Crowdfunding
RE-Lender, a Crowdfunding Lending Platform with over 40 Million Raised, Obtains EU License
By November 10th, 2023, RE-Lender raised over 41 million euros since 2019, funding 163 projects with an average interest rate of 9%. With nearly 37,000 registered users, the platform, now authorized to operate EU-wide, aims to expand its user base and partnerships. This milestone highlights its commitment to safe, transparent, and innovative crowdfunding.
![RE-Lender](https://born2invest.com/wp-content/uploads/2024/07/sasun-bughdaryan-e11Oa3kvx4c-unsplash-e1720772328516.jpg)
RE-Lender , one of the most successful lending crowdfunding platforms in Italy, has finally obtained authorization from Consob, after consulting the Bank of Italy, to operate as a crowdfunding service provider pursuant to European Regulation 2020/1503.
By November 10th, 2023, the deadline to operate under the old rules, the RE-Lender platform had raised over 41 million euros since its launch in 2019, of which 26.5 million to finance Italian SMEs and 14.5 for real estate projects.
In total, 163 projects had been funded, with an average interest rate of 9%, and the number of users registered on the platform had almost reached 37 thousand.
RE-Lender will now be able to operate in all European Union countries, significantly expanding its user base and strategic partnerships
Obtaining the European authorization represents an important step for RE-Lender, which confirms its commitment to offer a safe, transparent and innovative crowdfunding service.
“ We are thrilled to have obtained the authorization as a crowdfunding service provider ,” said Paolo Manetta, Founder and CEO of RE-Lender . “ This achievement represents an important recognition of our commitment to transparency, security and regulatory compliance. We will continue to work to offer our investors the best possible crowdfunding experience and to support the growth of this innovative sector .”
Paolo Manetta also added: “ The European Crowdfunding Regulation represents a significant step forward for the crowdfunding sector in Europe. We believe that this new regulatory framework will help foster growth in the sector, protect investors and promote innovation .”
The AVVOCATI.NET fintech team led by Lawyer Lerro was involved in the authorization process , with the participation of Lawyers Lia Ruozi Berretta and Giangiacomo Gallo for platform processes, compliance, security profiles and risk management, Giulio De Bruno for corporate.
“ We are proud to have successfully concluded the authorization process – says Lawyer Alessandro M. Lerro , Managing Partner of AVVOCATI.NET who sponsored the proceedings before Consob and the Bank of Italy – ensuring continuity from the national regime to the European regime. With the new European configuration, the portals have become financial intermediaries in all respects, structurally very distant from the crowdfunding donation and reward portals, with a highly protective security and compliance approach for investors.”
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(Featured image by Sasun Bughdaryan via Unsplash)
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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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
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