Ekassa features two very simple strategies for durations ranging from 1 to 6 months. One offers guaranteed returns between 7% and 7.4%, while the second doesn’t have a guaranteed performance, but is expected to yield at least between 7% and 9% depending on the duration.
My opinion on Ekassa
The interest rates are lower than for more complex offers.
Liquidity doesn’t seem to be a concern for now.
Thanks to a very easy mechanism, there’s no need for much reporting.
For the Profitable strategy, the 60 days delay is long, especially as the interests aren’t guaranteed.
The website is straightforward to use.
Ekassa’s pros & cons
- An extremely simple offer
- Extremely competitive rates for both strategies
- The fees for early withdrawal are a bit high
There are two strategies available; the first one, named Guaranteed offers a guarantee income, while the returns for other one named Profitable aren’t guaranteed.
The duration of the investment can be 1, 3 or 6 months. It’s possible to invest either in Euro or in Polish Zloty; here I’ll focus solely on Euro loans.
For the Guaranteed strategy, the returns for the different durations as 7%, 7.2% and 7.4% (as of January, 2019). For the Profitable strategy, the expected ranges are 7% – 9%, 8% – 10% and 9% – 11%.
Compared to Ekassa‘s competitors, the interest rates for short-term guaranteed loans are very interesting.
Investors choosing to invest through the Guaranteed strategy obviously don’t have to worry about buyback.
For those who chose the Profitable strategy, the buyback triggers 60 days after the end of the loan, and covers only the principal. As loans usually last one month, this means that investors potentially won’t get any interest on defaulted loans for 3 months. That’s why the expected returns are lower than the loans’ interest rates.
It’s possible to sell your loans back to the platform; the associated fee is 1% of the amount. As usual, I advise against investing money your may need !
Unlike more complex platforms, there’s no need to configure auto-invest. Indeed, investing using the provided strategies means the investor only has to select the investment amount and duration.
Although I see little need for it, it’s still possible to select loans individually.
Website’s ease of use
Available languages & translations quality
Ekassa‘s website is available in English and German. The English translation is great, making the platform even more user-friendly.
Opening an account at Ekassa is straightforward. There’s currently no KYC (Know Your Costumer) check, making the process even more convenient.
Only SEPA transfer is available. Funds are credited quickly.
Website’s design and ergonomics
Overall, the website is very easy to use. One small flaw is the inability to stay connected, forcing you to type your password every time you reopen your browser. But on the other hand, there’s little need to check the website often !
Reporting is simple but really sufficient; there’s no real need to closely follow Ekassa‘s portfolios.
Actual performance of my Ekassa portfolioAt the end of March 2019, the XIRR for my Ekassa portfolio using the Profitable strategy was 7.57%. This is below the expected range (9% – 11%) but the performance is slowly increasing.
Ekassa’s main competitors
In addition, the Profitable strategy is expected to provide better returns for all durations, making it an excellent choice for all investors.
Overall, as outlined in my review of one-click investing platforms, I consider that Ekassa is the best choice for investors who want a very easy investing experience without sacrificing returns.
Ekassa’s facts and figures
As of February 2019
Who can invest
Investing with Ekassa is open to any EU resident who is at least 18 years old with a bank account.Ekassa FAQ
Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.