We supported the process of obtaining authorisation to operate as a crowdfunding provider

On 23 May 2024, the Polish Financial Supervision Authority unanimously granted our client Crowd Real Estate SA, headquartered in Warsaw, an authorisation to operate as a crowdfunding service provider for the loan facilitation service referred to in Article 2 ust. 1 lit. a pkt (i) of Regulation 2020/1503.

The success is even greater as Crowd Real Estate SA is the 2nd entity in Poland to obtain such approval!

The essence of crowdfunding
As of 10 November 2023, the operation of crowdfunding for investment or lending for economic purposes is only possible on the basis of a permit from the FSA.

Crowdfunding services for economic purposes consist of matching investors with project owners, using an IT system (crowdfunding platform).

In the case of loan crowdfunding, via the crowdfunding platform, investors provide loans (of a certain amount and for a fixed period) to project owners, with the obligation to repay them with interest.

Project team
The project team of the Capital Market Law Department of Sadkowski and Partners consisted of:

• Katarzyna Majer-Gębska – Managing Counsel, Attorney-at-law;
• Mikołaj Górny – Lawyer;
• Kamil Ciupka – Specialist.

Thank you for your trust and congratulations to Crowd Real Estate SA on this important step in their development!