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Short answer
Fellow Funders is a crowdfunding service provider registered as No. 2 with Spain's securities regulator, the CNMV, with a minimum of €1,000 per project and an average historical IRR of 12.4% calculated only on finished projects. Reental offers tokenised stakes in property projects from €100, does not appear in that register, and an exit depends on another user buying. Neither guarantees your capital, neither publishes a comparable default rate, and their returns cannot be subtracted from each other.
Platform data reviewed on 3 November 2026. Reental figures as of 4 November 2026, provided by the company. Reental is one of the two parties compared and therefore an interested party: every figure carries its source and date, and we say what we could not check. This page does not recommend one platform over the other. Quotations from Spanish-language sources are our translation.
What is Fellow Funders?
Fellow Funders is a Spanish crowdfunding platform. It is listed as No. 2 in the CNMV register of crowdfunding service providers, with a registration date of 10 November 2022, and its website says it operates under Regulation (EU) 2020/1503. It is not exclusively a property platform: its website lists four sectors (agriculture, real estate, private equity and energy), and Finect describes it as an equity crowdfunding platform, founded in 2016, with real estate, alternative investment and real economy projects such as farms. The website does not detail the legal structure of each product, so read the documentation for each project before investing.
According to its website, the minimum investment is €1,000 per project, and the platform declares more than €60 million invested, more than 90 projects and 4,800 active investors (3 November 2026). These are self-declared figures. Finect mentions more than 35,000 investors without defining the term; the two numbers may count different things and we do not reconcile them. The investor, the website says, pays no entry, management or exit fee: Fellow Funders charges the developer when the project reaches its funding target.
The website presents it as part of Orbyn Group. According to the 2024 Universo Crowdfunding report, it merged with Dozen Investments into Grupo Orbyn; the Fellow Funders website does not mention that merger.
What is Reental and what is its legal framework?
Reental tokenises property projects and each token is worth €100. According to its FAQ, in the US it tokenises interests in an LLC that owns the property, and in Spain, tokenised securities representing credit rights under a participating loan. Returns are paid monthly in USDT, with an option to reinvest (reental.co).
Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor.
According to the data Reental provided (4 November 2026), the minimum investment is €100 and the average historical IRR is 16.5%. It has tokenised a cumulative total of about €106.9 million (approx. $124M) across 128 projects. Of these, 77 are current and total about €87M (approx. $101M): 50 operating, 20 under renovation, 6 under construction and 1 in funding (Miami 7, with $1.19M of $2M, or 59.7%). The other 51 are closed and total about €19.9M. Reental declares that it has no public incidents. These are company data, not audited by third parties.
Reental vs Fellow Funders in one table
The table shows what each one publishes, with dates. The figures are not measured in the same way, so we do not subtract one from the other.
| Aspect | Fellow Funders | Reental |
|---|---|---|
| What you buy | Stakes in projects across several sectors (agriculture, real estate, private equity and energy), according to its website. Legal structure not detailed on the website. | Tokens representing stakes in property projects. In the US, interests in an LLC that owns the property; in Spain, tokenised securities representing credit rights under a participating loan (Reental FAQ). |
| Minimum investment | €1,000 per project (website, 3 November 2026). | €100 (1 token = €100), according to Reental, 4 November 2026. |
| Published return | Average historical IRR of 12.4%, calculated only on finished projects (website, 3 November 2026). Finect cites up to 18% annualised in some projects, as a non-guaranteed target. | Average historical IRR of 16.5%, declared by Reental as of 4 November 2026. Estimated per project: 9.5% to 12% a year on the cards visible at reental.co/properties on 3 November 2026. Measures of a different nature from those of Fellow Funders. |
| Payout of returns | Not stated in the pages reviewed. | Monthly, in USDT, with an option to reinvest. |
| Term | The website does not state it. Finect speaks of medium to long term, with capital tied up until each operation closes. | Depends on the project. One website example: 8 months for Madrid 7. |
| Default or late payment published | Does not publish a default rate. We have not found any sanctions in the searches we ran. | Reental declares that it has no public incidents (4 November 2026). We have not found a default table in the pages reviewed. |
| Fees to the investor | None for entry, management or exit, according to its website (it charges the developer). | See reental.co |
| Legal framework | Registered in the CNMV register of crowdfunding service providers (No. 2, 10 November 2022). | Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. |
| Capital guarantee and risk warnings | Its website warns that returns are not a guarantee of payback, of the possible total loss of capital and of illiquidity risk. | No guarantee appears in the pages reviewed. Its risk warning refers to total or partial loss of capital. |
| Exit before maturity | No secondary market, according to Finect. The website does not mention one. | Direct sale to another user on the platform. Not guaranteed: it depends on there being a buyer. |
| Scale (self-declared) | More than €60M invested, more than 90 projects and 4,800 active investors (3 November 2026). | About €106.9M (approx. $124M) tokenised across 128 projects: 77 current (about €87M) and 51 closed (about €19.9M), according to Reental as of 4 November 2026. A different measure from that of Fellow Funders. |
What each return figure measures
Fellow Funders shows an average historical IRR of 12.4% and states that it is calculated on projects that have already finished. By construction, that leaves out projects that are still open or have not paid back as planned, so it describes what closed operations returned and not what investors as a whole earned. The website does not explain how it is calculated or whether it is before or after tax. The figure of up to 18% annualised that Finect reports is a target for some projects, not a result.
Reental declares an average historical IRR of 16.5% (4 November 2026). It is a figure from the company itself, and it has not specified whether it is gross or net, so we do not put it next to the 12.4% or calculate a difference. Both are historical aggregates with their own definitions, and neither platform publishes a uniform net return that includes defaults and pending projects. Past returns are not a reliable indicator of future ones.
Registered or not: how the risk changes
With a crowdfunding service provider such as Fellow Funders, Regulation (EU) 2020/1503 places obligations on the platform and gives non-experienced investors protections such as a knowledge test and a reflection period (articles 21 and 22 of the Regulation). We have not reviewed how Fellow Funders applies them in practice. Being registered shows that the platform is on the register; it does not mean the CNMV approves each project or that your capital is guaranteed. The providers we reviewed warn that there is no deposit or investor guarantee fund, and the Fellow Funders website warns of the possible total loss of capital.
The risk of each individual project (developer, asset, timing, market) exists on both platforms. At Fellow Funders there is no published default rate to estimate it with, and the IRR counts only finished projects. At Reental it depends on the structure of each project: the US property, or the terms of the participating loan in Spain, which appear on each project page.
Terms and liquidity: when you can get out
Fellow Funders does not state terms on its website. Finect places it in the medium to long term, with capital tied up until each operation closes, and says it has no secondary market. At Reental you can try to sell your tokens to another user on the platform, but nothing guarantees a buyer, a price or a timeframe. The website advertises selling around the clock on a P2P marketplace, but on 3 November 2026 the "P2P Marketplace" menu link did not lead to any page. Money you may need in the next two years does not fit well with either.
What can and cannot be checked about Fellow Funders
You can check that it is listed as No. 2 in the CNMV register and that our searches found no public sanctions. You cannot check from published data its default rate, its average term or how its IRR is calculated, because the website does not provide them. Whether it is "reliable" cannot be certified: it depends on each project and its results.
Before investing in either, check the name on the CNMV register, read the documentation for the specific project and ask the platform for the actual default rate and terms if it does not publish them. With Fellow Funders, also confirm the sector and structure of each operation, because not all of its offer is real estate.
Which investor each platform suits
Neither wins on every point, and this is not a personal recommendation. Fellow Funders suits you if you want to enter projects on a platform listed in the CNMV register, with a minimum of €1,000 per project, and you accept that it does not publish a default rate, that the horizon is medium to long term, that there is no secondary market according to Finect, and that its IRR comes only from finished projects. Reental suits you if you are interested in a tokenised stake from €100, with monthly payments in USDT, and you accept that its legal framework is not that of a crowdfunding service provider, that liquidity depends on another user buying, and that its average historical IRR cannot be compared with that of Fellow Funders.
The two can sit in the same portfolio, each with an amount you are prepared to lose in full. For the whole market, read the best real estate crowdfunding platforms. To compare Reental with a loan platform that publishes a default table, see Reental vs Civislend, and for another provider offering equity and debt, Reental vs Urbanitae.
Frequently asked questions
What is the difference between Reental and Fellow Funders?
Fellow Funders is a crowdfunding service provider registered as No. 2 with the CNMV, with a minimum of €1,000 per project and an offer that its website splits across agriculture, real estate, private equity and energy. Reental offers tokenised stakes in property projects from €100, with monthly payments in USDT and direct sale to another user on the platform. Reental does not appear in the register of crowdfunding service providers.
Is Fellow Funders reliable?
It is listed as No. 2 in the CNMV register (10 November 2022) and our searches found no sanctions. It does not publish a default rate, its 12.4% IRR counts only finished projects, and its website warns of the possible total loss of capital and of illiquidity risk. The reliability of each investment depends on the project and cannot be certified.
What return does Fellow Funders publish?
Its website shows an average historical IRR of 12.4%, calculated only on projects that have already finished. Finect cites up to 18% annualised in some projects as a non-guaranteed target. The average historical IRR of 16.5% that Reental declares is of a different nature and is not directly comparable.
What is the minimum investment at Reental and at Fellow Funders?
At Reental, €100 (1 token = €100), according to the company. At Fellow Funders, €1,000 per project, according to its website (3 November 2026).
Does Fellow Funders invest only in property?
No. Its website lists four sectors: agriculture, real estate, private equity and energy. Finect adds crowdequity and farming projects. For that reason, check the sector and structure of each project before investing.
Does Fellow Funders charge fees to the investor?
According to its website, no: the investor pays no entry, management or exit fee, and the platform charges the developer when the project reaches its funding target.
Can I sell my investment before the project ends at Fellow Funders or Reental?
At Fellow Funders, according to Finect, there is no secondary market, and its website does not mention one. At Reental you can sell to another user on the platform, but a buyer, price and timeframe are not guaranteed, and its risk warning refers to the lack of liquidity.
Does Fellow Funders publish its default rate?
We have not found a default rate on its website. It publishes only the average historical IRR of finished projects, which by construction does not capture pending projects. There is also no official default figure for the sector. Reental declares that it has no public incidents, which is not the same as a default rate.
What is the relationship between Fellow Funders, Orbyn and Dozen Investments?
Its website presents it as part of Orbyn Group. According to the 2024 Universo Crowdfunding report, Fellow Funders and Dozen Investments merged into Grupo Orbyn. The Fellow Funders website does not mention the merger and we have not been able to confirm the details with another source.
Is Reental authorised by the CNMV like Fellow Funders?
Not in the same way. Fellow Funders is listed in the CNMV register of crowdfunding service providers as No. 2. Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor.
Risk warning
Investing in real estate projects or stakes can mean the total or partial loss of your capital, a lack of liquidity and not achieving the expected return. Past returns do not guarantee future ones. Neither Fellow Funders nor Reental offers a capital guarantee, and this page is not financial, tax or legal advice: consult a professional before investing. Reental is one of the parties compared in this text. Reental's figures are data provided by the company (4 November 2026); third-party figures are self-declared by each platform or come from the press, and are subject to change.
Sources
- Fellow Funders, website (2026-11-03 (re-read on 2026-11-04)): Minimum €1,000 per project, average historical IRR 12.4% of finished projects, more than €60M, more than 90 projects, 4,800 active investors, no investor fees, four sectors, part of Orbyn Group, risk warnings.
- CNMV, register of crowdfunding service providers (2026-11-03): Fellow Funders PSFP No. 2, 10/11/2022; Reental does not appear.
- Finect, best real estate investment platforms (2026-11-03 (re-read on 2026-11-04)): Equity crowdfunding since 2016, up to 18% annualised as a target, medium to long term, no secondary market, more than 35,000 investors.
- Universo Crowdfunding, 2024 report (2026-02): Merger of Fellow Funders and Dozen Investments into Grupo Orbyn.
- Regulation (EU) 2020/1503 (EUR-Lex) (consolidated text): Arts. 21 and 22: knowledge test and reflection period.
- Reental, FAQ (2026-11-03): Structure, liquidity, payments.
- Reental, projects (2026-11-03): Estimated returns per project.
- Reental, home page (2026-11-03): Monthly payments in USDT.
- Reental, data provided by the company (2026-11-04): €100 minimum, average historical IRR 16.5%, €106.9M across 128 projects, 77 current, 51 closed, no public incidents declared.
