Based out of Rotterdam, Lendahand is an online impact investing platform regulated in the Netherlands. Recently, the crowdfunding platform has secured its €1 million funding target through its equity crowdfunding campaign on Seedrs with 425 investors. It’s worth mentioning that the round was launched earlier this month.
Founded by Koen The, Peter Heijen, and Peter Stolze in 2014, Lendahand is on a mission to eliminate poverty all over the world using crowdfunding. As per the company claims, it gives investors in Europe the chance to invest in people and businesses in emerging markets that don’t have access to the capital they desperately need.
“By providing debt financing to SMEs and financial institutions that have strong track records and proven business models, we’re able to help their businesses succeed and grow. As a result, they’re able to create new jobs and improve their local economies.”
Furthermore, these companies and institutions will pay the crowd with interest rates ranging from 3-7%. The Dutch company is planning to use this funding to expand investment portfolios and scale-up investor growth. Talking about the revenue model, “Our revenues are a function of the total volumes in projects successfully funded on the platform (Q) and the success fees charged per project (P).
The crowdfunding platform also charges a “success fee” to the company raising funds and it depends on the risk level and maturity of the project. The average upfront fee is currently approximately 3.2% for Lendahand projects and 5.5% for projects on Energise Africa.
“We’re helping fix the broken financial system in developing countries by providing a sustainable investment platform that our crowd of investors loves.”
Main image credits: Lendahand
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