In Spain small businesses don’t have an alternative to banks when they need a loan. On the other hand, an investor has very few options to diversify his savings and get a good return on them.

Seeing this we’ve decided to create a crowdlending platform where we connect businesses that need a loan with lenders that want to get a higher return on their savings. This way, instead of the typical process where a bank collects money from consumers, turns it around and lends this money to another set of consumers, we’ve created a marketplace online where investors decide what businesses they want to lend money to, what quantity and at which interest rate.

Since our launch two years ago our lenders have already lent 3.5M€ to more than 100 Spanish businesses and our investors are obtaining an average of 6-7% yield rate with less than a 1% default rate at the moment. For the businesses, the study of the operation and the auction are free, we generate revenue from a comission that we cha...
In Spain small businesses don’t have an alternative to banks when they need a loan. On the other hand, an investor has very few options to diversify his savings and get a good return on them.

Seeing this we’ve decided to create a crowdlending platform where we connect businesses that need a loan with lenders that want to get a higher return on their savings. This way, instead of the typical process where a bank collects money from consumers, turns it around and lends this money to another set of consumers, we’ve created a marketplace online where investors decide what businesses they want to lend money to, what quantity and at which interest rate.

Since our launch two years ago our lenders have already lent 3.5M€ to more than 100 Spanish businesses and our investors are obtaining an average of 6-7% yield rate with less than a 1% default rate at the moment. For the businesses, the study of the operation and the auction are free, we generate revenue from a comission that we charge to the borrowers once they sign the loan and that goes from 2 to 3.5% depending on the amount and period of the loan. On the other hand we charge investors with a 0.85% anual servicing fee based on the amount outstanding on any loan they have when the borrower makes a payment.

In Grow.ly we want to change the way in which companies get a loan and we want to do it by creating a real alternative for businesses and an efficient and transparent product for investors that, besides getting a higher return on their savings, are looking also to help small business in Spain grow and develop.
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