TFGcrowd review

TFGcrowd review

TFGcrowd’s overview

TFGcrowd allows investors to lend money to businesses; interest rates for these loans vary from 8% to 17%. Many of them are protected by a buyback guarantee.

My opinion on TFGcrowd

The great interest rates and solid buyback guarantee on many loans seem to make TFGcrowd a great choice to diversify your portfolio. However, as the platform doesn’t have much track record yet, I encourage investors to be patient and grow their portfolio slowly.

Detailed ratings

Performance

The interest rates for the few available projects are rather high.

Loans liquidity

While the financed amounts aren’t very large, new projects are regularly added.

Reporting

The reporting is rather basic.

Buyback guarantee

TFGcrowd provides a buyback guarantee for most loans; the 30 days delay is rather short.

Website ergonomics

The website is simple to use.

TFGcrowd’s pros & cons

Pros

  • A large variety of loans
  • Financed business located throughout Europe
  • A solid buyback guarantee is provided

Cons

  • Minimal investment per project is € 100

Loans characteristics

Loans duration

Medium-term : one month to one year

Long-term : more than one year

Loans kinds

Real-estate

Business

Minimal investment

€ 100

Buyback guarantee

Buyback guarantee available

Currencies

Euro

Overview of TFGcrowd’s loans

In term of interest rates, the loans at TFGcrowd are rather competitive; interest rates can be as high as 17%, which is very high given most loans come with a buyback guarantee.

One very appreciable aspect of TFGcrowd’s projects is that they’re very diversified, both geographically and in term of industries. Indeed, financed firms are located in UK, Germany, Latvia. Apart from the usual real-estate developments, funded businesses include :

  • Indoor karting race track
  • Restaurants
  • Food delivery company
  • Nutritional supplements manufacturer
  • Logistics company
  • SPA & beauty salon
  • Co-working space
A sample of TFGcrowd's financed projects
A sample of TFGcrowd's financed projects

Most loans reimburse interests monthly, which is great for investors looking for a regular cash-flow.

Loans volume

There are several new investment opportunities every month. The financed amounts vary greatly, from as little as € 20,000 to as much as € 400,000.

Buyback guarantee

A subset of TFGcrowd‘s loans is covered by a buyback guarantee. It covers both interests and principal, and triggers after a 30 days delay. For loans that don’t come with such a guarantee, the presence of a collateral increase the investment’s safety; however, recovery delays may be long.

Platform’s features

Early exit

Early exit NOT AVAILABLE

Investing methods

Manual investing

Secondary market

There’s unfortunately no secondary market at TFGcrowd; it also isn’t possible to resell loans to the platform. This lack of early exit is the platform’s main weakness.

Manual investing

As only a few projects are simultaneously available, manual investing is comfortable.

The project are described in great details; although they lack a risk rating like CrowdEstate provides, I find the description very complete and it makes for a pleasant read.

TFGcrowd's "Indoor karting race track" project description
TFGcrowd's "Indoor karting race track" project description

Auto-invest

Currently, TFGcrowd doesn’t allow automatic investing; it has to be done manually.

Website’s ease of use

Languages

English

Funding methods

TFGcrowd’s registration process

While registering was as often quick and easy, the KYC (Know Your Customer) procedure gave me some trouble. Indeed, the website kept rejecting the scan of my passport (the same I use for all crowdlending websites). I ended up contacting the support and they validated it manually; it didn’t take long for them to notify me, and their reply was professional.

Account funding and funds withdrawal

Website’s design and ergonomics

I find the design of TFGcrowd‘s website rather clean and it’s straightforward to use.

Among the possible improvements, it would be great to have a buyback icon for relevant projects in the projects list.

Available languages & translations quality

The website is only provided in English, and I couldn’t find any typo or awkward phrasing.

Reporting

There is unfortunately very little reporting available, apart from the transactions list and the projects portfolio.

Documentation

The FAQ is small and rather concise but useful. In addition, there’s also an overview of the investment process.

Support

It’s possible to get in touch with the TFGcrowd by e-mail, as I did when I had troubles registering.

I contacted them again later with a question regarding the reimbursement schedule (which unfortunately isn’t visible on the website). Once more, their reply was quick and to the point; after my bad experience with Grupeer‘s support, it’s nice to see that other platforms do care about their customers’ inquiries and feedback !

Communication from the platform​

For now, the only notifications I received were when new investment opportunities became available. I regret that the platform doesn’t sent a message when funds reach my account.

TFGcrowd’s main competitors

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

TFGcrowd’s facts & figures

Location

Tallinn, Estonia

Founded in

2016

As of August 2019

Who can invest at TFGcrowd

Anyone who is at least 18 years old and has a bank account in one of the European Union States or EEZ banks.

TFGcrowd FAQ

Disclosure

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.

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