P2P platform EvenFi raises 2.2 million euros

EvenFi, a peer-to-peer investment platform from Italy, has raised 2.2 million euros. The startup will use the investment for further growth as well as product development. The funds came in part from its own investor community.

Peer-to-peer lending platform EvenFi, previously known as Criptalia, was founded in 2018. The company offers different types of loans of up to 5 million euros with an interest rate up to 12 percent per year.

‘Funding to expand our reach’

To date, the startup has raised 3.7 million euros in total. More than 500 thousand euros of the newly raised capital came from its own investors through an equity crowdfunding campaign. Over 200 investors took part in it.

Over 500.000 euros came from its own investors.

EvenFi will use the funding to continue growing their company and expanding its financial product range: “This funding will allow us to significantly expand our reach and bring our innovative products to even more customers,” says EvenFi’s CEO Diego Dal Cero.

Over 20 million euros in 240 loans

EvenFi offers traditional loans, equity loans and bond loans starting from 35.000 euros. Until September 2022, the lender has financed over 20 million euros in over 240 loans. The platform currently has over 20.000 investors.

European crowdfunding license

EvenFi is mostly active in Italy and Spain, but received authorization to raise capital across the European Union last November. The new European license for crowdfunding providers is meant to improve investor protection and transparency. To be approved, providers need to apply in a single member state and adhere to a uniform set of rules.