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$500 minimum, accredited-only marketplace for short-duration asset-backed private credit

Rates verified September 11, 2026View platform
Reviews onApp Store
1 review tracked

The Bottom Line

Best for

An accredited investor with an already-diversified core portfolio who accepts they may not get their money back on any single deal and wants short-duration, high-yield private credit exposure they can test at $500 per note rather than a large lump sum.

Minimum

$500

Biggest pro

Highest genuine deal-level transparency in the niche

Biggest con

Accredited investors only

At a glance

Rates verified September 11, 2026
Minimum investment
$500
Accreditation
Required
Fees
Up to 10% of interest earned on direct deals (charged against yield, not principal, disclosed per offering); Blended Notes ~1% management fee
Target return
Platform-reported 14.6% net on asset-backed deals after losses (LTM ended 3/31/26); current coupons roughly 11-19%
Liquidity
No secondary market; hold to maturity over 6-36 month terms
Founded
2018

Is it worth it?

~$1,460 a year on $10,000, if the target holds

A $10,000 stake at the platform-reported 14.6% target would generate roughly $1,460 a year before fees. Returns are not guaranteed: fees, defaults, and illiquidity reduce this, and platform-reported figures are not audited.

What Users Say About Percent

Percent is a legitimate, FINRA-registered marketplace that gives accredited investors unusually cheap access to short-duration private credit, with a $500 per-deal minimum and platform-reported net returns near 14.6% after losses. But the borrowers are the riskiest end of private credit, individual deals default and land in work-out, and its sub-1% loss record has never faced a recession. It suits a diversified investor who can afford to lose any single deal, not someone reaching for yield with money they need back.

Highlights

  • Lowest entry in accredited private credit at $500 per deal, versus $10,000 or more at most peers like Yieldstreet
  • Short durations, mostly 6 to 24 months, so capital recycles quickly instead of locking up for years
  • Platform-reported 14.6% net return after losses on asset-backed deals for the year ended March 31, 2026 (13.7% after losses and fees), with live coupons of roughly 10% to 20%
  • FINRA-registered broker-dealer since 2023 with deal-level transparency on borrowers and terms, and over $2 billion funded across roughly 1,000 deals since 2018
  • New secondary marketplace launched February 2026 offers a first, if unproven, path to exit before maturity

Limitations

  • Underlying borrowers are non-bank lenders (merchant cash advances, consumer, small-business, and Latin American fintech credit), the riskiest end of private credit, and individual deals default and enter work-out
  • Trustpilot reviews in 2025 and 2026 describe investors holding several positions in work-out simultaneously, delayed or stalled payouts, and doubts about Percent's borrower vetting
  • The sub-1% charge-off track record covers only one credit cycle and has never been tested by a recession; some reviews cite deal default rates of 1.9% to 2.5%
  • Liquidity is still effectively hold-to-maturity; the February 2026 secondary market runs on indications of interest, not guaranteed fills
  • Accredited investors only, and the 10%-of-interest service fee quietly trims the headline coupon on every deal

Editorial synthesis from industry coverage, product docs, and early user reports

Editorial policy

What is Percent?

Editorial review
Percent is an accredited-only marketplace for private credit, the loans that non-bank lenders make to small businesses, consumers, and fintechs. It is not a fund and not a savings product. You buy individual notes tied to specific borrower pools, most maturing in 6 to 36 months, at a $500 minimum per deal. That low entry point and the short durations are what set Percent apart from the rest of the accredited alternatives world. The numbers Percent reports look attractive on their face. For the twelve months ended March 31, 2026 the platform reported a 14.6% net return after losses on its asset-backed deals, or 13.7% after both losses and fees. Live coupons run roughly 10% to 20%, with a weighted-average yield around 14.4%. Percent says it has funded more than $2 billion across roughly 1,000 deals since 2018 for about 45,000 investors, and reports a charge-off rate under 1%. Treat all of these as platform-reported, self-calculated figures, not audited or third-party-verified returns; some independent reviews cite deal default rates closer to 1.9% to 2.5%. The fees are simple but real. On most single deals Percent takes 10% of the interest you earn as an investor service fee, so a 15% coupon nets closer to 13.5% before any losses. Its Blended Notes product, which spreads money across multiple deals, carries roughly a 1% management fee instead. The risks are the honest headline. The underlying borrowers are non-bank lenders, the riskiest end of private credit, and the collateral includes merchant cash advances, consumer loans, small-business credit, and Latin American fintech paper. Individual deals do default and go into work-out; Trustpilot reviews in 2025 and 2026 describe investors holding several positions in work-out at once, slow or stalled payouts, and doubts about the depth of Percent's borrower vetting. The sub-1% loss rate also spans only one credit cycle, so it has never been stress-tested by a real downturn. Liquidity is the other catch, though it is changing. Historically there was no way out before maturity. In February 2026 Percent launched a secondary marketplace, but it runs on indications of interest between accredited investors rather than a guaranteed order book, so you should still plan to hold every note to maturity and treat any early exit as a bonus, not a right. How it compares: the closest peer is Yieldstreet, now rebranded Willow Wealth. Yieldstreet spreads across roughly ten asset classes including real estate, art, and legal finance, but asks $10,000 on most direct deals, twenty times Percent's floor. Percent is the more focused, lower-minimum, shorter-duration choice if you specifically want private credit; Yieldstreet is the pick if you want one login across many alternative asset types. For hands-off, diversified exposure without picking deals, a listed BDC or an interval fund is the lower-effort alternative to both.

Pros and cons

Pros

  • Highest genuine deal-level transparency in the niche
  • Short durations limit rate risk
  • Low $500 minimum for the accredited space
  • No platform-level blowup to date

Cons

  • Accredited investors only
  • Underlying borrowers are non-bank lenders (MCA, LatAm SMB), the riskiest end of private credit
  • Deal defaults do occur and recovery can be slow
  • No secondary market; hold to maturity

Ratings Across the Web

5(1 reviews)

Ratings aggregated from independent review platforms. Learn more

Key details

Short-duration asset-backed deals (6-36 months)Blended Notes for one-click diversificationMonthly surveillance reporting on borrowersPer-offering fee disclosure charged against interest, not principalFINRA broker-dealer since 2023

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Percent FAQ

What is the minimum investment on Percent?

$500 per deal. Blended Notes offer one-click diversification across multiple deals at the same entry point.

Is accreditation required on Percent?

Yes. All Percent offerings are limited to accredited investors.

What are the risks of investing on Percent?

The underlying borrowers are non-bank lenders (merchant cash advance, consumer, LatAm SMB credit), the riskiest end of private credit. Individual deal defaults and charge-offs do occur and recovery can be slow, and there is no secondary market, so you hold to maturity. The platform-reported 14.6% net return (twelve months ended 3/31/26) is stated after losses.

What fees does Percent charge?

On most single deals Percent charges no management fee but keeps 10% of the interest you earn as an investor service fee, so a 15% coupon nets around 13.5% before any losses. Its Blended Notes product, which spreads your money across multiple deals, charges roughly a 1% annual management fee instead. There are no fees on uninvested cash held in the account.

Can I sell my Percent investment early?

Historically no; notes were hold-to-maturity over 6 to 36 months with no secondary market. In February 2026 Percent launched a secondary marketplace where accredited, verified investors can indicate interest in buying or selling eligible positions. It is new and matching-based, not a guaranteed order book, so assume your money is locked until each deal matures and treat any early exit as a bonus rather than a right.

Is Percent legit and safe?

Percent is a real, FINRA-registered broker-dealer (since 2023) that has funded over $2 billion across roughly 1,000 deals since 2018, so the company itself is legitimate. Safe is a different question: these are high-risk, illiquid, accredited-only private credit notes, individual deals do default (2025 and 2026 Trustpilot reviews describe positions stuck in work-out and slow payouts), and the platform's sub-1% loss record has not lived through a recession. Legitimate, yes; low-risk, no.

Source: percent.com

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