Bondster new (overnight accountish) loan product and tuned autoinvest

I mentioned Bondster already sometimes on this blog and it has its reasons: 1) The platform is innovative and offers new products 2) Behind Bondster there are seasoned loan originators, which is very important to me 3) Regional diversification, as the marketplace operates out of Czech Republic. This means even if there is a new regulation in the Baltics concerning p2p investments, it does not matter. Just think about it, what happens if p2p is forbidden in the Baltics. Worst case, I know, but in my opionin this shows exactly why diversification is good sometimes.

13% loans of a Kazakh pawn shop: Tezlombard

Tezlombard offers a kind of pawn shop loans on Bondster. Most of the loans are backed by physical gold or jewellery, but the ltv is quite high. The loans are perpetual, theoretically can run for years and only serve interest. As an investor you get a cancellation window of 3 to 4 days per every 30 days, in which you can get out of the loan. Without any costs incurring, you just need to know when to do it. If you miss the opportunity, the next window will be there in 30 days latest. So not a real overnight money account like with Bondora, but for this you get the doubled yield. On the negative side you are less liquide and the risks are higher. As I already said the loans yield 13 percent and can get bought backed after 60 days in delay for not serving interest installements. In this case you get your capital plus all accrued interest.

Autoinvest got updated and enhanced

The autoinvest feature was enhanced with some more settings. I, for my part, run with the old settings. But a very cool feature added are the Diversification settings. Once activated these try to balance the investments with all selected loan originators. This is really helpful in my opinion. I am testing this feature currently, as I want to know what happens if there are no loans of one originator. Stays this share in cash? Hopefully, and for sure not. There are some questions popping up 😉

Bondster Autoinvest, really nice new features

At the end / Cashback

Bondster really gets better and better. My delayed loans quota is in line with other marketplaces and is different depending on the originator. Of course my observation period is a bit too short to draw conclusions, but this is about to change. Curently I am really happy with the platform. It seems the marketplace is an insider’s tip, but also this is about to change, I am sure. Bondster can be easily compared with the Baltics peers.

New investors still get 1% Cashback for the first 3 months. If you want to participate in it, you need to put 4985 in to the promocode field at registration. Here you go to the registry. You will get the cashback directly credited on to your Bondster account on every fith of the month. But this happens only after you already are invested for at least 30 days. So the first credit might take a bit longer

Promocode with Bondster for one percent cashback for three months

Marketplaces with currently the highest interest rates

Some days ago a reader asked me where at the moment he could get the highest interest rates. But with moderate risk, of course. So what is moderate risk? I don’t really know, I guess this is something depending on the indivual assesing risk. If I look at 10 year German Government Bonds, I see a return of minus 0.2% annually. So if you invest 1000 Euro now, you get 980 Euros back in 10 years, nice deal 😉 This is the price for absolute security. Well theoretically, even Government can default. But why did I use the 10 year yield to maturity as a gauge? In finance, these returns are used in most financial models and are referred to as the risk free rate.

Ok, that was just introductional, but I think we needed this. If I compare this minus 0.2 percent to the highest yielders of 22 percent, it is no rocket science to see that this is absolute high risk territory. An absurd credit spread of 22.2 percent. If I use this comparison, I would say moderate risk is at the lower band of this bandwith, so around 2 percent or so, but for sure not in the p2p sector. As I said before, moderate risk is different to any investor and derives from two main factors: 1) risk capacity, this is the answer to the question if you get in trouble if your invested money is lost. 2) Risk tolerance is the question after point 1 is ok. In this case you might have the capacity to absorb the loss financially, but psychologically. What is it worth if such investments keeps you awake at night because you fear to lose it? No point in investing, if you cannot handle it. But no, off to the overview.

Crowdestor leads the pack currently

There already were some projects on Crowdestor which yielded 21 percent with a duration of plus minus one year. Currently there is a project, see bottom, in funding and at the time of writing 82 percent filled. I am sure there will come some more projects the next few days. With Crowdestor you better have cash ready at the marketplace to be able to hit the invest button before the projects are already filled.

Example project at Crowdestor

Kuetzal – the youngest

Kuetzal as well has its share of projects yielding 21 percent. These are filled slowly, but it does not matter to investors, as the interest calculation starts immediately after investing. Here you can read up on Kuetzal.

Envestio – the quickest

With Envestio the projects are filled up within minutes or up to 3 hours, if it is a bigger amount funding. Even if Envestio currently pays only around 17 to 18 percent, the projects are funded within no time. Before you invest, you might want to read my older posts (here, here and here). You need to have funds on the marketplace before a new projects turns up, otherwise you will be late.

And there is Bulkestate

At first I did not want to include Bulkestate in this list, but with 17 percent interest rates it somehow matches. Smaller projects are filled within minutes. Bigger projects can take 3 weeks, but will get financed in the end by some big hitters or so. I really like their projects and approach to not add too many projects, but quality. They are building a solid track record currently of repaid projects.

And we are at the end….

I really have no clue why projects at Envestio are filled quickest (is it the cashback?). I doubt it is because of the minimal investment ticket of 1 Euro. Does it really matter if the minimal investment is 1, 10, 50 or 100 Euro? I doubt that. To summarise, the most trustworthy platform of these 4 are Bulkestate and Crowdestor. This does not mean that they are less risky, also they will face delays and defaults, that is sure.

Currently there is no project in delay according to the marketplaces. Or do you have different information?

Envestio – Update and Cryptomining projects at a closer look

Well, nearly a half year went by since my last post about Envestio . Who has read my previous posts (here and here), might remember that I am a bit critical towards the marketplace. The performance of the platform although left a positive impression. Installements were on time, so I should not lament. Exactly this is a point, which I still find weird: no lates (or did you have some?) or something, only business as usual? This just leads me to believe that not every installement is paid directly from the borrower. I can imagine a scenario where the borrowers have allowances (and for some projects you see them in the description), and the repayment is taken from the allowance. Important for me is, that we see new projects on the marketplace, not more tiers of existing projects (which is okay to have, but not exclusively). Most projects on the platform are not rateable for me as I have no clue about wooden pellets or fish 😉 But recently there were projects I could proxy a bit.

Crypto Mining Projects

Firstly I try to explain for what crypto mining is needed, I am no expert in this field, so forgive me my superficial approach. Mining basically approves transaction within its network, at least with Ethereum. So if A send 1 ETH to B, this must be confirmed by the network, and this is what miners do. Some transactions together go into one block, and who finds the block, gets a reward in Ethereum. But this network can do more, there are apps on it (dapps = decentralized applications etc). So there really needs to be miners 😉

During the past weeks there were two such projects added on the marketplace, with a volume well over 1 Million Euro. In the project description we can see that the borrower got an order to build a mining rig containing of GPU’s. At first I thought now way there are GPU’s costing 900 USD per piece, but GTX 1080ti GPU’s are that expensive, and there are others which cost double. Money for which you get a good laptop, but this may be comparing apples and oranges. The nice thing about mining is, that it is calculatable and therefor we know the profitability. I used to calculate the profit. I was very fair and assumed electricity costs of 0.05 USD per kilowatthour(KWh). If you mine Ethereum, then you make 61 cent net per day, so amortising one card has a duration of 1475 days. Not the best point to start I think. Surely there are more profitable tokens to mine, but with less market cap and less volume to trade, so price swings are normal. Furthermore these results are from one point in time. Usually the mining gets more difficult when more people start mining, which happens when prices are increasing. As long as the difficulty increases less then the price, everything is okay and profitability is better. with 0.05 USD power cost and using a GTX 1080ti GPU

There seem to be more efficient GPU’s to mine then the above mentionned one. Update 2nd June: Good news is that mining profitability increased during the past weeks, which leads to better returns. You can check it here if interested :


At the moment everything is fine in Envestioland, but I think one should really think twice before investing in mining. It really was glad to see that these projects filled in more time then others. So people are actually watching in where they invest in. Don’t get me wrong, basically I really like Envestio’s idea: Support companies and help the economy grow. This safes jobs and creates more. For investors it is great as well, fund a great cause and get high yields. But with high yields, normally comes high risk 😉

New Investors get 0.5% Cashback (for the first 270 days) plus 5 Euro starting bonus, if you register through this link. There are not always projects available, so best strategy is to deposit some money and act quickly once you get a notification about a newly added project.

Spring Time for marketplaces: Bonus, Cashback and information

Currently there are lots of special deals for new investors from various marketplaces. Others have no incentive, but offer lucrative projects to invest in and have announced a full pipeline

Kuetzal offers sign up bonus plus cashback to new investors

Some weeks ago I published my first post about Kuetzal . In the meantime I have received my interest payments on time. Of course it is too early to tell if Kuetzal is worth the risk, but at the moment it seems to be a promising platform. New investors get 10 Euro sign up Bonus plus 0.5% cashback on your invested capital during the first six months. You need to sign up with this link and press register. In the field promo code, enter SPRING2019 . After you have invested at least 100 Euro, 10 Euro will be automatically deposited to your account, plus 0.5% on your investment. On top of this promotion there is a special Cashback promotion which started in June. To me the cashback looks like being calculated as per investment, not summed up.

Cashbackmarathon at Kuetzal for a hot Summer

Lenndy offers starting bonus

I really liked Lenndy in the past, but the further development lagged, so I did not spend much time on it. Recently they picked up and got rid of paysera and have their own bank account integrated. For sure a plus is the constant deal flow. Remember: Only loans with the shield icon are buyback protected. If you want to start with Lendy now, you can get 10 Euro as sign up bonus (if you use this link to register). By the way, they offer an autoinvest feature, but the autoinvest only grabs newly published loans after you set it up and activated. It does not invest in loans already available. I will update my review about Lenndy during the next weeks.

Bulkestate announced lots of new projects

Bulkestate recently announced by email that they will have a lot of investment projects in the coming months. Three of my projects have matured and were paid back on time . There is no cashback currently, but the yields of the projects are great. I am satisfied with the platform, but I really hope the deal flow increases as expected. Follow me to Bulkestate.

Crowdestor lowers minimum ticket

No cashback, but good news. The minimal investment amount has been lowered to 50 Euro per loan. This means you can diversify more with the same amount of money. There are plenty of offers at the moment. Currently a 21 percent project. Crowdestor really kicked it during the last weeks. Better deposit some money on the marketplace, as the great loans fill quickly. Follow me to the marketplace.

Crowdestor Real Estate Project

Start with Neofinance and get 25 Euro

Lithunian marketplace Neofinance, which operates very profesional in my opinion, offers 25 Euro Bonus to new EU investors. Register through this link.

Bondster: Update, no more fees, up to 13.5% interest and autoinvest

As you might know I joined Bondster during Q4 2018, actually a bit early for an update. The recent changes made me do one. There are lots of good news for investors which I want to share. Furthermore some Investors seem to have problems configuring the autoinvest. I had that trouble as well when I began using the marketplace. Let us start with the good news for investors:

No more fees on Euro Investments

Until Wednesday investments in Euro have been charged by an annual fee of one percent, so lowered the interest received. This fee began charging once the first three months were over. Since Thursday this fee is gone (but new investors still get 1% cashback, details at the end of this post), which already impacts our yields in a positive way. The fee is still applied on the Czech Krona investments. The second nice point for us is:

Loans with up to 13.5% interest rate and buyback

Bondster has proven themselves by adding new loan originators, matching their risk criteria. This must be a very tough due dilligence review, as Bondster promises to step in, should a loan originator default. This week Lime from Poland was added and already offers a huge number of loans. Furthermore Bulgarias Stikcredit offered 13.5% on a smaller lot of loans. If you like the ore conservative approach, there are more loans from originators which haven been in business for years now. Oh, by the way, Stik and Lime offer short term loans of up to one month.

Late and Penalty fees

A recently changed fact is, that if a loan is past due date, investors still get compensated for the overdue period. There is just a little difference with how much. If in the loan details there is written “no penalty fee” it means, that the loan interest just runs at the same rate. If a loan is yielding at 13.5 percent, this rate is appied until buyback kicks in. If in the details there is written “penalty fees yes”, the interest accrues until the due date as it is written and then afterwards the penalty fee applies. I guess it is at least the same as the interest or more, otherwise this distinction would not make any sense. I hope this explanation was clear.

Autoinvest feature – sometimes less is better

Yes, the autoinvestor played games with me as well, lol. I had several people reaching out to me about it. Therefor I decided to share some info about it. First, I really think Bondster wanted to create a sophisticated autoinvest tool for us, hence we got a lot of parameters to set. And there seems to be the problem, some settings might not work together or we simply do not understand how to set it right. In experience it is enough to select the originator (or leave it empty to select all), the minimal interest rate, maximal duration and include buyback (currently obsolete, but I want it future proof). Below you can see my settings:

My Bondster Autoinvest settings

Once you clicked save, you see the overview of your autoinvestor, and there is a really helpful detail: Found loans shows you how many loans match your criteria. My settings result in 292 loans. With this number, you can see if your settings are ok or not.


Beforementionned changes really make Bondster more attractive in my opinion. Short term loans with 13.5 percent yield, plus overdue covered, this is really competitive. Further I like the regional diversification with a platform outside the Baltics.

New investors get 1% Cashback on their investments, if you register (follow link) and put this number, 4985, in the promo code field. This is valid for the first three months after registry. Cashback is directly credited on your investment account on the 5th of every month, for the investments of the past month.

Crowdestor: Plenty of new projects and introduction of a buyback fund

A little more then one year ago Crowdestor has started its services and begins to thrive right now. The first ever financed project was paid back some days ago (others already repaid before) and there are three investible loans on the platform right now. Afourth will be online for funding on Wednesday morning, more on that at the end. First i was a bit sceptical about the marketplace or to put it better, the first project. With some time past now, I am more confident about them then a year ago. For sure the projects are of higher risk, but you get compensated by very attractive interest payments (like Kuetzal or Envestio . Interest starts to accrue from day one, which of course an advantage. I am convinced that at some point at least one loan gets delayed or worse. To counter that a bit, I guess the buyback guarantee fund was founded.

Buyback Guarantee Fund

On March 1st Crowdestor announced that they had launched their buyback guarantee fund and initially funded it with 50k Euro. Further there will go one to two percent of each projects fee into the fund. Such a mechanism we already know from Lendy, formerly Saving Stream. They believe the fund will be worth about 100k by years end. Achievable if the funding of loans reaches 2.5 to 5 Millions of Euro. Seems to be quiet a bit, but given the rate at which new projects are going live and funded, I believe it is doable. I just question how much 100k will help when compared to a 500k project. It might be enough, as mostly loans default down the road not at the beginning and if there are securities in place. Let us hope we won’t have to find out ;). Last but not least the funds rules are not clear to me. I hope the marketplace will soon define them clearly. n

New Project on Wednesday at 19 percent

Wednesday morning a new project will go live for 520k Euro at 19 percent yield and very short duration of 9 months only.. My gut tells me this one will be funded quickly. I do not have more information on this project currently. It looks like a real estate project in Riga. Follow me to Crowdestor.

Newest Crowdestor Project in Riga

Kuetzal – new marketplace with high yields (22%), cashback and sign up bonus

Kuetzal, what a weird name I first thought. So I asked them why they branded them like this. See the answer from Alberts, CEO and Cofounder:

Initially we wanted to name the platform Quetzal. It is a rare bird which Aztec and Maya tribes considered as sacred. The bird is associated with trust, magnificence, brilliance and we decided to use this name. Another reason is we wanted to differ from competitors which have a lot of invest, lend, crowd in their names. The market is overloaded with such names so we decided to bring freshness. We just made a change from Quetzal to Kuetzal as we believe it will be more Europe-oriented name.

Well, I guess the differentiation was successful 😉 The platform’s headquarters is in Talinn, Estonia and was founded by three young entrepreneurs. Interest rates vary from project to project and top at 22 percent. Kuetzal offers some special features, which I would like to discuss a bit further.

Kuetzal Care and the Buyback

Most new platforms have a hard time getting their first loans funded, which is in turn a pain for new investors, as their money is on the platform not earning interest. This is different with Kuetzal, as interest accrues from the moment the investment is made into a project (minimal investment 100 Euro per loan, monthly interest payments). This is part one of Kuetzal Care. Second part makes sure that every project will be funded completely. Creditline with banks and money from Angel Investors makes this possible. The buyback feature is not included in every project, it is mentionned in the summary table of each project. If buyback is available on a loan, you can instantly sell your loan part to the platform directly, but they only refund 90 percent. So you basically lose 10 percent of your initial investment as a penalty. This means that you can sell a 20 percent yielding project after 6 months and make no loss (as the monthly interest payments covered it), should you need money before maturity. We know this functionality already from Envestio.

Kuetzal Projekte
Some current projects at Kuetzal

Brand new: Cashback and Sign up Bonus

At the moment you can get 0.5% Cashback on your investments during the first six months after registration. Use any Kuetzal link (like this one) and click on register on the site (right top corner). This offer has no expiration currently. Plus, there is a sign up Bonus of 10 Euro. To get it, insert SPRING2019 in the promo code field during sign up. On top of that there is a Cashback for investments from 1k Euro (see picture below) All Bonuses will be directly credited to your investment account.

Cashbackmarathon at Kuetzal until August 31st 2019


You see, this marketplace has its own and very different approach. This should not be seen as bad news. What I don’t like is their lack of focus. They focus on ideas and not sectors or segments. Comforting on the other hand is, that they got funding approved from banks and angel investors. Something which you don’t secure without a deep due dilligence by them. These institutions do not throw their money at a project easily. As per today no project has matured, so no assessment can really be done at the moment. Take for granted that these are risky investments (like Envestio or Crowdestor). As expected I got all my due interest payments on time and I am hopeing this will continue. Follow me to Kuetzal.

News, Cashback and a fresh marketplace

Reinvest 24 offers Cashback

There was not a lot going on in recent weeks at Reinvest 24. But this week will be big. A new project is going live, secondary market will be introduced and a cashback campaign is running until March 11. Cashback is applicable to existing and new investors. 0.5% Cashback is paid for total investments from Euro 500 and 1 percent for total investments of 1k. You can spread your investment over all available projects for diversification. Only the total invested amount counts . Follow me to Reinvest24.

Swaper announces ambitious goals

During 2018 Swaper originated loans worth 34 millions Euros, according to them. Despite this impressive number, lots of investors had to deal with cash drag. Swaper now announced that they will originate 54 millions of loans in 2019. The increase of loan supply will be seen this week. Fingers crossed 😉

Crowdestor thrives and offers high yields

As announced by Crowdestor some weeks ago, the pipeline of new projects is full. Lots of projects were financed within hours or few days. Mostly the high yielding ones were sold out quickly. On Thursday evening the new project Saapio will go live to get funding for their european expansion.. My gut tells me, that with 18 percent interest rate (which you get from start), this project will be funded within hours. So if you want to participate, send the money early.Follow me to Crowdestor.

Neues Crowdestor Projekt ab Donnerstag Abend 28. Februar 2019

Kuetzal: a new (mostly) high yielding platform

Some weeks ago I discovered this marketplace with this awkward name and I invested for testing purposes. Later this week I will post a review of the platform and let you know why they chose this name. Some facts in advance: Minimal investment 100 Euro, interest accrues from day one. The projects will be financed for sure as the marketplace has credit lines with banks and angel investors. There is a buyback with 10 percent penalty, We know this feature from Envestio for example. Take a look at their projects over here .

This was it for now, stay tuned, more to come this week.

Bondster – Czech P2P with Buyback (and Cashback)

Some weeks ago I already announced Bondster and now it is time to take a closer look. Czech private equity company CEP Invest owns Bondster. Further there is a strategic partnership with the loan originator ACEMA, which I know from Mintos. ACEMA is a heavywheight in the Czech nonbanking loan market with only a little short of 20 years of experience in this market. I guess these are solid preconditions. 

Sign up, Cashback and Fees

On Bondster retail and company lenders can invest money, if they have got a banking account withing the European Union (plus Norway and Switzerland). You can sign up  with this link. If you add these four digits 4985 to the Promocode field on the bottom of the form you get 1 percent cashback for the first three months  (same for me). The cashback is calculated on your average investment during the first three months. The funds will be credited on your investor account after 30,60, and 90 days. Further there are no fees for the first three months. Afterwards the marketplace charges 1 percent annualy on your invested funds. The fees are directly subtracted from your received interests. So basically you can test the platform for three months free of charge and get an extra cashback.

Currencies and types of loans

CZK (Czech Krona) and Euro are available for investments at the moment. With CZK there is sort of an instant access savings account (like Bondora Go und Grow), which yields 3.9 percent annualy. I doubt this is very interesting for Euro investors, but I wanted to mention it anyway.. Additionally there are loans which are secured with property, but only seldom they are on the marketplace. The biggest part of the loans are Guaranteed Liquidity (GL) and Buyback (BB). Both of these types come with a buyback guarantee on principal and accrued interest, after 60 days. The GL loans provide a possibility to exit before maturity, but this comes with a cost of 1 percent of the principal amount. As most loans are annuities with monthly installements, the effect of the fee reduces with increasing duration of the loan. The buyback loans do not provide this early termination option, but yield much better ( currently 12%) and come with a duration of a few months. I can forgo the liquidity feature because of the buyback and the relatively short duration. Minimal investment per loan is 10 Euro.


Bondster offers an autoinvest feature, which seems to be a little complicated on first sight. This has to do with the many options you can set. Therefor I made my first investments manually, which took some time as I had to confirm every investment . In my next Bondster post I will explain the mechanism in detail.


I find Bondster interesting as it presents a regional alternative to the Baltics.  Another positive point is that ACEMAis on board, which I already know from MIntos. As always with these types of loans the quality of the loan originater is key. There are some unknown originators on the marketplace. I will try to gather more information on them and share my thoughts in the coming weeks. By the way, the website is also available in English.

Questions? Post them here.



Reinvest 24 – invest in rental properties in the Baltics

Reinvest24 is a relatively new marketplace from Estonia which I will introduce to you now in some depth. I found the platform during their softlaunch last summer. At that time there was not too much going on there what should change now. The platform is open to investors from all around the world.

Basic information

Reinvest24 was founded in 2018 through experts in the field of real estate, It and finance and is located in Talinn. According to them they have more then 10 years of experience with property development. Firstly the team developed and managed the projects as a kind of private fund. As the number of realisable projects increased they decided to offer access to this asset class to private investors (minimal investment 100 Euro per project). Not only the monthly paid yields are exciting, the type of investments is as well. You can be shareholder of a property and benefit from monthly rent payments plus participate in the value increase of the property. The properties will be revalued periodically or after a milestone in the development is reached. In future there will be a secondary market in place where you can sell your shares over or under actual value. However the main focus of Reinvest24 is to hold the properties longterm and generate passive income from renting.

Current and past projects

Momentarily there are two projects open for funding (details you can see in the project description), one with a fixed interest rate (14% annualy with a duration of 9 months). This project was published on the platform to give new investors more options to invest at the beginning. The second project is a partially renewable rental property which already generates rental income (I am in this project as well). Projects like this are preferred by the marketplace. If the team sees good opportunities, they will add different types of projects in the future (like the 14% fix rate project).

If you take a look at the properties page, you will see there are already two projects labeled with “exited”. This means the properties were already sold. These projects were never open to public, the team just processed these two for testing purposes through the platform. Hereafter there will only be limited exits on good offers, and only if the shareholders are ok with that.

Fees for investors

Per 100 Euro invested you get a number of shares of a property. Two percent of your investment is deducted as fees (applies as well for secondary market purchases, selling is free though). This means of every 100 Euro invested, you get 98 Euro worth of shares. Sounds expensive at first sight, but in comparison to other platforms this can be seen as moderat. Furthermore, the yields should compensate for the fees really quickly. The marketplace as well needs to make some money to operate. As already said the platform takes the 2 percent on investments and charges one tentht of the rental income for manageing the properties. In my opinion this is okay.

Investment structure

The whole development project is processed through a SPV (Special Purpose Vehicle), which represents the interests of the investors. This SPV is just a legal person, so basically a company (I am no lawyer, so please excuse the generalisation). By investing you do not get a share of the SPV, but directly from the property, which will be managed by the company. Basically this is the same structure used byProperty Partner, one of the bigger property marketplaces in the United Kingdom. The other possibility would have been to found a new SPV for each new project and give shares of the SPV to the investors. This is costly and not profitable to do for every 100 Euro invested, so not really an option. As it seems we will just have to trust the marketplace that this structure will be used in our best interest. I do not want to overdramatize this issue. Remember that with most p2p investments we do not get more then a contract in pdf and a promise to get paid. An advantage of this structur is that every project is independent, so if some problems occur with one project, it has zero impact on the others.


I like the concept of Reinvest24, as I exactly missed the possiblity to generate rental income in the Baltics. It is something different and the team seems to be very motivated. I was in contact with the CEO Tanel Orro over the last weeks and he answered all my questions in detail. You can contact him through the emailadress on the platform. Maybe this is necessary as there is not that much information available on the website as I’d liked, but they are working on it. Follow me to Reinvest24.