Credon Crowdfunding Platform For Online Fundraising in 2024

CREDON is a financial holding company that operates a platform simplifying consumer and collateral loan issuance through the use of fintech technologies. The company was founded in 2007 and primarily engages in P2P lending. While based in Croatia, CREDON extends its services to over 15 countries, including the UK, Denmark, Spain, Switzerland, Poland, and the Baltic States.

The CREDON platform is an integral part of the financial holding company and is designed to implement and support the CREDITONLINE credit business management system across its operational regions. With a history spanning more than 14 years, CREDON's core mission revolves around streamlining the process of issuing online consumer loans and securing collateral loans by leveraging its proprietary developments and cutting-edge technologies. The platform serves as a testament to the transformative power of applied fintech solutions in catering to a new breed of tech-savvy users.

At CREDON, investors can participate in various crowdfunding opportunities predominantly within the SME sector. The platform offers investment options through P2P lending models, allowing individuals to start investing with as little as 20 EUR. CREDON's commitment to transparency and investor protection is reflected in features like regulated operations, buyback guarantees, public statistics, a secondary market, and auto-invest functionalities.

Although CREDON presents enticing investment prospects, some concerns have been raised regarding the platform's overall transparency. Limited information on financials, team composition, ownership structure, and loan originators has led to questions about the platform's regulatory status and operational maturity. Despite these gaps, CREDON mitigates risks by securing all loans with buyback guarantees and maintaining above-market average skin in the game for listed loans. Additionally, most loan originators offer group guarantees to enhance investor protection.

The platform's leadership, led by Rupšys Juozas and Volodymyr Utenko, manages the operations of CREDON. While Juozas is associated with the Latvian-registered SIA Credon, his specific involvement in the CREDON platform remains undisclosed. The platform's commitment to transparency is evaluated positively, with a Sneakypeer scoring of 48.90, reflecting a transparency level of 76%.

In summary, CREDON combines fintech innovation with traditional lending practices to offer investors accessible and diversified investment opportunities in the P2P lending space. While the platform shows promise, potential investors are advised to conduct thorough due diligence and consider the platform's transparency levels and operational robustness before committing funds.