As already expected last June, crowd-investing platform CrowdFundMe, listed on Euronext Growth Milan, yesterday, November 10th, finalized the acquisition of 51 percent of the share capital of Trusters S.r.l., among the Italian leaders in the real estate lending crowdfunding sector.
The two companies had already started a path of integration since the first signing of the agreement in June, aimed at creating important synergies, which led the investments made on Trusters to grow in the second half of 2022, exceeding the monthly average of the first six months, and, in particular to 1.14 million in July, 1.5 in August, 1.5 in September and, 1.8 in October, an all-time record. A growth, therefore, in four months of 40 percent compared to January-April 2022 and 166 percent compared to July-October 2021.
The results also result from the synergy of communication activities and integration of customer bases. In particular, between June and October 2022, more than 1,200 new investors registered on Trusters, surpassing the result of the January-May period (approx. 850 new investors).
The aggregate results of the two companies show total funding of 125.45 million and more than 77,000 registered users, while the 2021 aggregate funding alone amounted to more than 41 million.
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CrowdFundMe, in addition to strengthening its presence in the alternative finance market, has expanded its offering of investment products for building a diversified portfolio
In fact, the CrowdFundMe-Trusters group can now offer Equity Crowdfunding, Minibond and Lending Crowdfunding and Real Estate Crowdfunding instruments.
Real estate crowdfunding, in particular, represents a particularly dynamic market with great potential: according to Crowdfundingbuzz data, in 2021, it raised €99 million compared to €65 million in 2020 (+52.3 percent).
Tommaso Baldissera Pacchetti, President and CEO of CrowdFundMe, commented, “The acquisition, which was formally finalized today but has been operational since June, has already shown the validity of our growth strategy by exogenous routes. In fact, Trusters, thanks to the synergy of communication and the integration of the customer base, has registered a significant growth in investments to an all-time record of 1.8 million monthly, recorded in October. This extraordinary operation, which makes us the first Italian fintech group focused on alternative finance, also allows CrowdFundMe to offer investors additional possibilities to diversify their portfolios, through Lending Crowdfunding and real estate projects that focus on short time horizons in terms of economic return.”
Edoardo Varacca Capello, Board Member & CFO of CrowdFundMe, emphasized, “The acquisition of Trusters represents an important milestone for CrowdFundMe: it allows the creation of a larger group with a more diversified revenue profile. In fact, the short duration of Trusters’ proposed operations allows for greater turnover of investor capital, making revenues more predictable and somewhat recurring. The combination of the two companies allows for significant economies on the cost side, making the structure more efficient and bringing into Trusters some best practices already applied in CrowdFundMe. The transaction, finalized through the issuance of new CrowdFundMe shares to Trusters shareholders, allows for the full use of available funds to support the development of both entities.”
Andrea Maffi, CEO of Trusters, commented, “The acquisition of CrowdFundMe is the natural consequence of our desire to continue with structured and quality growth. In particular, our goal is to establish ourselves in Crowdinvesting as a reference player not only in the real estate investment sector. Thanks to this strategic transaction with CrowdFundMe, we are able to offer a broad package of services characterized by new opportunities for financial diversification.”
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First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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