Mocasa Review: A Safe and User-Friendly P2P Lending Platform

Peer-to-peer (P2P) lending has become an increasingly popular form of investment in recent years. As an alternative to traditional banking and investment methods, P2P lending offers investors the opportunity to earn attractive returns on their investments. One platform that has gained attention from investors is Mocasa. In this review, we’ll take a closer look at Mocasa, its features, and its safety as a P2P lending platform.

About Mocasa

Mocasa is a P2P lending platform based in Estonia. The platform was launched in 2020 and is owned by Mocasa Group, which has granted loans to over 1 million borrowers. Mocasa offers investors the opportunity to invest in loans originated by a single loan originator, making it an easy way for investors to diversify their portfolio. The platform is available to investors in the EU and UK.

Mocasa Features

Mocasa is a user-friendly platform, making it suitable for both beginner and experienced investors. Here are some of the key features of the platform:

Investment Options

Mocasa offers two investment options for investors – a standard account and a premium account. Standard accounts have a minimum investment of €10, while premium accounts have a minimum investment of €1,000. Premium accounts offer higher interest rates and lower fees than standard accounts.

Buyback Guarantee

Mocasa has implemented a buyback guarantee on all loans on the platform. This means that if a borrower fails to repay their loan, the loan originator will buy back the loan from the investor, ensuring that the investor’s investment is protected.

Loan Originator

Currently, Mocasa only offers loans originated by a single loan originator. This may limit the diversification of an investor’s portfolio. However, the loan originator has a long track record of successful lending and has granted loans to over 1 million borrowers.

Secondary Market

Mocasa has a secondary market where investors can buy and sell their investments. This allows investors to exit their investments before the loan term ends. However, liquidity on the secondary market may be limited.

Safety of Mocasa

When considering investing in any platform, safety should always be a top priority. Here’s what we’ve found in terms of the safety of Mocasa:

Loan Default Risk

As with any P2P lending platform, there is a risk that borrowers will default on their loans. Mocasa has implemented a buyback guarantee on all loans on the platform, ensuring that investors are protected against loan defaults. The buyback guarantee is provided by the loan originator, which has a long track record of successful lending.

Loan Originator Risk

The loan originator poses a risk to investors if they are not in control of their finances, have poor management, or go bankrupt. However, the loan originator on Mocasa has a long track record of successful lending and has granted loans to over 1 million borrowers.

Mocasa Bankruptcy Risk

As with any business, there is a risk of Mocasa going bankrupt. However, the platform has made measures to protect investors against this type of event. In case of bankruptcy, a third party will take over the management of all investments, and all uninvested funds will be returned to the investor.

Financial Turndown Risk

As P2P investing is a newer form of investment, it can be difficult to predict how a financial turndown would affect this type of investment. Therefore, investors should diversify their portfolio into more traditional forms of investment such as equities, bonds, and traditional real estate

Mocasa Loan Originators

Mocasa is unique in that it currently only partners with one loan originator, THOR GROUP. This means that all loans available for investment on the platform come from this one originator. While this can be seen as a potential risk, THOR GROUP has a solid track record in the lending industry with over 1 million borrowers served.

Furthermore, THOR GROUP offers a buyback guarantee on all loans made through Mocasa. This means that if a borrower defaults on their loan, THOR GROUP will buy back the loan from the investor, ensuring that the investor does not lose their principal investment. This buyback guarantee is an added layer of security for investors and is a significant advantage of using Mocasa.

Ease of Use

One of the most significant advantages of Mocasa is its ease of use. The platform is straightforward to navigate, and the investment process is straightforward. It is easy to browse available loans, and investors can filter by loan term, interest rate, and loan originator. Once an investor has chosen a loan to invest in, they can fund their account and make the investment with just a few clicks.

Investors can track their investments and returns through the Mocasa dashboard. The dashboard provides a clear overview of the investments made, the interest earned, and any outstanding payments. This makes it easy for investors to monitor their investments and make informed decisions.

Mocasa Fees

Mocasa charges no fees to investors. This means that investors can invest their money without worrying about hidden fees or charges eating into their returns. The absence of fees is a significant advantage of using Mocasa and is a testament to the platform’s commitment to providing value to its investors.

Mocasa Customer Support

Mocasa offers excellent customer support to its investors. Investors can contact customer support via email, and responses are typically received within 24 hours. The platform also provides an extensive FAQ section on its website, which can help investors with any questions they may have.

Mocasa Reviews

Mocasa has received positive reviews from investors on platforms such as Trustpilot. Investors have praised the platform’s ease of use, the buyback guarantee, and the absence of fees. However, some investors have expressed concern about the platform’s limited loan originators and the lack of diversification this provides. It is important to note, however, that Mocasa is still a young platform, and it is likely that it will partner with additional loan originators in the future.

Conclusion

Mocasa is a user-friendly P2P lending platform that offers investors an opportunity to earn attractive returns on their investments. The platform’s partnership with THOR GROUP provides investors with a buyback guarantee on all loans, which is an added layer of security. The absence of fees is also a significant advantage of using Mocasa.

However, the platform’s limited loan originators may be a concern for some investors, and the lack of financial reports makes it difficult to assess the platform’s financial situation. Nonetheless, Mocasa has received positive reviews from investors, and the platform’s ease of use makes it a viable option for both beginner and experienced investors looking to invest in P2P loans.