Listen to this articleBorsadelCredito is a European SME market P2P lending company which specializes in lending to micro and small enterprises. The P2P lending in Italy is still in its early stages and to advance the market the company has recently opened their platform to institutional investors. To find out more about their platform we sat down with Angelo Daniele Blancato, the President of BorsadelCredito:
Q: You’ve recently announced $1.79M in Series A Round; could you tell us something more?
A: This Series A Round allows us to introduce to our marketplace an important and new player: an institutional investor. This represent an achievement that will give us more currency to make more loans to Italian SME’s.
Q: What is the story behind BorsadelCredito, how did you start?
A: BorsadelCredito.it is the first Italian P2P lending platform dedicated to SME’s.
Previously operating as a credit broker, from September 2015 it opened its Peer to Peer lending platform, creating a digital Marketplace where businesses and investors collaborate together in order to get credit and grow their savings. The headquarters are located in the center of Milan, but the platform’s operations cover the whole country. Team is composed of young digital natives including Ivan Pellegrini, Co-founder and Chief Executive Officer, and Antonio Lafiosca, Co-founder and Chief Operating Officer.
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Q: What’s the benefit for companies that are using your platform?
A: On BorsadelCredito.it companies can apply for funding in 5 minutes and get it in 3 days; the application is totally online and offers a quick and transparent experience to enterpreneurs that are used to traditional banks;
Q: Who are the primary clients of BorsadelCredito?
A: Italian SMEs with a business run at least for 12 months and a with a turnover of € 50.000/y. On the other hand, we have italian investors that are the lending money to these italian SMEs with an higher return comparing to other available assets class on the capital market.
Q: What are your plans for the future?
A: We are working hard to create new funding opportunities to italian SME’s, thus became the landmark in this alternative market.
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