Investing itself is free, but smaller charges add up: a EUR 1 monthly platform fee once your account is six months old, a 1% fee charged to both the buyer and the seller on every secondary-market trade, EUR 0.29 per withdrawal, and inactivity fees. The hidden costs are larger: NEO Finance retains roughly a fifth of whatever it recovers from defaulted loans, and Lithuania withholds 15% tax on interest at source - reducible only if you file paperwork under your country's tax treaty. Independent reviewers call it one of the more expensive platforms overall, mainly because of the two-sided secondary-market fee.

New lending fell 41% year on year in mid-2026, the loan book has contracted for three straight quarters, and management itself warns that a wave of early repayments driven by Lithuanian pension reform has temporarily flattered the portfolio's quality. A profitable but shrinking platform with an ageing, long-duration loan book is a different proposition from a growing one - and nothing on the marketing pages says so.

There are no projects to browse - NEO Finance is itself a licensed consumer lender, so investors fund loans it has already approved. Every applicant is checked under Lithuanian consumer credit law, including a mandatory affordability assessment, and given a grade from A+ down to C-; applications rated D or E are rejected and never reach investors. The grade sets the interest rate, from about 6.7% for the safest borrowers to about 22.8% for the riskiest funded grade. The weakness is that you cannot check the grading yourself: NEO Finance publishes no default or loss figures per grade, so the grade is a label you take on trust from the company that profits when the loan is funded.

No scandal, regulatory fine, payment freeze or fraud allegation was found - for a platform operating since 2015 that is a genuinely clean record. Trustpilot shows 4.1 out of 5 from about 140 reviews (August 2026). Complaints are about everyday frustrations rather than lost money: too few loans for the money waiting to invest (real - new lending fell 41% year on year in mid-2026 while investor numbers grew), the 1% fee charged to both sides of secondary-market trades, rising late payments, a dated interface, and marketing that quotes borrower interest rates as if they were investor returns - a criticism independent reviewers make directly. One review site claims 45.5% of the portfolio is non-paying; that figure does not match any number NEO Finance or its auditors publish (about 10% is over 90 days late) and should be treated with caution.

The company is controlled by ERA Capital, an investment vehicle holding 83.2% of the shares, whose director Evaldas Remeikis is also chairman of NEO Finance's board - so ownership and control sit with one family group, openly disclosed in stock-exchange filings. The board includes Aiva Remeikiene, who previously ran the lending platform itself, plus members covering risk and strategy. Day to day the business is led by CEO Juozas Kaminskas and CFO Tomas Savickas, with about 56 employees. Because the company is exchange-listed, every director, shareholding and pay disclosure is on the public record - a level of visibility almost no competing platform offers, though minority investors have little practical influence.

There is one lender, NEO Finance AB, and it is also the platform. It is a Lithuanian consumer credit provider, 83.2 percent owned by UAB ERA Capital, that lends its own money and sells the claims on to investors. Unusually for this kind of marketplace it can be checked properly: the shares trade on Nasdaq First North Vilnius, the accounts are audited by Grant Thornton Baltic UAB, and the figures are filed publicly. The 2025 accounts show revenue of EUR 8.03 million, a net profit of EUR 1.5 million against EUR 486,000 in 2024, and equity of EUR 4.77 million against EUR 3.27 million a year earlier. Capital is the weak point. Under EUR 5 million of equity supports a EUR 92.7 million consumer book on a balance sheet of roughly EUR 32 million, so own money funds about a tenth of it. Credit quality is ordinary for unsecured Lithuanian consumer lending: EUR 25.87 million of the EUR 257.24 million lent since inception, or 10.05 percent, was more than 90 days past due at the end of 2025. The separate provision fund behind the suretyship held only EUR 15,944.

Repayments arrive monthly. If a borrower falls about three to five instalments behind, NEO Finance terminates the loan. You then have a 30-day window to sell it back to NEO Finance at a discount - 100% of remaining credit for A+ loans, 70% for A, 60% for B, 50% for C, nothing for C- - with the best prices in the first three days. If you decline, the debt goes to court and bailiffs: on average 45% is recovered within two years and 69% within three, but NEO Finance keeps roughly 16-24% of recoveries as a collection fee and your capital earns nothing while you wait.