Crowdfunding platform Invesdor receives ECSP license from FMA

Thursday 19 January 2023 14:13 CET | News

Austria-based crowdfunding platform Invesdor has announced becoming the first platform in the DACH region to receive the European Crowdfunding Service Providers (ECSP) licence.

The granting of the licence by the Austrian FMA enables companies and investors to operate directly across borders via the Invesdor platform. Invesdor, which is mainly active in its core markets of Germany, Austria and Finland, is the first provider in the DACH region to hold this licence.

The ECSP licence was granted by the Austrian Financial Market Authority FMA. According to an Invesdor representative, this licence brings the Invesdor Group closer to its goal of becoming the leading provider of crowdfunding services in Europe. The license allows Invesdor to enable companies to raise capital from investors across Europe and give investors the chance to invest in crowdfunding projects across borders in Europe.

What is the ECSP?

The ECSP Regulation was passed by the European Parliament with the goal of uniting companies and investors on platforms across national borders in the European Union. This is also a key step towards the European Capital Markets Union. The regulation also requires that the required licence is only to be granted to companies by the supervisory authority in their home market. The Invesdor Group is a merger of the Finnish Invesdor, the German Kapilendo and the Austrian Finnest, meaning it received the licence from the Austrian FMA.

Crowdfunding platform Invesdor receives ECSP license from FMA

First in Austria and the entire DACH region

An Invesdor representative states that the European course that Invesdor has been following for years is also paying off in connection with the ECSP licence. Due to Invesdor's set-up, the FMA's licence is valid for the company's whole portfolio, meaning that Invesdor is the first platform not only in Austria but in the entire DACH region that can call itself ECSP-licensed.

Invesdor’s offers

Invesdor Group, together with OnePlanetCrowd, is a pan-European investment and financing platform that is active in Scandinavia, Finland, Germany, Austria and the Netherlands. The Invesdor platform offers financing solutions for companies in all stages of their development. Investors are able to invest in companies and renewable energy projects across Europe and choose from a wide range of investment options, such as fixed-income bonds and equity investments.

Merger with OnePlanetCrowd

In November 2022, Invesdor announced a merger with OnePlanetCrowd, a Netherlands-based platform specialising in sustainability issues. According to an Invesdor representative, the expansion strategy that Invesdor has implemented in European markets has resulted in the company already being able to demonstrate harmonised processes. 

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Keywords: banking license, cross-border payments, investment, crowdfunding, financing
Categories: Banking & Fintech
Companies: Invesdor
Countries: Austria, Germany, Switzerland
This article is part of category

Banking & Fintech


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