Flender review : crowdlending for Irish SMEs

Flender’s overview

Flender is specialized in loans for Irish businesses. They’re usually rather long-term (1 to 3 years), and annual yields vary between 8% and 12.9% (even 15.9% for speculative loans). No buyback guarantee is provided.

My opinion on Flender

Flender is a great way to finance businesses in Ireland. The returns are competitive and in spite of minor usability troubles, the website is easy to use. I hope that in 2020, the number of loans goes back to normal so that investors can get a more diversified portfolio or invest large sums.

Detailed ratings

Actual performance

The interest rates are lower than for speculative loans from Baltic countries; they will appeal to more conservative investors.

Loans liquidity

The loans amount is rather small (usually €30 000 to €50 000). After a large decrease in 2019, the volume increased in early 2020.


The reporting is rather complete.

Transparency & reliability

The fact that Flender is subjected to Irish regulations makes this platform more trustworthy than its Baltic competitors. On the negative side, I would love to see detailed statistics regarding past defaults.

Website ergonomics

In spite of being slightly counter-intuitive when it comes to navigating, the website is overall pleasant to use.

Flender’s pros & cons


  • Although the financed businesses are located outside Baltic countries, interest rates are interesting
  • Low default rate
  • Stricter regulations than for their Baltic competitors


  • No secondary market
  • Website’s navigation could be improved
  • Small volume of loans

Loans characteristics

Loans duration

Medium-term : one month to one year

Long-term : more than one year

Loans kinds


Minimal investment

€ 50

Buyback guarantee

Buyback guarantee NOT AVAILABLE


EUR – Euro

Overview of Flender’s loans

Flender allows investor to finance businesses through Euro loans. The interest rates usually vary between 8% and 12.9%; the most speculative loans even yield 15.9% annually, which is close to what one can get from CrowdEstate‘s business loans. Most loans have a duration of 3 years; the minimal duration is 6 months.

All borrowers are assigned a rating, from A (less risky) to D (more risky); in addition, the V rating will denote speculative loans.

The loans are granted to small and medium Irish businesses. They belong to many different domains, including :

  • hair salon
  • car sales
  • accounting
  • paint manufacturer
  • fish & chips restaurant
  • ice-cream maker
  • transportation company
Part of Flender's loans list
Part of Flender's loans list

Loans usually sell out in a few days; there are seldom more than 2 or 3 active opportunities at the same time.

The minimal investment amount is € 50, a rather common amount similar to Crowdestor for example; it’s lower than at CrowdEstate (€ 100).

All loans yield interests monthly.

Loans volume

Most loans have smaller amounts than on competing platforms; they’re seldom above € 50,000. While after my initial review the loans volume was satisfying, it decreased a lot in 2019; this was probably due to the uncertainty about the Brexit. In early 2020, the number of loans started to increase again.

Buyback guarantee

Loans at Flender don’t come with a buyback guarantee. However, the platform has very low default rate; as of January 2020, it stands at 0.8%.

Platform’s features

Early exit


Investing methods


Manual investing

Secondary market

Regrettably, Flender doesn’t provide a secondary market. It means that investors will be stuck with their investment for a long period of time.

Manual investing at Flender

While I recommend setting up auto-invest in order to spend less time managing your loans portfolio, it’s possible to invest manually at Flender. There’s always a limited number of loans to invest in, making it rather comfortable to invest manually.

The loans descriptions are really complete and interesting to read.

The only criticism I’d have towards the manual investing process is the choice of a slider to select the investment amount; it’s hard to use, and the amount granularity is weird as the amounts increases by either €10, €20 or €30. It would be much easier to type the desired amount !

Manual investing at Flender
Manual investing at Flender

On the other hand, I really appreciate that before confirming the investment, investors are reminded of the essential characteristics of the loan, as well as the total expected interests.

When investing manually, it’s possible to invest directly using a credit cart without funding your account first.


Flender‘s auto-invest (called AutoFlend) is easy to setup. For each duration interval, it’s possible to select the loans grades to invest in, as well as the maximal investment amount.

One annoying aspect is that while investors can select the ratings of the loans they want to invest in, they don’t get to specify the interest rates. Some back-and-forth between the auto-invest screen and loans list is necessary in order to find that information.

Flender's auto-invest screen
Flender's auto-invest screen

Website’s ease of use



Funding methods

Flender’s registration process

Registering an account at Flender is quick and easy. For KYC purposes, it’s necessary to upload a copy of an identification document. Mine was validated in one business day.

Account funding and funds withdrawal

Website’s design and ergonomics

I find the navigation system a bit confusing, with the “dashboard” button being replaced by notifications while on the dashboard. More generally, the main menu changes depending on the current location of the website, which is annoying. Also, one of the menu contains a sub-menu, but there’s a lot of space left on the screen; why require an extra click ? Finally, while on the dashboard, some features such as transactions reports can be accessed both via the top menu, or via buttons. All this gives a feeling of inconsistency, and makes navigation less intuitive than most competitors.

I had another slight criticism regarding the dashboard’s readability, but this was addressed by a website’s upgrade. Apparently other investors complained about this; it’s great to see that Flender listens to feedback from their users !

Apart from these two aspects, the site looks good and is easy to use.

Available languages & translations quality

Flender‘s website is only available in English.


Reporting is rather complete. I appreciate the opportunity to export reports as PDF or CSV. Another useful feature is the repayment reports, which is a complete schedule of the next payments


Flender‘s FAQ could be more complete, as it conveniently forgets to mention the platform’s missing features. For, example it doesn’t mention the absence of a buyback guarantee or of a secondary market.


There’s a live chat box available during business hours; it’s also possible get in touch by e-mail or phone.

Communication from the platform​

Flender sends a monthly account summary, as well as notification when new investment opportunities are available.

Actual performance of my Flender portfolio


At the end of August 2021, the XIRR for my Flender portfolio was 8,78%.

My Flender portfolio is quite recent, and I still have some idle funds as I want to spread them between several projects; as a result, my current performance is currently much below the theoretical one.

Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.

Portfolio creation date

I created my Flender portfolio in May 2019.

Flender's main competitors

For a detailed comparison of the different real-estate and business crowdlending platforms, check out this article.

Flender's facts & figures


Dublin, Ireland

Founded in


Number of investors


Loans amount financed

€ 22,176,677

As of April 2020

Who can invest at Flender

Almost anyone can become a lender on Flender. To become a lender you need to meet the following criteria:

  • You must be over 18 and a have valid passport or driving licence
  • You must have a valid bank account available
Flender 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.

1 thought on “Flender review : crowdlending for Irish SMEs”

  1. Hi,

    I hope you are well.

    FYI major cull at Flender. CEO and co founder gone. 2nd Co founder and head of credit gone. 2 other senior executives gone, head of Marketing who came on board recently to major fan fare who was also an investor gone! No announcement! 

     Since last year 3 of the 4 founders are gone!

    Looks like institutional investors got fed up and wanted to run the business themselves. 

    Serious questions on underwriting of the loans/ risk profile in order ro reach profitability only possible with volume of loans especially with the high level of bonuses Flender are dishing out. 

    With institutional investors there risk appetite is a lot higher and defo a number of the loans the financials for the SME businesses adverized definitely does not match the graded risk profile for the loans graded by Flender.


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