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

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101 Verified Customer Reviews

101 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
34
(33.7%)
4 Shopper Approved - Review Star
40
(39.6%)
3 Shopper Approved - Review Star
20
(19.8%)
2 Shopper Approved - Review Star
4
(4%)
1 Shopper Approved - Review Star
3
(3%)

Would Invest Again
4.3
5 Shopper Approved - Review Star
63
4 Shopper Approved - Review Star
22
3 Shopper Approved - Review Star
7
2 Shopper Approved - Review Star
5
1 Shopper Approved - Review Star
4
Price Satisfaction
4.1
5 Shopper Approved - Review Star
35
4 Shopper Approved - Review Star
47
3 Shopper Approved - Review Star
16
2 Shopper Approved - Review Star
1
1 Shopper Approved - Review Star
2
Would Recommend
4.0
5 Shopper Approved - Review Star
43
4 Shopper Approved - Review Star
31
3 Shopper Approved - Review Star
19
2 Shopper Approved - Review Star
5
1 Shopper Approved - Review Star
3
Customer Service
4.0
5 Shopper Approved - Review Star
21
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
33
4 Shopper Approved - Review Star
28
3 Shopper Approved - Review Star
20
2 Shopper Approved - Review Star
12
1 Shopper Approved - Review Star
8

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
P
Pat
06/28/2017 , Auckland

Very happy to invest. Good Peer to Peer experience.

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

J
Joanne N.
06/22/2017 , Wellington

I find it a bit unclear about how to invest and what the different options are eg auto bid vs invest now. What is the difference and why would you choose one of these over the other??

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

A
Anonymous Customer
06/16/2017 , Helensville

Hi there, a minor improvement would be to be able to see the dollar amounts that have been bid by investors at the various interest rates. This would give you some idea how likely your bid is to go through when looking at the amount of qualified borrowers. Overall seems to be a excellent platform.

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

S
Simon
05/17/2017 , Nelson

The website is good and informative. It is dissapointing that the minimum investment each time is $500.00 as this places quite a bit of trust with Squirrel not to get a dud borrower, and reduces the ability of a lender to spread risk a little better. It would be preferable if the minimum was $100.00. I am giving Squirrel a trial for a while in comparison with the other Peer to Peer lenders to try to get a better idea on who can be trusted, and how fees actually impact returns. The Squirrel fees seem to be "fudged " as there seems to be a deduction against principal repaid, as well as interest repaid. I will be interested to see how that works out as it is wrong in my view to make deductions against principal repayments, if that is in fact the case. Fees should in my view only be against interest actually earned.

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

M
Michael S.
05/13/2017 , Auckland

The user interface needs work,
but the underlying idea is great.

Would Recommend
4/5
Price
4/5
Investing Process
2/5
Would Invest Again
5/5

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