We advised on the licensing of the first Bulgarian equity crowdfunding platform

Our team has successfully completed another complex project – the licensing and establishment of Collective Financing, the first Bulgarian crowdfunding platform. This special financial intermediary, supervised by the Financial Supervision Commission, is jointly owned by the @Bulgarian Stock Exchange and @Central Depository and aims to facilitate investment in SMEs. The latter can issue bonds and shares up to 5 million euros per year without an approved prospectus – a significant regulatory relief.