EvenFi - Risk and return review
EvenFi - Returns and loss rates
Investment maturity
EvenFi – Platform statistics 2026
20000
investors
EvenFi – Pros & Cons
About EvenFi
What it is
EvenFi is a crowdlending platform where you lend to small Italian and Spanish companies through loans and minibonds. It started in Bergamo, Italy, in 2018 as Criptalia, took the EvenFi name in 2021 and holds an EU crowdfunding licence from Spain's markets regulator. Its statistics show €38.6 million lent to 507 projects since 2020 (as of 29 January 2026). New lending has slowed: €10.1 million in 2022, €3.6 million in 2024, €6.7 million in 2025 and €0.5 million in January 2026. EvenFi also sells its platform technology to other operators, and in January 2026 it launched a service to run the loan books of crowdfunding platforms that are closing.
How it works
You choose projects and invest from €20 each; some borrowers set a higher minimum. Loans run for 4 to 60 months and pay a fixed rate. Each borrower gets a grade from A to D. Interest is paid after tax is withheld: 26% for Italian residents and 19% for Spanish residents.
Returns
EvenFi advertises returns of up to 12% a year (October 2026). This is a ceiling, not a result: the projects listed on the platform in October 2026 paid 6% to 10%, including 7.11% on a five-year minibond. EvenFi publishes no average or realised return, and its statistics page says its figures do not reflect any investor's return. With many loans in default and no recovery figures, what investors actually earned cannot be worked out.
Losses and defaults
EvenFi's own table shows that 16.9% of all money lent since 2020, €6.5 million of €38.6 million, is in default (a payment more than 90 days late; loans that were extended and are paying again are left out). By number, 145 of 507 projects, or 28.6%, have defaulted (as of 29 January 2026). The older loan years are the worst: by amount, 17.8% of 2020 loans, 24.4% of 2021 loans and 23.5% of 2022 loans defaulted. The newer years look better (12.7% for 2024, 1.3% for 2025), but they are too young to judge. The grades have not worked as expected: grade B loans defaulted more often (36% of projects) than the riskier grade C (29%). EvenFi publishes no recoveries, so how much of the defaulted money came back, and so the actual loss, is unknown.
What secures your money
Mostly nothing. The loans and minibonds are unsecured: no mortgage, no pledge, no buyback and no reserve fund. EvenFi says newer projects carry a guarantee from an Italian mutual guarantee body, but it does not publish how much this covers. When a borrower stops paying, EvenFi says it works with an outside debt collector; it has never published what came back. In plain words: about one in six euros ever lent through EvenFi is in default, and you carry that loss yourself.
Who runs it and its licence
EvenFi Fintech, S.A. (Barcelona, Spain) is authorised by Spain's markets regulator, the CNMV, as a crowdfunding service provider under the EU crowdfunding rules, register number 5, since 17 February 2023. The Italian company Criptalia S.r.l. (Bergamo), the original operator, is named as the contracting party in the 2022 terms of use, so check which company is on your contract. No compensation scheme covers crowdfunding loans.
Fees
EvenFi's investor page lists no fees for investors; the only deduction it describes is tax withheld at source (26% in Italy, 19% in Spain). Borrowing companies pay the platform.
Getting your money out
You get money back as borrowers repay. Before that, you can offer your loans on a secondary market at a price you set, but EvenFi publishes no trading volume for any year since 2021, and selling a loan in trouble is likely to need a large discount. Investors' cash is held by authorised payment institutions, not by EvenFi; the 2022 terms name MangoPay S.A., an e-money institution in Luxembourg, where each investor has an account in their own name.
Our view
Return: Very High — up to 12% a year as advertised, though current projects pay 6% to 10% and no realised return is published. Risk: Very High (higher means more risk) — 16.9% of all money lent is in default, and we rate it one step worse because no recoveries are published, the loans are unsecured, the statistics page shows conflicting dates and public reviews have turned sharply negative. Risk-return: Low — an advertised ceiling with no measured return behind it, set against default levels that can wipe out the interest.
Regulation
License / Regulation: EvenFi Fintech, S.A. (Spain, CIF A67626283) is authorised by the Spanish markets regulator (CNMV) as a crowdfunding service provider under Regulation (EU) 2020/1503, register number 5, registered 17 February 2023, and may offer its services across the EEA. No investor compensation scheme covers crowdfunding loans.
Functionality
For Investors
Useful Information
Yes. EvenFi Fintech, S.A. is authorised by Spain's markets regulator, the CNMV, as an EU crowdfunding service provider (register number 5, since 17 February 2023). The licence covers how the platform works, not whether borrowers repay.
Authorised payment institutions, not EvenFi. The 2022 terms name MangoPay S.A., a Luxembourg e-money institution, where your cash sits in an account in your own name. Once lent, your money is with the borrowing companies.
€20 per project; some borrowers set a higher minimum.
EvenFi advertises up to 12% a year; projects listed in October 2026 paid 6% to 10%. No realised return is published. Its own table shows 16.9% of all money lent since 2020 in default, 28.6% of projects (29 January 2026), with no recovery figures.
Mostly nothing: the loans are unsecured, with no mortgage, buyback or reserve fund. EvenFi says newer projects carry a guarantee from an Italian mutual guarantee body, but not how much it covers. It has never published how much was recovered from defaulted loans.
You get money back as borrowers repay over 4 to 60 months. You can list loans on a secondary market at a price you set, but no trading volume has been published since 2021, so a sale is not assured, especially for loans in trouble.
EvenFi lists no investor fees; borrowers pay the platform. Tax is withheld on interest: 26% for Italian residents and 19% for Spanish residents.
If a borrower fails, you share the loss on that loan, less whatever is recovered; nothing secures it. If EvenFi failed, your cash at the payment institution is kept apart from EvenFi, but loans would need someone else to collect them. No compensation scheme applies.
EvenFi grades borrowers from A to D, but grade B loans defaulted more often (36% of projects) than grade C (29%), and even grade A shows a 14% expected default rate by amount. The grades are not a reliable guide on their own.
