What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Scottish-European Growth Co-Investment Programme
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

EIB Group and Lendix join forces to step up financing for French and European businesses

  •  
    Date: 04 July 2017

The European Investment Bank Group (EIB) through the European Investment Fund (EIF) has joined forces with the Lendix platform to increase crowdlending for European businesses via a joint investment fund backed to the tune of EUR 18.5m by the EIB Group. The announcement was made on Monday 3 July 2017 at Lendix's offices in Paris in the presence of Bruno Le Maire, France's Minister for the Economy and Finance, Ambroise Fayolle, EIB Vice-President, Olivier Goy, CEO and founder of Lendix, and directors of micro-enterprises and SMEs that have obtained financing and who came to share their experience.

This is a particularly innovative crowdlending initiative that is consistent with the priority action of the French Government and the European Union to support businesses. It was welcomed by the Minister for the Economy and Finance:

“The signature of this project sends out a strong signal: through the EIB Group, the European Union is active in France, helping to finance innovative, promising projects. We are committed to our entrepreneurs. The French sector of excellence of Fintechs and start-ups, of which Lendix is one of numerous examples, will multiply its impact thanks to EU capital. It is the very symbol of Europe investing in its future.”

Thanks to the EIB Group’s participation, the joint investment fund associated with the Lendix lending platform now has a capacity of EUR 90m: it will be entirely dedicated to the financing and development of French, Spanish and Italian SMEs, with the dual advantage of facilitating effective and successful crowdlending for retail investors as well as business leaders and project promoters looking for finance. This new capital will supplement loans advanced by retail investors from France, Spain and Italy. This EU support aims to attract other investors and expand the range of financing offered by the Lendix platform.

At the event EIB Vice-President Ambroise Fayolle said: “This is a new and very promising source of financing for SMEs and project promoters in Europe. One of the key priorities of the EIB Group is to support investors and businesses in their development projects as they promote growth and employment. We are delighted to be the EU partner of a leading Fintech such as the Lendix platform and to help develop crowdlending. I hope that lots of investors join us to raise new finance in support of businesses."

“We are thrilled to welcome the EIB Group on board as a lender to Lendix. In addition to retail and institutional investors, we are now seeing top-ranking public institutions join us in support of the real economy”, said Olivier Goy, CEO and founder of Lendix.

After a little over two years of activity, Lendix, an SME lending platform in continental Europe, has helped raise EUR 95m in loans to French, Spanish and Italian SMEs thanks, on the one hand, to retail investors and, on the other, to top-ranking investors such as Bpifrance, CNP Assurances, Groupama, Zencap AM (OFI Group), Matmut and the “Prêtons Ensemble” (Lending Together) fund managed by Eiffel Investment Group (1).

As drivers of growth and jobs, SMEs and micro-enterprises are a priority for the EIB Group, which provides them with a range of diverse tools to facilitate their access to finance and thus support their 

development strategy. In 2016, EUR 5.5bn of investments – accounting for 70% of the EIB Group’s activity – were dedicated to businesses. Thanks to the EIF’s finance, more than 37 000 businesses have been supported in France, helping to create or preserve 15 000 jobs.

N.B.: Lending money to micro-enterprises and SMEs presents a risk of non-repayment and capital loss and requires your savings to be tied up.

About the EIB Group

The EIB Group comprises the European Investment Bank (EIB) and its subsidiary dedicated to supporting SMEs and microfinance, the European Investment Fund (EIF). The EIB is the bank of the European Union (EU) owned by its Member States. It provides finance and know-how in support of sustainable investment projects that contribute to the achievement of the EU’s key objectives.

Since 2012, on the strength of its expertise and the financial attraction of its AAA rating, the EIB Group has virtually doubled its volume of activity in France – reaching EUR 9.3bn in 2016 – in support of SMEs and innovation but also by financing investment in strategic sectors for the future such as climate action, energy, health, and youth education and training infrastructure.

Follow the EIB Group: www.eib.org / www.eif.org/france; Twitter: @eib

About Lendix

Lendix is the leading SME lending platform in France and continental Europe (source: Altfi) and was 32nd on the “FinTech 100” global ranking list compiled by KPMG and H2 Ventures in 2016. Lendix enables SMEs to borrow directly from individual and institutional lenders without going through banks. Lenders invest their savings usefully and profitably to facilitate the funding of the real economy whilst businesses find new, simple and effective sources of finance independently of banks. Lendix has already originated EUR 95m of loans for more than 250 development projects by SMEs of all sizes and from all sectors. Lendix operates in France, Spain and Italy.

Follow Lendix: www.lendix.com; Twitter: @lendix; Facebook: www.facebook.com/lendix

Press contacts:

EIB Group

Anne-Cécile Auguin
a.auguin@eib.org
Tel.: +352 43 79 83330
Mobile: +352 621 36 19 48
Website: www.eib.org/press
Press Office: +352 4379 21000 – press@eib.org
Follow the EIB on Twitter @eib.

Steele & Holt
Daphné Claude:
Mobile: +336.66.58.81.92
daphne@steeleandholt.com

Servane Taslé
Mobile: +336.66.58.84.28
servane@steeleandholt.com

(1) Sponsored by Aviva France, AG2R La Mondiale, MGEN and Klesia


 
 

Copyright ©

 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.