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 complete 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 stated the platform is responding to a extra mature retail investor section: “Retail traders are not glad 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 non-public debt portfolios.
As of 2025, greater than €150 million in loans have been funded by way of Earnings, with over 9,000 permitted traders and €19 million in investments excellent.
Earnings desires to place itself as a extra clear and risk-mitigated various to standard peer-to-peer lending, in response to rising scrutiny over investor protections and mortgage high quality within the non-public debt market.
Based on 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 growth, 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% improve 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 the moment helps over 9,000 permitted traders.
Waiting for 2025, Earnings initiatives investments excellent to succeed in €36 million, with annual income approaching €908k and an energetic 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 energetic 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 way of predefined authorized mechanisms. Each mortgage additionally features a repurchase obligation, including an extra 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 device, it’s a deliberate system to handle draw back threat. That’s what traders care about now.”
The present funding might be used to broaden the investor base, onboard new non-bank lenders, improve the platform’s usability, and rent for key roles in engineering and analytics.
Earnings at the moment operates with a crew of 9 workers and plans to scale selectively as product and market complexity improve. A significant product milestone for 2025 is the launch of a secondary market that may enable traders to exit positions earlier than maturity, addressing a typical liquidity concern in non-public debt markets.
Earnings additionally plans to double the variety of mortgage originators on the platform, rising from 11 in 2024 to 22 by 2026. Enlargement 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.
Based on Tšudakov, these markets signify a compelling intersection of credit score want and regulatory openness.
The corporate experiences rising 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 virtually solely 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 incorrect? That’s the place our mannequin reveals its energy.”