How it works
SmartMonday is an intermediary claims assignment platform that connects users looking to purchase debt claim rights, to loan originators who wish to sell claim rights of already disbursed loans. The platform is unique in the way that it does not issue the loans itself; as they are brought to the platform by our partner lending companies from around the world.
By signing up to the platform and choosing to purchase certain claims, it’s really simple to create a diversified portfolio and earn potentially stable returns.
Purchase claims in previously disbursed loans. Loan originators underwrite the loans, and sell on claims to these loan parts to you, the user
Many users choose to re-purchase claims with their returns so their money can keep working. Given enough time, earnings may grow exponentially thanks to compound interest.*See risk in footer.
SmartMonday is special in the way that we do not issue loans – they are brought to the platform by our partner lending companies from around the world.
Start investing, request to withdraw at any time directly to your bank accounts. Projected interest paid daily on all accounts
SmartMonday supervises and manages your investments: selecting the rigth type of loan and borrower profile.
Create your account, add funds invest in the desired product(s) and star reaching our financial goals.
How we are protecting your money
Your funds are deposited in a segregated client account at a European regulated Electronic Money Institution (EMI). Please see the platform terms and conditions for further details.
All loans disbursed by the loan originators are backed by collateral (asset/property)
The firm is periodically audited to ensure the quality of the financial information, making sure that our balance statements are in line with the applicable financial norms and best practices.
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Trust and Transparency
At SmartMonday, we take user protection very seriously, our risk mitigation processes include several security layers to help protect investors.
Let's take a look at each of these!
Electronic Money Institution (EMI) account protection
Your funds are deposited in a segregated client account at a European regulated Electronic Money Institution (EMI). Please see our terms and conditions for further information.
Automated regulatory compliance (KYC and AML)
We follow strict global and European standards with each of our users during onboarding and throughout their lifetime on the platform,(KYC) and money laundering prevention (AML).
Financial Information
We and our partners prepare and submit regular financial information to comply with all legal and tax obligations in Estonia.
Cloud based Platform
Our platform is running entirely on cloud services providing our clients with the most reliable technology available in the market. Security, scalability and availability are our top priorities when it comes to supporting our systems.
Broad diversification
Have you ever heard of the classic risk management expression "don't put all your eggs into one basket"? Diversification is an important component of reaching long-term financial goals while minimizing risk. At LoanMarketplace, we offer higher levels of diversification since we divide claim rights between different loan originators. Our products offer different rates of return and deposit terms. And the best of all? It happens automatically!
Extensive due diligence
There are typically several loans associated to your claims portfolio. Before accepting loan originators onto the marketplace, we execute in-depth due diligence procedure on each prospective Loan Originator. We perform thorough analysis of financial statements, management quality, underwriting policy, credit scoring, investment portfolio performance, and data accuracy to ensure that the Loan Originator follows the strict risk standards we have set. After the launch of the partnership, we continue monitoring the investment for risks on an ongoing basis.