Grow.ly
P2P lending platform for SMEs.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €400k | Seed | |
| Total Funding | 000k | ||
| EUR | 2019 | 2020 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | (55 %) |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (68 %) | (127 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Established in Madrid in 2013, Grow.ly emerged as a pioneering force in Spain's financial technology sector, introducing one of the country's first crowdlending platforms. The company was founded by Mireia Badia, who serves as its CEO. Badia's background includes a degree in International Business from Universidad Pontificia de Comillas and experience working in banking in both Spain and the UK for institutions like ING Direct and Santander UK. This experience within traditional finance, coupled with her observation of the burgeoning collaborative economy abroad, inspired her to create an alternative financing solution in Spain.
Grow.ly operates as a peer-to-business (P2B) lending marketplace, directly connecting small and medium-sized enterprises (SMEs) in need of capital with a diverse pool of investors, which includes both individuals and corporate entities seeking to achieve a better return on their savings. The business model is centered on its online platform, which facilitates these transactions without Grow.ly acting as a direct lender. For SMEs, the process begins with an online loan application, which the company analyzes to provide a feasibility assessment within 48 hours. For investors, the platform offers the opportunity to lend directly to a portfolio of vetted Spanish businesses.
As a key player in the alternative finance market, Grow.ly was an active participant in the legislative process that led to the regulation of crowdfunding and crowdlending activities in Spain. The company successfully obtained its license as a Participatory Financing Platform (PFP) from the CNMV, Spain's national securities market commission, a significant milestone that solidified its position in the market. In 2022, following a strategic analysis of market synergies, Grow.ly merged with StockCrowd IN, a real estate crowdlending platform, with Mireia Badia assuming the role of CEO for the combined entity.
Keywords: crowdlending, P2P lending, SME financing, alternative finance, peer-to-business lending, fintech Spain, Mireia Badia, business loans, investment platform, debt financing, small business loans, financial technology, PFP, CNMV regulated, direct lending, investor marketplace, corporate finance, startup financing, loan marketplace, StockCrowd IN