Accelerate the energy transition locally: the Credit du Nord Group partners with Lumo

With this partnership, the Credit du Nord group enriches and diversifies its positive impact finance offering with a differentiating, local and meaningful investment solution. It is fully in line with the Group’s open banking approach aiming to make available to clients the most adapted innovative offering of products and services - whether banking or nonbanking in nature.

Lumo is the pionneering crowdfunding platform dedicated to the energy transition, acquired by Societe Generale in June 2018. It offers individuals and companies the opportunity to value their savings by co-financing infrastructures projects for renewable energy production which contribute to local economic development. Through the 8 regional banks of the Credit du Nord group, Lumo strenghtens its distribution capacity at national level.

For Olivier Houdaille, president of Lumo: “This agreement marks another important step for Lumo’s business development. We are pleased to have the support of Credit du Nord group teams. Their recognized professionalism and interpersonal qualities are also essential keys to make the difference.”

For Ludovic Van de Voorde, Head of Retail, Paiements and Innovation at Crédit du Nord group: “By proposing to our clients an innovatve, 100% digital and responsible investment solution, we involve them in the future of their region and collectively contribute to the financing of the energy transition. We are proud of this partnership with Lumo, recognized for its selection requirement and appreciated for its transparency of use."