Rendity Crowdfunding Platform Shuts Down Amid Rising Investor Problems

The Austrian crowdfunding platform Rendity has attracted attention due to numerous problems. Overall, the proportion of funding rounds that go awry has increased among large operators.

The Austrian crowdfunding platform Rendity is ceasing operations. The website will remain accessible until at least the end of May. Through the platform, investors lent money for real estate projects and were supposed to receive interest and their principal back.

These were qualified subordinated loans. Investors can no longer enforce their claims if the payment threatens insolvency. In the event of insolvency, they only receive repayment after senior creditors have been repaid.

Numerous problem cases at Rendity and in the industry

At Rendity, many funding rounds don’t go as planned, for example due to insolvencies or delays. In our analysis of figures from autumn 2024, this applied to a good 40 percent of 166 funding rounds. Among real estate crowdfunding platforms, only Dagobertinvest had a higher rate, at just over half.

Our data was based on 2,760 investments, including subordinated loans, for which crowdfunding distribution documents were submitted to the Federal Financial Supervisory Authority (BaFin) between 2015 and 2022. Across the 17 largest operator groups, almost one in three funding rounds did not go according to plan. Currently, this applies to around 35 percent of these funding rounds, and for Rendity, it’s more than half.

Interest received later than agreed

Even with more recent funding rounds, which are no longer part of our investigation, things don’t always go smoothly. Rendity brokered the subordinated loan for Gustav-Freytag-Straße 3 in Berlin (photo) in 2023. Investors reported in the winter of 2026 that they received interest payments several weeks late.

Enforcing claims? Difficult

In many other funding rounds, investors wait much longer for their money, sometimes in vain. Rendity admitted in February that it had “only been successful to a limited extent in persuading borrowers to repay outstanding amounts or to regularly provide information.” It could now become even more difficult for investors to directly enforce their claims.

Who issues loss certificates?

With subordinated loans, there is no custodian bank to certify a final default, allowing investors to claim losses for tax purposes. Rendity referred inquiries to the direct debtors or the insolvency administrator. This could prove difficult.

Investor lawsuits continue

The Rendity Investors’ Association is critical of the platform’s role. Their group of plaintiffs intends to continue legal action against Rendity in Germany and Austria . According to them, the lawsuits are hindering the liquidation process. Joining the lawsuit is no longer possible; investors may have to take legal action themselves.

Rendity is not the only platform facing investor action. For example, in early March 2026, the Berlin Court of Appeal heard a lawsuit from an investor against the security trustee of Bergfürst, a platform also specializing in real estate.

Tip: Secure your money and information in time

Transfer money from your Rendity settlement account to your bank account by the end of May.

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(Featured image by Beatriz Miller via Unsplash)

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First published in Stiftung Warentest. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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