FinoMark Review

What it is

FinoMark is a Lithuanian crowdfunding platform run by UAB FinoMark in Vilnius. Investors lend to small and medium-sized Lithuanian companies, including leasing, credit lines and loans under Avietė, a state programme of the national development institution ILTE that compensates part of the borrowers' interest. As of 1 November 2026 it had funded 945 loans worth €29.6 million for 6,011 investors. The average loan is €31,337 and runs 25.2 months.

How it works

You open an electronic-money account with NEO Finance and link it to FinoMark, then choose loans yourself or set rules for automatic investing, from €25 per loan. Each loan shows two ratings, FinoMark's own and a GOscore from the data firm Scorify, from A (lowest risk) to D. Interest starts when the money is paid out to the borrower, and repayments come back to your account.

Returns

The weighted average interest rate on all loans issued is 11.29% a year (as of 1 November 2026). By year of lending it ranges from 10.77% (2024) to 12.08% (2023). This is the contract rate before losses, not a realised return; no return after defaults is published. Investors have so far received €19.6 million of principal and €2.66 million of interest back.

Losses and defaults

FinoMark publishes monthly statistics. 53 of 945 loans have been terminated after a default (as of 1 November 2026). The platform shows this as 3.55%, but 53 of 945 is 5.61% by number; the page does not say how the 3.55% is measured. The yearly default rate it must publish as a licensed platform fell from 14.63% for 2021 to 4.98% for 2025, and 1.22% so far in 2026. Older loans have the most money more than 90 days late: 9.94% of 2021 lending and 5.51% of 2022 lending. No write-offs or recovered amounts are published, so final losses are not known.

What secures your money

Security depends on the loan: personal guarantees from owners, guarantees from companies, and on some loans a first-ranking mortgage on property, a property complex, vehicles or equipment. Each loan's security is shown in its listing. Guarantees are promises to pay, not collateral, so only part of the book is backed by real assets. The platform's loan-to-value ratio is 43.54% (1 November 2026). There is no buyback or provision fund, and how much has been recovered from the 53 terminated loans is not published.

Who runs it and its licence

The operator is UAB FinoMark (company code 305538582, Ukmergės g. 126B, Vilnius). It holds a crowdfunding service provider licence from the Bank of Lithuania, No. 12, dated 10 November 2023, and its rules for assessing borrowers are approved by the regulator. Investors' money is held by NEO Finance, the licensed electronic-money institution behind the Paskolų klubas platform.

Fees

FinoMark says it charges investors no fees, and registration is free. Transfers out of the NEO Finance account cost what NEO Finance's own price list sets. Borrowers pay an assessment fee and other charges, which are not published as figures on the public pages.

Getting your money out

Money comes back as borrowers repay, over 25 months on average. On 20 August 2026 the Bank of Lithuania announced it had allowed FinoMark to run a bulletin board where investors can post offers to transfer their loan claims; how it works and whether it is open is not shown on the public pages. Until then, expect to hold each loan to the end.

Our view

Return: High. Loans carry a weighted average of 11.29% a year. Risk: High (higher means more risk). By the platform's own count, 53 of 945 loans have been terminated, 5.61% by number, which on its own would mean Medium; we rate it one step higher because the platform's 3.55% terminated-loan figure does not match that count and recoveries are not published. The yearly default rate fell to 4.98% in 2025 and the loan-to-value ratio is 43.54%. Risk-return: Medium, as a high return meets high risk and the rates are before losses, so the return after losses is not known.