The European Investment Bank (EIB) Group via the European Investment Fund (EIF) has partnered with the Lendix SME lending platform to increase crowdlending for European businesses.
Through the joint investment, EIB Group will provide €18.5m for French and European businesses.
As a result of the funding, the joint investment fund associated with the Lendix platform now has a capacity of €90m for lending to SMEs in France, Spain and Italy.
Bruno Le Maire, France's minister for the economy and finance, said: “The signature of this project sends out a strong signal: through the EIB Group, the European Union is active in France, helping to finance innovative, promising projects.
“We are committed to our entrepreneurs.
“The French sector of excellence of fintechs and start-ups – of which Lendix is one of numerous examples – will multiply its impact thanks to EU capital.
“It is the very symbol of Europe investing in its future.”
After a little over two years of activity, Lendix has helped to raise €95m in loans, with retail investors including Bpifrance, CNP Assurances, Groupama, Zencap AM (OFI Group), Matmut and the “Prêtons Ensemble” (Lending Together) fund managed by Eiffel Investment Group.
Olivier Goy, CEO and founder of Lendix, said: “We are thrilled to welcome the EIB Group on board as a lender to Lendix.
“In addition to retail and institutional investors, we are now seeing top-ranking public institutions join us in support of the real economy.”
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