RE-Lender, a Crowdfunding Lending Platform with over 40 Million Raised, Obtains EU License

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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