1<br />EmpoweringSMEs to betteraccess to finance :<br />the example of online peer-to-peer finance<br />“Benefits of the D...
A supportive environment for a new system of financing businesses : online peer-to-peer finance<br />Banking system in cri...
3<br />Equityinvestmentplatforms(P2PVenture)<br />
4<br />Crowdcube (UK)<br />
5<br />Wiseed (France)<br />
Small Business loansplatforms (P2PLending)<br />6<br />
7<br />Lending Club (US)<br />
Funding Circle (UK)<br />8<br />
FriendsClear (France)<br />ENTREPRENEUR - BORROWER<br />Loan amount<br /><ul><li>Min  :  3.000 euros
Max : 25.000 euros</li></ul>Loan duration<br /><ul><li>3 years (monthly payments)</li></ul>LENDER<br />investment  amount ...
Entrepreneur profile<br />« Be Bio »<br />
Experiencefrom the field : whatisworking ?<br />Benefits traditionally associated with online disintermediation<br />Banki...
Experiencefrom the field : whatneeds to beimproved ?<br />Lack of standardisation (believe it or not) among european count...
14<br />Q&A<br />Jean-Christophe Capelli<br />CEO<br />FriendsClear<br />jeanchristophe@friendsclear.com <br />Web :  http...
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A better access to finance for SME's with online peer-to-peer finance

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Peer to peer finance platforms for small businesses can become the equivalent of a small business bond market, giving them access to highly liquid markets ad providing a much needed alternative to bank lending

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Transcript of "A better access to finance for SME's with online peer-to-peer finance"

  1. 1. 1<br />EmpoweringSMEs to betteraccess to finance :<br />the example of online peer-to-peer finance<br />“Benefits of the Digital Agenda for SMEs”<br />ACCA and UEAPME<br />EuropeanParliament  <br />6 October 2011<br />Jean-Christophe Capelli, CEO, FriendsClear.com<br />
  2. 2. A supportive environment for a new system of financing businesses : online peer-to-peer finance<br />Banking system in crisis : risk-aversion among “plain old’” providers of finance<br />A general resurgence of entrepreneurs and entrepreneurship<br />Low interest rates offered by saving accounts + lack of attractive financial products for personal investors<br /> Rise of “social” or “peer to peer” (p2p) finance, where individuals rather than financial institutions lend to or invest in small businesses<br />2<br />
  3. 3. 3<br />Equityinvestmentplatforms(P2PVenture)<br />
  4. 4. 4<br />Crowdcube (UK)<br />
  5. 5. 5<br />Wiseed (France)<br />
  6. 6. Small Business loansplatforms (P2PLending)<br />6<br />
  7. 7. 7<br />Lending Club (US)<br />
  8. 8. Funding Circle (UK)<br />8<br />
  9. 9. FriendsClear (France)<br />ENTREPRENEUR - BORROWER<br />Loan amount<br /><ul><li>Min : 3.000 euros
  10. 10. Max : 25.000 euros</li></ul>Loan duration<br /><ul><li>3 years (monthly payments)</li></ul>LENDER<br />investment amount :<br />-Min : 100 euros per project<br /><ul><li>Max : 30.000 euros/year</li></li></ul><li>10<br />FriendsClear (France) <br />
  11. 11. Entrepreneur profile<br />« Be Bio »<br />
  12. 12. Experiencefrom the field : whatisworking ?<br />Benefits traditionally associated with online disintermediation<br />Banking costs are cut<br />Due diligence are performed by a collaborative work between investors<br />Social networks allow to leverage an unprecedented volume and depth of information on entrepreneurs and their projects<br />No middleman : better return for investors / cheaper access to finance for entrepreneurs<br />Loans default rates kept low (peer pressure)<br />12<br />
  13. 13. Experiencefrom the field : whatneeds to beimproved ?<br />Lack of standardisation (believe it or not) among european countries<br />Banking regulations are VERY different among europeanscountries<br />Consumer regulations are different (as far as banking services are concerned)<br />The importance of financial transparency in an online world. <br />Need for better (positive) credit scoring / rating in some european countries (both for entrepreneurs themselves and SMEs) <br />Hi-quality financial reports and forecasts are required (even for SME’s)<br />13<br />
  14. 14. 14<br />Q&A<br />Jean-Christophe Capelli<br />CEO<br />FriendsClear<br />jeanchristophe@friendsclear.com <br />Web : http://www.friendsclear.com<br />

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