De Goudse Verzekeringen first professional investor on Rabo&Co
De Goudse Verzekeringen is the first professional investor to make funds available on Rabo&Co. The insurer is to invest € 20 million in businesses that are Rabobank clients. Rabobank announced the collaboration at Money2020 today. Rabobank launched Rabo&Co in 2017 as the first hybrid financing platform for businesses to enable high net worth individuals and Rabobank to finance Dutch SMEs together.
Rabo&Co provides SMEs with broad access to financing while giving investors an additional investment opportunity. Rabobank introduced this form of peer-to-peer lending last year as a supplement to traditional forms of financing such as regular bank loans and leasing. Professional investors will be able to invest on Rabo&Co from today.
‘The collaboration with De Goudse Verzekeringen is the first step in the further development of Rabo&Co,’ says Marcel Gerritsen, Director of Business Banking Strategy and Innovation at Rabobank. ‘Over the past year, we have gained experience with high net worth Rabobank clients on the platform. We will now develop it further based on this investment. What’s more, we know that pension funds and insurers are looking for ways to invest in Dutch businesses. Like De Goudse Verzekeringen, they are prepared to invest significant amounts in the long term.’
‘We are proud to be the first professional investor to take part in this initiative,’ says Geert Bouwmeester, Chairman of the Board of Directors of De Goudse Verzekeringen. ‘Our mission is to enable businesses to operate more easily and successfully and plan to achieve this through our participation in Rabo&Co. The Rabo&Co construction provides De Goudse Verzekeringen with a new investment possibility. In this way De Goudse Verzekeringen can reinvest part of the premiums it receives in Dutch SMEs.’
Rabo&Co is an online platform on which business loans are offered. The co-lender gains new investment opportunities via Rabo&Co by providing a loan to one of the bank’s business clients together with Rabobank. Rabobank always participates in the loan itself. It manages and administers the loan and serves as the contact for the SMEs. Rabo&Co is one of the initiatives through which Rabobank fulfils its mission of ‘Helping businesses grow’.