6340
investors
Fintown is a Czech property-lending platform run from Prague since February 2023. Every loan on it goes to one developer, the Vihorev group, which also owns 65% of Fintown. The projects are mostly short-stay rental apartment buildings in and around Prague, plus development sites. By 24 October 2026 investors had put in €30.95 million in total, €18.54 million was still lent out, and 6,340 people had invested. Fintown holds no licence from any financial regulator.
You invest from €100 (the usual minimum) in a share of a loan that Fintown makes to a Vihorev group company. Rental loans pay interest monthly, at 8% to 12% a year on offers in August 2026, with terms of up to 60 months; a FLEXI version can be left after one month. Development loans pay 10% to 15% a year, mostly in one sum at the end, over 12 to 36 months; since October 2025 some pay quarterly. You choose loans yourself; there is no auto-invest. The site is in ten languages, and interest is paid without any tax deducted.
The average interest rate across all loans still running was 11.77% a year on 24 October 2026, weighted by amount. This is the rate written in the loan contracts, not a measured result after losses, but with no loan ever reported late it is what investors are being paid. The platform has paid €3.30 million of interest since 2023. Headline rates go up to 15% a year on development loans, and the home page shows an "average achievable interest" of 12%. Independent tracking of investor portfolios points to about 10.4% a year actually earned (August 2026), a little lower because development interest comes only at the end.
Fintown reports no losses, no loans in default and no late loans: on 24 October 2026 all €18.54 million outstanding was shown as current. Three projects worth €10.4 million have been repaid in full. The platform does not say when a loan counts as late or in default, and the borrower is the platform's own owner, so the group decides itself whether any payment falls behind. The book is young (since 2023), and the guarantee has never had to be used.
You do not hold a mortgage. Your money is lent to Vihorev group companies that own Prague properties, but these loans are subordinated: they rank behind the banks that finance each building, and possibly behind the group's own private fund, whose ranking is not disclosed. If a project failed, the bank would be paid from the property first and investors would get only what is left. The platform gives an average loan-to-value of 71.55%, meaning total debt is about seven-tenths of the property value; it does not say who values the properties or how. The only protection on top is a guarantee from Vihorev.Investments SE, the parent that is also the borrower group and Fintown's main owner, so the guarantee comes from the same party that owes the money. There is no buyback fund, reserve fund or insurance. In plain words: your loans have no security of their own, and all your money depends on one Prague developer that also owns the platform. If that group got into trouble, every loan would be hit at once, and the banks would be paid before you.
Fintown s.r.o. (Prague, company number 17323657, registered July 2022) runs the platform. It is owned 65% by Vihorev.Investments SE and 35% by Stonehill Capital s.r.o., and has share capital of 1,000 Czech crowns (about €40). It holds no licence from the Czech National Bank and does not appear in the EU register of licensed crowdfunding providers, so no regulator supervises it and no compensation scheme covers investors. Its own 2024 accounts showed negative equity of about €0.29 million and were not audited.
Investing is free. Leaving early costs money (see below).
There is no market to sell your loans to other investors. Instead Fintown offers an early-exit scheme (rules published March 2025): no exit in the first six months; from 6 to 12 months a 10% fee on up to half of what you hold; after 12 months no fee on up to half; and another 10% on anything above half. All interest earned up to the exit date is deducted, you can ask once every 90 days, and payment can take up to 30 days. Otherwise your money comes back when the loan ends.
Return: High — the loans still running pay 11.77% a year on average (October 2026). Risk: Medium (higher means more risk) — no loss or late payment has been reported since 2023, which on its own is the lowest level, Very Low, but we set it two steps higher, at Medium, because the platform is unlicensed, every loan goes to its own owner, investors hold no mortgage and rank behind the banks, and "default" is not defined. Risk-return: High — a high rate with a clean record so far, but the whole book rests on one developer.
License / Regulation: No licence. Fintown s.r.o. (Prague, company number 17323657) holds no licence from the Czech National Bank and is not listed in the EU register of crowdfunding service providers, although EU crowdfunding rules apply in the Czech Republic. No regulator supervises it and no deposit guarantee or investor compensation scheme covers investments.
No. Fintown s.r.o. holds no licence from the Czech National Bank and is not on the EU register of licensed crowdfunding providers. No regulator supervises it and no compensation scheme covers investors.
Always the Vihorev group, a Prague property developer that owns 65% of Fintown. You buy a share of a loan Fintown makes to a group company; there are no outside borrowers.
Cash is held on a bank account at Česká spořitelna. Fintown does not say whether that account is legally separate from its own funds. Once invested, your money is lent to the Vihorev group.
Usually €100 per loan.
Loans still running pay 11.77% a year on average (24 October 2026), and €3.30 million of interest has been paid since 2023. Fintown reports no losses, no defaults and no late loans, and three projects worth €10.4 million have been repaid in full. It does not define late or default.
No mortgage protects you. Your loans to Vihorev group companies are subordinated: they rank behind the bank that finances each property, so the bank is paid first from any sale. The average loan-to-value is 71.55%. The only protection on top is a guarantee from Vihorev.Investments SE, which is the borrower's parent and Fintown's owner. There is no buyback, reserve fund or insurance, and none of this has been tested.
There is no secondary market. The early-exit scheme allows no exit in the first six months, charges 10% between 6 and 12 months on up to half your holding (and 10% more above half), deducts all interest earned, and can take up to 30 days.
None to invest. Leaving early costs up to 10% to 20% of what you take out, plus the interest earned on it.
If the group fails, all loans are hit at once and the banks are paid before you. Fintown itself has share capital of about €40 and negative equity in 2024; how investors' claims would be handled if it failed is not explained, and no compensation scheme applies.
