What happened to Moncera?

Moncera was a small, single originator P2P platform tied to Placet Group that ran for roughly five years, moved about €40 to 45m of loans, never blew up, and has now quietly shut down with an official “project discontinued” message on its homepage.

Below is a retrospective: who was involved, how it worked, how it performed, and what we can (and can’t) say about the shutdown.

TL;DR

1. Bottom line: Moncera was a captive funding platform for Placet Group consumer loans in Estonia and Lithuania, launched in 2020 and officially discontinued by 2025.
2. Primary risk (in hindsight): Extreme dependence on a single loan group and, after 2021, full ownership by that same group - i.e., if Placet sneezed, Moncera caught pneumonia.
3. Key differentiator: A very investor-friendly product design (30-day buyback + “one-click exit” with a 0.5% fee) built on top of an unusually profitable, conservatively funded loan originator.
4. Investment thesis (if you were looking at it back then): A niche satellite position for investors already comfortable with Placet Group risk - but never something you’d diversify with, because diversification inside the platform basically didn’t exist.

Now let’s unpack what actually happened.

How Moncera Worked

Think of Moncera as Placet Group’s private funding tap rather than a true marketplace.

Step-by-step model

• Loan supply: All consumer loans on Moncera came from Placet Group’s subsidiaries in Estonia and Lithuania (brands like SMSmoney, Credit24, etc.).
• Platform wrapper: Moncera OÜ operated the website and investor interface from Tallinn, Estonia, under an authorisation from the Estonian Financial Intelligence Unit (FIU) to provide financial services (license noted as FIU registration in early interviews).
• Investor flow: Retail investors transferred money to accounts operated via the payment institution Lemonway and then allocated funds into individual Placet Group loans (or via Auto Invest). 
• Promised mechanics for investors:
• Interest rates from 10 to 12%.
• 30-day buyback guarantee on all loans, provided by the loan originator (Placet Group entities).
• “One-click exit”: Placet would buy back your loans at par minus a 0.5% fee on outstanding principal (plus loss of only the accrued interest since last payment).
• No secondary market; the exit option was your liquidity.

Moncera was a front-end on Placet Group’s balance sheet. The “buyback” and “one-click exit” were contractual promises from a single, very specific counterparty.

The People Behind It

Founders and early setup

Moncera OÜ was incorporated in Estonia in December 2019 with a share capital of €150,000 and business activity classified as “other activities auxiliary to financial intermediation” by CEO Dmitri Pavlov and co-founder Aleksey Telitsyn. So at the start you basically had: two Placet-adjacent insiders building a platform that exclusively funded Placet loans.

Shift to full group control

That independence didn’t last. Placet Group’s consolidated reports state that Moncera OÜ was acquired as a 100%-owned subsidiary in 2021, making it fully part of the group structure.

From that point, Loan originator and platform were under the same corporate umbrella. The already tight relationship became total control, with Placet deciding how much loan volume to channel via Moncera, what margin to pay the platform, and whether the one-click exit remained on or off.

There’s no evidence of hidden side companies or legal action around Moncera’s management.

The Numbers: Volumes and Financial Health

Platform scale and investor base

P2P Platforms reported around €43m of loans funded and 3,500+ investors by early 2025, with average investor returns quoted around 10.4%.

This puts Moncera firmly in the “small but not tiny” bucket: meaningful for Placet’s funding mix, but nowhere near a Mintos- or PeerBerry-scale marketplace.

Moncera OÜ financials (2022–2024)

Estonian registry data (as summarised by Okredo) gives us three key years:

2022

• Turnover: €217,798
• Net profit: €60,833
• Equity (year-end): €267,407
• Employees: 3

2023

• Turnover: €179,700
• Net profit: €95,173
• Equity (year-end): €362,580
• Employees: 3

2024

• Turnover: €48,178
• Net profit: -€181,693
• Equity (year-end): €180,887
• Employees: 3

If you spread that 2024 loss evenly, you’re looking at a burn rate of ~€15k/month, with end-year equity of ~€181k. Roughly speaking, they had a bit over a year of runway left at that burn rate if nothing changed and no additional capital came in. In reality, Placet, as the 100% owner, could choose to top up or simply stop the experiment.

On the balance sheet side: Assets ~€208k and liabilities ~€28k at end-2024 still imply positive equity and no obvious insolvency or over-indebtedness. A tax/credit check from July 2025 shows no tax arrears and no enforcement actions against Moncera OÜ, reinforcing the picture of a solvent wind-down rather than a default.

In other words: Moncera didn’t die because it ran out of money overnight. It was shut down as a business decision once the economics no longer justified keeping a separate platform alive.

The Shutdown

As of late 2025, the moncera.com homepage has been replaced by a simple message: “Thank You for Being with Us… At this time, the project has been officially discontinued. If you have any questions, feel free to contact us at info@moncera.com”

There is no parallel statement from regulators (no warnings or license withdrawals popping up in Estonian registers). There are no prominent blog posts or forum threads about investors being stuck during the exit. The latest financial year (2024) shows positive equity and modest liabilities – again pointing to a controlled decision to stop, not a crash-landing.