It is from the lending crowdfunding platform RE-Lender that the first campaign launched on Finnexta, the Chamber System’s equity crowdfunding portal.
The campaign, which has been in preview since Friday, May 19th, will open to the public from Monday, May 29th, and has a minimum fundraising goal of €350,000 and €1 million as its maximum goal, against a pre-money valuation of €12.12 million.
If you want to find more details about RE-Lender and its campaign launched on Finnexta, download for free our companion app. The Born2Invest mobile app brings you the most important financial news of the day for you to stay informed.
RE-Lender is a platform that through lending crowdfunding allows businesses to receive funding from small and medium-sized investors, who wish to invest directly in the real economy
The main driver of RE-lender is redevelopment. In fact, the projects that are posted on RE-Lender are exclusively about companies that carry out industrial, ecological, and real estate reconversions. The goal is to link profitability to sustainable and technological transition, but also to reuse and redevelopment of buildings or brownfield sites.
Born in 2019 from the idea of two Italian entrepreneurs, Paolo Manetta and Francesco Marella both with an established background in finance and technology, to date it has raised more than €35 million from more than 33,000 registered users, funding more than 35 companies.
After 12 months since its inception, the company has also reached the break-even point, ending 2020 with positive EBITDA and cash flow, with a CAGR (Compound Annual Growth Rate) 2019-2021 of 85 percent.
In its profile on Finnexta, the company states that it has revenues of €580,723 in 2021 and €1.03 million in 2022, with EBITDA of 40.8% and 29.9% respectively.
In the current year (2023) RE-Lender expects to generate revenues of €1.4 million and an EBITDA margin of 43 percent
The Innexta Chamber Consortium, which operates the Finnexta platform, says in its latest newsletter, “For Innexta, activating the Finnexta crowdfunding portal is just one more step in the implementation of the company’s mission: to make it increasingly solid, well-known, and convincing for small and medium-sized companies on the one hand, and small investors on the other hand, to avail themselves of digitized alternative finance products.”
Successful capital raising will enable RE-lender to consolidate its market share in Italy and expand into Spain, where it already has an office, and Portugal within the next two years.
In addition, the company has initiated an IPO (Initial Public Offering) process on the London Stock Exchange for listing by the end of 2024, aimed at further supporting its European expansion, acquiring new technologies and consolidating its position as a leader in the lending crowdfunding industry.
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.
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