Bricks | Crowdlending Platform Review

About Bricks

Bricks is a French real estate crowdfunding platform licensed as a crowdfunding services provider (PSFP) by the AMF since 30 June 2023 (license FP-2023-08). It has financed 288 million euros of projects with over 600,000 members, ranking among France's top five platforms. Investors benefit from an obligatory model providing a strengthened legal framework since the transition in mid-2023. However, several factors warrant careful attention: the repayment delay rate increased significantly to 5.38% in 2025 from 2.90% in 2024, and the Bridgestone project has faced payment difficulties since January 2025. The platform previously received a regulatory warning that led to abandonment of its former royalties-based model. Although the default rate remains at 0% under the obligatory model, these indicators require heightened vigilance regarding project selection and monitoring quality.

Platform quality: 5 criteria

Regulation and compliance

8/8

Agrément PSFP AMF en cours de validité, licence FP-2023-8. Score maximum applicable.

Track record and history

5/6

Défaut 0% → 6/6. Retard 5,38% (seuil 5–15%) → 4,5/6. Rendement net 7,78% vs 10% annoncé, écart 2,22pp sous borne basse → 1,5/6. Score pondéré: (6×0,5)+(4,5×0,3)+(1,5×0,2)=4,65 → arrondi 5.

Project selection rigor

2/4

Processus de sélection non détaillé publiquement, taux de sélection non publié. Mention implicite d'un processus via agrément PSFP. Score 2/4.

Platform financial health

2/4

Plateforme indépendante en forte croissance (141M€, n°1 FR 2025). Arrêt forcé 7 mois (déc 2022–juil 2023) et radiation ORIAS résolus. Pas d'actionnaire institutionnel identifié. Viabilité confirmée mais antécédents réglementaires pèsent. Score 2/4.

Investor protection

2/3

PSFP agréé → délai réflexion 4j obligatoire + plan continuité Capsens documenté → 1 pt. Comptes ségrégués légalement obligatoires sous PSFP → 1 pt. Marché secondaire non mentionné → 0 pt.

These scores evaluate the platform as an operator, independently from individual project quality. Methodology →

Founding team history

Bricks fondée en 2021 par Cédric O'Neill. En 2022, levée de 13 millions d'euros auprès de business angels et du basketteur Tony Parker. Insuffisance de données sur historique détaillé de précédentes plateformes ou expériences entrepreneuriales antérieures du fondateur. O'Neill est présenté comme pionnier du crowdfunding immobilier mais pas de données disponibles sur gestion antérieure de plates-formes de financement participatif.

CrowdRevolt

Information insuffisante - recherche non complétée

CrowdRevolt is a community initiative grouping investors to collectively demand action from platforms following losses or significant delays.