Truffle Capital exits Credit.fr
Truffle Capital has exited Credit.fr, a crowdlending platform for SMEs, with Tikehau Capital acquiring the company for €12m.
Credit.fr has been incubated by Truffle since 2015, with an initial investment of €3m provided by the GP.
Tikehau said it has monitored SME crowdlending platforms for some time, especially in France, looking to expand its lending platform by bringing corporate financing to smaller businesses. The acquisition of Credit.fr should enable its investors and partners to broaden their investment policy, hitherto largely focused on medium-sized to large businesses.
Since its creation, Credit.fr claims to have financed 217 companies, raising a total of €13m through 13,000 loans from retail clients. Credit.fr now plans to continue its expansion in France and internationally, with the Tikehau partnership giving it access to institutional investors as new investors for its platform.
Company
Credit.fr is headquartered in Paris and was launched in March 2015. It enables retail clients to lend directly to smaller businesses and SMEs. The platform typically targets businesses with revenues of less than €3m.
People
Truffle Capital – Bernard-Louis Roques (CEO/co-founder).
Credit.fr – Thomas de Bourayne (CEO).
Tikehau IM – Guillaume Arnaud (managing director).
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