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Successfully funded
Capital at risk
overfunded
LoanBook
  • Equity
108%
Raised
£705,710
Investors
278
Target
£650,000
Equity
6.27%
Pre-money valuation
£10,547,596

Launched in late 2013 and based in Barcelona and Madrid, LoanBook is Spain’s leading marketplace lending platform, offering working capital loans of up to €200k to Spanish SMEs. With near a 40% market share, LoanBook has lent nearly €40m to date and has doubled its volumes in each of the last 3 years.

  • Spanish incorporated company with offices in Barcelona and Madrid
  • 20 multidisciplinary professionals with investment and finance focus
  • Backed by local Angels and Family Offices in multiple equity rounds
  • Institutional investors are increasingly active as lenders
Information Loanbook has received £340,000 of investment from current shareholders, local Business Angels and Family Offices. This investment is included in the progress bar.

Idea

Crowdcube video
The market
The market
Institutional investors are increasingly active as lenders
Institutional investors are increasingly active as lenders

We are Spain’s largest marketplace lending platform, with a 4-year track record of working capital lending to Spanish SMEs and ~40% market share.

The SME finance market in Spain is large, with over €10bn/month lent to Spanish SMEs. Well over 90% of this lending comes from Spanish banks, which have not yet recovered from the global financial crisis and are suffering from a failure to modernise in the years prior to the crisis. They are weighed down by unwieldy infrastructure, legacy systems, regulatory change and an outdated culture; and are more focused on repairing their balance sheets and restoring profitability, than on providing a high-quality service to their customers.

We have chosen to focus on short-term working capital loans (typically 3-12 months) as this is the product SMEs most value. It’s where we see the best risk/return for our investors – who also value the liquidity which S/T lending offers – and because the business processes involved in S/T lending can be almost entirely automated, allowing us to drive down costs and scale our business efficiently.

We have financed ~€40m of loans since launch and have doubled our volumes in each of the last 3 years,whilst achieving annual net returns of 5%+ for the investors. We have every confidence in maintaining that growth and performance in the future.

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