Cross-border loans

Cross-border loans: the Europe of savings

With cross-border loans In October we are building the Europe of savings, a community of lenders in support of the European real economy. In fact, October offers the possibility of lending money to Italian, French, Spanish and Dutch companies. The process is identical for all of our projects, regardless of the country of origin of the company. In a few clicks, each lender consults the projects, decide which he wants to subscribe and chooses the amount to lend.

Interestingly, the difference between lenders of different nationalities. Is there a country in which they prefer to lend over others? Is risk appetite different from one country to another? Some time has passed since we last presented these statistics.

In 2018 October it grew even more internationally with the opening of a new branch in the Netherlands. Since then we have published 14 Dutch projects, for a total of $ 5.5M. With cross-border loans, lenders can diversify their investments in 4 countries.

Our lender community has also grown. In March 2018 October had 11,000 active lenders *, today there are 17,000 active lenders. The most important part of our community is represented by French lenders: 85% of our users are in fact in the country where October was born. About 5% of lenders are located in Spain, 4% in Italy and 1% in the Netherlands, the latest addition to our 4 countries. The remaining part of our community instead consists of lenders from other countries (other than those mentioned above).

Cross-border loans


To date, our community has made 552,300 cross-border loans, with an average amount of $ 102.38 per loan (May 2019 date). In total, October’s private lender community lent $ 58M to support the European real economy.

What is the risk appetite of our lenders?

credit loans

To understand this, we took into consideration the average amount lent, distinguishing on the basis of the rating of the projects. As a result, projects with A rating are by far the favorites of our community, with the only exception of Dutch lenders who seem to prefer the A + rating. In general, we note that the average amount lent to projects rated A +, A and B + is 10% higher than the amount lent to projects rated B and C.

2 countries stand out: France and the Netherlands. French lenders do not seem to have a particular preference, their average loan remains almost unchanged as the rating changes. The Dutch, on the other hand, show that they have a clear preference: their average loan to projects A +, A and B exceeds that of projects B and C by 24%. To summarize, therefore, we can say that French lenders are those with a greater risk appetite, while the Dutch are the ones with the greatest aversion.
Finally, international lenders stand out for a different reason: their average loan is much higher than that of their French, Italian, Spanish and Dutch counterparts.


How important is the duration of the projects for our providers? If we observe the duration of the projects to which our users lend more, we notice an interesting trend.

Lenders seem to have a preference at the same time for very short and very long projects. Considering all countries, on average they lend around $ 123 to projects with a duration of over 60 months, while for projects between 36 and 48 months the average loan is $ 105.


Last year, we had a tendency for lenders to lend more to businesses in their home country. It is still so? It would seem so. On average, Italian, French and Spanish lenders lend 15% more to companies in their respective countries. This trend is most evident in the French, which lend 21% more to domestic businesses (which are also the most numerous in the entire October portfolio).

Why lend to different types of projects?

credit types

The answer is simple: to diversify the portfolio and minimize the risk of loss. Diversification allows you to spread your capital over numerous small loans, in this way the impact of a default on the overall return of the portfolio is much less. Diversifying loans also allows for less dependence on economic factors that can have a negative impact on a specific country or sector.

All our statistics

We occasionally comment on the results of our analyzes of lender behavior, but there is more. Every month we update the statistics relating to our performance, so that you can have a complete and transparent view of our entire portfolio.