation and 3 as investment firms, which is a different regime with different protections.

4 — ECSPR crowdfunding licence
3 — Investment-firm licence
1 — AML self-regulation only
1 — Licence for a different activity
5 — No licence stated on pages checked
1 — Platform declares it is not regulated

Why the regime is the thing to check

ECSPR crowdfunding licence. Authorised under EU Regulation 2020/1503. Passportable across the EU, with a mandatory Key Investment Information Sheet and an investor entry test. Does not include investor-compensation-scheme cover.

Investment-firm licence. Authorised under MiFID II as an investment firm or investment brokerage. A different regime from ECSPR — typically carries investor-compensation-scheme cover, which ECSPR does not.

Licence for a different activity. Holds a registration or licence, but for an activity other than lending or crowdfunding — so it does not authorise the service being offered.

AML self-regulation only. Membership of a self-regulatory body for anti-money-laundering purposes. This is not a financial-services licence and implies no prudential supervision.

No licence stated on pages checked. No financial-services licence or supervisory authority was found on the operator pages checked. This is NOT a finding that the platform is unlicensed — only that nothing was published where a reader would look.

Platform declares it is not regulated. The operator states on its own site that it holds no financial-services licence.

How this was compiled, and what it does not say

Every row was read from the operator’s own homepage, about page or footer on 2026-07-27, and the exact page is linked in the table. Regulatory status changes — platforms get licensed — so treat any row as a dated observation, not a permanent fact.
“No licence stated” is not a finding that a platform is unlicensed. It means no financial-services licence or supervisory authority was published where a reader would look. Only one platform in this set is recorded as unregulated, and only because it says so itself, quoted verbatim.
This page contains no yields, default rates or return figures. It is a record of legal and regulatory structure only.
YieldNav earns affiliate commission from several of these platforms. The regime column is not adjusted for that. The platform with the most thorough disclosure and the platform that declares itself unregulated are monetised alike.
Some operators publish statistics or annual-report pages that were identified but not opened in this pass; those are marked in the table. Nothing here claims a platform fails to publish performance data.

ECSPR crowdfunding licence

Authorised under EU Regulation 2020/1503. Passportable across the EU, with a mandatory Key Investment Information Sheet and an investor entry test. Does not include investor-compensation-scheme cover.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
EstateGuru	Estateguru OÜ	12558919	EE	Finantsinspektsioon (Estonia)Activity licence, decision no. 4.1-1/48	sourceread 2026-07-27
LANDE	SIA LANDE Platform	—	LV	Latvijas Banka (Bank of Latvia)European Crowdfunding Service Provider licence, by resolution of Latvijas Banka	sourceread 2026-07-27
Lendermarket	Lendermarket Limited	585178	IE	Central Bank of IrelandRegulation (EU) 2020/1503	sourceread 2026-07-27
Crowdpear	Crowdpear, UAB	—	LT	Bank of Lithuania	sourceread 2026-07-27

EstateGuru: “Estateguru is a licensed European crowdfunding service provider operating under an activity licence issued under decision of Finantsinspektsioon no. 4.1-1/48” Also operates regulated subsidiaries in Lithuania and Finland. Annual reports page published at /annual-reports/.Statistics/reports page identified but not audited in this pass: https://app.estateguru.co/statistics/

LANDE: “EU-regulated and supervised by the Bank of Latvia” Best disclosure practice observed in this set: links directly to BOTH its Bank of Latvia registry entry and the ESMA register, so a reader can verify the licence without taking the platform's word for it.

Lendermarket: “Authorised EU crowdfunding Service Provider under Regulation (EU) 2020/1503”Statistics/reports page identified but not audited in this pass: https://lendermarket.com/loan-statistics

Crowdpear: “is included in the public list of crowdfunding service providers … supervised by the Bank of Lithuania” Inclusion in the supervisor's public list is stated, but no licence number is published on the page checked — verify against the Bank of Lithuania register before relying on it.Statistics/reports page identified but not audited in this pass: https://crowdpear.com/statistics/

Investment-firm licence

Authorised under MiFID II as an investment firm or investment brokerage. A different regime from ECSPR — typically carries investor-compensation-scheme cover, which ECSPR does not.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
Debitum	SIA DN Operator	42103092209	LV	Latvijas Banka (Bank of Latvia)Investment brokerage company licence	sourceread 2026-07-27
Nectaro	SIA Nectaro	40203016025	LV	Latvijas Banka (Bank of Latvia)IBF Licence Nr. 27-55/2023/3	sourceread 2026-07-27
TWINO	AS TWINO Investments	44103143823	LV	Latvijas Banka (Bank of Latvia)Licence no. 06.06.08.720/536	sourceread 2026-07-27

Debitum: “Investment brokerage company license issued by Latvijas Banka” Markets itself as a 'Licensed P2P Lending Platform'. The licence is an investment-brokerage authorisation, NOT an ECSPR crowdfunding licence — a different regime with different protections.

Nectaro: “compensation … 90% of their net loss, up to a maximum of €20 000” Cites investor-protection cover under Directive 97/9/EC — a protection attached to the investment-firm regime, which ECSPR-licensed platforms do NOT carry. This cuts in the platform's favour and is the clearest example of why the regime distinction matters.

TWINO: “supervised by Latvijas Banka” States that it and its loan originators are audited annually by an independent auditor. Regulated under MiFID II.Statistics/reports page identified but not audited in this pass: https://www.twino.eu/en/about/financials

Licence for a different activity

Holds a registration or licence, but for an activity other than lending or crowdfunding — so it does not authorise the service being offered.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
FinForta	not named on page	—	CZ	Czech authority (VASP registration)Ref. No. UMCP1 055661/2022	sourceread 2026-07-27

FinForta: “legally registered and compliant with the current Czech regulations for providing services related to virtual assets (VASP), license: Ref. No. UMCP1 055661/2022” The licence cited is a VIRTUAL-ASSET service registration. That is not an authorisation to provide crowdfunding or lending services, and it is presented alongside a real-estate crowdfunding offer. No operator entity name was found on the page checked.

AML self-regulation only

Membership of a self-regulatory body for anti-money-laundering purposes. This is not a financial-services licence and implies no prudential supervision.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
Maclear	Maclear AG	—	CH	PolyReg Services GmbH (self-regulatory organisation)SRO membership	sourceread 2026-07-27

Maclear: “our company's activity is regulated, verified, and monitored by the SRO” SRO membership is ANTI-MONEY-LAUNDERING supervision, not a financial-services licence and not prudential supervision by FINMA. The site's use of the word 'regulated' is accurate about AML and easy to read as more than it is. REGULATOR WARNING: Spain's CNMV has published a public warning that MACLEAR AG (www.maclear.ch) is not authorised to provide crowdfunding services under Spanish Law 5/2015 or EU Regulation 2020/1503 (May 2026; also listed on IOSCO I-SCAN, id 52067; checked 2026-09-29).

No licence stated on pages checked

No financial-services licence or supervisory authority was found on the operator pages checked. This is NOT a finding that the platform is unlicensed — only that nothing was published where a reader would look.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
8lends	not named on page	—	CH	none named	sourceread 2026-07-27
robo.cash	Robocash d.o.o.	—	HR	none named	sourceread 2026-07-27
Lonvest	Lonvest P2P Investment Platform LLC	—	HR	none named	sourceread 2026-07-27
Loanch	PRZEMEK SAVJETOVANJE d.o.o.	49535909257	HR	none named	sourceread 2026-07-27
Monefit SmartSaver	not named on page	—	EE	none named	sourceread 2026-07-27

8lends: No operator entity or licence named on the page checked. Presents Maclear AG (Switzerland) as parent. Publishes dated monthly reports, which is more than most of this set.

robo.cash: Legal entity and Zagreb address published; no financial-services licence or supervisory authority named on the About page checked.

Lonvest: Statistics/reports page identified but not audited in this pass: https://lonvest.com/statistics/

Monefit SmartSaver: No operator entity, registration number or supervisory authority is named on the investor-facing page; it states only that money "funds consumer loans issued by Creditstar Group companies", and that because it is "an investment platform, not a deposit account, there's no government guarantee on your money". A RELATED COMPANY IS LICENSED, AND IT MATTERS THAT THIS IS NOT THE SAME THING: Creditstar Estonia AS appears on the Estonian regulator's own list of licensed creditors (Finantsinspektsioon, "Licensed creditors in Estonia", fi.ee/en/banking-and-credit/creditors, read 2026-07-27). A creditor licence authorises LENDING TO CONSUMERS. It does not authorise accepting investment from the public, it is held by a different entity from the one presenting this product, and it carries no investor-compensation scheme and no investor-facing disclosure duty. So a reader who finds "Creditstar is regulated in Estonia" has found a true statement about a borrower-facing licence, not a protection covering their own money. Recorded here because that inference is the single easiest mistake to make about this platform.

Platform declares it is not regulated

The operator states on its own site that it holds no financial-services licence.

Platform	Operator entity	Reg. no.	Jurisdiction	Supervisor / licence	Source
Hive5	Hive5 marketplace d.o.o.	081441259	HR	none named	sourceread 2026-07-27

Hive5: “Hive5 is not regulated under any financial services license.” The platform states this itself, plainly, on its own site — which is honest disclosure, and is why it is recorded as declared rather than inferred.

Capital at risk

Investing in P2P loans and crowdfunding puts your capital at risk — you may lose some or all of the money you invest. Advertised or historical returns are not guaranteed and are not a reliable indicator of future results. These platforms are not banks and are not covered by any deposit-guarantee scheme; your money can be illiquid and a platform can fail. Availability and eligibility vary by country. This is information, not financial advice.

Compiled by NorwegianSpark SA editorial. Corrections welcome — if a licence has been granted, changed or withdrawn since 2026-07-27, email thomaslien@norwegianspark.com and the row will be updated with a new capture date. Nothing on this page is financial advice, and a licence is not a guarantee against loss.