Grow.ly Crowdfunding Platform For Online Fundraising in 2024

Grow.ly is a Participatory Financing Platform that was founded in 2013 and is registered with the CNMV. Operating in Spain, Grow.ly facilitates peer-to-peer lending where individuals can directly lend to small and medium-sized enterprises (SMEs). The platform focuses on financing growth projects of SMEs, thereby supporting the core of the economy and contributing to its development.

With a minimum investment of 50 EUR, Grow.ly provides an avenue for investors to participate in P2P lending without the need for a large capital outlay. The platform does not specify an advertised return rate or the number of investors involved. Payment options, total funding volume, and average loan duration are also not explicitly mentioned.

As a registered entity with the CNMV, Grow.ly ensures compliance with regulations and operates within the legal framework of Spain. The platform's headquarters, country of operation, and country of registration are all based in Spain, highlighting its commitment to transparency and regulatory oversight.

Overall, Grow.ly serves as a bridge between investors looking to support SMEs and businesses in need of financing for their growth initiatives. By connecting these two parties, Grow.ly plays a vital role in fostering economic development and creating opportunities for both investors and SMEs in Spain.