Tagged: october

October Comments on Default Rates, and How to Boost Savings via their Platform

Last year, October had carried out a survey among their community of lenders in order to gain insights into the topics they were “eager to learn more about.” One topic came back repeatedly: their platform statistics. To answer your questions related to stats, October is… Read More

October Comments on the Ongoing Digitalization in European SMEs

The phenomenon of digitalization is becoming a vital part of our daily life, according to an update from October. So, considering digitalization in European SMEs, the team at October looks into where we currently stand. While new digital solutions are increasingly being used in the… Read More

Online Lender October Acquires Credit.fr as Competitors Consolidate

October, a top online lending platform based in France but offering credit around Europe, has acquired marketplace competitor Credit.fr, according to a company statement. Credit.fr was itself acquired by Tikehau Capital in 2017 for €12 million.  The terms of the deal were not disclosed but… Read More

European Marketplace Lender October Shares Steps Toward More Sustainable Activity

A few months ago, October co-founder and Chairman Olivier Goy went on a trip in Antarctica “to shoot a part of the documentary ‘La vie est belle’ (Life is beautiful).” A quick question for you: “what do you think was the highest temperature level ever… Read More

European Marketplace Lender October Provides Updates on French State-Guaranteed Loans

European marketplace lender October recently commented on the French state-guaranteed loans. On March 2020, the French State announced an “exceptional package of €300Bn state-guaranteed loans (PGE) to support SMEs during the Covid-19 crisis.” Since the launch of this first state-guaranteed loan via the October platform… Read More

French Fintech Sector Continues to Grow, Now a Major Part of the Tech Industry in France: Report

The 2022 list of firms making up the French Tech Next40/120 indices was recently announced by the nation’s government. As a reminder to industry participants, these initiatives provide support intended specifically for French scaleups that are capable of becoming “world-class” technological leaders. The Next40 and… Read More

European SME Lender October Reports More Projects Funded Last Year than 2018, 2019, 2020 Combined

Earlier this month, the team at marketplace lender October had shared an open letter with their community. October wrote in its open letter that last year, they had committed to working hard, “with enthusiasm and curiosity.” They had promised to lend more efficiently to businesses,… Read More

European SME Lender October Reveals that Investors are Increasingly Seeking “Safe” Investments

European SME lender October reveals that 2021 was an “intense year” for their platform. October notes that not only was it their best lending year so far on record, with more initiatives financed than the past 3 years combined, but also “the one of multiple… Read More

European Lender October Funded a Record 840 Projects in 2021

The CEOs and team at European online lender October have thanked all their retail lenders and institutional investors, as they closed out 2021. The company has been focused on lending everyday to European SMEs. October writes in a blog post that in 2021, platform users… Read More

European Lender October Receives €30M Investment from Invest-NL and EIF

European marketplace lender October has reportedly acquired a €30 million commitment from the European Investment Fund (EIF) and the Dutch impact investor Invest-NL in the context of the European Guarantee Fund (EGF) and the Dutch Alternative Credit Instrument mandates. As noted in an update from… Read More

October CEO Olivier Goy Says that as A Fintech Platform, they Welcome State Guaranteed Loans in Certain Jurisdictions

Online marketplace lender October is currently active in five European nations. October CEO and Founder Olivier Goy recently noted that he launched October 7 years ago in France. While commenting on the financing landscape 7 years back and now and the challenges and opportunities this… Read More

Bpifrance Leverages October Connect Tech to Streamline its Digital Risk Analysis

European online marketplace lender October notes in a recent blog post that as part of the economic support plan following the Covid-19 outbreak, Bpifrance introduced the digital Prêt Rebond (Rebound Loan) back in in April 2020, in partnership with the French Regions, allowing SMEs of… Read More

Small Business Owner Reveals How they Borrowed €465K from 3,000+ Lenders via October to Maintain Operations

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More

European Asset Managers are Expected to Deploy Capital at Accelerated Pace, October Reveals

Asset managers are set to deploy capital at an accelerated rate, according to an update from European online lender October. Despite the global 2020 Covid-19 outbreak and resulting socioeconomic uncertainty, the asset management sector is going strong, if not stronger, the team at October reveals…. Read More

October is a Welcome €650 Million Lifeline for Grateful European SMEs

European SME lender October began by building a product for internal use, but the industry needed it too, so they branched out, COO Patrick de Nonneville said. October was founded in 2015 after de Nonneville had been looking at some Fintech investments in Europe. It… Read More

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

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