WeAreStarting and Finnexta Obtain European Authorization to Operate as Crowdfunding Platforms

The issuing of authorizations to Italian platforms by Consob and the Bank of Italy continues to operate pursuant to the new European regulation on crowdfunding.

On February 22nd, a historic platform, WeAreStarting, and Finnexta, the platform linked to the Chambers of Commerce, were finally authorized.

Read more about the most recent crowdfunding platforms authorized under the new European regulation, and find the latest business news of the day with our companion app Born2Invest. Our app is available for free for both Android and iOS devices, and keeps its readers up to date with the most important news so they can stay on top of the market.

WeAreStarting

Launched in 2016, WeAreStarting is one of the longest-running equity crowdfunding platforms in the Italian market. Last November, when it had to suspend its activity pending authorization, the platform had raised more than 8 million, helping to finance 56 companies.

“Since WeAreStarting was born, we have had a very clear objective: to select companies that bring an interesting return to investors – declared Carlo Allevi, CEO of WeAreStarting, to Crowdfunding Buzz – To do this, we have looked for companies of excellence in every part of Italy and in every sector.”

In a post on LinkedIn the company said: “ We will be able to operate in a more uniform and transparent regulatory framework at European level, where companies will be able to raise funds from investors in all member states easily, and small savers will be better protected . Soon you will be able to find new interesting investment opportunities on a new portal, which we hope will be simpler and more intuitive.”

Crowdfunding platform Finnexta

Finnexta is the crowdfunding platform of the chamber of commerce system, created by Innexta, at the service of the Italian entrepreneurial system.

The platform was created with the aim of contributing to the growth of innovative finance and the entire Italian crowdfunding system, working in a networking logic with market operators, other managers and with the professionals and associations that support businesses.

The crowdfunding platform launched its first two campaigns in 2023, raising over 1.7 million.

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(Featured image by Guillaume Périgois via Unsplash)

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