Lendix acquires Finsquare, the approximation of sector
The first concentration of the players begin with the acquisition of Finsquare by Lendix. This will do very poorly, in fact finsquare has a net surplus of investors, is that rates go down?
This information is on the Lendix blog, I put what there is https://lendix.com/lendix-annonce-lacquisition-de-finsquare/
Lendix, number 1 french SME lending platforms, announces the acquisition of Finsquare, leader in short term loans.
"The offer of Finsquare meets a real need for companies and investors. It perfectly complements the Lendix offer on loans and the 18-month financial lease. It seemed logical to add this product to our financing solutions"said Olivier Goy, founder and president of Lendix.
Finsquare, leader on the short term loan, founded in 2014 by Polexandre Joly and Adrien Wiart, brings together a community of 3 500 active lenders who made more than €4 000 000 loans since its launch.
Polexandre Joly, co-founder and CEO of Finsquare, precise: "We are convinced that the transfer of Finsquare to the Lendix leader offers the best opportunity to our community of lenders and allows us to dedicate ourselves fully to the development of our business GoCreditPro"
Finsquare lenders will be migrated to the platform Lendix, where they can find all the information of their existing portfolio and invest in new projects. The loans now being protected by the Finsquare insurance continue to be; at the moment new loans made on the combined platform will not.
"We will have more ads on the topic of insurance in the second quarter" said Olivier Goy.
Taking into account the width of the needs of entrepreneurs financing, Polexandre Joly and Adrien Wiart decided to accelerate the development of the first site of internet of credit brokerage, leasing, factoring and bonding, Gocreditpro, offering a wide range of products to businesses. Lendix and GoCreditPro will work to continue to facilitate the financing of SMEs.
Become a solution for all financing of enterprises
Since the completion of its first loan in April 2015 to Alain Ducasse Entreprise, Lendix took the leadership of the market of lending to SMEs (40% of market) in having helped a hundreds of companies of all sizes to borrow more than 19 million euros to its community for unit loans ranging from € 30 000 to € 1,000,000.
The acquisition of a major portfolio of clients
Lendix with its important capital therefore bought its smaller competitor, a fusion of size in the french sector. Thus there are only unilend that works by auction.
One suspects obviously why, because Lendix wants to be one of the biggest players in the sector.
Changes in Outlook:
What we are certain is that there will be a merger of the accounts.
What is the Finsquare platform goes entirely disappear? Yes in late may, I asked
What is the referrals will disappear? Not on Lendix.
The accounts will be merged completely by end of May.
Finsquare has too many investors, how will it happen? No problems, lendix is fixed rate, however suggests that there will be records of projects following the craze fences.
The accounts are merged, can we remove on finsquare and put it on lendix? Not for reasons of Bank multi-client.
This fusion between number 1 and number 2 is Lendix the undisputed leader.
Are there projects that are still presented in Finsquare? Non
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