Slogan: Société pour une épargne activement responsable
Description: SPEAR, founded in 2011, is a French cooperative revolutionizing savings in the Financial Services industry. It empowers individuals to not only save profitably but also choose which high-impact social projects their money will fund. Through its platform, borrowers with socially impactful and financially viable projects are selected and presented to users for funding. When users finance a project of their choice on www.spear.fr, SPEAR collects the funds and deposits them with its partner bank. The partner bank then lends the money at a lower rate to the chosen project, bearing the credit risk. This transparent approach allows users to interact with project founders, stay informed about project progress, and make conscious investment decisions. SPEAR is the first French website enabling savers to allocate their funds to high-impact social entrepreneurs.
Headquarter: France
Last Investment: N/A
Last Investment Investors: N/A