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Lenndy is a peer-to-peer lending marketplace. It brings investors and businesses together. Invest in business loans and earn up to 15% return.
Gobas iela 9-1/2,, Riga, Latvia
Lenndy owes a lot of money to a large number of investors including myself. Stay away! If you are an existing investor, read look online for a press release from Magnusson advising Lenndy investors on recovering their funds.
scam...
I am still owed 1000eur, that had to be paid out over 12 months ago.
Do not trust these scammers
SCAM ALERT - "Buyback" claim rights NOT BEING PAID FOR SEVERAL MONTHS. Staff useless, answering with non answers about the situation. AVOID! Reserved funds for 40 days, and counting, not being released to the bank account. SCAM ALERT
It's bad, has signs of a fraud.
During the "good days" > 50% of loans were late, but at least there was buyback guarantee.
Then in early 2021 they creatively reinterpreted "60-days late 100% buyback guarantee" to "[maybe] you will get your principal back in 3 years in monthly repayments; and forget interest".
Then after few months, even those 3-years re-scheduled monthly repayments stopped - for all 3 supposedly "semi-independent" loan originators - not one cent received from any of the 3 LOs in last 3.5 months.
Even withdrawing minor amounts of free uninvested cash took 3 months and repeated emails to support.
Last meaningful blog update was 5.5 months ago.
Pending withdrawal since April 23th. No replies from support.
This is the next Grupeer! Lenndy stopped processing withdrawals. Money on my account just appears as reserved funds which is not possible to withdraw. Lenndy staff disappeared and stopped answering calls or e-mails.
Unfortunately, this is another Baltic scam! I am looking to join a lawsuit against them.
Scam- stay away
Victims report that withdrawals are stopped, buyback doesnt work, interest no more calculated
It seems Lenndy preparing gor exit scam
Join other victims on Lenndy Telegram group to join class action suit
Scammers, I made a withdrawal request for just 2 € more than 2 weeks ago, and it still haven't been proccesed.
They also delayed payments for loands which had a buy-back options.
I'm afraid that I won't be able to get my money back.
Don't trust them- it's a scam!
They only try you to deposit more and more but don't allow to withdraw!!
Where are the promissed guarantees?
At least the criminal proceedings have started. Looking for a lawsuite to join
Seems most employees already abandoned ship.
There had always been a lot of late loans; lately they are no longer repurchased on time, and communication on Lenndy's part is just horrible. It looks like they no longer care.
Guys, I want to share this review so you would all be aware. This platform is a scam!!! I deposited money but it never got credited in my account. I sent them several emails but there was no reply. I sent them a message in Facebook but no reply either. I called the numbers in their website but they were all fake numbers. Can anybody help me with this please? I just want to get my money back. And please don't believe in this platform. It's totally a scam.
Not a good start. Four loans funded and all four are 7 days overdue with their first payment. Can't help this nagging feeling that I've been scammed. Will update if anything develops...
1. Platform Look & Usability (Dashboard, XIRR, Auto-Invest, Reports): XIRR missing and only some fine tuning missing like overview of how many has been invested for which originator - 1/1 points
2. Platform Service (Deposit, Withdrawal, Communication, Support): until now fine - 1/1 points
3. Diversification (Countries/Originators/Loan Types): only 3 originators - 0/1 points
4. Interest Rates: most loans with 12%, partly up to 14% - 1/1 points
5. Loan Amount: not sufficient anymore for my investments in short term loans (max. 3 month) - 0/1 points
6. Buyback Guarantee: yes (partly) - 1/1 points
7. Loan Conditions (Repayments, Grace Period, Late fees): partly too long grace period of 10 days - most of the loans are repayed very lately at the end of their 60 days buyback guarantee - 0/1 points
8. Secondary Market: no - 0/1 points
Summary: 4/8 points in my personal rating - the platform is currently uninteresting for me due to lack of short term loans and the bad in-time repayment rate - I decrease my investment and keep only invested with a small amount to monitor how this platform develops
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