Fundera Receives Authorization Under the New EU Regulation

Fundera has obtained European authorization as a crowdfunding service provider under the new EU Regulation 2020/1503, which was received following Consob Resolution No. 22861 of October 25th, 2023, with the favorable opinion of the Bank of Italy.

The authorization, among the first three issued by the Italian authority, comes just a few days after the entry into force of the European Regulation, which, after a couple of extensions, definitively sets as a limit to the operation of crowdfunding portals next November 10th, the date by which in the absence of European authorization both crowdfunding portals and lending platforms must stop their activities.

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Fundera will complete the ongoing organizational phase connected with the new status in order to resume as soon as possible the activity of placing minibonds

“The European authorization,” said Leonardo Frigiolini CEO of Fundera, “rewards the entire structure of our Group, from the Board of Directors to the commercial structures to the operations and IT, which in recent years have been able first to conquer, and then to preside over and above all maintain over time, the undisputed leadership achieved in the debt and minibond segment and at the same time, with great commitment and effort, have necessarily had to prove to the Supervisory Authority that they meet the requirements necessary to obtain the European authorization.”

In the next few days, Fundera will complete the ongoing organizational phase connected with the new status in order to resume as soon as possible the activity of placing minibonds on the primary market, to the benefit of a much wider audience of users than in the past and potentially more heterogeneous and atomized.

“Thanks and a mention must go to the Supervisory Authority, Consob and the Bank of Italy,” Frigiolini continues, “with whom we have long and repeatedly interacted during the entire authorization process, who beyond the investigative rigor have always shown great willingness, professionalism, commitment and the ability to listen, allowing us in the end to arrive at the goal, which indirectly from today opens wide the doors of Europe to our productive and entrepreneurial fabric.”

The Frigiolini & Partners Merchant Group

Frigiolini & Partners Merchant is an independent Group that combines the expertise of a Financial Advisor and Global Coordinator specialized in SME Minibond issues, through the holding company F&P Merchant, with the ability to place on the primary market, through its subsidiary Fundera, a supervised crowdfunding portal.

This integration allows the F&P Merchant Group to manage in-house the entire process of issuing alternative financial instruments to bank credit, from scouting to building to placement, without the need to delegate part of the analysis, structuring and placement activities to third parties, with significant time and cost savings for the issuer.

F&P Merchant is based in Genoa and operates throughout the country. Its team has many years of experience in financial markets. As of 2015 to date, it ranks first in Italy for the number of SMEs accompanied to Minibond issuance and holds a monopoly on the “short term” technical form.

F&P’s strength is its independence and the absence of conflicts of interest with respect to captive operators and traditional credit operators, but the real added value comes from the fintech nature of its subsidiary Fundera, thanks to which the subscription of Minibonds has been expanded to a wide audience of investors (including retail) and without the use of “paper,” in full compliance with investor protection.

Fundera was in fact the first crowdfunding portal, authorized by Consob in 2020, to place Minibonds online in the primary market and has placed more than 100 issues since that date.

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(Featured image by Guillaume Périgois via Pixabay)

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First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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