Model project
- Debt -
Financial solution: Crowdlending
Industry
Transport
Financing cost
14%
Amount requested
0,7M€
Financial Transaction
Loan
Goal reached
100%
Project Duration
12 months
Process Time
2 months
exit
Repayment of principal and interest
Project detail:
A startup with a vision to revolutionize urban mobility through the development of a compatible and efficient transportation application, aligned with traditional public transport, needs additional funds to continue its project.
Financial Challenge: To realize their vision, they require a new injection of funding. However, traditional bank loans are not a viable option due to their lack of credit history and collateral. Furthermore, the entrepreneurs were reluctant to give up a significant portion of their company to venture capital (VC) investors at this early stage, hence the need to explore new alternatives.
The Solution: Obtain such funds through a Crowdlending campaign specialized in technological and mobility projects, offering individual investors the opportunity to be part of the change and contribute to the future of urban transportation through loans with specified contractual conditions.