Crowdfunding

Crowdfunding competitors analysis

Here you have a list of crowdfunding plaforms in diffrent categories.

1. Consumer Lending Category

	ZOPA	SMAVA	YES-SECURE.COM	RATESETTER	QUAKLE
Launched:	March 2005	March 2007	June 2010	October 2010	October 2010
Members	400,000	21,000	5,145	21,278
Money Matched	EUR 141 m	EUR 47m	EUR 295.000	EUR 827,000	EUR 18,000
Default rate:	0.7pc	0.6pc	None. Expected default rate of up to 12pc for higher-risk borrowers	None so far, expected rate lower than 1.4pc	None. For A and B-rated borrowers it is anticipating a default rate below 1pc; for C and D-rated borrowers less than 3pc
Fee paid by lenders:	1pc of the amount lent	1.35pc of the amount lent & 0.5€ / Month	0.9pc	10pc of the interest they receive	None
Fee paid by borrowers:	Flat fee of £124.50 once loan is approved	2.5pc of loan once it’s agreed (min of 60€)	£80 flat	£115 flat fee for a three-year loan; £5 monthly charge in the rolling market	1.5pc of loan once it’s agreed
Profile of borrowers:	Only lower-risk borrowers accepted, generally A* to C	From A to H (according to SCHUFA criterias)	From A* to E	Prime risk, primarily A and A*	Lower end – 70pc of borrowers are C-rated
How checked:	credit record through Equifax , Experian or CallCredit.	Grade dependent on credit reports from SCHUFA	Rating based on CallCredit report. Yes-Secure asks for a copy of their payslip and a recent bank statement	Credit reports from Equifax and CallCredit, plus manual assessment.	Grade dependent on credit reports from Equifax
Average return for lenders:	8.1pc over past year, after charges	from 6,2pc 15,2pc	Rates advertised from 15pc to 30pc	7pc for three-year loans; 3.3pc in monthly market	23.5pc
Spread of payments:	No more than £10 with any one borrower		Lenders contribute 5pc of the sum asked for; rising to 15pc if you have made an “online connection” with the borrower	Money spread among all borrowers, regardless of their credit risk	Low at present. Aims to create “autolending” function in future to increase diversification
Fund to cover bad debts:	No	?	No, but plans to launch one soon (people rated by their community)	Yes	No

2. Business Growth category

	WISEED	COFUNDIT	FUNDING CIRCLE	BELIEVERSFUNDS	PROFOUNDER	crowdcube.com	GROWVC
Launched:	January 2010 (FR]	June 2010 (SWLD]	August 2010 (UK)	October 2010 (BEL)	November 2010 (USA)	January 2011 (UK)	February 2010
Model	Equity	Debt	Debt	Preorder / revenue sharing	Revenue share	Equity	Equity
Amount lent/invested to date:	1.4m€	250K€	13m€ (bid on loan requests)	20K€	237K€	2,8K€	20m$
Nb of investors	4800	15 (48 members)	1600	1080	262	108	6000
Average invest	750 €	5,200 €	730€ (3.400€ account)	250 €	900 €	255 €	4000USD
Nb of startups financed	14	1	35	13	11	0
Minimum invest	100 €	2,000 €	£20	10USD	NA	10£
Traffic per day	1,100	581	2,138	900	3,870	1,932	2,900
% Local users	86%	37%	71%	12%	55%	43%	20%
Description	Investment in startups from 100€ (Equity)	Business Loans, Expert Analysis and Private Investments using Crowd Funding and Open Innovation	Peer to Peer Social Lending to Businesses – People lend to lots of creditworthy businesses to spread their risk	connect developers with funders to realize innovative mobile apps for Apple iOS and Android.	Raise money for your business. Let your community help.	Crowdcube (U.K. only), which will allow funders to purchase equity in startups, although they need to be friends and family
Terms	3 to 7 years before exit	The loan lasts no more than 3 years	Loans last for 1 or 3 years		Loans last for 1 to 3 years	N/A
Type of Startup financed	Youg innovative startups	Existing and proved businesses with short term repayement capacity	Existing and secured businesses	App Builders	Entrepreneurs and small businesses	Entrepreneurs and small businesses

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