October Company Profile

Background

Company Overview

October, formerly known as Lendix, is a European financial technology company specializing in providing financing solutions to small and medium-sized enterprises (SMEs). Founded in 2014 by Olivier Goy, Thomas de Bourayne, and Matthieu Soulé, the company operates across multiple European countries, including France, Spain, Italy, the Netherlands, and Germany. October's mission is to democratize access to financing for SMEs by connecting them directly with investors, thereby fostering economic growth and innovation within the SME sector.

Mission and Vision

October's mission is to empower SMEs by providing them with accessible and flexible financing options, enabling them to realize their growth potential. The company's vision is to create a transparent and efficient financing ecosystem that bridges the gap between SMEs and investors, promoting sustainable economic development across Europe.

Industry Significance

As a pioneer in the peer-to-peer lending space, October has significantly impacted the SME financing landscape in Europe. By leveraging technology to streamline the lending process, the company has enhanced access to capital for SMEs, which are often underserved by traditional financial institutions. This approach has contributed to increased innovation, job creation, and economic resilience within the SME sector.

Key Strategic Focus

Core Objectives

Democratizing Financing: Provide SMEs with direct access to a diverse pool of investors, reducing reliance on traditional banking channels.

Transparency and Efficiency: Utilize technology to create a transparent and efficient lending process, ensuring fair terms for both borrowers and investors.

Sustainable Growth: Support the growth and scalability of SMEs by offering tailored financing solutions that align with their specific needs and objectives.

Areas of Specialization

SME Financing: Offer loans ranging from €30,000 to €5 million, catering to various industries and business models.

Investor Relations: Engage a community of individual and institutional investors, facilitating a collaborative investment environment.

Risk Assessment: Implement robust credit risk evaluation processes to ensure the financial health and repayment capacity of borrowers.

Key Technologies Utilized

Digital Platform: An intuitive online platform that connects borrowers and investors, streamlining the loan application and investment processes.

Data Analytics: Advanced data analytics tools to assess creditworthiness, monitor loan performance, and inform investment decisions.

Automated Processes: Automation of administrative tasks to reduce operational costs and enhance service delivery.

Primary Markets Targeted

Geographical Focus: Primarily European markets, with a strong presence in France, Spain, Italy, the Netherlands, and Germany.

Industry Focus: SMEs across various sectors, including manufacturing, retail, technology, and services.

Business Stage: Established businesses with a proven track record, seeking growth capital.

Financials and Funding

Funding History

October has successfully secured multiple funding rounds to support its growth and expansion:

Seed Round (2014): Initial funding to launch the platform.

Series A (2015): Undisclosed amount to enhance platform capabilities.

Series B (2016): €32 million to expand operations.

Series C (2018): €35 million to further growth initiatives.

Series D (September 2020): €302 million to scale operations and enter new markets.

Total Funds Raised

As of May 2025, October has raised a total of $391 million across eight funding rounds, reflecting strong investor confidence in its business model and growth prospects.

Notable Investors

Partech Ventures: Early-stage venture capital firm supporting technology-driven companies.

CNP Assurances: French insurance corporation investing in innovative financial services.

Matmut: French mutual insurance company with a focus on digital transformation.

Allianz: Global insurance and asset management company.

Idinvest Partners: European private equity and venture capital firm.

Utilization of Capital

The raised capital has been allocated towards:

Platform Development: Enhancing user experience and integrating advanced analytics.

Market Expansion: Entering new European markets and increasing market share.

Operational Scaling: Building infrastructure to support a growing customer base.

Pipeline Development

Key Pipeline Candidates

October's pipeline includes a diverse range of SMEs seeking financing across various sectors, with a focus on:

Manufacturing: Companies aiming to scale production capabilities.

Technology: Startups and established firms developing innovative products and services.

Retail: Businesses expanding their market presence and e-commerce platforms.

Stages of Development

Loan Application: SMEs submit detailed loan applications through the October platform.

Credit Assessment: October's team conducts thorough credit evaluations using proprietary algorithms.

Investor Matching: Approved loans are presented to the investor community for funding.

Disbursement and Monitoring: Once funded, loans are disbursed, and repayment progress is monitored.

Target Conditions

Loan Amounts: €30,000 to €5 million.

Loan Terms: Flexible terms tailored to the borrower's needs.

Interest Rates: Competitive rates based on creditworthiness and market conditions.

Anticipated Milestones

Platform Enhancements: Ongoing updates to improve user experience and operational efficiency.

Market Penetration: Achieving significant market share in existing and new European markets.

Investor Growth: Expanding the investor base to include more institutional investors.

Technological Platform and Innovation

Proprietary Technologies

October Connect: A proprietary tool that enhances risk analysis and portfolio monitoring, providing real-time insights into loan performance.

Significant Scientific Methods

Data Analytics: Utilizing advanced data analytics to assess creditworthiness and monitor loan performance.

Machine Learning Algorithms: Employing machine learning to predict loan defaults and optimize investment strategies.

Leadership Team

Key Executives

Olivier Goy: Co-founder and Chairman. Olivier has a background in finance and entrepreneurship, having previously founded 123 Investment Managers.

Patrick de Nonneville: Co-founder and CEO. Patrick brings extensive experience in banking and financial services, focusing on digital transformation.

Thorsten Seeger: Chief Financial Officer. Thorsten has a strong background in financial management and corporate strategy.

Leadership Changes

November 2021: Olivier Goy transitioned to the role of Chairman of the Supervisory Board, while Patrick de Nonneville assumed the role of CEO.

Competitor Profile

Market Insights and Dynamics

The European SME financing market is characterized by a growing demand for alternative lending solutions, driven by the need for faster and more flexible financing options. Digital platforms like October are well-positioned to meet this demand by offering streamlined processes and direct access to capital.

Competitor Analysis

Anyfin: A Swedish fintech company offering refinancing solutions to consumers, focusing on debt consolidation.

Lend: A Swiss-based platform providing SME financing, similar to October's offerings.

Silvr: A French fintech company specializing in revenue-based financing for SMEs.

Strategic Collaborations and Partnerships

October has established strategic partnerships with several institutional investors, including Allianz, CNP Assurances, and Idinvest Partners, to enhance its lending capacity and market reach.

Operational Insights

October differentiates itself through its user-friendly digital platform, comprehensive risk assessment methodologies, and a strong network of investors, enabling it to offer competitive financing solutions to SMEs across Europe.