News

Crowdcube obtains the first license in Spain to operate, at a European level, with participatory financing

Crowdcube has become the first crowdfunding platform which can operate throughout Europe. The company specializing in investment in startups and private organizations has announced that it has obtained an authorization from the Spanish National Securities Market Commission (CNMV).

This milestone, which also puts the Spanish regulator at the forefront of financial innovation in Europe such as the first to grant an authorization based on the ECS regulationP (European Crowdfunding Service Providers), approved in November 2021, will allow Crowdcube to accelerate its expansion across the continent with the opening of offices in various markets.

Until the entry into force on November 10 of the new European regulation on participatory financing, platforms such as Crowdcube that wanted to operate in different
demarcation countries had to do so by adapting to local regulations and obtaining the license from different national regulators. By virtue of the pan-European authorization in charge of the CNMV, in which the company had been working for around two years, Crowdcube has become the first platform that can operate in the 27 member states of the European Union.

Pan-European financial inclusion

For Pepe Borrell, head of international expansion and CEO of Crowdcube’s European headquarters, “this authorization is great news for our company,
but also for European companies and individual and institutional investors, because it makes possible the development of a true pan-European market for investment in startups and private companies. By removing regulatory and geographical barriers, for example, a French or German retail investor will be able to invest in a company based in Spain that is not necessarily listed on the stock exchange. We are opening up a new world of opportunity and fostering true financial inclusion on a pan-European scale.”

Warning, scroll to continue reading

Although obtaining this authorization will accelerate Crowdcube’s European expansion, by virtue of which the company already has offices and local teams in France and Sweden, its subsidiary in Spain, which already accumulates eight years of experience, will be particularly benefited as it will become the company’s new European headquarters.

In 2021, Crowdcube channeled €295 million to 262 companies, of which €17 million went to Spanish companies through 13 operations. These figures, made possible thanks to a network of more than 1.2 million investors, have made the company the largest European platform for retail investments in companies: a leadership position that will be reinforced by the authorization of the Spanish regulator

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *