How this tracker works

Comparing platforms is only honest if the columns mean the same thing. They frequently do not — so this page defines every metric before any of them is shown, states where the figures come from, and says plainly what cannot be compared.

The metrics

Each metric is defined once, here, and the same definition governs what may be imported. Adding a metric means adding its definition first.

Volume financedEuroShown on the comparison table
The nominal amount of loans funded through the platform over the reporting period, before repayments and before losses. It measures the size of the flow, not what investors hold or earned.
Loans fundedCount
The number of individual loans or projects funded over the reporting period. Read beside the volume: the same amount spread over ten loans and over ten thousand is a different concentration of risk.
Late, under 6 monthsPercentage
The share of the outstanding portfolio in arrears by less than six months, as reported by the platform. Arrears are not losses — a loan in this bucket may be paid in full — but they are the earliest published signal about a book.
A higher value means more of the risk this metric measures.
Late, over 6 monthsPercentageShown on the comparison table
The share of the outstanding portfolio in arrears by more than six months. Reported separately from the shorter bucket because the two behave differently: recovery rates fall sharply with the age of the arrears.
A higher value means more of the risk this metric measures.
Default ratePercentageShown on the comparison table
The share of the portfolio the platform reports as defaulted or permanently lost. This is the metric platforms define most differently from one another — the threshold in days, and whether recovered amounts are netted off, both vary — so compare it across platforms with that in mind.
A higher value means more of the risk this metric measures.
Amicable recoveryPercentage
The share of defaulted amounts recovered through negotiation with the borrower, without going to court. Reported by the platform, over the period stated.
A higher value means less of it.
Judicial recoveryPercentage
The share of defaulted amounts recovered through legal proceedings. Judicial recovery is slower than amicable recovery, so a figure for a recent period is usually incomplete rather than final.
A higher value means less of it.
Average target interest ratePercentage
The average interest rate advertised on the loans offered, weighted as the platform states. It is an offered rate, not an earned one: it takes no account of arrears, defaults, currency or idle cash.
Average realised returnPercentageShown on the comparison table
The return investors actually obtained over the period, after losses, as published by the platform — an internal rate of return where the platform computes one. Published far less often than the target rate, and far more informative.
Average loan durationMonths
The average contractual maturity of the loans, in months. It says how long capital is committed for, which is what decides whether a secondary market matters.
Assets under managementEuro
The outstanding amount invested through the platform at the end of the reporting period — a stock, where the volume financed is a flow.
Active investorsCount
The number of investors with an active position at the end of the reporting period, as the platform defines "active". Size is not safety, and this figure is context rather than evidence.

Where the figures come from

Only figures a platform publishes itself, or a reputable third party publishes with attribution. Each one is stored with the source it was read from and the date it was read, and both appear on screen beside the number. Nothing is scraped, nothing is estimated, and nothing is carried over from a previous period to fill a gap.

Figures about named companies are published only once their source is cleared for reuse. Where that clearance has not been obtained, the figure is not published — which is why a platform may appear here with a description and no numbers.

What cannot be compared

Platforms define their own terms. One may count a loan as in default at 60 days past due, another at 90, another only once judicial recovery has started — and all three publish the result as a "default rate". Loan books also differ in country, borrower type and maturity, so two figures under one column heading are frequently not the same measurement.

Figures are shown as reported by the platform, under this page's definition of the metric. Where a platform's own definition is known to differ, that is stated on its page rather than silently reconciled.

What this tracker is not

It is not a rating and not a ranking. There are no scores, no stars, no "best platform", and no affiliate or referral links on any of these pages — a table that earns a commission on the platforms it lists is not evidence. Nothing here is advice, and past figures say nothing about future returns. Capital lent through these platforms can be lost in full.

Corrections and right of reply

If a figure here is wrong, out of date, or attributed to the wrong source, tell us and we will correct or remove it. A platform that disputes a figure published about it can have its own statement recorded beside that figure. Corrections are dated like everything else, so a change is visible rather than quiet.