After almost a month since the new EU Regulation came into force, the list of authorized platforms is enriched by two portals: a historic one, Trusters, the first to be launched in Italy at the end of 2018, and the more recent one, Leone Investments, launched in 2022.
Recall that authorization is exclusive, that is, unauthorized platforms cannot operate, a condition in which many Italian portals of both equity crowdfunding and lending crowdfunding still find themselves.
In fact, until yesterday, of the 17 real estate lending crowdfunding platforms active in 2023, only Rendimento Etico and Recrowd had been authorized to function under the new EU regulation.
Recall that in 2023, as of November 10, real estate lending crowdfunding in Italy had raised €128 million, a 41 percent growth over the whole of 2022 and an average monthly collection of €11.6 million, which, as a result of the delay in authorizations, had completely zeroed out after November 10th.
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Trusters receives authorization under new EU regulation
Trusters was the first Italian lending crowdfunding platform to enter the market. From December 2018 to date, the portal has raised €52 million for 315 projects.
In 2022, Trusters was acquired by Crowdfundme, one of Italy’s leading crowdinvesting platforms (Equity Crowdfunding, Real Estate Crowdfunding and Corporate Debt) and is the first portal to have listed in the history of Piazza Affari in March 2019.
Equity crowdfunding platform Crowdfundme was already authorized last November 10th, while Trusters, which had applied separately, was authorized last December 6th, almost a month later.
Tommaso Baldissera Pacchetti, CEO and founder of Crowdfundme, said in a post on LinkedIn, “I admit I am very happy. It is a result that confirms the commitment and dedication of a team of colleagues with great professionalism and the trust that so many investors have placed in us. Now a new phase opens. As a CrowdFundMe group we have always thought big, and now the possibility of working across Europe opens very interesting doors for us.”
Leone Investments also authorized under the new EU regulation
Leone Investments was founded by two young under-30s, Armando Perrone and Davide Cozzali, and two entrepreneurs, Leonardo Leone and Claudio Rossi.
Since the first campaign in 2022, the platform has raised €5.7 million helping to finance 17 real estate projects.
Leone Investments, which, like Trusters, had had to stop its activity when the November 10th deadline expired, finally obtained authorization last December 6th.
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