Logo of October

October

Rank #7
Business Loans
Direct Marketplace Lending
Explore October
Bonus: Get €20 after investing €500.
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Funded Since March 2015
€766.02m
Avg. Nominal Interest Rate
5.87%
Minimum Investment
€20
Auto Invest
No
Secondary Market
No
Ring Fence
Yes
Regulated
Yes

What is October?

October operates a direct marketplace lending platform, which means it operates the "traditional" or "pure" P2P lending model and serves as an online space where borrowers can apply for loans and investors can fund projects. October is managed by OCTOBER, based in France. It's been granted a crowdfunding license from France's Organisation for the Single Register of Intermediaries in Insurance, Banking and Finance (ORIAS).

October enables you to provide funding to business owners by investing in business loans. You can also apply for funding if you are a business owner.

What does October offer?

At October, you can invest in projects denominated in EUR starting from €20.

October separates investors’ funds from the platform company assets and has a wind-down plan in place to ensure minimal damage in case the platform goes out of business. It discloses statistics about its funded loans on a dedicated public page and shares its monthly funding volumes with P2PMarketData.

Who founded October?

October was started in 2014 by Olivier Goy. Olivier has over 20 years of experience. His professional background is mainly in entrepreneurship, and fintech. Olivier has been, among other positions, a Founder & Chairman of the Board of 123 Investment Managers — an investment management company, and a Treasurer at FranceFintech — a french fintech association. He's graduated from EM Strasbourg Business School.

October Details

Legal Company Name
OCTOBER
Business ID
804 264 174
Main Currency
Euro (€)
Headquarters Location
France
Founded Date
September 2014
Launch Date
March 2015

How is October regulated?

License Name License Key Regulatory Entity Country
Crowdfunding Intermediary 15000364 Organisation for the Single Register of Intermediaries in Insurance, Banking and Finance (ORIAS) France

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