The goal is to encourage companies by democratizing their funding and making it easier to succeed. Bearing the name Lendix, October was founded in France in 2014, thanks to a new law opening up the financial entity monopoly. Now, with entities in France, Spain, Italy, the Netherlands and Germany, they serve as a pan-European lending network.
They are building important connections among lenders and businesses.
With over 23 million businesses representing over 90 million positions, small and medium-sized enterprises are at the core of Europe's financial sector. The goal is to support growth by successfully matching funding wishes of private and institutional lenders.
They operate in Europe
Being a European platform essentially means additional money support for businesses and more resources for lenders to diversify. French, Spanish, Italian or Dutch small and medium-sized enterprises are able to borrow from lenders from these nations: that is not found often.
Accountability is the correct way of doing business.
Transparency ensures that the selection characteristics, the outcomes, the funding mechanisms and all the stats are always open to all sides of the market. Transparency is what renders the platform quick, easy to use and a trusty space.
October main features and highlights
- Business loans
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