Interest rates have sharply dropped since around mid July on Mintos, the platform with the largest allocation in my P2P portfolio. As a result, in this post I would like to talk about some Mintos alternatives that are still offering higher interest rates and show you where I’ve added more funds recently.

In addition, I thought it would be interesting to ask my good friend Bernhard Hummel, who has over 153.000€ invested in P2P lending and more experience than me in the market, about his opinion. You’ll find out what he’s doing in this situation and what he would do as an investor looking for alternatives to Mintos right now.

I recently made two new additions to my P2P portfolio, Monethera and Wisefund. I was intrigued by the high interest rates of up to 21% per year, combined with the buyback guarantee.

However, since both Monethera and Wisefund are still very young, I decided to only invest 500€ into each for now. Before I consider increasing my investments there, I would first like to see if interest as well as principal payments arrive on time.

In this short post, I’m going to share my early impressions and my experience so far.

Please make sure you also read my recent update at the end of the post.