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Scramble Referral Code
Interested in peer-to-peer (P2P) investing? Check out Scramble, a platform that connects investors with high-growth consumer brands looking for funding. At the end of the page, you’ll also find a €5 bonus code to kickstart your investment journey with Scramble.
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What is Scramble?
Scramble is a European-based fintech company headquartered in Tallinn, Estonia, established in 2020. Operating as a peer-to-peer lending platform, it connects investors with consumer goods brands seeking growth capital. The platform holds an ECSP license (number 14991448) and has garnered support from investors, including senior executives from prominent tech companies like Facebook, Skype, and Miro.
Who Can Invest in Scramble?
Scramble is open to investors from various European countries and beyond. Here’s who can invest and eligibility criteria:
1. Individuals & Businesses:
• Both private investors and corporate entities can invest.
• Must have a verified bank account for transactions.
2. Geographical Restrictions:
• Primarily available to European investors.
• Investors outside the EU may need an EU-based bank account to facilitate withdrawals.
3. Minimum Investment:
• Starts at €10, making it accessible to small investors.
4. KYC & Compliance:
• Investors must pass Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Requires identity verification with a passport or national ID.
5. Payment Methods:
• Deposits can be made via bank transfer or credit card.
What are Limitations of Scramble?
Sramble offers an interesting investment opportunity, but it does come with limitations and risks. Here are some key drawbacks to consider:
1. Limited Liquidity
• Investments are tied up for at least 6 months, meaning you cannot withdraw your funds before the loan term ends.
• There is no secondary market, so you cannot sell your investment early.
2. Risk of Borrower Default
• Although Scramble conducts due diligence, there is still a risk that brands may fail to repay loans.
• Personal guarantees from co-founders can reduce risks, but they don’t eliminate them completely.
3. Geographical Restrictions & Banking Issues
• Investors outside the EU may face challenges in withdrawing funds due to banking restrictions.
• Scramble has advised some users to open EU-based bank accounts for easier transactions.
4. No Buyback Guarantee
• Unlike some peer-to-peer lending platforms, Scramble does not offer a buyback guarantee, meaning investors bear the full risk if a borrower defaults.
5. Market & Business Risks
• Scramble focuses on consumer goods brands, which can be affected by market downturns, competition, or economic slowdowns.
• If a brand underperforms, investors may lose part or all of their investment.
6. Relatively New Platform
• Established in 2020, Scramble is still a young company, meaning it lacks a long track record of success.
• Long-term reliability is yet to be fully proven compared to more established investment platforms.
7. Regulatory Risks
• Scramble is regulated under the ECSP license, but financial regulations can change.
• There’s always a risk of increased regulatory scrutiny affecting operations or investor protections.
Is Scramble Legit?
As mentioned earlier, Scramble is a relatively new platform, and like any investment, it comes with risks. While it operates under an ECSP license and has received positive reviews, investors should always conduct their own due diligence. To learn more about other people’s experiences, check out these reviews:
Scramble Bonus Code
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Whether you’re a beginner investor or an experienced one looking to diversify, Scramble provides an easy-to-use platform with low minimum investments (starting at just €10) and potential returns of up to 12% annually.
