Earnings, a FinTech firm based mostly in Tallinn that connects retail and institutional traders to vetted non-bank lenders, has raised €540k to scale its platform, broaden its lender base, and enter Mexico and the Phillippines – aiming for €1.5 million in whole funding.
The quantity was dedicated by very long time shareholder Dr Hauptmann, with the corporate now providing a €250k allocation to retail traders by way of SeedBlink.
CEO Lavrenti Tšudakov mentioned the platform is responding to a extra mature retail investor phase: “Retail traders are not happy with opaque, yield-chasing platforms. We’ve constructed Earnings to serve a brand new investor profile, extra knowledgeable, extra cautious, and more and more in search of protections that mirror institutional requirements.”
Based in 2020, Earnings is an funding platform that connects retail and institutional traders with vetted non-bank lenders throughout rising and developed markets. The platform employs a structured threat framework—together with Junior Shares, Cashflow Buffers, and Buyback Obligations—to strengthen investor safety in personal debt portfolios.
As of 2025, greater than €150 million in loans have been funded by Earnings, with over 9,000 authorized traders and €19 million in investments excellent.
Earnings needs to place itself as a extra clear and risk-mitigated various to traditional peer-to-peer lending, in response to rising scrutiny over investor protections and mortgage high quality within the personal debt market.
In line with Earnings, their mannequin diverges from earlier platforms that emphasised yield on the expense of threat transparency. Its authorized and operational framework is structured to allocate threat extra equitably between mortgage originators and traders, aiming to ship a extra resilient and predictable funding expertise.
Previous to this spherical, Earnings had raised roughly €3 million in fairness capital. The preliminary €1 million pre-Seed spherical supported the corporate’s formation and preliminary platform improvement, adopted by €1.3 million devoted to scaling the platform, and €700k directed towards operational continuity.
Earnings ended 2024 with €19 million in mortgage investments excellent, marking a 77% enhance over the earlier yr. Income rose 54% throughout the identical interval to €509k, whereas the corporate recorded a internet lack of €599k. Since launch, the platform has facilitated over €150 million in loans and at present helps over 9,000 authorized traders.
Looking forward to 2025, Earnings tasks investments excellent to succeed in €36 million, with annual income approaching €908k and an lively investor base of greater than 8,000 accounts. Whereas the corporate stays in a development part and forecasts a internet lack of €428k for the yr, administration expects to succeed in operational break-even as AUM approaches the €35–40 million vary. By 2026, the corporate goals to develop AUM to €60 million, generate €1.47 million in income, and attain greater than 14,000 lively traders.
On the core of the platform’s worth proposition is its multi-layered strategy to threat administration. Mortgage originators are required to retain a portion of every mortgage, known as a Junior Share, making them the primary to soak up losses within the occasion of default. As well as, Earnings mandates using a Cashflow Buffer, whereby lenders are contractually obligated to cowl missed borrower funds. Ought to a lender face monetary misery, Earnings can take over the gathering course of by predefined authorized mechanisms. Each mortgage additionally features a repurchase obligation, including a further layer of safety for traders.
Founder Kimmo Rytkönen, who beforehand Co-founded Indonesian digital financial institution AMAR, emphasised that these structural options are greater than beauty: “The framework we’ve applied isn’t a advertising and marketing instrument, it’s a deliberate system to handle draw back threat. That’s what traders care about now.”
The present funding will likely be used to increase the investor base, onboard new non-bank lenders, improve the platform’s usability, and rent for key roles in engineering and analytics.
Earnings at present operates with a crew of 9 staff and plans to scale selectively as product and market complexity enhance. A significant product milestone for 2025 is the launch of a secondary market that can enable traders to exit positions earlier than maturity, addressing a typical liquidity concern in personal debt markets.
Earnings additionally plans to double the variety of mortgage originators on the platform, rising from 11 in 2024 to 22 by 2026. Growth into Mexico and the Philippines is already underway, concentrating on areas the place financial institution financing stays restricted and demand for non-bank capital is rising.
In line with Tšudakov, these markets signify a compelling intersection of credit score want and regulatory openness.
The corporate reviews growing inbound curiosity from institutional traders throughout Europe and Southeast Asia, pushed by a rising urge for food for structured publicity to various credit score. Conversations, as soon as centered nearly totally on yield, at the moment are more and more centred on the energy of authorized protections and the transparency of mortgage originators.
“It’s not sufficient to vow returns,” Tšudakov added. “The query is: what occurs when issues go unsuitable? That’s the place our mannequin reveals its energy.”
