A new European crowdfunding platform called Equito has launched.
Cryptix Group, a Swiss venture builder, has received regulatory approval in Slovenia to launch Equito, a platform which will allow investors to fund loans between €1 (85p) and €50m (£42.32m) for European start-ups and small- and medium-sized enterprises (SMEs).
Equito has secured the MiFID II license which will allow it to operate across all European Union member states, marking its launch as a crowdfunding platform.
Cryptix said Equito provides a clear, easy to use digital investment platform for investors and affordable borrowing for businesses.
Later this year, the Equito platform will expand into public markets, providing investors with options to invest in traditional stock exchanges and other asset classes, and will also extend its focus to real estate projects.
Equito forms part of the Cryptix Group’s ecosystem.
“It’s a well-known fact that corporate finance across Europe has long neglected smaller businesses and start-ups,” said Luka Gubo, chief executive of Equito.
“From prohibitively high fees to excessive complexity, both prospective investors and smaller businesses have had no feasible way to work together in building a strong SME economy.
“This is why we built Equito – to bridge this gap by unlocking access to new investment opportunities and sources of capital.”
“Equito marks a huge step forward – for the European SME landscape, prospective investors, and the Cryptix project,” said Bernhard Koch, founder and chief executive of Cryptix Group.
“At the core of our Cryptix mission is solving real issues facing real people – with Equito, we are enriching our ecosystem with a solution to the lack of SME investment, improving the lives of many people across Europe as well as the growth prospects and competitiveness of businesses.”