Dear readers, today we're excited to share some updates from our Platform.
From our start four years ago, EvenFi has worked tirelessly to support the real economy.
We've always believed that a strong local economy is the backbone of a thriving community. And with this in mind, we're pleased to announce that as of October 2023, more than 60% of the funds given to small and medium enterprises (SMEs) and startups have been repaid. This achievement not only reflects the dedication of the businesses we back and our effective focus on real economic activities but also showcases how such efforts can indirectly advance the UN's Sustainable Development Goals (SDGs), fueling local growth and prosperity.
To offer a snapshot: so far, we've funded over 400 projects and supported more than 250 pioneering companies. These companies, typically ten years old with an average revenue of 4 million euros, have collectively provided jobs for over 6,000 people, positively impacting these workers and their families.In terms of location, 84% of our loans were centered in Italy and 16% in Spain, significantly boosting local economies.
These figures emphasize EvenFi's commitment to making a lasting and broad difference in day-to-day economic life. With your ongoing backing, our goal is to further bridge the gap between investment and the real world, achieving results that are about more than just numbers.To our investors, we express our heartfelt gratitude. Your steady support enables us to push forward with an investment approach that combines profitability with a just and sustainable economy.
We're thrilled to have you alongside us on this journey.