Crowdfunding Bizkaia Review 2026

What it is

Crowdfunding Bizkaia is a Spanish crowdfunding platform owned 100% by the Diputación Foral de Bizkaia, the provincial government of Bizkaia in the Basque Country. The company was set up in 2017 and ran equity campaigns for start-ups. Since 10 March 2026 it lends to established local businesses under the name Crowdlending Bizkaia. The site is in Spanish and Basque only.

How it works

You open a payment wallet and lend from €500 to companies based in Bizkaia that have traded for at least two years. Each round raises €50,000 to €300,000 for one to five years. The company pays back part of the loan plus interest every quarter. You choose each loan yourself; there is no automatic investing. Rounds are few: in October 2026 the next one, for €200,000, was marked as in preparation with nothing raised. The platform's 2025 management report says no projects were published at all in 2025.

Returns

The loans pay 3-month Euribor plus 1.75% a year, which the owner described as close to 4% at the March 2026 launch. This is an advertised rate, not a measured result: the first loans are only months old and nothing realised has been published. The rate floats, so it falls if Euribor falls. The home page itself shows no rate. The older equity campaigns have no published return figures.

Losses and defaults

The platform publishes no figure for defaults, late payments or losses (checked October 2026). The loan book only began in March 2026, so a meaningful figure could not exist yet. Note that the home page advertises financing with no appreciable risk, while the platform's own risk warning says the guarantee does not always remove every risk and that you can lose all or part of your capital.

What secures your money

Each loan is guaranteed for 100% of principal and interest by a Basque mutual guarantee society (Elkargi SGR). If a company stops paying, the guarantor is meant to pay instead. The guarantee depends on the guarantor's own terms, limits and ability to pay, which the platform's risk warning says plainly. There is no property security, buyback, reserve fund or insurance on top, and no recoveries have been needed or published so far. In plain words: you lose money only if a borrower fails and the guarantor cannot or does not pay.

Who runs it and its licence

Crowdfunding Bizkaia Proveedor de Servicios de Financiación Participativa, S.L.U. (Bilbao, CIF B95895298) is authorised by the Spanish regulator CNMV as a crowdfunding service provider under the EU crowdfunding rules, register number 14, since 17 November 2023. As a public company it publishes its accounts and management report through the province's transparency portal. Investors' money is held by Lemonway, a payment institution authorised by the Bank of Spain. Your money is not covered by the deposit guarantee scheme or the investor compensation scheme.

Fees

No fee schedule for investors is published anywhere on the platform (checked October 2026). The terms say any prices shown on the site are indicative. Lemonway's own terms apply to the wallet.

Getting your money out

There is no market to sell your loans to other investors; the risk warning says so. Money comes back only through the quarterly repayments, or all at once if the company repays early. Plan to keep each loan for its full term of one to five years. Non-professional investors can cancel a new investment within four calendar days without penalty.

Our view

Return: Very Low — an advertised floating rate of about 4% a year, with nothing realised yet. Risk: High (higher means more risk) — the platform publishes no default or loss figures, so investors cannot see how often money is lost; the full guarantee does not lower the level, because it has not been tested. Risk-return: Very Low — a low return for a level of risk that cannot yet be measured.