Smart Lenders AM has surpassed $2 billion in online loans financed, claiming to be the top European crowdfunding specialist for debt.
Smart Lenders, based in Paris, invests in loans originated in online lending platforms in Europe and the US. Loans include both consumer and business.
Founded by Chairman of Smart Lenders AM Erich Bonnet in 2014, Smart Lenders AM specializes in “crowdlending,” an alternative lending model that competes with traditional banks. The company says this digital model provides faster access to credit while generating savings for borrowers. At the same time, online lending platforms can generate solid returns for investors.
Smart Lenders AM offers large investors access to this asset class through its two funds: Moonstone Lending Fund SICAV SIF, the largest marketplace lending fund in Continental Europe, and The Lending Smart Fund 1, a debt fund with credit protection dedicated to supporting the European Fintech ecosystem.
Smart Lenders states that it has developed unique expertise in credit scoring, risk management, and administrative monitoring of the asset class.
“This investment volume consolidates Smart Lenders AM’s experience, as our main fund Moonstone Lending Fund reaches 7 years of positive track record, and one year after the launch of our new innovative debt fund, The Lending Smart Fund 1” said Bonnet.
Currently, Smart Lenders has $450 million in AUM, having processed 600,000 consumer loans and 3000 loans to SMEs.