“Can a pan-European SME crowdlending platform survive the post-2022 rate environment, or does it need to hand its book to a larger consolidator?”
October SA is a French SME crowdlending platform operating as October IFP (ECSP-licensed) with an in-house asset manager, October Factory (AMF-licensed). Originally positioned as a retail-plus-institutional marketplace for SME loans across France, Spain, Italy and the Netherlands, October pushed into embedded lending via October Connect for e-commerce platforms in 2023. By late 2025 the company announced it was no longer originating loans or opening new lender accounts and was migrating retail lender balances to EvenFi, a Spanish CNMV-regulated crowdlending platform passported across the EU — effectively an orderly wind-down of its own marketplace.
October discloses Lemonway as its banking provider, according to the Embedded Finance Index 2026.
October does not disclose a bank charter of its own; its banking services are provided through Lemonway.
October processes payments through Lemonway.
October's lending and capital products are provided by October IFP (in-house), October Factory (in-house) and European Investment Fund.
The Embedded Finance Index 2026 maps 3 layers in October's stack: Payments / PSP (Lemonway); Banking / BaaS (Lemonway); Lending (October IFP (in-house), October Factory (in-house), European Investment Fund, SME term loans (crowdlending) and 1 other).
October is headquartered in 94 rue de la Victoire, 75009 Paris, France.
Get a read on where your own stack stands against October and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.