Another milestone for Max Crowdfund: we are delighted to announce that we have raised over €25 million in loans! With the counter currently at €25,533,400, we can confirm that the platform has experienced tremendous growth since its launch in 2020. We have also surpassed 100 funded loans. A result that we are very proud of!
In the recent years we have worked hard to make the platform as accessible and transparent as possible for our investors. User-friendliness of the platform is an aspect that we are continuously working on. We are currently working hard on implementing the requirements for the EU license. In addition, hard work is being done behind the scenes on a new platform. We submitted the application for the EU license on April 28, 2022.
Smaller loans (€100,000-€300,000) are usually funded within minutes on the platform and we aim to publish even larger loans. For example, last week we published a large German loan of €1.3 million. Our largest loan so far and with a return of 11% per year. The number of registered platform users also continues to grow. We would like to say a huge thank you to all our platform users as we could not have achieved this without them. We hope to be able to further expand and offer loans in various countries in the near future.
