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Le financement participatif (ou le crowlending ) aux PME et TPE : mythes et réalités d’une innovation financière

Author

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  • Faten Ben Slimane
  • Evelyne Rousselet

Abstract

This paper analyses the crowdlending market which is substantially growing during these last years. The objective of the study is to assess the ability of this financial innovation to ease financing for SMEs and very small enterprises (VSEs). To achieve that, we conducted both documentary study of the most important French lending platforms and interviews with managers of these platforms and also with credit brokers. We find that lending platforms are opened to a larger number of companies. We also find that they offer an adaptable funding process for SMEs and VSEs. Their new functioning is progressively changing financial landscape pushing banks to reorganize their credit channel. By ?disturbing? traditional bank credit business model and by providing a new opportunities in terms of financing enterprises, our study concludes that we can consider crowdlending as a real innovative source of financing SMEs and VSEs. JEL Codes: O30, G23, M13

Suggested Citation

  • Faten Ben Slimane & Evelyne Rousselet, 2018. "Le financement participatif (ou le crowlending ) aux PME et TPE : mythes et réalités d’une innovation financière," Innovations, De Boeck Université, vol. 0(2), pages 15-39.
    • Handle: RePEc:cai:inndbu:inno_pr1_0043
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    Cited by:

    1. Bastien Lextrait, 2022. "Optimizing portfolios in the illiquid, unlisted market of SME crowdlending," EconomiX Working Papers 2022-23, University of Paris Nanterre, EconomiX.

    More about this item

    Keywords

    crowdlending; financial innovation; financing; SMEs; platforms; lending;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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