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A funder asks how small an amount is needed to get involved, how much the platform charges in fees, whether the platform has an authority's licence and whether it tells about the risk of losing capital. These decide 50 points out of a hundred.
Score shows how the company does on our comparison criteria, on a 0–100 scale. Rankings cannot be bought.
Basic metrics · 72.4
+ Investor fees are stated as numbers: subscription fee 1-2 percent and management fee 1 percent, and the target return of about 6-8 percent is presented openly
Basic metrics: 72.4, rank 1 · no change
Basic metrics · 67.3
+ Fees are stated exceptionally clearly: no fees are charged for investing and the withdrawal fee is only 1 euro regardless of the amount withdrawn, with no hidden fees
Basic metrics: 67.3, rank 3 · ▲ 1 place
Basic metrics · 70.6
+ The licence and supervision are stated precisely: the Financial Supervisory Authority has granted Springvest an investment firm licence, and the supervising authority with its contact details is named on the page
Basic metrics: 70.6, rank 2 · ▼ 1 place
Basic metrics · 67.1
+ The licence is clearly stated: the platform is licensed under the EU ECSP Regulation (Regulation EU 2020/1503) and Invesdor is a Eurocrowd member
Basic metrics: 67.1, rank 4 · no change
– Platform fee: The platform fee charged to the investor is not stated on the front page, the investment and crowdfunding pages, the investment guide or the legal notice.
Basic metrics · 63.6
+ The service's costs are stated openly: making a campaign is free of charge and from a successful campaign Mesenaatti's commission of 12-18 percent plus transaction fees is deducted
Basic metrics: 63.6, rank 5 · no change
– Operating licence and supervision: No operating licence or supervising authority is mentioned in the guide, on the Info page, on the Collect money page or on the instructions page.
Basic metrics · 54.0
+ The transparency of pricing on the business loan side is clearly highlighted: the interest rate is determined by risk rating and loan amount, with no hidden costs, and this is repeated in the frequently asked questions section
Basic metrics: 54.0, rank 6 · no change
– Minimum amount: The investor's minimum amount is not stated on the front page, in the price list or on the business loan page. The service is aimed at business loan applicants.
Weights are fixed. All companies are measured on the same scale. Read the full methodology.
| Buying motive | What is measured | Scale | Weight |
|---|---|---|---|
| Minimum amount QUESTIONHow small an amount can I get started with? | Smallest amount in euros with which an investment or contribution can be made. | €1 or less = 100 points, €1,000 or more = 0, in between directly proportional. | 18 p |
| Platform fee QUESTIONHow much commission does the platform take from my money? | Listing fee or commission stated on the public page, as a percentage of the amount. | 0% = 100 points, 20% or more = 0, in between directly proportional. | 16 p |
| Licence and supervision QUESTIONDoes the platform have an official licence, and is it stated? | Whether the platform states its licence or supervising authority on its own pages. | Stated = 100 points, not stated = 0. | 8 p |
| Risk warning QUESTIONDoes the platform say directly that money can be lost? | Does the platform's site mention the risk of losing capital? | Mention found = 100 points, not found = 0. | 8 p |
| Basic metrics | Digital quality, transparency, reachability and AI quality score | Basic metrics × 0.5 | 50 p |
We scored 6 crowdfunding platforms on 19 metrics: technical quality, transparency, reachability and AI quality. The key question: can you see the fees, the minimum investment and the risk warning before you register and transfer money?
Crowdfunding means raising funding from a large group of people through an online platform. The platforms operating in Finland are, however, of very different types and are therefore not directly alternatives to each other. In equity crowdfunding (for example Springvest and Invesdor) you invest in the shares of an unlisted growth company. In loan-based crowdfunding (Vauraus and Fundu) you finance business loans and aim for interest income. Bondora offers loan-share investing, and Mesenaatti.me is a reward-based platform where you support a project without a financial return. The comparison measures transparency: whether you can see the fees, the minimum investment, the licence and the risk warning before you transfer money.
Fees and costs shown to the investor without logging in (25), licence and supervision stated (ECSP licence or Financial Supervisory Authority) (20), risk or loss warning visible (20), minimum investment or minimum stake stated (15), business ID (Y-tunnus) or owner shown on the site (10), independent source of assessment shown (10)
Transparency is 30% of the basic metrics, i.e. 15% of the total points · these metrics make up its 100 points · the full formula and the other pillars
How to read the comparison correctly: Half of the points come from buyer's questions, i.e. things the buyer finds out before deciding. The other half measures how openly the company publishes its prices, terms and contact details. Clear differences in points indicate a genuine difference: one tells you the price immediately, another only after logging in. Close scores should not be read as a ranking order, because every measurement has a margin of variation. The measurement accuracy and the full calculation formula are open in the methodology.
Customer experience is brought into the assessment separately. We also collect customer feedback and customer experiences about companies through separate surveys. The survey results will be added to the overall assessment later.
The platforms are of different types and are therefore not direct alternatives to each other. Springvest and Invesdor are equity-based (you invest in the shares of a growth company), Vauraus and Fundu loan-based (you finance business loans in return for interest), Bondora peer-to-peer lending and loan-share investing, and Mesenaatti.me reward-based (you support a project without financial return). The scoring measures transparency, not returns.
The operating licence and the transparency of fees are a pain point in the industry. The EU ECSP licence cleaned up the sector in 2023-2024, and many former players either shut down or became banks (Fellow Finance became Alisa Pankki, Fixura moved into its own lending). It is hard for a consumer to know who is still taking new investment money, so the comparison rewards platforms that state their licence, fees and risk warnings clearly in advance.
Bondora is Estonian. Bondora AS operates from Estonia and does not have a Finnish business ID (Y-tunnus), but it offers a Finnish-language service to Finnish investors. Ownership is disclosed openly, and it is assessed accordingly in the business ID (Y-tunnus) metric.
Every company is measured with the same public formula: half of the points come from buyer's questions and half from basic metrics, which have four pillars: technical quality, transparency, reachability and AI quality score. Ranking cannot be bought, and you can see the origin of each point on the company's profile. Read the full methodology →
Investing always involves the risk of losing capital in part or in full. Investment-type platforms are supervised by the Finnish Financial Supervisory Authority or operate under an EU ECSP licence, but supervision does not remove investment risk. With reward-based crowdfunding you receive no financial return at all.
Fees vary by platform. For example, Vauraus's subscription fee is 1-2 per cent and its management fee 1 per cent, and Bondora's withdrawal fee is 1 euro with no other investment costs. On share-based platforms the costs often appear in the customer agreement. Always check the fees before investing.
The minimum investment varies. With Bondora's Go & Grow you can start investing with 1 euro and investing with Invesdor starts from 250 euros, while in Springvest's funding rounds the minimum investment is usually about 1,000 euros. On some platforms the minimum is visible only after logging in.
In the share-based model (Springvest, Invesdor) you invest in a company's shares and aim for an increase in value at an exit. In the loan-based model (Vauraus, Fundu) and in loan shares (Bondora) you finance loans and aim for interest income. In the reward-based model (Mesenaatti.me) you support a project and receive a reward without a financial return.
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