October is becoming an important technological partner for European support plans during the economic crisis due to its provision of government-backed loans.
The company is an SME lending marketplace working with small companies in France, Spain, Italy, Netherlands and Germany that need a credit line. The company evaluates risk before handing out loans using industry-specific data analysis and human analysts. On the other side of the marketplace, individuals can contribute to SME financing.
October has grown exponentially since its inception and the acquisition of its competitor Credit.fr - the second-largest lending platform for French SMEs reflects this growth. The company is also very eco-conscious, having joined forces with Climate Act - which specialises in startups and scale-ups that wish to reduce their carbon emissions and environmental impact. October is laser-focused on company growth and is keen to expand into new markets.
Steph
Company Specialist at Welcome to the Jungle