Scramble - Risk and return review
Scramble - Returns and loss rates
Scramble – Platform statistics 2026
13184
investors
Scramble – Pros & Cons
About Scramble
What it is
Scramble is an Estonian lending platform, run by Scramble OÜ, that has financed small consumer-goods brands since June 2022. The brands are mostly small UK companies making food, drinks, cosmetics, clothing and accessories. Since June 2022 it has raised €58.77 million in 57 monthly rounds for 131 brands from 13,184 investors (as of 18 October 2026). It holds no financial licence.
How it works
A new batch of brands opens on the 1st of each month and the round runs for about two weeks. You do not pick single loans: you put cash into Group A, Group B or both, and after the round your money is spread over the whole batch automatically. You buy claims under six-month financing agreements. In Group A you get a part of your money back every month (about 5.9% of principal in each of the first five months) and the rest at the end of month six. Group B is paid at the end of the term. The minimum is €10. Brands can shift a monthly repayment to a later month within the six months, and a brand that cannot repay in time gets up to 24 months, with late charges.
Returns
The home page shows an average interest income of 15.8% a year (read 1 November 2026). It does not say over which period, how it is weighted or whether it covers both groups. The platform advertises up to 12.4% a year for Group A and up to 25% a year for Group B, with earnings reinvested each month; Group B pays a 9% flat fee for six months. Since 2022 investors have earned €2.35 million in total (as of 18 October 2026). No return after losses is published.
Losses and defaults
Scramble publishes no default rate and no loss figure. It reports 100% on-time repayments in both groups across its rounds (as of 18 October 2026) but does not say what counts as on time. Its help pages say brands that cannot repay within six months get up to 24 months, with late charges, and repayments to investors can be met from Group B money or the founders' guarantees, so late brands may not show up in that figure. €43.27 million, 74% of all money lent, has been repaid so far; the rest is still outstanding.
What secures your money
The loans are not secured by any asset. Each brand signs a six-month financing agreement with no property or pledge behind it. Two protections are promised instead. First, each co-founder personally guarantees the brand's obligations up to 40% of their lifetime income, so two or three co-founders can cover 80% to 100%. Second, every monthly batch is split into Group A (senior) and Group B (junior): Group B investors hold 15% of the batch and are repaid only after Group A, so they take the first losses. A personal guarantee is a promise, not security, and how much it brings back depends on the founders' own means. The platform publishes no recovery figures, no default figures and no record of guarantees being enforced (as of 1 November 2026). There is no buyback.
Who runs it and its licence
The platform is run by Scramble OÜ, registered in Estonia (commercial register number 14991448). It holds no licence from a financial regulator and is not in the European register of licensed crowdfunding providers (checked 28 October 2026). Investors therefore do not get the protections of the EU crowdfunding rules. The operator's own finances are weak: its 2024 annual report shows a net loss of €366,400, after a loss of €527,300 in 2023, and says its equity fell below the legal minimum; the owner plans to restructure the share capital. No auditor is named in the 2024 report.
Fees
Investors pay no fees: the platform says investing is fee-free, and there are no fees to deposit or withdraw money (banks may charge their own transfer fees). The brands pay Scramble an upfront fee; its size is not published.
Getting your money out
Each claim runs six months, and Group A returns part of your money every month. Repaid money lands in your available cash and can be withdrawn at any time; Scramble says it handles a withdrawal within one business day and the transfer usually takes two to four business days. The terms of use (version of October 2025) describe a secondary market for selling claims to other investors, but the help pages do not explain how to use it, so do not count on an early exit. If a brand is late, your money can stay in for up to 24 months.
Our view
Return: Very High. The platform shows an average interest income of 15.8% a year. Risk: Very High (higher means more risk). It is unlicensed, the loans are unsecured, no default figure is published, and the operator lost money in 2024 with equity below the legal minimum. Without a loss figure the level would be High; we set it one step higher, at Very High, because of the operator's weak finances. Risk-return: Very Low. The high rate does not make up for the lack of a licence, security and loss data.
Regulation
License / Regulation: No licence. Scramble OÜ (Estonia, commercial register number 14991448) holds no licence from a financial regulator and is not in the European register of licensed crowdfunding service providers (checked 28 October 2026). The EU crowdfunding rules and their investor protections do not apply, and no compensation scheme covers the investments.
Functionality
For Investors
Useful Information
No. Scramble OÜ holds no licence from a financial regulator and is not in the European register of licensed crowdfunding providers (checked 28 October 2026). The investor protections of the EU crowdfunding rules do not apply.
Scramble itself. Its terms say investors' cash sits in a payment account in Scramble's name at a licensed bank or payment institution in the EEA, kept apart from Scramble's own assets. The institution is not named, and no interest is paid on cash.
€10. Your money is spread automatically over the whole monthly batch of brands in the group you choose.
The home page shows an average interest income of 15.8% a year (read 1 November 2026), without saying over which period. Advertised rates are up to 12.4% a year for Group A and up to 25% for Group B. No default rate or loss figure is published; the platform reports 100% on-time repayments without defining the term (18 October 2026).
No asset. The loans are unsecured. Each co-founder guarantees the brand's debt up to 40% of their lifetime income, and Group B investors take the first 15% of losses in each batch before Group A. There is no buyback and no published record of guarantees being enforced.
Group A (senior) is repaid first and monthly, with up to 12.4% a year advertised. Group B (junior) holds 15% of each batch, is repaid only after Group A at the end of the term and is advertised at up to 25% a year. Group B carries much more risk.
Repaid money can be withdrawn at any time; withdrawals are handled within one business day and usually arrive in two to four business days. Claims run six months. The terms describe a secondary market, but the help pages do not explain it, so plan to hold to the end. A late brand can take up to 24 months.
None. Scramble says investing is fee-free and charges no deposit or withdrawal fees; your bank may charge for transfers.
If a brand fails, losses hit Group B first, then Group A, and recovery depends on the founders' guarantees. If Scramble fails, your cash is meant to be kept apart from its assets, but there is no licence, supervisor or compensation scheme. The operator lost €366,400 in 2024 and its equity fell below the legal minimum.
Scramble does not withhold tax. You must declare and pay tax on your earnings under the rules of your own country.
