VLAD — 14.6%/an · 14 mois

Plateforme · 8.0/25

A1 · Statut réglementaire 3.0/8faible

Regulation PolyReg SRO under FINMA supervision (Switzerland)
Outside EU framework: neither agrément AMF AMF nor ECSP ESMA nor recognised equivalent (BaFin, AFM, FSC)
Active national registration outside EU, without European passport

A2 · Track Record 2.0/6faible

Default 0.77% → 6 base points
Delay >90d not published (N/C) → 0 points
Actual return vs announced not documented → 0 points
Raw score: 3.0
Penalty -1 point (NPL data and return absent)
Criticisms regarding reliability of NPL statistics (rethink-p2p.de)

A3 · Rigueur de sélection 1.0/4faible

No selection rate published
Selection process not documented in available sources
Young platform recognised on Swiss/European SME market

A4 · Santé financière 1.0/4faible

Share capital ~290k€ very low for a portfolio of 68-108M€
Loss of 118 379 CHF in 2023
Financial report published with 18 months delay
Absence of external audit
Limited provision fund
Independent platform not backed by an institutional group

A5 · Protection investisseurs 1.0/3faible

Platform not licensed agrément AMF/ECSP: 1-point automatic rule does not apply
One default declared resolved amicably suggests basic recovery mechanism
No segregated account or secondary market documented in sources

Projet · 34.0/75

B1 · Instrument & Structure 6.0/10

B1.1: 5/5 - Direct loan at fixed rate, simple structure

B1.2: 1/3 - Direct borrowing on UK entity, applicable law not specified

B1.3: 0/2 - Existing vehicle debt, pledge ranking not documented

B2 · Opérateur & Track record 6.0/15faible

B2.1: 2/5 - Sole director appointed, no public profile provided

B2.2: 2/5 - SME since 2009, competitive sector

B2.3: 0/3 - No documented history on Maclear

B2.4: 2/3 - Companies House not verified, provisional penalty

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 5/6 - Pledge on vehicles, registration not confirmed, assets partially future

B3.2: 2/4 - Coverage of 84.5% in liquidation value, depreciable assets

B3.3: 0/2 - No banking partner, borrower not NBFI

B4 · Structure financière 4.0/15faible

B4.1: 2/5 - Interest covered, but bullet principal not covered by flows

B4.2: 1/4 - No documented equity contribution

B4.3: 0/4 - No stress testing, coverage approximately 100%

B4.4: 1/2 - Net margin of 8.6%, overall taux de couverture de la dette below 2

B5 · Pré-commercialisation 3.0/10faible

B5: 3/10 - Nine framework agreements without guaranteed volume
Number of clients not disclosed, figures estimated by management

B6 · Permis & Maturité 5.0/5✓ max

B6: 5/5 - Activity since 2009, TfL operator licence held, statutory accounts filed

B7 · Marché & Localisation 3.0/3✓ max

B7: 2/3 - Deep but competitive London ride-hailing market
Live data covers France and is not retained for this UK borrower

Points forts

✓Company active since 2009 with TfL operator licence

✓Positive net profitability since FY2024, FY2026 revenue of 1.27 M€

✓Pledge on vehicles with base value close to principal

✓Nine framework agreements signed, no client beyond 20% of revenue

✓Disbursement in tranches aligned with actual needs

Risques identifiés

!Bullet repayment of 550 k€ above projected annual flows

!Return of 14.6% per annum above standard; pledge registration not confirmed

!Liquidation value coverage limited to 84.5% of principal

!Strong dependence on sole director and shareholder

!Platform outside PSFP/ECSP framework, pledge enforcement in UK uncertain

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.