French start-up Particeep, presided by Steve Fogue (photo), announced, in a communiqué published on 13 October, the launch of the first plug and play solution for participation financing platforms.

Thanks to this solution, the crowdfunding platforms can from now on protect up to 100% of the capital put up by the investors in case of default, non-payment, death or invalidity of the project promoter.

"This innovation is the fruit of the work carried out jointly between Particeep and the teams of the AXA group in order to provide a technological solution adapted to risks linked to activities of financing online", emphasised Particeep in its communiqué.

In the event of a disaster, AXA Creditor will then reimburse in the month following the claim, the capital owed to investors without any other expenses.

"The innovation in online financial services is part of our DNA. It was therefore natural for Particeep to create this product to propose insurance solutions to platforms to protect the capital of their investors", commented Steve Fogue, President of Paticeep. "The range of insurance protection proposed will in the end be extended according to the needs of participation financing platforms, business angels and investment funds everywhere in the world in order to create a veritable shock in the financing market", he added.

Created in January 2013, Particeep is a start-up which allows organisations (startups, businesses, actors in financing, etc.) to create their own tendering platforms for proposals, crowdfunding and management of participation financing. Certified by the business and research cluster Finance Innovation, the start-up is notably supported by Bpifrance, Cap Digital, MazarsLab and AXA Strategic Ventures.