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 $10 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 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

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107 Verified Customer Reviews

107 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
36
(33.6%)
4 Shopper Approved - Review Star
42
(39.3%)
3 Shopper Approved - Review Star
22
(20.6%)
2 Shopper Approved - Review Star
4
(3.7%)
1 Shopper Approved - Review Star
3
(2.8%)

Would Invest Again
4.3
5 Shopper Approved - Review Star
66
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
37
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
46
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
36
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 $10 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 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
P
Philip
08/02/2017 , Auckland

1st time user/investor of the platform and I was a bit hesitant especially when it came to transferring money into the trust account. Hope a basic tutorial can be included to help with navigating basic processes and terminology for new members. If there is, I missed it then! I got it eventually and find it easy to use. On another note, if it were a marketplace, why is there a cap on interest rates? Are investors to assume that all borrowers are of the same credit with only the length of borrowing different? The 3 and 5 year rates are almost similar but investors return seems limited when taking on a higher risk. Great start anyway and looking forward to better features and well performing investments. Perhaps include borrowings for 6months-1year? Thanks!

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

J
Jane W.
07/12/2017 , Auckland

Once I figured out how to use the online platform it was fine, but it is not all that obvious and it did take me a while to understand it.

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

N
Neil W.
07/10/2017 , Pohara

I notice that there is quite often a lot more investor money waiting than there are eligible borrowers. In a way, this is reassuring because it seems to suggest that Squirrel is being very careful about its vetting. I do wonder whether there might be a case for investigating another form of marketing. I am a member of NZCNA (the NZ Community Newspapers Assn). I know that some nationwide businesses have mounted campaigns through the little community papers at very cost-effective rates. The associations members are spread right across the country in urban and rural areas and their papers go into households where they are read by more people than read metro dailies. I could put you in touch with someone who could give you a quote and explain the reach etc.

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

P
Peter C.
07/09/2017 , Palmerston North

While it did take a bit of percerverance to get the my personal details and the account verified,it was more due to my lack of knowledge of my computer operation than your systems.
Charles Chen was very helpful to me through the process with his patience and prompt followups,both on the telephone and emails.He also assisted me to get the hang of the actual investing page,which when looking back with the wisdom of hindsight,was pretty straightforward.
For me,this is a trial investment to see how things go.
The real sustainability will be when the cold winds of a rescession blow through the country.
I am prepared to percervere with J.B's innovative investing,based on his experience in banking and I believe,. considerable business acumen.
I thoroughly read through his investor information twice before taking it further to other comprehensive details on offer,without rushing into any hasty descisions.
From first hearing J.B at the P.Nth roadshow evening it was about 2.5 mths until I actually invested.GOOD THINGS TAKE TIME,as the cheese advert says.
I am looking forward to more investments in the future.
Thankyou to the Squirrel team.

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

S
Stephen B.
07/04/2017 , Tauranga

Just a comment, it would be helpful if the emails saying: "Sit back your Squirrel investment..." not only said the amount but the term and interest rate.

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

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