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Invest from EUR 100

With us you can invest in loans to Baltic small and medium companies. You can use automated strategies for best diversification or select individual projects manually. The minimum investment in one project is from EUR 100.

Complete your registration

Make sure to complete all the steps of registration. After you complete the registration in full you will need to wait for your account to be validated. For individuals it usually takes up to 48 hours, for companies - up to 72 hours. The following documents are required for account validation and they help us to build a trusted relationship with you and prevent illegal activity on the platform. We are a licensed financial institution and activities are subject to financial laws, including anti-money laundering laws.
 
Individuals

• A personal identification document (ID, passport, driving license) and a selfie (service provided by Onfido and is a step of the onboarding process)

Companies

• Personal identification document of company representative as well as of beneficial owners
• Latest version of Articles of Association
• Extract from official company register of your country
• In case the Ultimate Beneficiary Owners are not listed in the Extract, additional documentation about them is needed.

Aligned interests
Capitalia invests its own funds in every published project in order to have very clearly aligned interests with investors. You have peace of mind that we publish only such projects where we are willing to invest our own capital as well.

Monthly repayments on 1st and 15th

Each month you receive repayments from the projects in which you have invested. All our loan contracts with borrowers have either 1st or 15th of each month as a monthly repayment date. Repayments go directly to your Investment Wallet. We highly recommend reinvesting these funds in new projects to continue growing your portfolio and increasing the level of diversification. In case you choose to withdraw funds to your standard bank account you can do it at any point. 2 transactions per month are free of charge. You can check the Account statement page to see transactions for any past period.

The importance of diversification

We recommend to investors to target holding 50 or more active investments and the more investments you hold, the lower chances are of any single project default to have a significant impact on your return. If you plan to invest EUR 5,000 on our platform, we recommend making 50 x EUR 100 investments. More detailed information and analysis of our investors past returns can be found in The benefits of diversification.

Taxes

In case you are investing via a company account - there are no taxes applied. For individual investors we must follow Latvian legislation of taxation and personal income tax withholding is applied. For more information, a list of countries with Tax treaties for reduced withholding tax and how to apply for it are available on our taxes page.

Non Performing Loans

Investing in loans to small and medium companies carries a risk of capital loss. Capitalia uses its vast experience, being in the business of lending to companies since 2011, in handling all the loan repayment delays, restructurings and defaults. We take care of all required steps and cover all collection costs on behalf of investors. To date we have an exceptional Loan loss rate of just 1.74%.

Company assessment

In each loan project, investors can review the company description, available collateral, financial data, risk analysis, and other information. Investors can also request additional details about any company by contacting the Capitalia representative listed at the end of the project description. Standard loan agreement form is available here - Loan agreement.

Publishing new projects

All financing projects are published in the Lending opportunities section on Capitalia website, accessible for logged in investors. Financing projects below EUR 50,000 are published daily at 11:00 (Baltic time) without a separate email notice. Information about larger projects is sent via email in case available investment after Advised accounts and Auto-invest investments is more than EUR 50,000.

Making an investment

After evaluating a company, the investor can enter the desired investment amount on the right side of the project description. The minimum amount per project is EUR 100. Every fully registered investor on Capitalia platform has an Investment wallet - which is used for adding funds, making investments, receiving repayments, and withdrawing funds.

A loan is issued to the company provided that the full required funding amount is collected from investors within the term stated in the project description. Funding for each project is usually open for two weeks unless stated otherwise. If the full required amount is not collected within this period, received investments are returned to investors within one business day. If the full amount is collected, Capitalia signs the loan agreement with the company and sends confirmation of the completed transaction to all investors. When funding is secured by a commercial pledge or other collateral types, investor confirmation may be sent within two weeks. Each investor owns a proportional share of the total loan issued to the company. According to the Terms of Use, lenders authorize Capitalia to conclude loan agreements, register pledges, supervise credit, distribute payments, and perform other necessary actions.

Secondary market

Capitalia offers investors an opportunity to participate in the secondary market by buying and selling* investments.
*In the testing stage. Investors will be informed as soon as this function becomes available to them.

The Automatic investment function allows investing a pre-determined investment amount in loan projects based on stipulated risk, geography, and term preferences. Investors can create their own automatic investment algorithm or use our offered strategies. Using Auto-invest ensures that you do not miss great opportunities and achieve a well diversified portfolio.

How to set up Auto-invest

The first step is to access the Auto-invest area. You need to login into your profile and then in the Invest menu choose Auto-invest. We offer to choose one of the predefined strategies by Capitalia or create your own customized strategy. In predefined strategies, you only need to enter the Total investment amount. In the Custom strategy, you choose settings such as Countries, Term, interest rate, and can adjust the desired allocation to each Risk rate.

The essential part of any Auto-invest strategy is choosing the total investment amount (Investment amount field) that you want to achieve with this strategy. We recommend building a portfolio of at least 50 different projects, however, the more projects you invest in the more diversified your portfolio will be, meaning that any single project delay or loss will not have a significant impact on overall portfolio performance.

The final step is to Activate and Save your strategy as shown below:

Once you Activate and Save your strategy it will be running until you turn it off. Once the target is reached, Auto-invest will resume investing once any of the previous projects are repaid. Auto-invest works ONLY when your Wallet balance is sufficient for the next investment.

Tips on auto-investing

The smoothest automatic investing so far

The intended way of using Auto-invest is to invest in a large number of projects, maximizing diversification instead of picking projects individually. For this the Investment Wallet feature brings the true benefit of automated investments - you add funds once to your wallet and everything else is taken care of automatically. Just make sure to add enough funds to the wallet to last either for the total strategy amount or at least for 1-2 months' worth of investments. Reach out to us at support@capitalia.com and we can indicate this specific amount suggested for your individual strategy.

Why it is important to keep funds on the Investment Wallet

All investments, including auto-invest are possible only from the available wallet balance. This means you should keep the wallet balance sufficient at all times. If you wish your portfolio to be growing, we recommend to keep your Investment wallet balance enough for at least 2-3 new investments, based on your usual investment per project size.

Tip on the Total investment amount

We suggest increasing the Total investment amount by +10-20% above your desired value. Investment distribution to risk classes is rounded down, which results that the Total investment amount is not being utilized in full.

Example case, Balanced strategy, Total investment 5,000, investment in one project 200.
Resulting utilization: 4,800 investable amount

• A+ 2 x 200
• A 4 x 200
• B 12 x 200
• C 5 x 200
• D 1 x 200

In case you wish to try investing in every project, we would suggest to set the Total investment amount much higher than wanted and then add funds to your wallet at a pace comfortable for you. Auto-invest works only when there are enough funds on the investment wallet.

Reflection period

Once you activate Auto-invest for the first time, or make significant changes (for example changing from one predefined strategy to another) a 4-day reflection period will be in force. This means Auto-invest will wait for 4 days before it starts investing allowing you to have a cool-down period in case you change your mind.

In this article, we’d like to highlight the significant advantages of diversification in investing. Lending to businesses inherently carries the risk of not receiving back some or even all of the amount you’ve lent. To mitigate this risk, it’s crucial to adopt a strategy of consistent investment over time and across a range of projects. By doing so, you can achieve two key objectives:

1. Minimizing the impact of individual loan performance on your overall return.

2. Avoiding the pitfalls of poor timing.

The value of diversification is clearly demonstrated by the historical returns data from our platform. When we factor in loan losses and provisions for potential losses, we can see the following portfolio returns based on the number of loans invested in by each investor:

Chart: Portfolio Return on Investment vs. Number of Loans Invested

From this graph we can draw several clear conclusions:

1. All investors who have invested in 27 or more projects have achieved a positive net return above 5%;

2. Some investors that have built a relatively small portfolio of up to 20 loans can get higher than average returns, however, most small portfolios will deliver lower than average results;

3. Investing in all loans by Capitalia would bring a return of 10% (investors who have invested in more than 130 projects have a net return from 9.5% to 10.5%);

4. In many cases investors that have built portfolios with over 25 loans but have reported below average returns, have invested much higher than their average amounts in a few riskier loans;

5. Only 13 out of 800 active investors have a negative return. 

Conclusions on optimal diversification approach

With these conclusions in mind we strongly recommend you to follow the following principles when investing in Capitalia (or anywhere else for that matter):

• Aim to continuously have a portfolio of at least 50 investments;

• Invest a similar amount in each project;

• Make smaller investments but invest in a larger number of projects;

• Use our Auto-invest tool for headache free automatic diversification. 

The latest information about fees is available on our Pricelist page. Capitalia provides 2 withdrawals per month free of charge for investors, every next withdrawal during a month costs EUR 3.00. Starting from January, 2027 an Investment account servicing fixed monthly fee will be applied for all investors. New investors receive a 3 month grace period to build a portfolio. In addition, Capitalia earns revenue by charging borrowing companies a fee of 1-5% for successfully funded transactions, as well as a regular monthly management fee. All Capitalia fees charged from borrower, including minimum Capitalia co-investment in the project, are shown in each project section under Disclosure of Capitalia Interests.

Account maintenance fees Q&A

Why is Capitalia introducing monthly account fees now?
Since we launched in 2017, we have proudly offered our investor services completely free of charge, covering all costs from the borrower side. However, as our platform grows, we need dedicated resources to maintain our high standards, host secure investment wallets, and build new tools. This small flat fee allows us to release highly requested features like the Secondary Market and a vastly improved investor dashboard, as well as ensures more resilient income sources for us as a platform operator. Resilient income sources for such platforms as ours is very important, as it ensures we are not dependent only on new approved and fundraised projects fee income.

When exactly will I start being charged?
We want to give you plenty of time to adjust. If you are a current investor, you have a 6-month grace period. You will not be charged any account fees for the current year. If you are a new investor, you will receive your first 3 months free of charge to help you build your portfolio.

How will the fee be collected?
The fee will be automatically deducted from the available (uninvested) funds in your Capitalia Investment Wallet on the 1st week of every month, starting after your grace period ends.

How will this fee impact my overall returns?
Because this is a flat fee (EUR 1.90 for individuals, EUR 4.90 for corporates) rather than a percentage of your assets, the impact on your returns actually shrinks as your portfolio grows. For example, for an average individual portfolio of EUR 9,200 earning our historical average of 10.52%, the fee represents an annual impact of just -0.25%, leaving a net expected return of 10.27%.

What are the benefits of the new EUR 100 minimum investment?
By halving our minimum investment from EUR 200 down to EUR 100, you can put your incoming repayments back to work much faster. It also allows smaller portfolios to diversify across more loans, reducing overall risk.

I haven’t made a new investment in months, but I am still receiving repayments. Do I still have to pay the fee?
Yes. Starting from 2027.01.01, the monthly account fee applies to all open accounts. This fee covers the ongoing administrative costs of processing borrower repayments, maintaining your Investment Wallet, and providing platform security.

What if I want to withdraw my funds instead of paying the fee?
You have 6 months before any fees are charged. During this year, you can continue to let your current loans amortize and withdraw the funds to your personal bank account. Please keep in mind our standard withdrawal policy: you receive 2 free withdrawals per month, with any additional withdrawals in the same month subject to a EUR 3 fee.

What happens if I don't have enough uninvested funds to cover the monthly fee?
If your available cash balance is lower than the fee amount (or is at zero), the monthly fee will still be applied, which will temporarily result in a negative cash balance on your account. Any subsequent loan repayments or platform deposits will automatically go toward clearing that negative balance first.

What if I have no active investments and my balance goes negative?
We actively monitor accounts to prevent indefinite fee accumulation. If your account reaches a negative balance equivalent to 6 months of fees (e.g., EUR 11.40 for individual accounts) and you do not have any active loan investments left in your portfolio, your account will be deemed inactive and automatically archived.

I created an account but I have never invested, and my balance is zero. Will I be charged?
Yes. Starting from 2027.01.01, the fee applies to all open accounts. As mentioned above, the account will go into a negative balance for up to 6 months. Once it hits that 6-month threshold without any active investments, it will be automatically archived. To avoid this entirely, if you do not plan to use the platform, simply email our support team at support@capitalia.com to close your account.

Our platform operates from Latvia and we must comply with local legislation. Due to this when private individuals invest on Capitalia, we must deduct a withholding tax from their interest and late interest income received.

When the tax withholding happens:

1. You invest in a project.
2. The borrower makes a payment that covers interest (interest or late interest). 
3. Once the received payment is processed and is being distributed to investors, a part of the interest payment is automatically deducted from repayment to your account as withholding tax based on the applicable tax rate.
4. When you declare your income in your country of tax residence, you might be able to reduce the tax payable in your country by the withheld amount. Please consult your local tax legislation and seek professional advice if needed. 
5. You can see the withheld amount as a separate entry in the account statement, as well as in the bank transfer payment details text. The total withheld amount will be visible on your tax report which you can download from the Account statement page. 

Please note that no withholding tax is deducted from investors - legal entities. 
Please note that the personal income tax rate in Latvia is 25.5%.

The withholding tax rate depends on your country of tax residence. Currently, the following rates are applicable:

• For investors who are tax residents of Latvia, the withholding tax rate is 25.5%, in line with the Personal Income Tax Act.
• Investors who invest as private persons and are tax residents of Lithuania can reduce their withholding tax rate to 0% if they provide a tax resident certificate. Note: In case your income on Capitalia platform is over EUR 5,000 the original tax resident certificate must be submitted to our office in Vilnius or Riga via post or in person. Tax resident certificates must be renewed every year and submitted to us no later than the 31st of January of the new year.
• For all other investors who invest as private persons, the standard withholding tax rate is 25.5%. The rate can be reduced if the investor provides a tax resident certificate. Note: In case your annual income on Capitalia platform is over EUR 5,000 the original tax resident certificate (2 copies) must be mailed to our office in Riga via post. Tax resident certificates must be renewed every year and submitted to us no later than the 31st of January of the new year. Please see the full list of reduced applicable tax rates:

Show all countries

Country	Double tax treaty rate (%)	Country	Double tax treaty rate (5)
EU		Non-EU
Austria	10	Albania	10
Belgium	10	Armenia	10
Bulgaria	5	Azerbaijan	10
Croatia	10	Belarus	10
Cyprus	10	Canada	10
Czech Republic	10	China	10
Denmark	10	Georgia	10
Estonia	10	Hong Kong SAR	10
Finland	10	Iceland	10
France	10	India	10
Germany	10	Israel	10
Greece	10	Japan	10
Hungary	10	Kazakhstan	10
Ireland	10	Korea (ROK)	10
Italy	10	Kosovo	10
Lithuania	0	Kuwait	5
Luxembourg	10	Kyrgyzstan	5
Malta	10	Mexico	10
Netherlands	10	Moldova	10
Poland	10	Montenegro	10
Portugal	10	Morocco	10
Romania	10	North Macedonia	5
Slovakia	10	Norway	10
Slovenia	10	Qatar	5
Spain	10	Saudi Arabia	5
Sweden	10	Serbia	10
		Singapore	10
		Switzerland	10
		Tajikistan	7
		Turkiye	10
		Turkmenistan	10
		Ukraine	10
		United Arab Emirates	2.5
		United Kingdom	10
		United States	10
		Uzbekistan	10
		Vietnam	10

Reducing the withholding tax

To register your tax residence and apply a reduced withholding tax rate, we are required to receive a tax resident certificate from you. Check with your local tax authorities to see how you can obtain a tax resident certificate in your country of tax residence. Your tax resident certificate must meet the following requirements to be accepted:

• It must contain your full name and tax identification number
• It must confirm your tax residence for the current year
• It should specify that it applies to income generated in Latvia
• It must be in English and signed by the issuing tax office

You can submit your tax resident certificate via email support@capitalia.com

The reduced withholding tax will be applied from the next month after Capitalia has received and processed your tax resident certificate. If the tax resident certificate is provided later, but not more than 3 years after the date of receiving interest, you can request repayment from the Latvian tax authorities.

Unless stated otherwise, your tax resident certificate remains valid until the end of the specified calendar year. You will need to submit a new tax resident certificate to reduce your tax withholding rate in the next calendar year.

An additional form only needs to be provided when you generate more than €5000 in income during one calendar year.

Account statement and tax report

For individual investors from Latvia, Capitalia submits all required information to Latvian tax authorities. For all other investors, we kindly remind you that you have to declare income from investments on our platform yourselves. The tax report is available under the Account statement section, where you can select Last year and then download the pdf tax report. In addition, each tax withholding transaction is visible in the Investment wallet statement as well.

How to obtain Tax residence certificate for Lithuanian investors

After logging in to VMI, you need to select Paslaugos then in the search field enter Pažyma dėl pripažinimo rezidentu dvigubo apmokestinimo išvengimo sutarties tikslais and pick the form. 

Continue pressing the green button Pildyti, then click Pridėti, pick the country Latvia and current year. Continue ordering the form to your Mano VMI (to receive a signed e-document).

The certificate will be prepared in .adoc signed e-document format in a few days. Once it is ready, please submit it by sending to support@capitalia.com.

Tax Certificates will be valid until the end of January of next year. At the start of the new year we will remind affected investors to obtain new Certificates and submit them to us.

In order to invest in loans published on Capitalia platform investors must hold an Investment Wallet, which is usually created within 48 hours after finishing the registration. The Investment Wallet is your safe dedicated payment account that you can use to store money for investing on Capitalia platform, receive project repayments and withdraw cash to your standard bank account when needed. You will be able to access this Investment Wallet directly on the Capitalia platform.
 
Key benefits for investors:

• Safety - your funds will be clearly segregated from Capitalia at all times and money will be transferred directly between investors and borrowers. Your money will be held in separated client-money accounts opened with large and safe partner banks, such as BNP Paribas
• Convenience - you will be able to top up the Investment Wallet with a single transfer and then make multiple investments to new projects directly on our platform without paying bank fees for each transaction
• Reinvesting - since the repayments will accumulate in your Investment Wallet, it will be effortless to reinvest funds in new projects
• Auto-invest - your auto-invest strategy, as well as Advised account service will require even less attention as you will no longer need to make a new bank transfer for every project automatically booked for you

The keeping of the Investment wallets will be provided by the French licensed payment institution supervised by ACFR and widely used by many of the largest European crowdfunding platforms - Lemonway. Money kept in Investment Wallets is held in separated client-money accounts opened with partner banks, such as BNP Paribas.
 

Checking Investment Wallet balance

When logged in to your account on our platform you will always see the current Investment Wallet balance next to your account menu in the top right corner:

Clicking on drop-down items to Add or Withdraw funds will take you to the dedicated Investment Wallet pages where you will see 5 sub-pages:

• Balance - See available wallet balance
• Statement - Obtain an account statement for the desired period of time
• Adding funds - Will show you the information required to make a transfer for adding funds to the wallet
• Withdrawing funds - Here you will be able to withdraw funds to your bank account.
• Bank account validation - Here you can add or change the bank account for withdrawals.

Adding funds

To add funds to your Investment Wallet you will need to make a SEPA payment in EUR. You can add funds from any bank account, just make sure it is your bank account. The Name Surname, or Company title will have to match your profile information for payment to be accepted. Important - The beneficiary is Lemonway, and IBAN is individual for every investor. You can use the button Copy for convenience when making a bank payment in your internet bank. 

In case your bank requires a BIC for making SEPA payments, use the following BIC code - BNPAFRPPXXX. In case an address is required, use the following: 8, rue du Sentier - 75002 Paris - France.

Withdrawing funds

To withdraw funds you just need to enter the amount, which you wish to withdraw and confirm it with your account password. You can withdraw any amount which is available on your Investment Wallet. Withdrawal will be done to your bank account indicated in your profile and visible on the Withdrawing funds page. 

Q&A regarding Investment Wallets

In whose name will the bank account (“wallet”) be opened?
In the name of Investor.
 
How will my accountant be able to access the bank account statement?
The statement will be available on the Capitalia platform, under the Investment Wallet menu. The user using the platform will have to get it and submit it to accounting.
 
Where will the money be held?
Money kept in Investment Wallets is held in separated client-money accounts opened with 4 tier-1 partner banks, such as BNP Paribas.
 
Will deposit guarantees apply at the bank?
Yes, for instance, BNP Paribas operates under Deposit Guarantee Scheme, where €100,000 per depositor is guaranteed. Customer funds regardless if an EU bank goes insolvent are guaranteed (up to EUR 100,000 per depositor) under provisions outlined by European Union regulation.
 
Where can I get more information about safeguarding funds?
You can access more information on Lemonway's safeguarding page.

I finished registration/updated my profile but do not see my Investment Wallet

If you just registered or just updated the required information on your profile - it can take up to 48 hours to get your Wallet opened. If it takes longer, please contact our support team.
 
Can I invest in a project if my Wallet balance is insufficient?
No, all investments, including Auto-invest, require to have sufficient wallet balance in order to make investments.

Changing data

Investors can update their citizenship or tax residence country on the My Profile section. To change the bank account for money withdrawal, a dedicated button is available in the Withdrawing funds page. Any other information like name, surname, email address can be changed by contacting our investor support team via support@capitalia.com.

Additional security for your account: two step authentication

In the era of digital advancements, cybercrime rates are escalating, rendering the reliance on mere passwords insufficient for ensuring complete account safety. Understanding the paramount significance of user security, Capitalia has recently integrated Google Authenticator into our security measures. This implementation enhances security compared to only password login and is required for all users.

What is Google Authenticator?
Google Authenticator is an app that generates a unique time-limited, six-digit code which you will need to enter during the login process. It is straightforward to use the app on your phone and it is available for free both on Android and iOS devices. 

A step by step guide

1. Login to your Capitalia account and go to My profile. Then open the last tab named Two-step Verification Setup

2. Download the Google Authenticator app from the App Store or Google Play Store and open it to set it up (skip this step in case you already use this app). 
3. Once the Google Authenticator app is set up and open on your phone, click the + sign in the bottom right corner, and choose Scan a QR code.
4. Scan the QR code shown in your browser (My profile -> Two-step Verification Setup) using the app, and a Capitalia account will be added in the list.
5. Input the 6 digit code from your Google Authenticator app and select “Save”.
6. Once you click “Save”, you’re all set and Capitalia will ask you to login again using the Google Authenticator code. You can choose to trust the device for 30 days, in which case this 6 digit code from the app would not be required on that device for the next 30 days. 

Google Authenticator is one of the applications that supports this way of 2FA, you can also use Authly, Microsoft Authenticator, or other possible alternatives.

Using the two factor authentication and the Google Authenticator app is required for more secure access to your account. If you are unable to use Google Authenticator or need to reset it for example due to device change - contact support@capitalia.com.

Under the European Crowdfunding Service Providers (ECSP) regulation, non-sophisticated investors must periodically complete two key investor protection assessments: the Entry Knowledge Test and the Simulation of the Ability to Bear Loss. These tests are designed to ensure you understand the risks involved in crowdfunding and have the financial capacity to absorb potential losses. If these tests become outdated on your profile, your account will be temporarily restricted. You will not be able to make any new investments, and crucially, your Auto-Invest feature will be paused, leaving your funds sitting idle.

Investors who have never taken the tests or their previous test result has expired, after login are shown a notification linking to the tests page. In addition, it is accessible via My profile page, tab Investor status.

Entry knowledge test

The purpose of the test is to evaluate your knowledge regarding investing and financial products and assess whether investing in crowdfunding loans is appropriate for you. The test consists of 9 questions and takes up to 5 minutes to complete. Test results are valid for 2 years.

After completing the Entry knowledge test, the investor is prompted to continue with the Simulation of ability to bear loss test.

Simulation of ability to bear loss

Simulation of ability to bear the loss will guide you to calculate your Net worth. You will be able to use our calculator or choose to enter the Net worth value yourself. The end result will provide you with the recommended investment amount for crowdfunding platforms based on your net worth. Simulation of ability to bear loss results are valid for 1 year.

Using test results

Both tests can be completed several times and you can retake them anytime if you go to My profile and select the Investor status tab. The test result will allow us to determine the investment size per one project appropriate for you. Investors are shown warning messages in case an investment in one project exceeds the recommended limits.

For active investors email reminders are sent before any of the test expires. In addition, a notification is shown on the platform to retake the tests.

Video tutorial

Here is a quick video tutorial for taking the tests (length 1:25):