Individuals may lend or invest provided they are EuroRaiser Members. To become a Member, you must meet the following conditions:

  • Be of legal age,
  • Have completed the online questionnaire and meet the eligibility criteria (understand the warnings, assess the level of risk of the investment, etc.)
  • Have a bank account located in one of the countries accepted by our payment provider LemonWay.
  • Provide a copy of a valid identity document, a bank identity statement and proof of address less than 3 months old.

Legal entities whose corporate purpose allows it may also lend or invest, provided they are registered as EuroRaiser Members. To do so, the legal person through a duly mandated manager (natural person) must meet the following conditions:

  • Have completed the online questionnaire for legal entities and accept the risks associated with the types of investment offered on the Site.
  • Have a bank account in euros

The manager must provide a copy of a valid identity document and proof of address less than 3 months old.

  • An extract of Kbis less than 3 months old
  • A copy of the initialled and signed statutes
  • A Bank Identity Statement of the legal entity

A EuroRaiser account is the payment account associated only with a EuroRaiser Member and opened with our payment service provider Lemon Way.

Case of a natural person: It is sufficient to fill in the mandatory fields of the questionnaire of the registration process. They ask for your marital status and tax residence.

For reasons of security and compliance with anti-money laundering and anti-terrorist financing regulations, you must also download copies of the above-mentioned documents.

Finally, in order to provide a quality CIP service and to answer the request of the Autorité des Marchés Financiers, you will have to answer questions about your professional and wealth situation and your experience as an investor.

Case of a legal person: It is enough to inform the name, first name and email address of the manager, the registered office, the SIRET (legal registration number), the name and the corporate form of the legal person.

For reasons of security and compliance with anti-money laundering and anti-terrorism regulations, you must also download copies of the documents listed in the T&C.

Finally, in order to provide an effective advisory service, you must answer specific questions about the corporation (EBIT) and the executive’s investor experience.

First, a natural person may be a Lender or an Investor. A legal person can only be an Investor.

The mandate which makes it possible to propose amortisable loans is a mandate IFP for Intermediaire en Finance Participative. The mandate that allows “among other things” to propose Investments in the form of Single Bonds or Capital Securities is the CIP mandate for Conseiller en Investissement participatif (Crowdfunding advisor).

When it comes to amortizable loans, the IFP mandate offers only an intermediation service and no advice. EuroRaiser Members who only wish to subscribe to amortisable loans are Lenders. The information necessary and regulatory to exercise the IFP mandate is more succinct than in the case of the CIP mandate. Indeed, in order to provide an investment advisory service, information is needed that an IFP does not need.

In the registration form, EuroRaiser leaves the visitor the choice to become a Lender without being an Investor. In the case of the single Lender choice, it enters a limited amount of information, but it can only Lend and not Invest and will therefore only see the details of projects financed in the form of amortizable loans.

If on the contrary he wishes to be an Investor then he must provide information on his assets, his income, his family and professional situation, can be advised and invest in any type of project.

In conclusion, a Lender will only have access to projects financed in the form of an amortizable loan whereas an Investor will have access and the possibility to invest in projects in the form of an amortizable loan, bond subscription and equity subscription.

Note that an Investor receives a Letter of Advice each time a project is put online. The maximum amount that can be lent in the form of an amortisable loan is 2000€ per project and per Lender.

Everything is free to lend on the EuroRaiser site!

Attention: If you credit your payment account and debit it again without having invested or lent in the meantime, then 1% of the debited amount will be charged to you.

Everything is free for investment in the form of bond subscriptions.

In the case of a per share investment project. An intermediary company is established to act as a buffer between the shareholders and the target company. The management fees of this intermediary company are not negligible and therefore 5% of the funds collected will be allocated to EuroRaiser before the transfer of funds with a minimum of €5,000 in platform and holding management fees per year. EuroRaiser will receive 20% of the total capital gain realised by EuroRaiser investors (excluding capital).

Attention: If you credit your payment account and debit it again without having invested or lent in the meantime, then 1% of the debited amount will be charged to you.

By credit card or by transfer from your bank account. The minimum amount to lend is 50€, to invest in bonds or shares the minimum amount is 100€.

The money you transfer to your payment account is managed by LemonWay, a payment institution approved and controlled by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) under the responsibility of the Banque de France. This money remains yours, this transfer never passes through our systems or bank accounts and we do not record any information related to your accounts or bank cards.

At any time, you can withdraw all or part of the available balance from your LemonWay payment account to your bank account in the euro zone only.

Let us know your wish to cancel by contacting us at contact@EuroRaiser.com. Our payment service provider will close your account and we will remove your Member status from our system.

If you have outstanding refunds, your payment account and profile on EuroRaiser will be maintained until you have received all of your refunds.

We take care to select projects with rigour. Seventy control points are examined in the process explained here.

We have 4 types of projects: financing, refinancing, subdivision or development and property trader or merchant operations. We offer 3 types of financial instruments: bonds, amortizable loans and equity.

The risks and returns are not the same. Choose them by affinity, for their loan or subscription conditions, by the profile of the project manager, the scope of his project and according to our advice.

Your money can be totally or partially immobilized, depending on the financial instrument and its parameters. To understand their difference, go here.

In the case of a amortising loan, that is the case.

In the case of bonds, this is the case. The parent company of the project initiator positions itself as a bond issuer. You buy bonds and then become the owner upon issue.

In the case of capital shares, this is not the case. Direct shareholders may in certain cases be liable for the debts of the company of which they have shares, which is why we propose to isolate EuroRaiser investors by becoming a shareholder of an interposed company with variable capital, which is called an “intermediary company”. This company, interposed as a legal entity, in turn becomes an investor in the target company, sometimes called the “target company”. This type of investment is therefore indirect.

The project selection method is here.

The file analysis committee is composed of professionals in real estate development, architecture and construction.

We select projects that meet 5 main sets of criteria: a good financial structure, reputation on the subject, operational approach, risks and the seriousness of their approach in eco-construction.

(Ecoconstruction? sustainable construction is the creation, restoration, renovation or rehabilitation of a building, enabling it to respect the ecology at each stage of its construction and, later, its use: heating, energy consumption, discharge of various flows: water, waste)

For each project, we inform you of the minimum and maximum ticket which are respectively the minimum and maximum investment that you can make for this project. Please note that the maximum ticket for loans is 2000 €. In general, the minimum ticket for Bonds and Shares is 100€ and 50€ for loans.

Lending or investing involves risks of illiquidity, non-repayment, loss of capital and non-resale of acquired securities.

As an advisor, we recommend that you diversify your investments, and invest only the money you don’t need for the duration of the investment. You can invest in as many projects as you want and remember “it is better to invest twenty hundred times a euro than two times a thousand”.

For these details, go to our offers page.

No, once you have signed your loan agreement or application form, your loan offer or application is final. Your money is blocked on a transit account for the time of collection. If the collection is cancelled, your investments or loan offer are also cancelled and the funds invested are fully repaid.

In the following cases:

  • At the end of the subscription or offer period, the minimum threshold is not reached.
  • The quality criteria of the project, its issuer or borrower, have suddenly changed and EuroRaiser withdraws the project in the interest of Investors.

The ” in fine” repayment means that the principal of the bond is repaid in a single instalment on the maturity date of the security. It’s a bit like buying a car on credit and paying off only the interest and, at maturity, the loan amount during the term of the loan. Your capital is therefore blocked for the duration of the bond, this makes it possible to calculate the interest on the entire initial capital, and thus to optimize your investment.

No, there are no guarantees: investing in unlisted companies is risky.

EuroRaiser wishes to draw your attention to the risk of total or partial loss of the amount of your investment and non-payment of interest, the risk of illiquidity and the operational risk of the project which may result in a lower than expected return.

Despite all the care we take in selecting projects, there is a risk of default and partial or total loss of capital invested or lent.

As lenders, bondholders and shareholders, you are contractually bound with the borrowing or issuing company. In anticipation of a possible failure of EuroRaiser (cessation of activity, filing for bankruptcy, request express of EuroRaiser motivated in order to prevent a foreseeable and near failure), a reporting for each project and its complete criteria (amount lent, lenders, duration, rate, application fees, other fees, repayment plan, etc.) will be transmitted to LEMON WAY via the API that links the platform operating the site and the bank’s servers. Data and copies in PDF format contractual documents will be uploaded with each loan file.

In a first phase, a degraded transient phase is operated by LEMON WAY’s internal services with a service creduced customer . In a second phase, LEMON WAY organizes the takeover of the outstanding amount by a structure duly approved in the same activity, among its most “solid” clients.  For more information on this subject, please contact EuroRaiser.

This is known as illiquidity risk: some investments, such as bonds and equity investments, persist for several years. During this time, your capital is blocked without you being able to recover it, even in case of force majeure.

Yes, as there is no guarantee, the loss can be total or partial with therefore a lower risk of profitability. Capital investments have returns on investment that depend not only on the success of the funded project but also on the ability of the underlying company’s management to understand and mitigate extrinsic risks. Performance may be weaker than expected.

There is only one method: risk pooling. Invest or lend, only the funds you can immobilize and on different projects, with different rates and different terms. The risk is thus highly diluted.

Like a business, your ability to finance is the amount of money you have available once your usual expenses have been disbursed or paid. In short, this is the amount you could set aside at the end of the month. But, use only a part of this amount because :

  • the money invested cannot be repaid at any time, and the
  • risk of default by the borrower exists.

Do not invest more than 10% of your assets.

In the case of the loan: At the end of the collection, the loan contract is available in your personal space. This contract binds you contractually to the project leader.

In the case of bonds: During collection, a subscription form gives you the number of bonds and the amount you have subscribed. After the collection is completed, you can successively find a subscription certificate and a bond ownership certificate from the issuing company with which you are now bound.

Share subscription gives you the number of shares and the amount you have subscribed for the intermediary company whose main corporate purpose is to acquire an interest in the underlying company. After the end of the collection, you can successively find a certificate of subscription and a certificate of ownership of shares which then binds you to the intermediary company.

For the amortising loan: There is an amortization table in the loan contract that you receive at the end of the collection. All deadlines are listed. For loans, these repayments are monthly or quarterly. The monthly payments are fixed and include a portion of the principal and accrued interest on the principal remaining due.

For bonds: coupons or interest are repaid either in fine (at the end with the repayment of the nominal value of the bonds) or annually.

For equities: In this case, there is no schedule strictly speaking and no performance displayed a priori. In real estate projects, the maximum horizon is 3 years, for a sustainable investment in a developer’s shares, the repayment horizon is between 5 and 8 years.

Loans and Bonds : Before each term, whether for the loan or the bond, the borrower or the issuer ensures that its payment account is sufficiently provisioned to cover the total amount of the sums to be repaid to all lenders or bondholders. The allocation is then made to each Lemonway payment account.

Actions : Once the maturity date is known, the share is calculated and the intermediary company is reimbursed through the resale of the stock. The intermediary company closes its accounts, in turn reimburses its own shareholders and is dissolved.

For French tax residents (physical persons), EuroRaiser must collect the IR deposit (calculated on interest only) at the fixed income tax rate of 12.8% (excluding exemption) and social security contributions (17.2%) when paying interest, in accordance with the regulations in force.

For foreign tax residents, they must apply the rules specific to their country of residence, EuroRaiser will not make any withholding.

The regulatory default rates only concern loan projects, governed by the IFP (Intermediary in Participatory Financing) mandate that EuroRaiser has obtained.

The ACPR and the AMF have observed too much divergence in the definitions of default rates and have decided to standardize the definitions of default rates in a document position 2017-P-02.

Rate 1 represents the ratio of the number of projects in default (unpaid due dates) for more than 2 months by projects with non-zero outstanding capital (in repayment). A score of 0% is excellent and 100% very poor.

Rate 2 represents the ratio of the sum of the outstanding capital (CRD) of projects in default to the sum of the CRD of loans in repayment without distinction.

Rate 3 represents over the last quarter an average of the ratio (at the end of month k) of the number of projects with unpaid due dates to the number of projects with outstanding capital.

For these 3 rates, a score of 0% is excellent and 100% very poor (see formulas)

The Loan (straigth-line amortization)

EuroRaiser’s expertise as an Crowdlending Intermediary is to act as an intermediary for a credit between you, the Lender and a legal entity which is in this case the Borrower.

The credits, referred to here, are mentioned in Article 7 of Article L. 511-6 of the Monetary and Financial Code. These are loans for the purpose of participating in the financing of specific projects, granted by natural persons acting for non-professional or commercial purposes, in accordance with the provisions of Article L. 548-1 and up to one loan per project.

Lenders are natural persons. The Borrowers on EuroRaiser are all, without exception, legal persons having an industrial, commercial, artisanal, agricultural or professional non-commercial activity.
A decree D 548-1 of the Monetary and Financial Code sets out the main characteristics of these loans, including their maximum term of 7 years, the maximum ticket per lender is €2000 and the maximum loan amount is €1m.

The interest rate is negotiated by EuroRaiser and the Borrower but remains uncapped by the legislator, as the reference to the wear rate for “loans” granted to a legal person as defined above has been deleted. Maturities are constant with straight-line amortization of the capital.

The bond

The Bond is a debt security that confers the same rights for the same nominal values in the same issue. The borrower in this case is called an Issuer. You as an Investor will be first of all a subscriber during the subscription period and then once the investment has been recognised and made a Bondowner.

Bond Borrowings are governed by two codes, the Commercial Code (Art. L. 228-38 and s., Art. L.
245-7 and s.
, Art. R. 228-57 and s.) and the monetary and financial code (Art. L. 213-5 and s., Art. D. 213-1 and s., Art. R. 231-1).

The Issuers are joint stock companies (EuroRaiser excludes de facto associations and others legal groups). Subscribers are individuals or legal entities. The Bondholders to defend their rights are grouped together in a “Mass”.

The total amount of a bearer’s Bonds (the nominal amount) is repaid in full at maturity. Interest payments (called coupons) can occur at semi-annual, annual or in most cases at maturity (in fine). In the latter case, the final repayment includes interest accrued over the entire term and face value of the bonds held by the Bondholder.

The maturities, annual rate, maturity and maximum ticket are not regulated by law but are defined in the issue contract and are recalled in the subscription form. The maximum amount of an issue is €2.5 million per project. Security interests or guarantees can be obtained on the repayment of the bond loan.

Capital funding

The Shares are capital securities defined on 1 of II of the article L.211-1 of the monetary and financial code issued by stock companies that grant rights but also duties that bondholders do not have.

Right : Rights to access dividends, voting rights and the possibility of obtaining capital gains on the sale of capital securities.

Duty : Some companies under certain legal statutes such as general partnerships and professional civil partnerships possess their own assets as companies. However, the shareholders, who are all merchants, are indefinitely and jointly and severally liable for the company’s debts. EuroRaiser will never offer to invest in such companies.

The Equity Investment mechanism is very flexible but involves risk. To reduce the risk for investors and protect them at the same time, this investment requires the creation of a holding company interposed in which the investors become shareholders. By creating a simplified joint-stock company (Legal Status of an SAS) between the shareholder and the underlying subjacent or target company, the shareholder cannot lose more than his own initial investment.

Rates of return can be high if the valuation of the target company develops positively. In real estate, this financial tool is rarer than the bond issue. In the event of liquidation, shareholders receive bonuses after employees, the public treasury, banks, suppliers and bondholders, in short, last.

On August 5, 2019, proof of residence is no longer required to validate your wallet. To replace it, the regulatory authorities now require that 2 different pieces of identification be uploaded. You can choose between the national identity card, passport and driving licence. The IBAN is always necessary.

This procedure currently only concerns natural persons. This amendment is being made to more effectively combat fraud and identity theft.


If you are a fiscal resident ouside France, you need to contact local the tax authority to figure out whether your loss can be substracted from your interests and dividends you have to declare.

In France :

Unlike the provisions for passbook savings accounts, capital losses resulting from non-repayment of the loan are deductible from interest generated by loans of the same nature. This scheme, which is intended to encourage this method of financing, applies to loans granted as from 1 January 2016.

Losses generated by minibons (cash vouchers) are also deductible, but only for those purchased on or after January 1, 2017. The loss is then deducted, indiscriminately, from the amount of interest generated by other participating loans or minibons.

The losses concerned by the scheme are both those resulting from loans granted with interest and those resulting from loans granted free of charge (without interest). Losses are only allowed as a deduction up to an annual ceiling of 8,000 euros common to both categories of losses (loans and minibons).

Only the principal of outstanding loans is chargeable, thus excluding interest. To benefit from this measure, the taxpayer must therefore be able to present a loan schedule that distinguishes between principal and interest.

Finally, for the loss to be attributable, the debt must be definitively uncollectible. Attention therefore, the simple non-payment on the due date is not enough, only the disappearance of the project leader or the failure of the proceedings instituted by the creditor taxpayer make it possible to characterize the impossibility of recovering the sums lent.

Since August 2019, you can subscribe to a project that is being collected without having the funds in your payment account. By subscribing, you notify the platform of your subscription. It will not be validated until the funds are transferred to the project owner. 

By subsequently funding your payment account by bank transfer, you will be able to confirm this subscription after reception of the funds. This will trigger the transfer of funds from your payment account to the project owner’s payment account. You can view the deferred payment process.

Other means of transferring funds in deferred payment are possible for large amounts in urgent cases, please contact us by phone or email.

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