Squirrel Money Investor Reviews

About this Company

Squirrel is not a tech start-up. We’ve been in the business of helping Kiwis borrow money since 2008.

 

Squirrel was born during the Global Financial Crisis so we’ve got a natural cynicism about the economy and being prudent. We’ve worked hard for our clients and built a strong and trusted brand in the Auckland housing market, arranging over $2 billion in mortgages. And along the way we’ve also won a heap of awards.

Our business is all about helping Kiwis make better financial decisions.

Peer-to-peer – or as we like to call it, person-to-person lending, was an obvious next step for us. It gives everyday investors better returns at the same time as saving borrowers their hard-earned money. By putting Reserve Funds in place and building a world class IT platform (the Squirrel P2P Marketplace) we also take looking after our investors’ money seriously.

Squirrel Investing is about us challenging lending traditions to create more value for our clients. It’s not revolutionary or scary, it’s just personal lending, done better. We believe in total transparency and you’ll find we’re honest and open about how we work, where our funding comes from and what’s happening with your money.

 

 

Visit squirrel.co.nz/invest

Filter

106 Verified Customer Reviews

106 Customer Ratings and Reviews

Shopper Approved collects trusted reviews from customers who have made a verified purchase.

4.0

Overall Star
Rating

5 Shopper Approved - Review Star
35
(33%)
4 Shopper Approved - Review Star
42
(39.6%)
3 Shopper Approved - Review Star
22
(20.8%)
2 Shopper Approved - Review Star
4
(3.8%)
1 Shopper Approved - Review Star
3
(2.8%)

Would Invest Again
4.3
5 Shopper Approved - Review Star
65
4 Shopper Approved - Review Star
24
3 Shopper Approved - Review Star
7
2 Shopper Approved - Review Star
5
1 Shopper Approved - Review Star
5
Price Satisfaction
4.1
5 Shopper Approved - Review Star
36
4 Shopper Approved - Review Star
50
3 Shopper Approved - Review Star
16
2 Shopper Approved - Review Star
2
1 Shopper Approved - Review Star
2
Would Recommend
4.0
5 Shopper Approved - Review Star
45
4 Shopper Approved - Review Star
32
3 Shopper Approved - Review Star
20
2 Shopper Approved - Review Star
6
1 Shopper Approved - Review Star
3
Customer Service
4.0
5 Shopper Approved - Review Star
22
4 Shopper Approved - Review Star
10
3 Shopper Approved - Review Star
6
2 Shopper Approved - Review Star
2
1 Shopper Approved - Review Star
4
Investing Process
3.7
5 Shopper Approved - Review Star
35
4 Shopper Approved - Review Star
29
3 Shopper Approved - Review Star
21
2 Shopper Approved - Review Star
12
1 Shopper Approved - Review Star
9
SHOW DETAILS

About this Company

Squirrel is not a tech start-up. We’ve been in the business of helping Kiwis borrow money since 2008.

 

Squirrel was born during the Global Financial Crisis so we’ve got a natural cynicism about the economy and being prudent. We’ve worked hard for our clients and built a strong and trusted brand in the Auckland housing market, arranging over $2 billion in mortgages. And along the way we’ve also won a heap of awards.

Our business is all about helping Kiwis make better financial decisions.

Peer-to-peer – or as we like to call it, person-to-person lending, was an obvious next step for us. It gives everyday investors better returns at the same time as saving borrowers their hard-earned money. By putting Reserve Funds in place and building a world class IT platform (the Squirrel P2P Marketplace) we also take looking after our investors’ money seriously.

Squirrel Investing is about us challenging lending traditions to create more value for our clients. It’s not revolutionary or scary, it’s just personal lending, done better. We believe in total transparency and you’ll find we’re honest and open about how we work, where our funding comes from and what’s happening with your money.

 

 

Visit squirrel.co.nz/invest

Filter
A
Anon
03/18/2020 , Auckland

I guess you guys must have been busy. Funds were sitting around for a month before I changed them to one of your new funds - easy from now on I hope.

Would Recommend
3/5
Price
4/5
Customer Service
4/5
Investing Process
2/5
Would Invest Again
4/5

J
Jiri C.
03/12/2020 , Auckland

I've been with Harmoney for almost 3 years and your platform is far more superior, will move to you little by little

Would Recommend
5/5
Price
5/5
Customer Service
5/5
Investing Process
5/5
Would Invest Again
5/5

S
Steve G.
02/20/2020 , Northland

Overall loving the Squirrel experience, very easy-to-use web site, and happy to recommend the service to friends. However there are a few minor frustrations. Firstly that the time taken from placing an investment order to it being allocated to a new loan is quite long, averaging 16 days for the minimum interest rate. There is no indication as to where your orders are in the queue. Furthermore no real indication as to how many loans have been activated in a given period e.g. last 2 business days. This is desirable to illustrate the popularity of Squirrel from the borrowers perspective. Displaying "volume of recent loans" is meaningless. The demand for new orders has been consistently well ahead of borrower's seeking funds, therefore there has been no benefit to seeking an interest rate other than the minimum e.g. 7.5% on 5/7 year loans. However I note that shortly there will only be one rate per product anyway. Keep up the great work!

Would Recommend
4/5
Price
4/5
Customer Service
4/5
Investing Process
3/5
Would Invest Again
5/5

J
Jane
02/13/2020

I think you've done a good job of trying to make the process accessible and transparent but it is not that easy, or rather, it is slow to get your money into an investment. I realise why, but that part of the process is hidden and therefore feels secretive. There is the suspicion that you deliberately take a long time so you can have use of that money. Hatch, for example, puts any money in your account into an overnight fund and pays out on that. I would rather you did that and built a slightly higher fee into your returns because then I can see what's happening. Its hard to know, when your money has been sitting there for a couple of months at the lowest interest rate whether its better to leave it there in the hope that it'll be taken up shortly or take it out and invest it elsewhere.

Would Recommend
5/5
Price
4/5
Investing Process
3/5
Would Invest Again
5/5

D
Dan
02/07/2020 , Nelson

I would like the old option of 2. Years or 3 not left to chance

Would Recommend
5/5
Price
5/5
Investing Process
4/5
Would Invest Again
5/5

why Trust Verified Reviews?

Verified Reviews are real, authentic reviews collected from actual paying customers, using Shopper Approved's Verified Review Platform. When reviews are Verified by Shopper Approved, you know that you can trust them to make better buying decisions.

Unverified Reviews on the other hand, are reviews collected by Open Review platforms that allow anyone to leave a review, without any validation or proof of purchase. Unfortunately, most reviews you read online are Unverified Reviews, and can't be trusted.

As a consumer, here's how you can tell the difference:

Verified Reviews from Verified Review Platforms like Shopper Approved, have much higher review counts and higher overall Star ratings, because they attempt to collect reviews from every single paying customer.

Unverified Reviews from Open Review Platforms, tend to have much lower review counts and more negative Star ratings, because people with bad experiences are primarily those who leave reviews. This often creates a misleading, inaccurate portrayal of a companies true reputation.

So, when searching for Verified Reviews, look for the name you know you can trust. Shopper Approved.

Are you a Business?

See What Shopper Approved
Can Do For You

Inactive Business
Website

© 2022 ShopperApproved.com. All rights reserved. Learn more about Shopper Approved.

This Shopper Approved Customer Rating and Review Certificate was generated using independent survey information gathered by Shopper Approved, LLC © 2022