October, formerly Lendix, stands at the forefront of French crowdlending, offering businesses quick and easy access to loans from individual lenders. With fixed interest rates ranging from 4.0% to 9.0%, October facilitates loans with durations spanning 3 to 84 months, ranging from €30,000 to €1,500,000. Boasting a low default rate of 1.28% as of January 14, 2024, October is a preferred platform for both individual and institutional investors. Recognized for its commitment to quality projects, the platform, led by a seasoned team, has expanded its footprint to Spain and plans further growth in Italy.
Basic information
Licence/regulation: October IFP is registered as an intermediary in participatory financing (IFP) under registration number 15000364 on the registry of ORIAS and agent of Lemon Way payment service provider under registration number 69593 on the registry of REGAFI.
For Investors
Useful Information
What is October?
October, formerly known as Lendix, is a French crowdfunding platform founded in 2014 by Olivier Goy. Specializing in crowdlending, October facilitates easy and quick borrowing for businesses from individual lenders. The platform allows businesses to borrow at fixed interest rates determined by analysts, typically ranging between 4.0% and 9.0%. October is known for its meticulous project analysis and selection process, making it a leader in the European crowdlending space.
What are the key statistics for October's performance?
As of January 14, 2024, October boasts a default rate of 1.28%. The platform has facilitated over €400 million in total loans across 812 funded projects. With a focus on supporting profitable businesses with a revenue exceeding €400,000, October has become a leader in the European crowdfunding landscape. The platform's commitment to transparency is evident in the detailed statistics, fostering trust among lenders and contributing to its positive reputation in the market.
How does October mitigate risks for lenders?
October employs a rigorous project analysis and selection process, thoroughly examining both quantitative and qualitative aspects of borrowing businesses. The platform encourages lenders to diversify their investments, spreading risks across various projects. Additionally, October provides detailed project information, including the type of project, loan type, and interest rate, allowing lenders to make informed investment decisions and manage their portfolios effectively.
How does October work?
October operates as a crowdfunding platform that connects businesses in need of financing with individual lenders. The platform conducts thorough analyses of each project, categorizing information into quantitative and qualitative data. Borrowing businesses are carefully vetted, and their projects are presented in a standardized format for easy comparison. Lenders can review project details, including the type of project, the offered loan type (amortizable, in-fine, or extended), and the annual interest rate. October emphasizes diversification to limit risks for lenders and offers a user-friendly online experience for account management
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