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When banks meet crownfunding11-50 Employees
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When banks meet crownfunding
Yelloan is a French Fintech developing solutions aimed at facilitating the access to consumer credit for individuals. All its services are aimed at financial inclusion.
The first service proposed by Yelloan is the “garantie participative”, or “crowdfunded guarantee” in English. On a dedicated internet platform, yelloan.com, the credit applicant receives pledges from his friends and family, solicited through social networks such as Facebook. The pledged money is then used as a guarantee for the credit, thereby reducing the risk taken by the lender. Thanks to this crowdfunded guarantee, the lender is OK to grant the loan to the credit applicant, whatever its credit score.
Created in 2015, Yelloan raised funds for the first time in 2016 (EUR 1.75m from a venture capital fund). In 2017, the start-up won the “French Fintech of the Year” award from the Finance Innovation cluster and the “French digital innovation competition” (CIN from Bpifrance)!
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Michael Diguet
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Marc Diguet
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Paul PEYRE
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Founder @Yelloan, @yelloan-1-1
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