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grow.ly

Founded Year

2013

Stage

Angel | Alive

Total Raised

$470K

Last Raised

$470K | 6 yrs ago

About Grow.ly

Grow.ly is a P2B lending platform, connecting businesses that need a loan with lenders who want higher returns for their savings.

Grow.ly Headquarters Location

Calle Serrano 16 Primera planta, Derecha

Madrid, 28001,

Spain

+34 91 - 435 93 36

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Latest Grow.ly News

Why the Crowdfunding Sector in Spain Fell 17% in 2020

Jun 14, 2021

With a market share of 29.4%, loan crowdfunding continued to be the leader in fundraising in Spain, despite having reduced the money lent by 40% compared to 2019, where it raised $100.5 million (€82.5 million), compared to $60 million (€49.16 million). The three leading platforms, MyTriple A, October, and Grow.ly, have reduced what was raised. With a share of 26.7%, equity crowdfunding was just behind. 0 The crowdfunding sector raised $203.4 million (€167 million) last year in Spain, 16.85% less than a year earlier, according to the Report on Crowfunding in Spain 2020, which has been prepared by the University of Jaén and the University of the Republic (Udelar) of Uruguay. The list is led by lending platforms, the so-called crowdlending, which reached $60 million (€49.16 million). Next are investment platforms (equity crowdfunding) with $54.3 million (€44.55 million) and, in third place, real estate crowdfunding, with a total of $35.7 million (€29.32 million) raised. In the fourth position appears donation crowdfunding, with 26.96 million, while reward crowdfunding reaches $20.77 million (€17.05 million). According to the report, for the first time, there is a decrease in fundraising in Spain as a consequence of the social and economic situation resulting from Covid-19. However, the decline of the crowdfunding sector in Spain has two key points, crowdlending and real estate crowdfunding and, in both cases, due to the influence of two leading platforms. Housers and Mytriple A have gone on to drag down overall fundraising when they were previously expanding it. Despite this reduction in fundraising, equity crowdfunding has remained firm and with record fundraising campaigns, while reward crowdfunding and donation crowdfunding have increased the resources raised. In addition, sectors such as loan crowdfunding and real estate have seen investments diversify and new platforms launch, which encourages us to think that this 2021 will be a great year for crowdfunding. Read more about the crowdfunding sector in Spain and find the most important business news in the world with our companion app Born2Invest. Real estate crowdfunding has given entry to new platforms in 2020 that have joined Housers, such as Urbanitae and Wecity With a market share of 29.4%, loan crowdfunding continued to be the leader in fundraising in Spain, despite having reduced the money lent by 40% compared to 2019, where it raised $100.5 million (€82.5 million), compared to $60 million (€49.16 million). The three leading platforms, MyTriple A, October, and Grow.ly, have reduced what was raised. With a share of 26.7%, equity crowdfunding was just behind. During 2020, there was a diversification of platforms, as well as a stability in investments, which have led it to raise $54.2 million (€44.55 million) in 2020, 6% less. 17.55% of the money raised in crowdfunding in 2020 was through real estate platforms, which raised $35.75 million (€29.36 million), 26.3% less. A sharp drop that is explained almost exclusively by the excessive dependence on a single platform. If Housers grows, the sector as a whole grows a lot and last year the platform raised less affected by the Covid-19 pandemic. The positive side of real estate crowdfunding has been that during the past year dozens of platforms in this thematic began to finance projects, diversifying options and risks, balancing the collection between several firms and paving the way for this 2021 to be again one of the most active thematic. This year 2020 the three outstanding platforms are Housers, Urbanitae and Wecity. Other platforms such as Civislend, Icrowdhouse or Stockcrowd have already positioned themselves stably in the activity. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our  disclaimer  for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these  important disclosures . First published in  EjePrime , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

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  • When was Grow.ly founded?

    Grow.ly was founded in 2013.

  • Where is Grow.ly's headquarters?

    Grow.ly's headquarters is located at Calle Serrano 16, Madrid.

  • What is Grow.ly's latest funding round?

    Grow.ly's latest funding round is Angel.

  • How much did Grow.ly raise?

    Grow.ly raised a total of $470K.

  • Who are the investors of Grow.ly?

    Investors of Grow.ly include SegoVenture.

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