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Lande

Legal Name: SIA, LANDE Platform

Analysis

What is Lande?

Lande (formerly LendSecured) is an ECSP-licensed crowdfunding platform for farmers. It operates in Latvia, Lithuania, and Romania. Investors with a Single Euro Payments Area (SEPA) bank account can participate in agriculture loans secured by collateral such as land, machinery or grain. Since its launch in 2019, Lande has secured a total funding of more than €22.50 million, with more than €11.97 million funded in the past year, averaging a volume of €1.0 million every month.[1] The platform boasts a community of 7,000+ active investors.[2]

Key Takeaways

  • Lande offers three types of agricultural loans at a minimum investment of €50.
  • Interest rates vary between 10% and 13%, with investors receiving monthly payments.
  • Loans are backed by collateral and have a duration ranging from 1 to 34 months.
  • 6.5% of loans experience repayment delays of 5 to 30 days, 2.4% delayed by 31 to 60 days, and a 5.9% default rate.