Villyz is the identify of the brand new French startup based, amongst others, by three former members of the ACPR (Autorité de contrôle prudentiel et de résolution). Between the fintech and govtech model, the platform desires to mix bank and citizen financing to fund tasks of common curiosity to communities. Its launch is scheduled for October.
“The platform was created during the Corona crisis, with the desire to give meaning and impact to French people’s savings. As a citizen, it is difficult to know what your money is being used for, when many people want to invest in projects with a local impact,” stated Arthur Moraglia, co-founder of Villyz.
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Villyz will finance tasks through interest-bearing loans to native authorities
In concrete phrases, the French firm will be capable to finance tasks through interest-bearing loans to native authorities or public our bodies. The speed is about by the native authority and should be a minimum of twice that of the Livret A passbook financial savings account, i.e. 1%. “Citizen investment in Villyz is reliable, profitable and has a strong local impact,” stated the previous ACPR fintech skilled.
The platform desires to enter a distinct segment that it considers promising: the native authority financing market, which has not been “really” penetrated by fintech firms, stated Arthur Moraglia. “The only way to accompany the transformation of this market by bringing innovation to it is to work in close cooperation with banking players,” the entrepreneur identified.
For the latter, the banks “wish to move towards a better standardization of credit contracts for local authorities, in order to concentrate on certain operations with high added value.” They are going to be capable to both have direct entry to native authorities that make their financing requests on the Villyz platform, or provide their present clients the potential for together with a share of citizen financing of their subsequent financing.
Based final March, Villyz is about to finish its first spherical of financing. As a way to be remunerated, it should take a small margin on bank intermediation when native authorities finance themselves immediately through Villyz or on citizen financing “when we carry out this activity for the customers of a partner bank. It is through the volume effect that we aim to become profitable,” stated Arthur Moraglia.
As a way to function, the fintech firm will depend on the authorization of middleman in banking operations and fee providers (IOBSP) and middleman in participative financing (IFP), a model not too long ago allowed by the entry into drive of the Pact regulation.
Situated within the 14th arrondissement of Paris, removed from the hustle and bustle of the Palais Brogniart’s fintech occasions, the startup intends to shortly make a reputation for itself. Though its model is exclusive, it should however should face competitors from present gamers, such because the crowdlending platform Lendopolis.
Together with the assurtech firm Seyna, Villyz is without doubt one of the few French fintech firms based by former ACPR members. The crew, presently made up of six individuals, together with Arthur Moraglia for technique and improvement, Sylvain Peyron for finance and knowledge and Anne-Sophie Lawniczak for authorized and regulatory facets, is about to develop quickly.
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