Belgium’s crowdfunding market has doubled in one year to over 22 million euros invested in 80 funding operations, according to the annual barometer of the FinTech Belgium Federation, which represents professionals in this sector (start-up, scale-up and investors).
Look&Fin is the biggest lender in this sector, providing a total of 15.2 million euros for 46 operations, and thus accounting for close to 70% of the market, followed by MyMicroInvest, which financed 19 operations for a total of 4.3 million euros. The last of the top three, Bolero, funded eight operations to the sum of 1.4 million euros.
Meanwhile, the market for this alternative mode of financing has become more professional by concentrating on a more limited number of platforms certified by the Financial Services and Markets Authority (FSMA) or which depend on a banking establishment, the federation says.
The barometer is based on data from six equity crowdfunding and crowd lending platforms, provided voluntarily by the platforms themselves or freely accessible on their websites, excluding donations which do not fall under Belgian regulations.