SUMMARY
Team :
- CTO = Samir Bouaked
- COO = Stephane Quin
- President = Benoit Bazzocchi
Fundimmo has established itself as a key player in real estate crowdfunding in France since its launch in 2015. With over €320 million in projects funded and a minimum investment threshold of €1,000, it holds a significant position in the market.
However, I do not place Fundimmo at the top of my list for several reasons. Primarily, its heavy focus on real estate development—a sector currently facing challenges—raises concerns. This lack of diversification has led to frequent delays. Additionally, the returns offered are below the market average, which is another drawback in my view.
Market observers have also noted a certain lack of responsiveness from Fundimmo in addressing the growing difficulties within the sector. For instance, the platform was slow to implement effective measures during early challenges, such as consistently applying penalties to developers for delays. Complaints about insufficient communication, unclear updates on corrective actions, and delays stretching from several months to even years have been reported (see Trustpilot).
To regain investor confidence, Fundimmo needs to focus on diversifying its offerings beyond real estate development and improving its responsiveness. While 2023 showed some course correction, the situation remains fragile.
Overall, I see Fundimmo as a credible player in the French real estate crowdfunding landscape. While it can be an option worth considering, it carries higher risks.
Pros
- A strong well-constructed project description is given for each project
- Well designed and efficient user platform
- The project are usually issued from strong companies
Cons
- Revenues below the market average
- Risk of loss of capital
- Investments are blocked for 12 to 48 months
- Certain project seems very risky as the project comes with very little or no initial capital