Lande
Latvia · Agriculture · Founded 2019
Our score
Average return
11.2%
platform average
Regulation: ECSPR licence (Latvia)
3% cashback on what you invest in your first 30 days
Partner link — we may earn a commission at no cost to you. It does not affect the score above.
Our verdict
LANDE lends directly to farm businesses against real assets, most new loans now secured on land or machinery at an average loan-to-value of 41%, and it runs a licensed, audited and profitable company while charging investors nothing. There is no buyback: your protection is the collateral, and enforcing it through courts and bailiffs is slow. On 21 September 2026 about EUR 9.6m of the EUR 35.8m not yet repaid was late or defaulted, and 144 projects were in judicial or collective proceedings. LANDE reports individual recoveries but has not yet shown in aggregate how much defaulted principal comes back or how quickly, so the 11.2% headline is an average interest rate, not a return after losses.
Read our full Lande reviewRegulation, returns, fees, risks and our verdict — in depth.What works
- Real collateral at a low loan-to-value: most loans are secured on farmland or machinery, with an average LTV of 41%
- ECSP licence No. 27-10/2024/23 from Latvijas Banka since 7 February 2024, and a clean audit opinion on the 2025 accounts from Orients Audit & Finance
- A profitable operator — SIA LANDE Platform earned EUR 206,485 in 2025 — and no investor fees, including on secondary-market sales
- Monthly reports show arrears by collateral type and country, and farm loans follow harvests and land values rather than consumer credit cycles
What doesn't
- High arrears: about 27% of the amount not yet repaid was late or defaulted on 21 September 2026
- No buyback, and enforcement is slow — court hearings can come 3–9 months after filing, before any bailiff sale — with no aggregate recovery data published
- Limited exit: the secondary market trades at par only and excludes bullet and defaulted loans
- A small, owner-led company — about ten employees and a CEO holding 78.67% — whose own subsidiaries act as collateral agents
Who this is for
Investors who want collateral-backed loans outside consumer credit, can spread a modest allocation across many loans, and can leave money committed for two years or more.
How the score breaks down
How this score is calculatedEach dimension is scored 0–10 from documented inputs, then multiplied by its weight and summed. Nothing is rounded until the end.
Figure taken from: lande.finance · Sep 18, 2026 · €66m funded; 11,364 investors; loan-to-value 40–60%; ECSPR licence from Latvijas Banka
Terms & conditions tracker
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