Particeep launches the first plug-and-play insurance solution for crowdfunding platforms
Particeep launches the first plug-and-play insurance solution for crowdfunding platforms
Paris, october 13th, 2015 – Particeep, the solution for creating white label crowdfunding platforms, today announces the launch of the first white label crowdfunding insurance service. Developed in partnership with AXA Creditor, a division of AXA Partners specialized in credit and lifestyle protection, this white label insurance service protects active crowdfunding investors.
In France, investors on crowdfunding platforms are exposed to risks related to project owners. Particeep’s crowdfunding insurance service offers protection for the invested capital in case of revenue decline, death or total and irreversible loss of autonomy of the project owner. In case of accident, AXA Creditor will pay back the remaining capital to lenders without any additional charge, on the month following the claim.
The first crowdfunding insurance providing protection up to 100% of the invested amount
Thanks to this new service, crowdfunding investors can now protect their invested capital in case of decreased revenue, death or total and irreversible loss of autonomy of the project owner.
The crowdfunding insurance service allows various types of platforms (personal loans, crowdlending, equity crowdfunding, etc.) to offer capital protection to their investors.
A white label service that can be easily added to any crowdfunding platform
Thanks to this white label technical module (API), any crowdfunding platform can now offer capital protection to its investors. On the platform side, this insurance is characterized by the fast integration of the white label service, while the insured party experiences a dematerialized, instant online registration.
This innovation is the result of joint work by Particeep and the teams of the AXA Creditor group.
Innovation in online financial services is embedded in our DNA. For this reason, it was obvious for Particeep to design this product, so that we could provide platforms with insurance solutions to protect the capital of their investors. The range of available protections will eventually be extended depending on the needs of crowdfunding platforms, business angels and investment funds all over the world, with the aim to spark a real shock on the financing market.
AXA Creditor confirms its will to support innovative projects by allowing crowdfunding platforms, through the Particeep technology, to protect investors with a product suited to their needs. This is a truly customized offer, made available to loan crowdfunding platforms.
About Particeep
Founded in January 2013, Particeep is the editor of the first SaaS solution available as white label and allowing organizations (startups, enterprises, financing players, etc.) to create their own call-for-projects, crowdfunding and portfolio management platforms. A Fintech player, the startup offers a turnkey, customized solution available globally. Particeep is easy to use, it can be integrated with any information system without any software development, and it allows its users to easily manage their capital, loan and gift transactions, to industrialize their activities and to collaborate on cases with all types of partners.
Approved by the Finance Innovation competitiveness cluster and winner of the Réseau Entreprendre award, the startup is especially supported by Bpifrance, Cap Digital, MazarsLab and AXA Strategic Ventures. More information: particeep.com
About AXA Creditor
Founded in 2010 to promote credit and lifestyle quality protection on international markets jointly with large distribution partners, AXA Creditor now ranks 6th in Europe for creditor insurance and posts a 5% market share. AXA Creditor sells its products through partnerships with financial institutions, essentially banks and car loan providers, via direct distribution networks (80% of GWP issued) or via reinsurance agreements (20% of GWP issued). Since 2010, AXA Creditor’s growth has been exponential due to two dynamic market approaches: innovation and diversification. Today, AXA Creditor is poised to achieve its ambition to become the leader in credit and lifestyle protection mainly via its partnerships. AXA Creditor employs some 150 people. In 2014, AXA Creditor generated 895 M€ in GWP issued.
About AXA Partners
AXA Partners is a dedicated unit to develop partnership business globally. AXA Partners will be involved in co-creation of offers and distribution agreements whereby AXA will be insuring or delivering a service to private individuals and SMEs, through a partner.
As part of its mission, AXA Partners will:
– design, implement and manage partnerships with selected global partners,
– support AXA entities to develop successful local partnerships.
The main partnerships will be managed along the following sectors : automotive, bank and credit cards, retailers, utilities and telecoms, digital players, public sector and Non-Government Organizations.
AXA Partners will be live on January 1st, 2016