The lending crowdfunding campaign of EthicalFin NPL, a company that operates in the field of impaired loans, has started on the new portal of peer to peer lending for businesses BusinessLending.
The campaign, active until February 14th, 2021, has a minimum collection target of $42,000 (€35,000) and a maximum of $90,000 (€75,000). The subscribers of the campaign will be able to join by providing a loan as individuals, which will be repaid after 18 months, with an overall ROI of 8.25%. Anyone interested can join with a minimum investment ticket of $121 (€100) and a maximum of $10,500 (€8,750). The capital raised will be used to support the development of EthicalFin NPL through the adjustment of the organizational structure, recently integrated with the Società tra Avvocati Studio Legale Torre EF; the exponential growth of the current assets.
Alfredo Fineschi, CEO of EthicalFin NPL, said: “Two values in which we strongly believe are network and innovation. The Business Lending platform allows us to put these two things together: the possibility to meet people who believe in our goals and in our projects, to the point of helping us to realize them, and to be innovative in doing so.”
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BusinessLending was founded by Europay
The platform was founded by the company Europay Srl and performs peer-to-peer lending crowdfunding services as a payment agent of the Community Payment Institution Lemonway SAS, authorized by the Bank of France.
Europay Srl was founded on May 23rd, 2016, and obtained an individual license from the Ministry of Economic Development to provide postal services. In 2018, the Company’s extraordinary meeting resolved an increase in share capital to $60,500 (€50,000), a change in the company name and the adoption of new bylaws that include a change in the corporate purpose. The more than thirty years of experience of the Management, as well as the Company’s reference partner, led EUROPAY S.R.L. to register in the Single Register of Insurance Intermediaries, at IVASS and in the List of Agents in Financial Activity at O.A.M. Finally, in 2020 a new share capital increase to $605,000(€500,000) was resolved.
EthicalFin NPL is a debt recovery company based in Rome, established in 2017 and specialized in bank impaired loans
The objective of the company is to promote ethics and sustainability in the world of debt recovery; in particular, trying as much as possible to align the social impact towards debtors with the financial return in the head of investors in portfolios of impaired loans. The company, together with Francesco Torre, a cashier attorney at the law firm Gentili & Partners, launched the law firm Torre EF Società tra Avvocati in September 2020. EthicalFin NPL closed 2019 with revenues of 281 thousand euros (twice as much as in 2018); a mol of about $21,800 (€18,000) (up 165% compared to 2018), a profit doubled from $5,240 (€4,331) to $10,400 (€8,595) and a net financial position of $54,900 (€45,000).
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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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