Finnest, part of the Invesdor Group, says 2020 was a good year in spight of the ongoing COVID-19 health crisis.
Based in Austria, Finnest says some forms of financing were able to show their strengths during this period, including crowdinvesting from specialists in digital financing for medium-sized companies.
“In a turbulent year, our crowd finance campaigns provided bright spots for both companies and investors,” says Günther Lindenlaub, CEO of the Invesdor Group, which Finnest also belongs to. “We have proven that innovative financing is not a nice-to-have, but a must-have even in difficult times. The numbers speak for themselves.”
Finnest reports that it raised a total of €14.7 million in capital for 15 campaigns in 2020 – an average of one million euros per offering.
The average investment per investor was around €6,400.
The sum of the interest paid to investors in 2020 was over € 2.3 million and the sum of the capital repaid to investors that they had previously used in seven campaigns was around € 2.4 million. The average interest rate for all campaigns in 2020 was said to be 6.1%.
Regarding Invesdor Group’s securities platform, in 2020 €11.3 million was collected in 18 campaigns, with an average investment of around €3,000.
In 2020, the Invesdor Group brokered investments worth a total of €26 million – this amount contrasts well with the investment crowdfunding market in Germany that totaled €44 million in 2019.
“The figures from Finnest.com and the Invesdor Group have a clear message: Even in difficult times of crisis, innovative financing creates win-win situations – investors will find what they are looking for attractive and predictable returns, and companies open up opportunities for financing and raising equity in a phase in which the difficult market environment is making traditional sources very cautious about financing issues, ” Lindenlaub explains. “The successful model should continue to prove itself this year. Our goal for 2021 is clear: We want to exceed these remarkable figures and offer investors and companies attractive opportunities to turn investment and financing into success topics.”