Anaxago AI Overview on 11/2025

Anaxago Platform Overview

Anaxago is a leading French alternative investment platform (est. 2012) specializing in real estate and startup crowdfunding. It allows retail investors to co-invest in property developments, innovative startups, and curated investment funds 💼. Over €910 million has been funded via Anaxago since launch, across 370+ projects as of Oct 2025. The platform touts an average 9–10% annual return on real estate deals and offers unique opportunities (e.g. venture capital and green energy funds) previously accessible only to insiders. Key advantages include diversified asset classes, strong due diligence, and AMF-regulated operations (inspiring trust). Major risks, however, are present – investments are illiquid, delays are common, and capital loss is possible. Investor reviews are mixed (Trustpilot ~3.3/5 ⭐ as of 2024) due to project defaults and communication issues. Overall, Anaxago is a pioneer in French crowdfunding, but investors must weigh its high-return potential against the elevated risks ⚠️.

Anaxago Investment Products and Model

Asset Classes: Anaxago offers multiple investment products, primarily real estate debt, startup equity, and specialized investment funds. In real estate crowdfunding, investors typically finance property developers via short-term bond loans or “club deal” structures, earning fixed interest (target 8–12% annual yields). These property loans usually pay interest at maturity (in fine) over 12–36 months. For startups and growth SMEs, Anaxago facilitates private equity/venture capital investments (often through equity shares in unlisted companies) 🎯.

These startup deals have 5–10+ year horizons and higher uncertainty – potential for multiplier returns if the company exits, but also risk of total loss if it fails. In addition, Anaxago provides access to managed funds: e.g. SCPI real estate funds (for rental income), FCPR private equity funds (target ~7%+ over ~5–10 years), and even a life insurance wrapper offering curated real estate and VC fund units. These funds are run by Anaxago’s asset management arm and external partners, allowing broader diversification (e.g. a climate-tech fund AxClimat I targeting 12% IRR over 10 years).

Geography & Sectors: The platform historically focused on France 🇫🇷 (projects across Paris and regions), but now also lists European deals (e.g. pan-European real estate funds) and themes like healthcare, proptech, sustainable infrastructure, etc. There is a strong emphasis on “impact” and innovative sectors – only ~3% of reviewed projects are accepted after screening, aligning with trends like green building or medtech.

Returns Generation: Real estate loans generate fixed interest from borrowers’ project profits or property sales, while startup equity returns come from capital gains if the startup is acquired or goes public (no regular yield). Some successful exits have occurred (e.g. fintech PayPlug was acquired by a bank in 2016, rewarding Anaxago investors).

Risks: All products carry high risk: default or delay in property loans, startup failure, no guaranteed returns, and complete illiquidity until an exit. Anaxago discloses these risks prominently and notes that investments should be part of a diversified portfolio only.

Anaxago Company Background and Regulation

Founders & Ownership: Anaxago was founded in Paris in Feb 2012 by Joachim Dupont, François Carbone, and Caroline Lamaud (now Caroline Lamaud-Dupont). They launched Anaxago as one of France’s first equity crowdfunding platforms, aiming to bridge finance and the real economy. The company remains privately owned; early on it raised capital from its own investor community (€2 million in 2014) to fund growth. Today, Dupont (CEO) and Lamaud (Executive VP) still lead the firm, and the team has grown to ~50–60 employees (as of 2022). In 2022, Anaxago formed a strategic partnership with CapHorn (a venture capital fund) to co-invest in scale-ups, signalling closer ties with institutional investors.

Group Structure: Anaxago operates a group of entities: Anaxago SAS runs the online platform, Anaxago Capital (created 2018) is a licensed asset management subsidiary managing investment funds, and Anaxago Patrimony provides wealth management advice (for high-net-worth clients). The holding company Anaxago Holding oversees these units.

Licenses & Oversight: Anaxago was an early adopter of regulation – it obtained the Conseiller en Investissements Participatifs (CIP) status from the AMF in 2014, becoming one of the first French crowdfunding advisors authorized. In Oct 2023, it transitioned to the new EU Crowdfunding Service Provider regime: Anaxago is now licensed by the AMF (Autorité des Marchés Financiers) as a Prestataire de Services de Financement Participatif (PSFP), registration no. FP-2023-25. It is also supervised by the ACPR (Banque de France’s Prudential Authority) for compliance. These approvals allow Anaxago to arrange securities offerings and transmit orders under the EU crowdfunding regulation. Additionally, Anaxago Patrimony is accredited as a Financial Investment Advisor (CIF) and insurance broker with ORIAS (No. 19001970). Reputation & Compliance: The firm is a member of industry associations (e.g. Financement Participatif France) and adheres to stringent compliance policies (KYC, anti-fraud checks, etc.). In June 2023, Anaxago even became an “Entreprise à Mission” (adding a social/environmental mission to its bylaws) to underscore its commitment to impactful investing.

Notably, no major regulatory sanctions have been disclosed to date; the AMF has not issued any public warnings against Anaxago. This regulatory track record, combined with a decade of operation, suggests the company is considered legitimate and compliant by authorities✅.

Anaxago Volumes and Performance (2022–2025)

Funding Volumes: Anaxago’s platform has steadily grown into one of France’s largest. By the end of 2022, total funds raised since inception reached €800 million. That year alone saw a record €200 million collected across 48 deals – a +30% increase vs 2021. The momentum continued: as of October 2025, Anaxago reports ~€910 million invested cumulatively in 372 projects. (For context, this was ~€663M in real estate deals and the rest in startups and funds.) However, new deal flow has moderated recently due to market conditions: in 2023 the platform raised about €100 million in real estate (down from 202 M in 2022), as rising interest rates cooled the property sector.

Investor Base: Over 15 000 investors are active on Anaxago, ranging from retail individuals (min. €1 000 per investment) to family offices and some institutions. Returns: The historical performance on Anaxago’s real estate crowdfunding has been strong – an average ~9.6% net IRR per year (after defaults) on property projects realized to date. For example, projects that exited in 2021–2022 delivered around 9–11% annualized returns to investors. The platform highlights a 9.7% “mesured” average yield in its marketing. Some individual real estate deals have hit double-digit yields (10–12%+), though interest is typically capped ~12% due to the loan structures. Startup equity investments, on the other hand, show high variance: a few have yielded exceptional returns (e.g. a fintech exit in 2016 earned ~11% IRR for investors or multiple times their money), but many others have no return or are still ongoing.

Payouts: By late 2025, Anaxago has returned €309 million back to investors (capital + interest). Notably in 2022 alone, over €80 million was paid out as projects matured.

Defaults and Delays: Investment risk has materialized in some cases. Officially, Anaxago states that only 2 projects have led to losses so far (implying a tiny loss rate ~0.3% of volume) and claims a 90% recovery rate on defaulted capital. However, many projects are delayed or in trouble: around 22–25% of outstanding real estate capital is in serious default (>180 days late on payments) as of 2025. Another ~7–14% is in shorter-term delay. This means roughly one-third of investments are not repaying on schedule – a sharp rise since 2023. For example, some 2-year loans have stretched to 5–6 years 😟.

Defaults (project failures) are increasingly being recognized: an investor blog in 2025 noted a 24.6% default rate (by amount) on Anaxago’s property deals, although many are still undergoing recovery efforts. The cumulative loss remains low so far, but could grow if recoveries fall short.

Investor Returns: For those projects that do succeed, investor returns have been attractive: e.g. a 2022 exit of a development loan yielded 10.8% annual interest to investors. Startup investments are harder to summarize – some have achieved multi-bagger exits, but others resulted in total loss of capital (several early-stage startups funded on Anaxago went into liquidation). On average, the venture portfolio is still maturing; Anaxago emphasizes patience (5–10 year horizon) and cites successes like biotech firm Acticor, which went public, as validation of the model.

Dates & Trend: As of H2 2025, performance is a mixed picture – average returns remain ~9–10% for closed deals, but rising default risk in recent years is a concern. Investors are advised to expect longer holding periods and to scrutinize each deal’s risk carefully.

Anaxago’s Risk Management Approach

Anaxago touts a rigorous project selection and monitoring process 🔎. According to the platform, fewer than 3% of projects reviewed are ultimately selected for fundraising. Due Diligence: The investment team conducts in-depth due diligence on each opportunity – for real estate, this includes analyzing developer track record, permits, market conditions, and taking collateral guarantees (e.g. mortgages or surety bonds when possible). For startups, Anaxago’s venture team vets the business model, management, market prospects, and often co-invests alongside professional VCs (helped by its CapHorn VC partnership).

Each project listing comes with a risk score or rating, detailed information memorandum, and an “ESG note” if applicable. The platform clearly flags key risk factors (e.g. construction risk, liquidity risk) and requires investors to acknowledge them.

Risk Mitigation: In real estate deals, Anaxago often structures investments as senior debt or bonds, sometimes secured by property assets or backed by a junior equity cushion from the developer. This can improve recovery prospects. The company reports a 90.4% recovery rate on defaulted real estate capital, indicating that even when projects run into trouble, they manage to recoup most funds via workouts. A notable example is the Terlat case (2016): when a partnered developer went bankrupt, Anaxago stepped in as developer – it purchased the unfinished projects with its own funds and oversaw completion, eventually repaying ~90% of investors’ capital by 2021. This proactive approach (though exceptional) demonstrates Anaxago’s commitment to protecting investors.

Ongoing Monitoring: Once funded, projects are monitored by Anaxago’s team. They provide regular updates to investors through the online dashboard – e.g. quarterly progress reports for developments or financial updates from startups. However, some users feel this follow-up could be improved (updates can be sparse or delayed when problems occur). Anaxago states that it actively engages with issuers in distress, negotiating extensions or restructuring to maximize investor recovery. They also use internal risk indicators to flag portfolios with concentration in any single sector or sponsor.

Sector & Geographic Filters: The platform focuses on sectors it knows well (real estate, tech, health, etc.) and mostly within France. By policy, it avoids projects that don’t meet criteria in terms of market demand, sponsor experience, or exit strategy. For example, they prioritize real estate deals in strong markets (Paris, major cities) and startups in booming verticals (healthtech, climate tech).

Transparency: All investment opportunities on Anaxago come with a Key Information Document and risk disclosure. The platform’s “Risk” page enumerates risks like loss of capital, illiquidity, lack of valuation, etc., to educate investors. In summary, Anaxago’s risk management is hands-on and evolving – it has successfully managed many projects through completion, but the rise in delays since 2020 tests its processes. Investors should still perform their own due diligence; as Anaxago itself warns, these are high-risk investments that must be entered with caution ⚠️.

Anaxago Platform Features and Functionality

Anaxago provides a modern, user-friendly online investment experience 💻. Website & Dashboard: The platform’s website (available in French, with some English content) is clear and professional. After signing up and passing KYC verification, investors get access to detailed project listings and a personal dashboard to track their portfolio. The dashboard shows each investment’s status, interest payments schedule, and downloadable documents (contracts, prospectuses).

Investment Process: Everything is done digitally – from project selection to e-signature of subscription documents. Anaxago’s interface guides users step-by-step through investing, making it accessible even to beginners. The platform supports payments in EUR (via bank transfer or online payment through partner Mangopay), and investment minimums are typically €1 000.

Auto-Invest & Tools: As of 2025, Anaxago does not offer an “auto-invest” feature – all investments are manual, allowing users to pick specific deals. There is also no open secondary market for trading investments (Anaxago emphasizes that investments are locked until maturity)🔒. However, some liquidity options exist indirectly: for instance, certain funds (SCPI, FCPR) can be subscribed via a life insurance policy, which might allow early surrender under insurance rules. Diversification:

The platform encourages diversification by offering many types of projects. It occasionally curates thematic portfolios – e.g. a mix of sustainable real estate projects – but ultimately each investment is up to the user. There is a “collections” section highlighting opportunities by theme (health, fintech, climate, etc.) to help investors diversify across sectors.

Project Information: Each deal page on Anaxago is comprehensive, including an executive summary, financials, business plan or feasibility study, and identified risks and safeguards (e.g. mortgages or personal guarantees). For real estate, expected timeline, interest rate, and repayment type (annual, quarterly, or bullet) are shown. For startups, the valuation, share price, and exit strategy are explained. In addition, Anaxago introduced an ESG rating for projects – assessing environmental, social, governance impact – to cater to socially conscious investors.

Support & Community: Anaxago prides itself on providing dedicated investor support. Each registered investor is assigned a personal advisor who can be reached for questions (by phone or appointment). This concierge-like service is often praised, as the advisor checks in to assist with the onboarding or to discuss portfolio strategy. There is also an extensive Help Center and FAQs on the site. While Anaxago doesn’t have a public forum, a community of investors shares experiences on external blogs and forums (which Anaxago monitors for feedback).

Languages and Access: The primary language is French, and all documentation is in French (as required by local law), though key information may be provided in English for international investors. The platform has started to accept non-French residents (EU investors), but all investments are in Euro and subject to French regulations. Overall, Anaxago’s platform functionality is robust and designed like a “digital private bank” interface – intuitive, transparent, and with value-added tools (tax simulators, performance reports) to help investors make informed decisions.

Anaxago Fees and Pricing

Investor Fees: Investing via Anaxago incurs certain fees which vary by product. For direct crowdfunding investments (real estate or SME loans/equity), Anaxago typically charges investors an entry fee of ~0.5% to 2% of the amount invested, and an annual management fee around 1% of the invested capital for the duration of the project. These fees are usually charged upfront or yearly (they reduce the net return realized). For example, an investor putting €20 000 into a 3-year real estate loan at 8.5% might pay a 1% entry fee (€200) and 1% per year management (€600 over 3 years), totaling €800 fees – effectively lowering the net yield from 8.5% to ~7.1% in that case.

Startup equity investments (“capital-innovation”) have higher fees: up to 5% entry fee (incl. tax) and around 2%/year management for the first 5 years (then 1% thereafter for longer holds). Fund products sold on Anaxago carry their own fee structures: e.g. SCPI funds typically embed about 10% upfront fee and ~10% annual asset management fees (already reflected in their yields).

The Anaxago-managed FCPR funds have specific fees – for instance, Anaxago Society 2023 fund had a 4% subscription fee and ~2.25% annual management fee, plus a 20% performance fee on profits above a 7% hurdle (typical “carried interest” for private equity). The newer climate tech fund AxClimat had a similar structure with slightly different rates. If investing via Anaxago’s life insurance policy, there are no entry/exit fees on the contract, and the insurer’s admin fee is ~0.85% per year.

Fundraiser Fees: The companies raising funds on Anaxago are also charged fees. While exact figures aren’t published on the site, issuers typically pay a success fee proportional to funds raised (market norm ~5–8%). This fee is often built into the project’s cost (for example, a real estate developer pays interest to investors plus a commission to Anaxago). In some cases, Anaxago may also charge the project a listing fee or monthly monitoring fee.

Transparency: Anaxago is relatively transparent about fees – the detailed fee schedule for each type of investment is available in their FAQs and user agreement. All fees are disclosed in the project documentation before one invests. For crowdfunding loans, the interest rates shown are gross – investors must remember to subtract the platform fees and taxes to estimate net return. On the positive side, Anaxago does not charge any fees for opening an account, depositing funds, or maintaining the account. There are also no fees for late repayments borne by investors (any penalty interest from delays is usually passed to investors, not kept by Anaxago). Exit and Other Fees: Since there is no secondary market, there are no trading fees. If a project fails, there are no additional charges to investors (the loss is simply borne by the investor). For the insurance product, as noted, there are no entry/exit or arbitration fees beyond the annual 0.85%. Overall, Anaxago’s pricing is in line with industry peers – investors pay moderate upfront and ongoing fees for the service, while fundraisers pay success commissions. It’s important to factor these into return expectations: e.g. a loan advertised at 10% might net closer to ~8% after all fees and taxes. Anaxago’s communications often stress “no hidden fees”, and indeed all fees are either charged transparently or embedded in the offered investment terms.

Negative Publicity and Issues around Anaxago

While Anaxago is well-established, it has faced some criticism and challenges in recent years 🔎.

Project Delays and Defaults: The most common complaint from investors is the high incidence of late or troubled projects. Especially since 2020, many real estate deals have run past their expected term – some by several years. As of 2025, essentially all of some investors’ projects are delayed, reflecting a broader slowdown in the real estate sector. In investor forums, users compare Anaxago’s default rates unfavorably to other platforms, noting “beaucoup de projets en défaut” (a lot of projects in default) in their portfolio.

Trustpilot reviews echo this: Anaxago holds an average ~3.3/5 rating (930+ reviews, Nov 2024) with numerous 1★ reviews citing long delays and uncertainty of repayment. Startups funded on Anaxago have also seen several failures – some investors lost their entire stake in certain early-stage companies that went bankrupt. These outcomes have led to frustration and negative word-of-mouth.

Communication & Support Issues: Another criticism is that Anaxago’s communication during problems can be lacking. Users report that when a project encounters issues (e.g. a borrower stops paying), updates are infrequent and generic, leaving investors in the dark for months. Some feel the platform is quick to promote new deals, but not as proactive in following up on older ones that soured. In fairness, others have praised Anaxago’s support team for being responsive one-on-one, but public communications (like project update posts) could be more transparent.

Notable Controversies: Anaxago has generally avoided scandal, but it has had a few difficult cases. The Terlat affair in 2016–2018, for example, was widely discussed: this developer’s collapse affected multiple crowdfunding platforms (including Anaxago). While Anaxago ultimately salvaged those projects (a move that earned it respect), it highlighted the inherent risk of development deals. In 2023–2024, a downturn in French real estate led to a wave of problematic projects (e.g. one named Nobilé Partners has been cited on forums as “planté” – stuck in limbo). Critics worry that the full extent of losses isn’t yet known, and some blogs even speculated about “a billion € of losses to come” in the crowdfunding industry as projects liquidate. Regulatory or Legal Troubles: There have been no public regulatory sanctions against Anaxago.

However, the AMF did issue fraud alerts regarding scam websites impersonating Anaxago – the company now prominently warns users about such phishing sites on its homepage. Anaxago also had to update its practices to comply with the new EU crowdfunding rules by late 2023; a few months of adjustment caused minor service delays as they implemented new procedures (as seen across the sector). Comparisons & Reputation: In the French media, Anaxago is still often cited as a top player in crowdfunding, but not without caution. For instance, finance site Baltis noted that “toutes ne se valent pas” – not all platforms are equal – listing Anaxago’s strengths (diverse projects, big name, high returns) and weaknesses (high risk, frequent delays, “manque de transparence” on some issues, and notable fees). On social networks and Reddit-like forums, experienced crowdfunders advise newcomers to thoroughly research each project on Anaxago and not to be blinded by advertised yields. Some have shared personal “avis” (reviews) describing Anaxago as “sérieux mais attention aux retards” – serious platform, but beware of delays.

In summary, the negative publicity around Anaxago largely centers on project performance issues rather than malfeasance. The platform’s credibility remains intact, but investor sentiment has soured somewhat amid higher defaults. This is an important red flag 🟥 for prospective investors: the risk is real and past marketing may have underplayed the potential for delays and losses. Proceeding with realistic expectations and caution is advised.

Anaxago Success Stories and Milestones

Despite the challenges, Anaxago boasts several notable successes and milestones 🏆.

Early Achievements: It was a pioneer in France – first licensed CIP platform in 2014 – and by 2018 it had surpassed €100 million invested. The platform helped fund numerous startups that later flourished. For example, PayPlug, a fintech funded via Anaxago in 2014, was acquired by Natixis in 2016, marking one of the first exit wins for equity crowdfunders. Another startup, Somhome (real estate tech), was bought by Foncia in 2016, delivering returns to Anaxago investors. Anaxago proudly cites that investments through the platform have contributed to over 6 000 jobs created as these companies grew. Growth and Recognition: In 2017, Business Insider ranked Anaxago as the #13 fintech startup to watch in France. By 2019, after seven years of operation, Anaxago had a 7th consecutive profitable year and was positioning itself as a fully digital private bank for alternatives. It launched its wealth management service (Anaxago Patrimony) and its asset management arm (Anaxago Capital obtained AMF approval in 2018) – being the first equity crowdfunding fintech to create its own fund management company. This innovation attracted attention and allowed Anaxago to bring in institutional co-investors into deals from 2018 onward.

Volume Milestones: The platform’s fundraising volumes accelerated sharply: in 2021, total investments crossed ~€600M, then €800M by late 2022. Anaxago announced bold targets, aiming for €300M new collection in 2023 (an ambitious goal reported in financial media). While 2023 fell short due to market conditions, the platform likely surpassed €1 billion cumulative in 2024 or will soon – a testament to its scale. Investor Exits: In real estate, over 168 projects have been successfully completed and exited as of Oct 2025. Many investors have enjoyed timely repayments and solid returns – Anaxago highlights an example that its real estate portfolio delivered ~10% annual interest with 168 exits and only minimal losses. On the startup side, a big highlight was Acticor Biotech (a medtech startup funded on Anaxago) which went public on Euronext Growth in late 2021, allowing Anaxago investors to potentially realize gains or hold tradeable shares (Acticor’s IPO was oversubscribed, indicating success)🎉. In 2022, Anaxago also launched and closed new funds such as Anaxago Society 2023 (a €50M real estate private equity fund) and partnered on AxClimat I (a €100M climate infrastructure fund) – showcasing its evolution into bigger-ticket deals.

Awards & Community: Anaxago’s model has earned industry awards: it has been recognized by crowdfunding associations and won a “Crowdfunding Gold” award in 2015 for innovation (early press indicated). The platform has a strong community presence, often hosting investor events and webinars. It claims a community of 100 000 members (including newsletter subscribers) by 2019. In Oct 2021, Anaxago celebrated its 10-year anniversary with an event in Paris, highlighting “€500M raised, 200+ companies funded” – a PR milestone that reinforced its image as a market leader.

Partnerships: Beyond CapHorn, Anaxago has inked partnerships with groups like Crédit Mutuel Arkea for payment services, and joined initiatives like France Invest to further integrate with the private equity ecosystem. It also became a member of Impact France Movement in 2023, underlining a shift towards sustainable investment themes. In summary, Anaxago’s success stories lie in its platform growth and innovation as much as individual investments. It helped mainstream crowdfunding in France, delivered some solid investor wins (startup acquisitions, real estate interest payouts), and pivoted into a comprehensive alternative investment house. These achievements have solidified Anaxago’s reputation as a “go-to” platform in French crowdfunding – even as it now navigates a more challenging environment.

Is Anaxago safe and regulated?

Yes – Anaxago is a regulated platform in France, supervised by the AMF under EU crowdfunding rules (PSFP license in 2023). It implements standard investor protections (KYC, segregated client accounts via Mangopay, etc.). However, “safe” doesn’t mean investments are guaranteed – you can lose money. Regulation ensures the platform is legitimate and must follow conduct rules, but investment risk remains on the investor (no deposit guarantee). Always invest carefully, understanding the project risks.

What asset classes can I invest in on Anaxago?

Anaxago offers three main asset classes: 1) Real estate projects – typically short-term property development loans (8–14% target interest); 2) Startups/Private equity – equity stakes in early-stage companies (high-risk venture capital); 3) Private debt & funds – e.g. SME bonds, real estate investment funds, SCPI shares, and even life insurance products with alternative fund options. This range means you can invest in everything from an apartment building project to a fintech startup to a renewable energy fund, all via Anaxago’s platform. It’s wise to diversify across these according to your risk tolerance.

What returns can I expect?

Returns vary by product. Real estate debt on Anaxago has historically yielded around 8–10% annually. That’s the interest rate borrowers pay (gross, before fees/tax). Startup investments have no fixed yield – if the startup succeeds, you might get a high return (potentially multiples of your investment), but many yield 0% if the company fails. Anaxago’s overall average return on closed projects is ~9–10% per year, but remember this figure mostly reflects real estate deals. Funds (FCPR, SCPI) might target ~7–12% but actual performance can differ. It’s safest to expect mid-single-digit net returns (after fees and taxes) and view anything higher as a bonus for taking high risk. Past returns are not a guarantee of future results, and Anaxago itself warns that you could lose part or all of your capital⚠️.

What are the main risks with Anaxago’s investments?

The main risks are default risk, illiquidity, and total loss. Default risk: The borrower or startup might fail to repay or go bankrupt. As discussed, a significant portion of projects face delays or defaults – you might get your money late, or in worst cases, not at all (partial recoveries are not guaranteed).

Illiquidity: You can’t easily sell or exit, so you’re stuck even if circumstances change – this could also mean missed opportunity cost.

Market risk: Real estate values can drop, or a startup’s market can shift, undermining the investment’s success. No income or valuation in the interim: There’s usually no steady income (interest is often paid at the end, and equity doesn’t pay dividends typically). You also don’t have a way to know the true value of your investment until exit, since there’s no active market – it could be significantly less than you paid.

Concentration risk: If you put too much money in one deal or one asset class, a single failure could hit your portfolio hard. Platform risk: While Anaxago itself is regulated and financially stable, one should consider what happens if the platform ceased operations. They have custodian arrangements so investments would likely continue, but it could be administratively challenging. Finally, economic cycles are a risk – e.g. a downturn in real estate or startups can increase default rates (we saw this in 2023).

Bottom line: these are high-risk, high-return investments. You should only invest money you can afford to potentially lose, build a diversified portfolio, and read all the risk disclosures Anaxago provides. By being aware of these risks, you can make more informed decisions and mitigate them where possible (e.g. by diversification and due diligence).