Tagged: october

December 20, 2020 @ 11:34 pm By Omar Faridi  |  

Europe-based online SME lender October noted that this year the Christmas holidays will be quite different for everyone. The digital lending platform pointed out that isolation and social distancing will limit the celebrations this holiday season. October also mentioned that for many small businesses, the… Read More

December 1, 2020 @ 7:49 pm By Omar Faridi  |  

Online lender October, which is one of Europe’s leading business financing platforms, has issued over €479 million worth of loans to 1097 different projects since it began offering services around 6 years ago. October has attracted 22,813 investors, which reportedly includes tier-one institutions as well…. Read More

November 26, 2020 @ 1:13 pm By Omar Faridi  |  

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

October 18, 2020 @ 4:50 pm By Omar Faridi  |  

Marc Sebag, the Chief Risk Officer at October, a top European online lender, had answered important questions last year (in June 2019) about defaults and the continuous improvements that the platform makes to its scoring model. The October team acknowledges that the COVID-19 outbreak has… Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

September 30, 2020 @ 7:21 am By JD Alois  |  

October, a top European online lender, has raised €258 million to lend to European SMEs, according to a note from the company. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. “These investors were all attracted… Read More

September 19, 2020 @ 9:55 am By Omar Faridi  |  

October, a leading European online lender, notes that in the past 5 years, it has issued over 450 million euros in loans to different companies. The marketplace lender reveals that 100 projects, or 10% of all projects that have received loans through its platform, were… Read More

September 6, 2020 @ 7:44 pm By Omar Faridi  |  

October, a leading European online lender, confirms that State guaranteed loans were recently introduced in France by the nation’s government in order to help businesses during the COVID-19 pandemic, as they might be struggling to maintain operations. October explains that the French government aims to… Read More

August 2, 2020 @ 11:30 pm By Omar Faridi  |  

October, a leading European online lender, reveals that it was definitely not “idle” during the month of July 2020, despite the challenges created by the global COVID-19 outbreak and the resulting economic uncertainty. October claims that July 2020 was a record month, during which 55… Read More

July 3, 2020 @ 8:13 am By Omar Faridi  |  

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

June 17, 2020 @ 1:50 am By JD Alois  |  

October, an online lender serving European SMEs, has launched a new predictive risk tool to instantly respond to requests for State Guaranteed Loans. Like other regions, the COVID-19 crisis has hit European businesses hard. In order to help them get back on their feet, the… Read More

March 20, 2020 @ 3:16 pm By Therese Torris  |  

The management of October, the Paris-headquartered European SME lending marketplace, announced today a three-month freeze on capital repayment in order to support the business continuity of its SME borrowers during the coronavirus crisis. A Capital Reimbursement Freeze The moratorium concerns loans granted by October to… Read More

March 3, 2020 @ 1:30 pm By Samantha Hurst  |  

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

January 15, 2020 @ 1:46 pm By JD Alois  |  

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More

December 23, 2019 @ 8:21 am By Therese Torris  |  

The French community of Fintech startups gathered at the annual dinner of the France Fintech Association to review the achievements of the past year and celebrate the holiday season. Crowdfund Insider took the opportunity to ask leading executives in Fintech and alternative finance to take… Read More

December 20, 2019 @ 9:29 am By JD Alois  |  

Yesterday, Crowdfund Insider reported on the agreed-upon legislation for harmonized pan-European crowdfunding rules. Having a single market for online capital formation has been a goal of crowdfunding industry leaders and industry participants for years. Industry advocates have worked diligently behind the scenes to push forward… Read More

December 7, 2019 @ 9:38 am By JD Alois  |  

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

November 28, 2019 @ 7:47 am By Omar Faridi  |  

The European Investment Fund (EIF) will reportedly be renewing its support to European SME, under the “Private Credit Tailored for SMEs” program. Support will also be extended by other established institutional investors such as Bbifrance, CNP Assurances, and Zencap. A new €100 million (appr. $110… Read More

November 14, 2019 @ 7:35 am By Omar Faridi  |  

October Nederland, a financing platform for small and medium-sized enterprises (SMEs) in Europe, celebrated its one-year anniversary on October 31, 2019. The firm’s application to operate as a Netherlands-based lending platform was approved last year by the Dutch Authority for the Financial Markets. October (formerly… Read More

October 3, 2019 @ 9:07 am By JD Alois  |  

Leading European marketplace lending platform October has joined with 5 Confidi entities belonging to Federconfidi and Rete Fidi Italia and with the European Investment Fund (EIF), to launch a €30 million fund to back Italian SMEs. Confidi are cooperative, non-profit guarantee consortia that facilitate access… Read More