Grupeer was a peer-to-peer lending platform founded in Latvia, designed to connect investors with loan originators, primarily focusing on real estate development and business loans. Launched publicly in early 2017, the platform gained traction across Europe by offering seemingly high returns. However, in March 2020, Grupeer abruptly suspended operations, initially citing the COVID-19 pandemic as the cause. This suspension was followed by a lack of communication, widespread investor complaints, allegations of fraudulent activities, misrepresentation of loans, and missing funds. The platform became unresponsive, leading to substantial financial losses for thousands of investors and triggering multiple investigations into its operations and founders.
The headquarters managed Grupeer's P2P lending platform, including technology development, investor relations, marketing efforts, and coordination with various loan originators.
Specific details about notable features of Grupeer's physical office space are not widely publicized and are largely irrelevant given the company's defunct status.
Information regarding the specific work culture at Grupeer is limited. As a fintech startup in the P2P lending sector, it likely fostered a fast-paced, growth-oriented environment prior to its collapse. Post-collapse, any discussion of culture is overshadowed by legal and ethical concerns.
The Riga headquarters was significant as the operational base from which Grupeer managed its international P2P lending platform, attracting investors from across Europe. Its eventual failure made it a significant case study for the risks involved in the P2P lending industry and the importance of regulatory oversight.
As an online P2P lending platform, Grupeer's services were accessible to investors primarily across Europe. The platform featured loans from various loan originators based in countries such as Latvia, Belarus, Norway, and others, indicating an operational reach in terms of loan sourcing. Its investor base was international, with individuals from numerous European countries participating on the platform before its cessation.
Duntes iela 15A
Riga
N/A
Latvia
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As of April 2025, Grupeer' leadership includes:
Grupeer has been backed by several prominent investors over the years, including:
Grupeer ceased operations in March 2020. Consequently, there have been no executive hires or exits in the traditional sense over the past 12 months. Any news concerning former executives primarily relates to ongoing investigations and legal proceedings following the platform's collapse and significant investor losses.
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While Grupeer is no longer operational and its email servers are inactive, its business email formats likely followed common corporate patterns. These would have been used for platform notifications, investor support, and other business communications.
[first].[last]@grupeer.com
Format
andrejs.kisiks@grupeer.com
Example
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P2P Empire • March 30, 2020
Grupeer suspended all platform operations and payments in late March 2020, officially attributing the decision to the economic impact of the COVID-19 pandemic. This move, however, quickly raised alarms among investors due to lack of clear communication and pre-existing doubts about some loan originators....more
LSM.lv (Latvian Public Broadcasting) • July 6, 2020
Following numerous complaints from investors who lost funds, Latvian state police initiated a criminal investigation into the activities of P2P lending platform Grupeer. The investigation focuses on allegations of large-scale fraud and money laundering....more
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