Tagged: october

European Online Lender October Explains How Repayments are Handled Via its Platform

European online lender October explains that they aim to effectively connect borrowers and lenders. Lenders are able to invest their savings “usefully” and “profitably” in order to facilitate the funding of the “real economy” while companies or businesses “find new, simple and effective sources of… Read More

European Online Lender October Italy’s CEO Shares Latest Fintech Industry Insights

Online lender October is currently active in five different European countries and now it’s the turn of the CEO of October Italy Sergio Zocchi to share his views and insights (after the company’s Netherlands and Spain Chief Executives provided comments during interviews). Sergio Zocchi, who… Read More

Tejas Sherkar from October Explains How Credit Models Quantify Risk when Extending Credit to Borrowers

The team at European online lender October has published a blog post on credit risk analysis models including their construction and application. October notes in an update that the Covid-19 health crisis has led to two situations: a rise in the number of new loan… Read More

Luuc Mannaerts, CEO of European Online Lender October’s Netherlands Operations, Explains how Platform Helps SMEs

European online lender October has shared key insights from its Netherlands CEO Luuc Mannaerts. Luuc, who earned his Masters in Business Economics, with a specialization in Finance and Strategy, reveals that when he was around 40 years of age, he went to INSEAD where he… Read More

Financial Institution Finlombarda Invests €15M in October SME IV to Support local Small Businesses

Finlombarda Spa, the financial institution of Lombardy Italian region, will be supporting the relaunch of Lombardy economy via the Italian alternative financing project, known as “Credito F.A.C.I.L.E.”. As mentioned in an update published on June 23, 2021, by October, this acronym means “simple” in Italian… Read More

Gregoire de Lestapis, CEO at Online SME Lender October’s Spanish Division, Shares Latest Market Insights

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

European Fintechs Qonto and October Join Forces to Offer Instant Credit to Small Businesses

European Fintechs Qonto and October revolutionize lending to small and very small businesses.  Qonto, a European finance management solution provider which has attracted more than 150,000 European companies looking to improve their day-to-day banking, and October, the No. 1 SME lending platform in Continental Europe… Read More

European Online Lender October to Issue Instant €15-€30K Loans with New Credit Scoring Model, Kea

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

European Online Lender October Reports its Best Quarter Ever, Founder Olivier Goy Reveals that Many More SMEs are Being Supported

European online lender October reports its best quarter ever (during Q1 2021). Meilleur Q1 ever sur @October_EU : +126% en € versus 2020 et +181% en nombre de TPE & PME accompagnées (149 entreprises). Et un Q2 avec des innovations structurelles dès avril #staytuned 🇪🇺… Read More

European Online Lender October Reports 1,270 Initiatives Receiving Financing Totaling €535M, €283M Repaid to Lenders

European online lender October reveals that it works with firms from all industries so it can help them with financing the growth of their operations. The October team notes in a blog post that since 2016, they’ve been supporting companies and they offer them “the… Read More

New Record for Lenders on October Platform: 5,672 Private Investors from France, Spain, Italy, the Netherlands lent to Sandaya Initiative

Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More

SME Lender October Confirms that French Government has Extended State-Guaranteed Loans Program to June 2021

European online lender October notes that in March 2020, the French State had announced a package of €300 billion in State-guaranteed loans (PGE) in order to support small and medium-sized enterprises during the COVID-19 pandemic. Following the amendment voted on in April 2020, lending marketplaces… Read More

European Online Lender October Makes it on French Tech Next40 Ranking 2021 which lists Most Promising Startups and Unicorns

European online lender October notes that on February 8, 2020, they got a very good surprise when they found out that they had been ranked in the French Tech Next40 2021 ranking. October had also been recognized for its services in 2020, but claims it… Read More

European Online Lending Platform October Warns Financial Crimes are on the Rise following COVID Outbreak including Money Mules

European online lender October recently alerted consumers about the money muling fraud. The company explained what usually takes place when bad actors carry out these fraudulent activities and shares tips to avoid getting scammed. October notes that if you’re being offered “opportunities” to make easy… Read More

Italy: Cassa Depositi e Prestiti Invests €20 Million in October SME IV Fund

Cassa Depositi e Prestiti SpA (CDP) an Italian investment bank founded in 1850 in Turin that is largely owned by the Italian government, has decided to invest in digital lender October’s SME fund. According to a statement by CDP, the bank has committed €20 million… Read More

Online SME Lender October Raises €295 Million, as of Dec 2020, to Finance Businesses, the Largest Amount it has Ever Raised

Europe-based online SME lender October says there’s probably no need to describe or go over how our lives have been impacted by the COVID-19 outbreak. October claims that they had to “become economists, epidemiologists, and politicians” in order to cope with the challenges created by… Read More

Online Lender October Explains how Institutional Investors and Private Lenders “Lend Side by Side” on its Platform

Europe-based online SME lender October noted that this year the Christmas holidays will be quite different for everyone. The digital lending platform pointed out that isolation and social distancing will limit the celebrations this holiday season. October also mentioned that for many small businesses, the… Read More

Online Lender October Launches Fast Track Projects in the Netherlands which can Increase Dutch State Guaranteed Loans Offered

Online lender October, which is one of Europe’s leading business financing platforms, has issued over €479 million worth of loans to 1097 different projects since it began offering services around 6 years ago. October has attracted 22,813 investors, which reportedly includes tier-one institutions as well…. Read More

Online SME Lender October Teams Up with French Firm ENGIE to Develop Engagement Platform for Employees

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

Online Lender October Is Expecting its Lenders’ Returns to be Impacted Negatively due to COVID-19 Crisis

Marc Sebag, the Chief Risk Officer at October, a top European online lender, had answered important questions last year (in June 2019) about defaults and the continuous improvements that the platform makes to its scoring model. The October team acknowledges that the COVID-19 outbreak has… Read More

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