There is no project selection you can see, because there are no projects: you fund a pool, and the funds lend on to financial intermediaries - leasing, factoring and business-credit companies - that Quanloop refuses to name ("We don't share the names of our partners in public"). The only visible criteria are the three plans' collateral rules: Low-Risk holds loans backed by collateral worth more than the loan, Medium accepts moderate loan-to-value, High may be unsecured. No underwriting criteria, approval rate, borrower count or concentration limit is published. A sister leasing company owned by Quanloop's controlling shareholder sits in the same declared ecosystem; on registry evidence it is currently tiny, but investors have no way to check what the funds actually lend to.

Two founders, effectively one controller. Valentin Ivanov - described as a fintech expert and fund manager - owns 75% of the holding company and is sole board member of the group holding, the general partner and the sister leasing company, and is the recorded beneficial owner of the original fund. Rene Rattur, co-founder and software architect, owns 25% and holds no board seat we could find. The group claims over 23 professionals, housed in a services entity, but the general partner itself shows one employee. No compliance, risk or credit officer is named, no CVs are published, and no independent director exists anywhere in the structure.

You cannot observe it, by design. Because your claim is on the fund rather than on any loan, there is no arrears status to watch, no recovery process to follow, and no event that must ever be reported as a default - if a borrower fails, the fund simply earns less. The visible mechanisms are the plan allocation limits, the collateral rules, a liquidity reserve reported at 10% of the pool (unquantified on the site), and the 24-hour cycle itself. There is no buyback guarantee, no provision fund, no published arrears or write-off rules, and no explanation of which risk plan absorbs losses first.

There are no investor fees at any level - no deposit, withdrawal, management or performance charge. Quanloop is paid by the spread: the difference between what its borrowers pay the funds and the rate you receive, and neither the borrower rate nor the spread is disclosed. Interest accrues daily but is paid out on the 15th of the following month, and withdrawals go only to a bank account in your own name. New accounts are limited to 15,000 euros until extended identity checks are completed. How tax applies to returns from an Estonian limited-partnership fund is not explained; the app provides downloadable statements.

The criticism is substantial, consistent - and almost entirely about what cannot be seen, not about anything that has gone wrong. Traders Union places Quanloop on its blacklist, on the accurate premise that the platform is unregulated. The German blog  concludes "I do not regard Quanloop as a serious investment", citing total opacity about the assets, no audit, and one founder controlling everything. Another blogger wrote there is "little/nothing about what Quanloop actually does with the money", comparing it to platforms that concealed their lending partners; a 2020 Bond Review piece found advertised average profits that could not be reconciled with the maximum rate on offer. Trustpilot indexes at 4.4/5 ("Excellent"). On the other side of the ledger: across forums covering 2020-2024 and 107 independently tracked investors, no withdrawal gate, freeze, default or capital loss has ever been reported.

Your instrument matures every 24 hours, so in theory the entire investor base can leave in a day - there is no notice period or lock-up. Against that stands a book of longer-dated loans, a reserve reported at 10%, and incoming deposits. Quanloop's own answer is a price, not a promise: if it cannot redeem on time it pays 2% a year for each day of delay - about 0.17% for a month - with no limit on how long a delay may run and no gating clause in its risk notice. Six years of net inflows mean the promise has never been tested.