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Bienprêter is a French platform where you lend to French small businesses. It is run by ULENDS SAS, a company founded in 2017 and based in Trets, near Marseille, and has arranged loans since 2018. It calls its product crowdfactoring, a mix of crowdlending and invoice finance, but you do not buy invoices: you lend to the business itself. €456.4 million has been lent across 5,008 projects since 2018 (26 October 2026), and the platform counted 63,353 registered lenders in August 2026. Lending has grown fast: about €73 million in 2024, €153 million in 2025 and €168 million so far in 2026.
Each project is a loan to one business, in real estate, services or building trades. You lend from €20 per project, by hand or through automatic investing; rules published in 2024 cap each lender at €2,000 per project. Interest is paid monthly. The loans last 13 months on average, and loans made in 2026 are written for 17 months on average. Before your first loan you take a knowledge test and a loss simulator, as the EU crowdfunding rules require.
Bienprêter reports a net return of 12.44% a year on all loans since 2018 (26 October 2026). "Net" here means after the platform's charges only: because it records no losses at all, nothing is taken off for loans that went wrong. The average interest rate written into the loans is 13.65%, and the home page advertises up to 14% (August 2026). Rates have risen: the net return was 11.94% for loans made in 2023, 13.09% for 2024 and 13.30% for 2025. The 15.21% shown for 2026 loans means little yet, as only 6.5% of that money has been repaid. French residents have 31% tax withheld from interest at source.
The platform reports zero on every measure for every year since 2018: 0.00% default rate, 0.00% cost of risk, no definitive losses, no loans late and no borrowers in insolvency proceedings (26 October 2026). We do not take this at face value. In January 2023 the platform itself showed a 1.13% default rate for years it now shows as zero, without explaining the change. Independent analysts name at least seven financed companies in French liquidation or insolvency proceedings, and one borrower took €520,000 through 24 loans while it had been in court-supervised restructuring since October 2023. Several analysts report that the platform repays lenders itself when a borrower fails, instead of recording a default. If that is so, the zero figures describe the platform's willingness to pay, not the quality of the loans.
Security is set loan by loan. It is usually a personal guarantee from the company's director, and on some loans a pledge or a mortgage; the platform lists eleven possible kinds of security. Some projects have been advertised as fully covered by a credit insurer that is not named. There is no buyback promise in the contracts, and no figure for the value of the security against the loan or for money recovered from failed loans is published.
In practice your protection seems to rest on ULENDS covering failed loans out of its own money. ULENDS's 2025 accounts, as reported by independent analysts, show about €0.8 million of equity against €43.2 million of debt, which is thin for a company with €224 million of loans outstanding. Historically about half of all lending went to Promup, a property marketing company founded by the platform's president; no current figure for how much goes to the largest borrowers is published.
ULENDS SAS has been authorised by France's financial markets regulator (AMF) as a European crowdfunding service provider since 24 November 2023 (number FP-2023-38), for arranging loans. No AMF sanction or warning against it was found (August 2026). The company publishes yearly indicators on loan outcomes, as the EU rules require, but no audited accounts, default definition or recovery figures.
The pages we checked list no entry, management or withdrawal fee for lenders. Selling a loan early on BP Flex, the resale market, costs the seller 3% of the amount sold; buyers pay nothing (October 2026).
Most loans repay within about a year. To leave earlier you can offer your loan on BP Flex, where other lenders can buy it from €20; buyers have four days to withdraw. A sale depends on someone wanting to buy and is not assured, and no figures on how much is traded are published. Lenders' cash is held by a regulated payment institution, Mangopay since April 2026. In January 2026, under the previous provider, more than 9,000 lenders' accounts were blocked during an identity re-check, some until February.
Return: Very High — 12.44% a year since 2018 on the platform's own figures, though nothing is deducted for losses. Risk: Medium (higher means more risk) — the published figures say no money has ever been lost, but they conflict with the platform's own earlier 1.13% and with named borrowers in insolvency, and lending is concentrated on related companies. Risk-return: Medium — the return is high enough to carry a moderate risk, but it could fall if the zero-loss figures prove incomplete or if the operator's €43 million of debt limits its ability to cover failed loans.
License / Regulation: ULENDS SAS is authorised by the Autorité des marchés financiers (AMF) as a European crowdfunding service provider under Regulation (EU) 2020/1503, number FP-2023-38, since 24 November 2023, for facilitating the granting of loans. No AMF sanction or warning was found (August 2026).
Yes. ULENDS SAS, which runs Bienprêter, has been authorised by France's financial markets regulator (AMF) as a European crowdfunding service provider since 24 November 2023, number FP-2023-38. The authorisation covers how the platform arranges loans; it does not protect you against a borrower failing.
A regulated payment institution, Mangopay since April 2026, keeps lenders' cash apart from the platform's own money. Under the previous provider, more than 9,000 lenders' accounts were blocked in January 2026 during an identity re-check, some until February; no money was reported lost.
€20 per project. Rules published in 2024 cap each lender at €2,000 per project.
The platform reports 12.44% a year net on all loans since 2018 and zero defaults, late loans and losses (26 October 2026). The zero figures conflict with its own 1.13% default rate shown in January 2023 and with companies named in insolvency proceedings, so actual losses may be higher than shown.
Usually a personal guarantee from the borrowing company's director, and on some loans a pledge or a mortgage. There is no buyback promise and no recovery figures are published. In practice the zero-loss record appears to depend on the platform covering failed loans itself, and its 2025 balance sheet is reported at about €0.8 million of equity against €43.2 million of debt.
You can offer a loan for sale on BP Flex; the seller pays 3% of the amount sold. A sale is not assured: it depends on another lender wanting to buy. Otherwise you wait for the loan to repay, 13 months on average.
The pages we checked list no entry, management or withdrawal fee for lenders. Selling on BP Flex costs 3%. French residents have 31% tax withheld from interest at source; non-residents can be exempted with a tax certificate.
If a borrower fails, recovery depends on the security on that loan, usually the director's guarantee, and can take a long time. If ULENDS fails, the loans remain owed to lenders and the cash at the payment institution is kept separate, but the platform's habit of covering failed loans would stop, and losses that have not been shown so far could appear.
We doubt it is complete. The platform showed 1.13% in January 2023 for years it now shows as zero, independent analysts name at least seven financed companies in insolvency proceedings, and several report that the platform repays lenders itself rather than recording defaults. The figure shows that lenders have been paid so far, not that the loans never fail.
