September 1, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. So, keep an eye out each week for new stories! And if you or someone you know would like to be highlighted, feel free to send us a note.
LTP: Xavier, Frederic, please tell us about yourself.
Xavier Laoureux: I have a law degree, and I quickly made a reorientation towards digital marketing. I have been working for over 10 years for TBWA, one of the biggest advertising agencies in Belgium.
Frederic Dujeux: I have a master’s degree in business engineering. I am the former CTO of Ogone (product & technology roles), which is now part of Ingenico ePayments. I have 15 years of experience in e-payments and exposure to financial services.
LTP: Give us a paragraph pitch for your company, please.
Xavier Laoureux: mozzeno.com is the first Belgian digital platform to enable private individuals to participate indirectly in the funding of loans to other private individuals. Besides incumbent lenders, our collaborative platform offers borrowers a strong alternative by focusing on competitive rates and optimized customer experience (full digital process). For investors, we bring a new asset class to invest in, which provides interesting returns for a controlled risk.
Behind mozzeno.com is a a digital services company developing and operating digital solutions for financial players. The mozzeno platform was built according to an API-first pattern and is made of different modules, all of which are available in SaaS (Software as a service) model.
LTP: In a sentence or two, what problems are you solving today?
Xavier Laoureux: For borrowers, we are making the lending process as easy and quick as possible, taking out all the pains through digital technology. Also, thanks to our big data scoring, we aim to provide credit to population segments with potentials. That is, people who have no access to credit today due to obsolete traditional credit assessment. Typically, our aim is to help younger borrowers with a limited credit history.
For investors, we bring return with controlled risk. Today, interest rates are at very low level. Investors are desperately looking for alternatives. At the same time, they are not always eager to bet on the stock markets.
LTP: Who are you selling to?
LTP: How does mozzeno differentiate itself from competitors?
LTP: What is your next milestone for the company?
Xavier Laoureux: Finalize our funding round. We are in fact now going for a capital increase of €1,5 million, which we would like to close for the end of 2017. This will give us the means to accelerate our penetration of the Belgian market and kick-off our European expansion.