October P2P platform review shows that October is a leading P2P lending platform from pan-Europe. October’s mission is to empower businesses to thrive by simplifying and democratizing their funding. October was born in France at the end of 2014, under the name Lendix, thanks to a new regulation opening up the banking monopoly. Today October operate as a pan-European lending platform with offices in France, Spain, Italy and the Netherlands.

Founded in 2014, October has loaned over €264 million to date and paid out over €15 million in interest payments to investors. To date the average October investor has enjoyed a 5.81% return.

Key facts about October

Estimated annual returns: 5.81%
Launched: 2014
Autoinvest: Yes
Loan security: Business as collateral
Provision fund: No
Registered investors: 15600 in March 2019
Buyback guarantee: No
Minimal investment: €20
Time to become invested: Up to 2 days
Time needed managing: Very Low
Regulation: FCA regulated company
Country of operation: France, Netherlands, Spain, Italy
Defaulted loans: 2.34%
Borrowers verification: By the platform
Accepted currencies: EUR
Accepts investors from: All over the world

The October Review: Pros and Cons


– Fast KYC process as ID verification (takes up to 24 hours)
– Fast deposit of funds to the platforms
– Very simple and user friendly interface
– Regulated company
– Mobile app
– More than €264 million lent through October

– No buyback guarantee
– Low average interest rate of 5.81%


Mintos, Flender, Rebuilding Society, Lenndy

October Review: what I have experienced so far

October caught my attention in the end of 2018. Some time ago I have subscribed to their newsletters, so have been getting constant updates all the time. Finally, they converted me to an investor.

To register and prove your Identity takes only few minutes. I have to emphasize that their user interface is really simple and easy to use. One of the best designs I have ever seen (once exploring different P2P platforms. It’s is not crowded by a lot of unnecessary info. To understand how to use platform takes maximum 5 minutes. In order to deposit money you must verify your identity and for that a mobile phone number is needed. However, mobile numbers from many countries is not supported. So, you will need to write to their support to add number manually (do not understand why it is done in such a way). After that you are ready to confirm your phone.

You can start to invest in businesses (give loans) with as little as 20 eur. Instead of checking every day if new investment options have been presented you can use AutoInvest tool that will do the hard work for you.

The team looks very strong (already more than 75 members) with a decent experience in finance. Track record is already there and the most important thing is that default ratio is only 2.34%. Some of the P2P platforms have 15% or even higher default ratio (in most cases short term loans operators), so it means that Octoberhas a decent scoring model in place (and they already lent more than 264M eur).

Need to emphasize that October is a regulated platform that gives additional security for the company and has offices in 4 countries. Even if the returns are not very high, however their track record of lending money to businesses for the last 5 years proves that they know how to evaluate companies. Sometimes it is better to have lower returns but know that your money are safe.

October P2P platform review is written by Tomas Medeckis