What is PretUp?

PretUp is designed to develop the local economy by offering a new source of funding transparent, simple and fast access: social and solidarity-based finance
The platform relies on a network of intermediaries established in all Regions of France to propose projects of local businesses, which have development projects.

Crowdfunding site will propose in the coming months new products to support the company in the long term.

For all electronic banking flows, PretUp relies on reputable provider, S-Money, subsidiary to 100% BPCE (banks popular savings banks). Individuals abound their account by bank transfer or by credit card 3D Secure electronic money.

PretUp is a 100% subsidiary of Partners Finance, expert for 20 years in the financial restructuring of credit solutions. The Mentor, which group part PretUp and Partners Finance, has 430 employees and made a turnover in 2014 more 30 million euros with 19 million euros of equity.

The Pretup platform commissioning early may 2015, offers loans of 10 000 to 20 €000 on durations of 1 to 5 years. Rates are between 6 and 11%.

PretUp is a platform of crowdlending which aims to meet local businesses in research funding and individuals wishing to invest in these developing companies. Partners finance subsidiary, broker No. 1 in France of the consolidation of credits since 1996 working with more than half of banking partners (300 employees, + 20 M€ turnover). PretUp is approved with Orias as an intermediary in Crowdfunding (IFP).

PretUp is designed to develop the local economy by offering a new source of funding transparent, simple and fast access: social and solidarity-based finance
The platform relies on a network of intermediaries established in all Regions of France to propose projects of local businesses, which have development projects.

Crowdfunding site will propose in the coming months new products to support the company in the long term.

Pretup, a legal site

PretUp is approved as an intermediary in Crowdfunding (IFP) with the single register of insurance intermediaries, Bank (ORIAS) under the number 15001415.

the site is owned and operated by PretUp, SAS to the social capital of 200 €000, whose headquarters is located in Nancy (54000), 16 rue Victor Hugo.

How does it work with PretUp?

PretUp is a 100% subsidiary of Partners Finance, expert for 20 years in the financial restructuring of credit solutions.

The Mentor, which group part PretUp and Partners Finance, has 430 employees and made a turnover in 2014 more 30 million euros with 19 million euros of equity.

Specifically, PretUp is a platform for equity loans born from the desire to put in direct relation the individuals and companies in need of funding, by overcoming banking constraints.

PretUp brings together projects of local companies that need funding and individual investors looking to boost the performance of their savings.

 

 

Why choose PretUp?

According to Forbes the world market of crowdfunding in 2013 totalled 5.1 billion dollars including 55.2% for the gift, 41.6% for the loan and 3.2% for equity.

Emerged in the early 2000s, crowdfunding (or crowdfunding) platforms help project leaders to achieve it by collecting money from Internet users. These platforms are oriented gift of money either, ready, or equity (investment in the capital of the company).

 

Entrepreneurs are caught in an economic impasse, in which finding financing from banking institutions becomes a real obstacle course.

 What are the benefits of financing at pretup

This economic reality markets are opening and regulation is evolving to meet the needs of companies and funding for a project:

With a minimum of constraints
In a short time
By limiting the administrative intermediaries

• The interest rate more and lower-risk investments, an opacity in the management of assets: this is the daily reality for all savers in the smaller or more large investors.
• Simplicity and efficiency: this is what expect individuals of their savings; know where their money goes and get a good return.

PretUp is a platform of lending: small business companies can finance itself between € 2,000 and € 70000 on periods range from 6 months to 60 months. Individuals lend funds from € 20 directly to businesses ranging between 6 and 9% interest rates.

This platform is characterized by its:

1. Flexibility
   No guarantee, surety or contribution requested, unlike banking organizations.
2. Simplicity
   You apply for financing online in a few clicks. PretUp takes care of everything: fundraising to the formalization of the loan agreements.
3. Speed
   You get your financing a few days after collection. So, you can get a credit quickly.
4. Transparency
   The amount of interest and fees PretUp are known in advance. Maximum 60 months

The conditions for borrowing

PretUp offers to all companies (small business) with more than two years of seniority to apply for funding for any type of project, regardless of the business sector.
The amount of the loan must oscillate between € 10,000 and € 70,000 for a period of 1 to 5 years. Rates are between 6% and 11%, depending on the duration and the financial strength of the company.

PretUp performs a selection of applications for funding; starting from a detailed credit analysis. Financial data are crossed with the file FIBEN of the Bank of France and the data of financial data providers (CreditSafe / note-SME).

The selection of projects

Platform a score (between A-score highest and E-note low) corresponding to an assessment of the financial strength of the company. The rate of interest on the loan will depend on two variables: the score awarded to the project and the repayment period.
A financial analysis of the company is performed by the platform, from the file FIBEN of the Bank of France and in partnership with the financial data provider. This analysis is supplemented by discussions with the Manager to understand the business of the company. This analysis to determine current and future business, financial strength in order to assess its ability to pay monthly the deadlines of the loan granted.

Financial strength is determined based on criteria such as:

• The financial results of the past two years
• Development prospects of the companies (new markets.)
• The head of the company's professional experience
• The industry, competitors
• The age of the company

During this analysis of financial strength, we carry out all the steps necessary to prevent fraud (the identity of the bearer of the project, the financial health of the company, control of the domicile of the bank account where funds are transferred.)

Projects with a grade A match companies with the highest financial strength, those with a B rating are strong companies with financial strength. Projects with a C note are presented by companies with good financial strength, note D for companies whose financial strength is average and finally the E note for companies whose financial strength is low.

It is strongly recommended to allocate your investments on several projects in order to share the risk. If you want to invest a large sum, it is best to lend to companies so as to limit your exposure in the event of failure of a borrower.

How PretUp assigns a rating to a company?

A financial analysis of the company is performed by the platform, from the file FIBEN of the Bank of France and in partnership with the financial data provider (Score & Decisions). This analysis is supplemented by discussions with the Manager to understand the business of the company.

Projects with a rating of A (label on the job "Very low risk" card) correspond to companies with the highest financial strength, those with a grade of B (wording on the card project 'Low risk') are companies with financial strength strong.

Projects with a grade C (wording on the job "Moderate risk" card) are presented by companies with good financial strength, the note D (wording on the job "Strong risk" card) for companies whose financial strength is average and finally the note E (wording on the project "Risk very strong" plug) for companies whose financial strength is low.

Investors, why invest in pretup

 

Diversify your savings

Basically, diversification is a way to not lose all his money falling from a Simple medium. The idea is that by having several investment supports disconnected from each other, the lower one is not lower either.

Stay free

It is you who decide where your money goes. The era of the experts who know and investors who follow ended. Internet allows access to all the necessary information to guide investment choices.

Crowdfunding platforms just give access to all the necessary tools: you do your own research, you trade directly with executives of the companies, you see all financial documentation, and you share your opinions with other investors. You are now in control of your investments and you dial in a few clicks your wallet, as any finance Professional. Finally, investment opportunities are accessible to all, and only to a limited circle of insiders.

An accesible investment

The investment ticket starts at € 20 for a business project. Regulations, an individual has not allowed to invest more than € 1000 on a given project. However, there is no limit on the total amount lent to businesses via the platform. You can lend to as many companies as you like as long as the amount on a project does not exceed 1000.
Earn interest on a monthly basis

The company will refund a portion of the capital lent in each monthly due.

Income for 5 years

The projects are on the medium term, that is to say 5 years maximum. (60 months)

Have a warranty

The projects presented are guaranteed by the insurer Gan-Groupama to 50% of the capital loaned, without any fees for lenders. PretUp works closely with the Bank BPCE for the management of financial flows and currency accounts e (the balance of the accounts are guaranteed by the French State guarantee funds). Lenders identity documents are required only from € 1500.

To receive an exclusive bonus, use this link when you register with the 0JWN5CH1 promo code

The conditions for lenders

Individuals can pay 50 euros to any company.

PretUp will offer companies an insurance on the head of the company (death, disability); to cover the risk of default.

PretUp is only paid by the borrowers in % of the funding (between 3 and 4% of the amount requested, if the funds are found).

The platform includes no fees or management fee to lenders.

The loans offered on the platform work on the principle of depreciable fixed monthly credit. A schedule is established between each lender and the company, which sets the share of capital and interest on each due date (schedule is added to the available in the personal loan contract). As on a mortgage, the amount of interest is more important on the first deadlines.

The projects are on the medium term, that is to say 5 years maximum. (60 months)

The investment ticket starts at € 20 for a business project. This is the amount needed to open a payment account. Regulations, an individual has not allowed to invest more than € 1000 on a given project. However, there is no limit on the total amount lent to businesses via the platform. You can lend to as many companies as you like as long as the amount on a project does not exceed 1000.

Crowd funding is an alternative to bank financing; It allows the company to diversify its sources of funding in a context of contraction of access to bank credit for small – small business (following prudential regulations Basel 3 banks). No guarantee or personal guarantee is required to apply for funding on the platform. You know, as soon as your fundraising campaign, the total cost of your loan. Crowd funding can be very fast, the publication of your project lasts 30 days.

Opening an account at PretUp

Opening a "Lender" account is free. When registering, you will be asked personal information (name, phone, mail…). In your personal space, we will ask you to download documents (identity document, proof of domicile under three months, noted bank details RIB); You can take a photo from your mobile phone.

These documents are required as soon as the payment on your account "Lender" exceeds the € 1000 or for any refund of your "Lender" account to your bank account.

Bonus

To receive an exclusive bonus, use this link when you register with the 0JWN5CH1 promo code

How to optimize its investments?

You can reinvest on new projects for each refund deadlines. The money on your account "Lender" is not paid. Your interest rate is applied to the capital that you have yet to receive: you are of course more paid on principal already repaid since that it has been refunded. Concretely, if you pay EUR 1 000 to 8%, you will not receive €80 per year interest since your ready capital decrease over refunds. For €80 interest, you therefore lend to new projects at the rate of 8% the amounts received when your repayments.

 

Insurance lender of PretUp

Put PretUpa in place from October 15, 2015 a new insurance with the insurer Gan-Groupama through the broker Gras Savoye.

This new insurance will guarantee loans to a maximum of 50,000 euros against the risk of death when the leader of the borrowing company is less than 70 years old, and against the risks of permanent total loss of autonomy (TILA) when the leader is less than 67 years old.

The loans are insured against the risk of receivership or liquidation (RJ – LJ) of the borrowing firm provided that:

The borrowing firm has less than 36 months old on the day of the declaration of cessation of payments
The head of the company is less than 62 years old
The declaration of cessation of payments to intervene after a waiting period of 6 months
The loan is of a duration greater than 6 months
Insurance against the risk of receivership or bankruptcy to repay within 50% of the monthly instalments of the loan coming due, excluding interest on arrears and unpaid bills, and within the limit of 12 monthly payments.

Projects on which apply insurance are mentioned in the job card. The information notice is attached to the loan contract. For more information, you can consult the information notice or the terms of use.

Insurance is free for lenders. There is no impact on boiler compensation. Insurance premiums to adjust to the Gan-Groupama insurance company are supported by the PretUp platform.

The service "Associations" of PretUp

With the service "Associations" of PretUp, you can donate one-time or scheduled part of your interests to one of the partners, selected by PretUp Associations and working for entrepreneurship.

The Associations service offers several benefits:

An investment 100% solidarity: support directly to one of the Associations that help to the creation of companies and business leaders accompanying

Simple to make: you freely define the characteristics of your donations. Since your personal space, you set the Association, the percentage of interest to, the frequency of payment (the transferred amount is only the interest you earn and not the capital originally loaned).

The speed of the gift: with a single click from the personal space, a donation is made. PretUp is organized of all behind and don't cash any commission on these gifts.

Tax advantage of the gift: the payment of part of the interest to a recognized Association of public utility allows you to benefit from a reduction of tax on your income up to 66%. PretUp will make available to lenders who have made a donation tax receipts issued by the Association (at the beginning of the year)

Free and free of charge service: service Associations does not require opening a new PretUp account. Since your personal space, you can make your donations at any time.
The remuneration of the platform

PretUp is only paid by the borrowers in % of the funding (between 3 and 4% of the amount requested, if the funds are found).

The platform includes no fees or management fee to lenders.

A few numbers of PretUp

• 72 number of funded files
• €1 123 265 amount financed on PretUp
• €992 263 capital outstanding (CRD)
• 3480 number of lenders
• 7958 number of offers of loans issued
• €145 average loan on PretUp
• 25 average length of loan (months)
• 8,28% average loan rates
• 76 number of submitted projects
• 976 number of funding applications received