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Find answers to the most common questions about P2P lending
What is Esketit?
Esketit platform is an investment platform, allowing private and institutional investors to invest in issued loans. The loans available for investment on the Platform are issued to private individuals all over the world.
The microfinancial companies issuing the loans are called Loan Originators and are using the funds raised on the Platform as working capital in order to expand their lending volumes.
What is investing in loans?
Loan Originators (lenders) provide alternative financing to individuals and businesses and make the issued loans available for investors on the Esketit platform. The Esketit platform is an intermediary connecting investor, borrower, and Loan Originator via a custom investment platform and providing additional intermediary services. The Investor has a possibility based on the Assignment Agreement to purchase a claim right arising from the Loan Agreement and receive an interest following the terms and conditions of the Assignment Agreement.
What can I do on the Esketit platform?
Esketit is an online loan platform connecting investors, borrowers, and Loan Originators (lenders). The Investor has a possibility based on the Assignment Agreement to purchase a claim right arising from the Loan Agreement and receive an interest following the terms and conditions of the Assignment Agreement. Thanks to the technology that is proprietary to the Esketit platform, all funding and investments are performed online.
What intermediary services does Esketit Platform provide?
Esketit is an operator of an investing in loans platform. It provides the identification of investors; performs due diligence of Loan Originators; performs accounting of all investments, repayments of invested funds, and interest payments; performs debt collection within its powers and capabilities, as well as ensures all regulatory and legal requirements are maintained.
Where are you based?
Esketit Platform Limited is registered in Ireland with legal address 77 Lower Camden Street Dublin, D02 XE80. The operational offices are located in Riga, Latvia, Mednieku iela 4A, Riga, Latvia, LV-1010.
Are there any fees?
Investors don’t pay any fees on Esketit Platform.
Skin in the game
The idiom “skin in the game” is commonly used in the corporate finance industry and refers to when the owners maintain an equity stake in circumstances outside investors seek to invest. In Esketit, our Founders have invested in our Loan Originators, and the Loan Originators are investing in the loans. The Founders of Esketit own both the platform and loan originators. Why? To ensure that the interests of the lending company are aligned with the interests of the investor – both sides have a stake in the investment.
Becoming an investor
Who can become an investor?
Anyone who is at least 18 years old and older and has a bank account of the EU or EEA can become an investor. An alternative option is having a cryptocurrency account/wallet and depositing funds in stablecoins USDC or USDT.
What do I need to do to become an investor?
You need to register on the Esketit Platform, confirm your email address, complete the identity verification process by providing either a National ID or a passport, and verify your bank account or deposit funds using cryptocurrency stablecoins USDC or USDT.
How to verify my account?
The identity verification process is completed online. You will need to make a photo of your identification document showing both sides and your face. The KYC and identification services are performed fully online, using Veriff, an online identity verification provider.
How long does it take to verify my account?
It usually takes a few minutes to verify a Private account. For Institutional, it may take longer.
How to verify my bank account?
You can verify your account after your identity is confirmed. To do so, you need to transfer funds to one of the bank accounts listed on our website. This allows you to connect your bank account to your Investor profile. You only need to do this once. With us, the minimal investment is just 10€.
How long does the bank verification process take?
The bank verification process is complete after your bank delivers your payment to us. Delivery time depends on how fast your bank delivers payments in EUR currency.
What to do if I still can`t make myself verified?
How do I add funds to my account?
If you want to top up your account, you have to make a transfer from your bank account to the bank account of Esketit Platform Limited. The Esketit Platform bank account number can be found in the “Deposit & withdraw” section on the website. Please make sure to mention your Investor Account number (starting with INV-) in the payment reference field. The Investor Account Number (ID) is visible on the “Account Overview” section of the website. An alternative option is depositing using cryptocurrency stablecoins USDC or USDT.
What is the minimum investment amount?
The minimum investment in each loan deal is 10€.
In what currencies are investments on Esketit Platform listed?
The investment opportunities in loans are listed in Euros. The loan originators are receiving funding in Euros and handling currency risks themselves.
What happens after I make investment?
Once the investment has been made, it is transferred directly to the Loan Originator. Your principal is repaid to you at the maturity date, which is stated for each project. Monthly, you will receive the interest payment for your investment.
Do I get any proof of my investment?
Every investor for every investment gets an electronically concluded Assignment Agreement once the investment is made. You can find the Assignment Agreement in your Investor Profile.
This is proof of investment in a loan. All investment agreements will be stored in your Investor’s Profile.
How many loan deals can I fund/invest in?
There is no limit on the number of projects you want to invest in, as long as you have funds available on your investing account.
Can I exit my investment earlier than the maturity date?
If investor invests using Esketit Automated strategies, they offer automatic cash out functionality which works under normal market conditions and sells your loan to other investors using the same strategy. It is also possible to place your investment for sale on the Secondary Market. If another investor agrees to buy your listing for your set price with discount or premium, or at par, you exit your investment before the maturity date. Loans could also be finished by the borrower or loan originator faster than its maturity date. Esketit platform could also consider rebuying those loans from you with a 1% discount in case you have such an urgent need. Please contact us at
to arrange this.
What is Auto-Invest?
Auto-Invest is the possibility to choose your investment criteria, such as preferred interest rate, maximum and minimum investment per deal, maturity date, and the system will automatically invest your money as long as your account balance is sufficient, and the deals are available for investment.
How do you choose the investment opportunities to be placed on Esketit?
On Esketit, you will find loans from CreamFinance Group and a founder-owned loan originator in Jordan. Owners of Esketit own shares in all of those companies. We place only loans where we are confident that the business model works well and could bring good value to our investors.
For how long is a loan deal visible on Esketit?
The loan deal is available for investment for as long as it has not reached its maturity date, or has not been fully funded by other investors.
How is the interest rate calculated?
The interest rate is specified in the Assignment Agreement, and the interest is calculated according to it. The interest is payable from the day you have invested, considering the elapsed time of the deal and until the loan deal reaches its maturity date. The formula for calculating interest = days of investing / 365 * interest rate * invested amount.
What is a BuyBack Obligation?
Suppose the interest payments or principal repayment are delayed for more than 60 calendar days. In that case, the Loan Originator is obliged to redeem your investment as well as to pay all accrued interest in accordance with the interest rate under the Assignment Agreement. Whether the BuyBack Obligation is applicable to a corresponding loan offer is specified in the description of the loan offer.
Could the loan term be extended?
Yes, a loan could be extended up to 5 times and each extension could be no more than 31 days.
Is it risky to invest?
Any investment is a risk, the interest rate paid to the investors is the compensation for the risk they are taking. Please consider carefully how much risk you can tolerate before making an investment.
How do I sell on the Secondary Market (SM)?
If you have invested in a loan on the primary market and wish to retrieve your funds before the maturity date, you have an option to sell your claim right against the borrower in the Secondary Market. Selling your claim on the Secondary Market is completely free of charge.
Do I receive an interest if my investment is listed on Secondary Market (SM)?
You will receive the interest on the loan deal until someone buys it. You're still earning while the loan is listed for sale and not bought from you.
What does discount/premium on the Secondary Market mean?
The Investor may choose to put a loan deal for sale on SM with a discount in order to sell the investment faster. For example, if the outstanding principal is Eur 100, but the selling price is Eur 90, then the discount is 10%. On the contrary, a premium means the price is higher than the outstanding principal. Every Investor decides for themselves what conditions they are willing to apply to deals on SM.
Can I re-sell a loan deal I have bought on Secondary Market (SM)?
Yes, you can sell the loan deal again on SM as many times as you are willing.
Refer a friend
How does it work?
Each investor receives their own unique referral code that they can copy & paste from the referral page and send to friends, colleagues, family, social media followers... anyone.
When a new investor registers with Esketit using your unique referral code and verifies their account, they get added to your referral list. Your friend needs to complete the identity verification for them to count as a referral.
After registering and verification, your friend must make their first investment within 30 days for you both to receive bonuses. The more your friend invests, the bigger the bonus.
How to join the Refer A Friend program?
You don't need to join. When you register with Esketit, you automatically get a unique referral code that you can share with anyone. Every investor that shares their code successfully, automatically becomes eligible for the referral program bonus.
NB! For the investor and the referral to receive the bonus, both parties should be at least 18 years old.
How much can I earn by referring my friends?
You can refer an indefinite amount of people – the more, the better. And the more your friends invest, the bigger your bonus; however, per each referral, your maximum bonus is 1000 EUR.
In legal terms, it goes like this: The referral bonus is calculated in the amount of 1% (one percent) from your referral’s invested outstanding amount of funds on Esketit within 30 days of registration, but not more than EUR 1 000,- (one thousand euros, 00 euro cents).
How will I receive my bonus?
Don't forget, that this is a win-win situation, because both, you and your buddy will receive the bonus. The referral bonus will be credited to both of your investors' accounts in one installment within ten business days after 30 (thirty) calendar days from the date of the referral's registration with Esketit.
Is there anything else I should know?
If you're really interested in all the legal information, visit the Referral program's
. But other than that, it's pretty straightforward: more friends = more rewards. So share your code and receive tasty bonuses.
Sharing is caring. Sharing is earning.
Depositing in cryptocurrencies
Do I, as an investor, need to pay any commissions?
Investor needs to pay commission upon transferring stablecoins to Esketit. Upon withdrawals, Esketit will take care of those commissions. Thus it's free for all our investors.
What blockchain is being used to service transactions to Esketit?
ERC20 Ethereum (ETH) Network and TRC20 Tron network.
What blockchain is being used to service transactions from Esketit?
TRC20 Tron network.
What stablecoins I can deposit?
USDT and USDC.
What stablecoin I can withdraw?
How are the deposits and withdrawals are processed?
Deposits are processed to the investor account once they reach our wallet. Withdrawals are processed within 2 working days.
What services provider does Esketit use for crypto operations?
We use CEX. Their T&C are here -
How do I withdraw funds from my Account?
You can withdraw any amount shown under the “Available funds“ field by specifying how much you want to withdraw and press the “Withdraw“ button. The requested amount will be credited to your linked bank account according to the terms and conditions specified in the platform user agreement.
Do I have to pay taxes from income earned on the Esketit Platform?
Esketit Platform does not take responsibility for paying taxes on capital gain or the interest earned. Each Investor is responsible for familiarizing themselves with the tax laws applicable in their state and paying all required taxes.
I have another question or want to share feedback
If you have questions that are not covered in the Frequently Asked Questions section or want to share any feedback with us, please do not hesitate to contact us at
We will be happy to hear all your ideas and implement the most requested ones.
What is two-factor authentication?
Two-factor authentication (2FA) is a security procedure requiring two distinct identification forms to access information online.
Two-factor authentication is used to strengthen the security of your assets available in your Esketit account in an unlikely case of a security breach or data leak. 2FA does this by requiring two types of information from the user—a password and a code sent to the user’s smartphone via authentication service, in our case, Google Authenticator—before your assets can be accessed. Even if your password gets stolen, the attackers can not access your assets without your physical mobile device.
How to enable two-factor authentication?
First, you need to install the Googe Authenticator app on your smartphone. For Android,
, and for iOS, you can get it
Once you have set up the authenticator app, visit your Esketit investor profile > Two-factor authentication to enable the new security feature.
After enabling it, open the window with instructions, generate a QR code, and follow the on-screen instructions.
How to disable two-factor authentication?
To disable 2FA, visit the Security page, enter a new 6-digit code generated by the Google Authenticator app on your phone, enter it in the space that says “6-digit code”, and press “disable”.
We strongly suggest keeping the 2FA enabled at all times so secure your assets.