The source of the data used
The year 2023 was the last year during which CIP's national status coexisted with the European status of PSFP. Indeed, the transitional period to obtain the European status of PSFP ended on November 10, 2023 and led to the disappearance of the status of CIP.
In this context of regulatory transition, the comparisons appearing in this study neutralize, as far as possible, the data relating to the actors exercising the facilitation of the granting of loans under the PSFP status in 2023, to present developments on a perimeter comparable.
Under 2023, CIPs and investment service providers (“PSI”) having had a crowdfunding activity before the end of the transitional period as well as the PSFP sent the AMF a file Annual information on their activities, organization and financial situation. Based on this data, the AMF services thus drawn up detailed findings in the “Key figures 2023” document published today.
The amounts collected and the number of approvals
For the first time since 2015, the amounts collected experienced a decline in 2023. Indeed, the volumes collected decreased by 11% in 2023 compared to 2022, with 1.71 Came of funds raised in 2023 against 1.93 Cames in 2022. Furthermore, as of December 31, 2023, 45 actors were approved as PSFP by the AMF.
Investor typologies and the privileged asset class
The number of investors experienced an increase of 27% in 2023 compared to 2022. Individual investors are the main customers of crowdfunding platforms, they represent 95% of the total amount collected in 2023.
-Although there is a slight decrease in bond emissions, these constitute the asset class most present in collections, with 74% of the total funds raised by platforms in 2023, compared to 84% in 2022.
Real estate remains the predominant sector
Despite the tensions he knows, the real estate sector remains the most funded in the crowdfunding offers. The share of the sector, however, has a decrease and represents 66% of the total of collections in 2023, compared to 75% in 2022. Projects related to sustainable and environmental development represent the second most funded sector, slightly increased, with 20% of the total Collections in 2023 against 18% in 2022.
The main risks linked to crowdfunding
The AMF reminds investors that crowdfunding includes risks of capital loss and liquidity risks that it is necessary to assess before any subscription.
The AMF has also published a study on the performance of the real estate financing market in France today (link in “Learn more”).
