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HeavyFinance Monthly Report 2021-11

2021-12-13

Another record month on the HeavyFinance platform. The results show that farmers are using the cold season to implement their future plans.

Grain farmers have been particularly active, since they often hold on to their harvests until mid-winter, when crops prices are higher, thus ensuring higher incomes. Naturally, this strategy limits the availability of working capital, especially when it comes to modernizing the machinery fleet, which requires more investment. After the busy season farmers devote more time and resources to speeding up and optimizing the farm's processes. That is why last month we issued 58 agricultural loans which reduced the sector's financing gap by more than €1.59 million. In addition to a record number of loans issued in November, we have also increased our focus on growth - the change of the website domain and the first institutional investor joining the site are proof that we are firmly moving towards filling the financing gap in the agricultural sector.

HeavyFinance domain change

Since its launch, the HeavyFinance crowdfunding platform has grown rapidly, not only attracting the attention of the international investor community but also offering a financing solution to a growing number of European farms. Due to the intense development and plans for growth, we feel that we have outgrown the previously used heavyfinance.eu domain and moved to heavyfinance.com, which better represents our goal of connecting as many investors and agribusinesses as possible.

The first institutional investor joins the HeavyFinance platform 

HeavyFinance's aim to grow the number of people interested in investing in agriculture is now joined by the first investment fund, which joined the active investor community. The new investor, the Swiss-based i2 Group, has already invested over €500,000 on the platform since the signing of the agreement. It is important to note that due to the rapid growth of HeavyFinance, the institutional fund should not affect the interest rate changes on the platform. 

Key results from November 2021

Amount of loan issued: €1,59M


During October HeavyFinnace issued 58 loans*.


*Fact that a loan is issued is the date the loan is financed by investors.

The cumulative amount issued: 13,5 million euros


*The number of loans issued was calculated including cancelled projects from which investors earned interest.

A number of registered investors: 165 new investors have registered during the previous month.


HeavyFinance on the media

EN

i2 group: i2 group partners with HeavyFinance to expand agricultural loan access in the EU

Valiqo: New P2P Lending Platforms in 2021

Startup Pill: 51 Best Vilnius FinTech Startups – The Future of FinTech

Market Watch: Europe Crowd Lending and Crowd Investing Market : In-Depth Industry Analysis on Size, Cost Structure

ES

Pepe Credito: HeavyFinance

LT

Verslo žinios: Pirmasis institucinis investuotojas „HeavyFinance“ platformoje įdarbino 500.000 Eur

Tik Saviems: 10 Perspektyvių, Vilniuje įsikūrusių Startuolių į Kuriuos Reiktų Atkreipti Dėmesį Apžvalga 2021 M. Ir Vėliau

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