Top 5 Peer-to-Peer (P2P) Lending Platforms in France 2023

If you’re a French investor who’s interested in P2P lending, there are several excellent platforms you can consider. These platforms currently offer some of the best opportunities for investing in peer-to-peer lending in France:

Best local platforms for peer-to-peer lending in France

In France, there are several P2P lending platforms that cater to various financial needs such as small business financing, personal debt, real estate, and more. Below are some of the leading P2P lending platforms in France:

History of peer-to-peer lending in France

Peer-to-peer (P2P) lending, also known as crowdlending or marketplace lending, is a type of alternative financing where individuals or businesses can borrow money from multiple investors without the involvement of traditional financial institutions. In France, the P2P lending industry started developing in the late 2000s as a response to the financial crisis, which led to increased demand for alternative financing options.

One of the first P2P lending platforms in France was Friendsclear, launched in 2007, which initially focused on lending to individuals. However, due to regulatory constraints, the platform pivoted to focus on crowdfunding for small and medium-sized enterprises (SMEs).

Since then, the French P2P lending market has experienced significant growth with the emergence of several new platforms such as Lendix (now known as October), GwenneG, and Solylend.

Comparison with other countries

In comparison to neighboring countries, the French P2P lending market is relatively small but has been growing at a faster pace. The United Kingdom, for instance, is the largest European market for P2P lending, with platforms such as Funding Circle, Zopa, and RateSetter leading the industry. Germany is another significant player in the European P2P lending market, with platforms like Auxmoney and Smava.

While France’s P2P lending market is smaller in comparison to these countries, it is considered one of the most regulated markets in Europe, providing a more secure environment for investors and borrowers alike. The French regulatory framework has served as a model for other European countries looking to develop their own P2P lending regulations.

Best European platforms for P2P lending in France

To find the best P2P lending platform in France, investors should consider the fees and potential returns offered. Here are some of the most popular platforms in France:

  • Lendermarket: This user-friendly platform offers low fees and a range of high-return P2P lending options.
  • Esketit: Popular for short-term loans, Esketit offers high-potential projects for investors.
  • Reinvest24: Investors can access real estate equity investments in Europe through this crowdfunding platform.
  • AxiaFunder: This unique platform specializes in litigation crowdfunding for investors who are interested in investing in lawsuits.
  • PeerBerry: Investors can choose from personal, business, and real estate loans on this platform, which also offers a buyback guarantee.

By researching and comparing these platforms, investors can find the best fit for their investment goals and potentially earn higher returns on their investments.

FAQ about P2P lending for French investors:

In France, opting for foreign P2P lending platforms has several benefits. Lenders can tap into a larger pool of potential borrowers, offering a broader range of investment choices. Furthermore, foreign platforms may offer better rates and terms than local lenders. European P2P lending platforms are particularly advantageous as they attract a diverse and international investor base, ultimately increasing investment liquidity and minimizing risk.

Using a local P2P lending platform in France has several advantages. Firstly, it provides convenient access to French borrowers and lenders, making it an ideal option for those who want to support their local community. Moreover, local platforms offer more customized services to borrowers who are familiar with the local market, taxes, and regulations. By using a local platform, you can also avoid the potential costs of converting funds from foreign lenders, which can be expensive due to exchange rate fluctuations. However, this will depend on the currency in which you want to invest.