Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, has successfully secured its initial €1 million funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched earlier this month and has attracted nearly 425 Seedrs investors.
As previously reported, Lendahand describes itself as a for-profit company that is on a mission to eradicate poverty all over the world using crowdfunding. The platform gives investors in Europe the change to invest in people and businesses in emerging markets that do not have access to the capital they desperately need to function.
“By providing debt financing to SMEs and financial institutions that have strong track records and proven business models, we’re able to help their businesses succeed and grow. As a result, they’re able to create new jobs and improve their local economies.”
Lendahand further explained that it was created to use impact investing as a way to help lift people out of poverty.
“By enabling small businesses and entrepreneurs to be the drivers of their local economies, we’re creating a sustainable solution that goes beyond charitable giving.”
Funds from the Seedrs round will be used for the following:
- Expand investment portfolio: Adding to its investment team, introducing AI-based “Algo-lending” into its acquisition processes, expanding its “Co-financing” operations, introducing local currency, and USD investments into its portfolio.
- Scale-up investor growth: Adding to its web development team, expanding into the Nordics & Germany, including new brand awareness initiatives in the Netherlands & Germany.
Lendahand is now offering 5.41% in equity at a €17,499,842 pre-money valuation through the campaign, which is set to close at the end of June.
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