Ener2Crowd Launches Fidogreen, an Alternative Finance Solution for ESG Corporate Projects

Ener2Crowd , Italy’s leading equity and lending crowdfunding platform for sustainable investments, has launched a focused service through which companies can receive substantial support for their ESG initiatives.

It is called “FidoGreen” to underline the profile of trust and collaboration that allows it to be established with alternative finance and with investors who care about the sustainability of our economy.

FidoGreen – An alternative finance tool for ESG projects

In addition, Ener2Crowd has also implemented the “variable rate”, an innovative idea for crowdfunding that we wanted to pioneer.

This was explained by Giorgio Mottironi , CSO and co-founder of the benefitEner2Crowd company, Chief Analyst of the GreenVestingForum , the green alternative finance forum, as well as Special Assistant to the Secretary-General for Environmental and Scientific Affairs of the World Organization for International Relations (WOIR ).

With FidoGreen and the variable rate, the Ener2Crowd.com platform wants to further strengthen its image as a social financial movement which in fact constitutes the largest widespread investment fund in the energy transition present in Italy today, with more than 13,000 customers.

« Entrepreneurs are constantly looking for capital and economic resources to finance and achieve their objectives focused on ESG parameters, in order to actively become part of this green revolution that involves all sectors today » underlines Niccolò Sovico , CEO and co- founder of Ener2Crowd.

How Fidogreen works

The amount of funds that the platform can grant to a company depends on a number of factors, including the “loyalty” of the applicant: the greater the demonstration of reliability in respecting commitments with investors, the greater the predisposition to support the ‘agency.

But thanks to this approach it is possible to create a “trusted” dimension of people ready to support your ESG initiatives.

“In practice, FidoGreen is a solution that is based on the specific debt capacity for each initiative and total for each company, to implement initiatives compliant with ESG criteria, as clearly defined in the European Union taxonomy, also considering company size, the duration of the relationship with investors, the exposure of the applicant and punctuality in payments » adds Sergio Pedolazzi, another founding partner of Ener2Crowd and responsible for the development of the offering portfolio.

“We start from a first tranche of financing which can vary from 150,000 to 500,000 euros, reaching a maximum of 5 million euros per year, a limit imposed by the European regulation on crowdfunding.”

The interest rates offered are correlated to the trend of the Euribor for variable rates and the Eurirs for fixed ones, applying a spread that keeps the investment attractive for the crowd without representing an excessive cost for companies.

According to Ener2Crowd, FidoGreen is on the one hand more competitive than a “corporate” bank loan (for companies) and on the other more competitive than a specialized investment fund (for investors).

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(Featured image by geralt via Pixabay)

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