In a recent development, Velocity Capital Fintech Ventures has added crowdfunder Lendahand to their portfolio, with an investment of €1 million. The money will be used to accelerate the growth of Lendahand – to date EUR 50 million has already been lent through the website – and to further implement the international expansion.
Willem Willemstein (Founder of Velocity): “We believe in the ability of entrepreneurs to make an impact through successful business models. As the largest social impact investing platform in the Netherlands, Lendahand has demonstrated its ability to link European investors and companies in emerging markets in an efficient and innovative way. Velocity is therefore happy to invest in the further rollout of this proven approach ”.