Tagged: october

Covid-19 Crisis Response: Investors of European SME Lending Marketplace October Approve 3-month Freeze on Loan Capital Repayment

The management of October, the Paris-headquartered European SME lending marketplace, announced today a three-month freeze on capital repayment in order to support the business continuity of its SME borrowers during the coronavirus crisis. A Capital Reimbursement Freeze The moratorium concerns loans granted by October to… Read More

European Lending Platform October Hits New Milestone: €400 Million Has Been Borrowed By SMEs to Finance 800 Projects

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

Fintech October Reflects on Past 12 Months Performance as Loan Originations Accelerate

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More

France’s Alternative Finance and Fintech Leaders Take Stock of a Successful 2019

The French community of Fintech startups gathered at the annual dinner of the France Fintech Association to review the achievements of the past year and celebrate the holiday season. Crowdfund Insider took the opportunity to ask leading executives in Fintech and alternative finance to take… Read More

European Crowdfunding Network: Extremely Excited with Harmonized EU Crowdfunding Rules

Yesterday, Crowdfund Insider reported on the agreed-upon legislation for harmonized pan-European crowdfunding rules. Having a single market for online capital formation has been a goal of crowdfunding industry leaders and industry participants for years. Industry advocates have worked diligently behind the scenes to push forward… Read More

Online Lender October Signs United Nation’s Principles for Responsible Investing

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

Alternative Lending Marketplace October Reveals New $110 Million Commitment from European Investment Fund and Others to Finance European SMEs

The European Investment Fund (EIF) will reportedly be renewing its support to European SME, under the “Private Credit Tailored for SMEs” program. Support will also be extended by other established institutional investors such as Bbifrance, CNP Assurances, and Zencap. A new €100 million (appr. $110… Read More

Online Lending Platform October Celebrates One-Year Anniversary in the Netherlands

October Nederland, a financing platform for small and medium-sized enterprises (SMEs) in Europe, celebrated its one-year anniversary on October 31, 2019. The firm’s application to operate as a Netherlands-based lending platform was approved last year by the Dutch Authority for the Financial Markets. October (formerly… Read More

October and 5 Confidi Launch Direct Lending Fund for Italian SMEs

Leading European marketplace lending platform October has joined with 5 Confidi entities belonging to Federconfidi and Rete Fidi Italia and with the European Investment Fund (EIF), to launch a €30 million fund to back Italian SMEs. Confidi are cooperative, non-profit guarantee consortia that facilitate access… Read More

Online Lender October Pushes into Germany as it Continues Expansion

Marketplace lending platform October, which is based in France, has expanded in Germany, according to a blog post by CEO and founder Oliver Goy. October has selected Thorsten Seeger, a Funding Circle veteran, as CEO of October Deutschland as its plots its ongoing expansion across… Read More

Western Union Business Solutions Forms New Partnership With European Online Lender October to Support International Expansion & Cash Flow Optimization

Money transfer service Western Union (NYSE: WU) announced earlier this month that its cross-border payments and foreign exchange risk management division, Western Union Business Solutions, has formed a new partnership with October, European lending platforms for small and medium enterprises (SME) to support international expansion… Read More

European Marketplace Lender October Surpasses €100 Million in Loan Repayment

October, the European lending marketplace formerly known as Lendix, announced on Wednesday it has surpassed €100 million in loan repayment. The online lender reported that since its launch more than €250 million has been lent to European companies and nearly 40% of this amount has already been… Read More

In France, SME “Crowdlending” Delivered 18% Growth in 2018

According to a report from Mathieu George of Crowdlending.fr, the SME peer to peer lending market in France delivered decent growth during 2018. Overall, the market grew by 18% led by October – €59.6m (formerly known as Lendix) followed by Credit.fr – € 20.1m  and then… Read More

France: Fintech’s Year 2018 in Review – Maturity, Consolidation and Challenges

Ever since the Brexit, France has aimed to establish itself as the Continental European alternative to the London Fintech hub. The goal is ambitious. France is home to many a worldwide leading financial institution such as global Nr. 1 insurer AXA and Nr 1 non-Chinese… Read More

European Crowdfunding Network Publishes Open Letter to EU Member States Urging Fully Harmonized EU Crowdfunding Rules [u]

The European Crowdfunding Network (ECN) has just published an Open Letter directed towards EU member states and the ongoing debate regarding pan-European crowdfunding rules. Proposed rules would impact, and perhaps improve, the marketplace for both debt and equity crowdfunding. The ECN believes the European Crowdfunding… Read More

Online Lender October Officially Launches in the Netherlands

Online lender October (formerly Lendix) has launched in the Netherlands. Alongside this expansion, the Paris based October is providing SME financing in France, Spain, and Italy. According to a note from October, SMEs may apply for loans ranging from €30,000 and up to €3.5 million. The marketplace… Read More

October Rallies €255 Billion Worth of Corporate Support to Promote Crowdlending

October (formerly Lendix), the newly rebranded European SME lending marketplace made a splash today with what is probably the most creative promotional campaign in the history of crowdlending. To date, the October platform has facilitated more than €240 million worth of loans to 500 small… Read More

European Marketplace Lender Lendix Changes its Name to October

The news was leaked last week. Now it’s official. From its Paris headquarters, Olivier Goy, founder and CEO, announced that the European lending marketplace formerly known as Lendix is changing its name into October. With this name change the company reasserts its ambition to expand… Read More

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