CrowdIndex, an independent editorial team tracking European peer-to-peer lending platforms, has published the July update of its European P2Pdefault and recovery barometer. The dataset, refreshed on July 20, 2026, compares how 19 platforms across the European Union and the United Kingdom report defaults, overdue loans, and recovered capital, and reveals that disclosure remains the least standardised metric in the industry.
According to the updated figures, only 10 of the 19 tracked platforms disclose a recovery or overdue number, while 9 platforms publish no default data whatsoever. Among platforms that do report, the range is dramatic. Reinvest24, whose withdrawals have been frozen since February 2024 and which has received alerts from three national regulators, has its entire portfolio in recovery. EstateGuru reports 60.2 percent of its loan book in recovery or overdue status, the highest load among operating platforms. At the other end of the scale, InRento, PeerBerry, and Robocash report zero percent, while Capitalia and Profitus combine low overdue shares with disclosed capital-loss figures.
The update arrives amid the Mintos Nera Capital crisis, which CrowdIndex documents in a separate in-depth report. In April 2026, roughly 80 United Kingdom law firms funded by Irish litigation-finance lender Nera Capital paused interest payments while undergoing a Solicitors Regulation Authority solvency review, leaving approximately 61 million euros of investor money in delayed Notes on Mintos. The affected instruments found no buyers on the secondary market even at a 30 percent discount, and 18.7 percent of the Mintos portfolio was already classified as in recovery by mid-2026. If formally classified as a default, the case would become the largest single loan-originator failure in the history of the platform.
CrowdIndex places the current data in historical context in its companion study of P2P platformsthat failed between 2020 and 2026. The research documents at least ten European platform collapses, from Envestio and Kuetzal in Estonia to Grupeer in Latvia and the ongoing Reinvest24 recovery, with combined investor exposure of several hundred million euros and more than 50,000 retail investors affected. Recovery outcomes ranged from zero to roughly 58 pence per pound. The study identifies three recurring failure patterns: outright fraud with unverifiable borrowers, single-originator concentration, and undisclosed conflicts of interest. It also notes that regulatory status alone offered no protection, since several failed or troubled platforms held full authorisation at the time problems emerged.
Beyond the headline numbers, the barometer also flags platforms that publish no default or recovery data at all. Among the nine non-disclosing platforms, Lendermarket and Debitum currently carry warning flags, while others such as Maclear, Nectaro, and Indemo report zero or minimal capital losses without a full recovery breakdown. The failed-platform study translates the historical record into seven observable warning signs for investors, including regulator alerts, slowing withdrawals, single-originator concentration, delayed audited statements, and undisclosed changes in ownership or banking relationships. According to the research, investors who learned to recognise these patterns in the collapses of 2020 largely avoided the failures of 2024 through 2026.
“The gap between platforms that publish verifiable recovery data and platforms that publish nothing has never been wider. Investors comparing headline interest rates are often comparing companies that measure risk in completely different ways, or do not measure it publicly at all. The purpose of the barometer is to make that difference visible before money is committed, not after withdrawals stop,” said a spokesperson for the CrowdIndex research team.
The barometer assigns each platform a disclosure rating of Open, Partial, or None, based on whether default and recovery statistics are published, how they are defined, and whether they can be traced to primary documents. The dataset is updated on an ongoing basis as platforms release new statistics, regulators issue alerts, or recovery proceedings advance. All figures are sourced from platform statistics pages, audited financial statements, insolvency filings, and official regulator publications.
About CrowdIndex
CrowdIndex is an independent editorial team based in the European Union that reviews and monitors peer-to-peer investment platforms. The team of nine specialists combines backgrounds in fintech analysis, financial journalism, regulatory advisory, and quantitative research. CrowdIndex does not operate a lending platform of its own and discloses its commercial relationships. More information is available at https://crowdindex.org.