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.