Danish crowdfunding platform Lendino has gained a license from the Danish Monetary Supervisory Authority because it plans to maneuver “past the nation’s borders” sooner or later.
The license was a needed step to make sure that the platform might proceed its operations after 10 November, when the brand new EU-wide crowdfunding laws develop into legislation.
Nevertheless, Andreas Helgason Rex, co-founder and director of Lendino, stated that whereas a Europe-wide growth is within the firm’s future, there are not any plans for to maneuver into different markets simply but.
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“Within the brief time period, it’s the Danish market the place we have to get a fair higher grip,” stated Helgason Rex.
“However it’s undoubtedly the plan that in some unspecified time in the future we now have to look slightly past the nation’s borders.”
Lendino was based in 2014 and since then it has brokered virtually DKK196m (£22.5m) in loans.
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Helgason Rex stated that he discovered the brand new EU laws tough to navigate as the principles various from nation to nation. Nevertheless, he added that he hopes the laws will make it simpler for Lendino to accumulate new buyers.
“The brand new regulation is a freeway within the EU, which makes it simpler for us to transcend the nation’s borders in a extra uniform approach, as a result of in future you’ll have a uniform set of laws,” he added.
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