Romanian Co-Investment Platform SeedBlink Obtains License from Financial Authority
BUCHAREST (Romania), November 7 (SeeNews) – Romanian co-investment platform SeedBlink announced on Monday that it has received a license from the country’s financial regulator, ASF, as a crowdfunding service provider under the European Regulation on crowdfunding service providers (ECSPR).
The license will allow SeedBlink to strengthen its operational framework and pursue its European strategy, according to a press release.
SeedBlink is now the first alternative CEE co-investment platform authorized under the new regulations. At European level, four other platforms have received this license from local jurisdictions, in Spain, Latvia, the Netherlands and France.
“The authorization is a step forward for our company and further proof that we want to strengthen the entrepreneurial environment and protect investors as effectively as possible,” said Andrei Dudoiu, managing partner of SeedBlink.
Under the ECSPR, a licensed platform must comply with several measures to protect investors. Additionally, according to the regulations, crowdfunding providers are allowed to establish a secondary market where investors can resell their crowdfunded investments, via display boards where buyers and sellers can be found.
“We have started applying for accreditation in the jurisdictions of EU Member States to obtain a European passport. SeedBlink offers investors the possibility of investing securely cross-border in startups with European DNA, as well as the most strong network of business angels and VCs. In addition to a clear protocol, the accreditation increases our capacity for co-investments with an investment between 100,000 and 5 million euros”, said Carmen Sebe, CEO of SeedBlink .
Launched in early 2020, SeedBlink is a platform specializing in European tech start-ups. The company has so far raised 145 million euros ($142.5 million) from more than 63,000 investors. SeedBlink has offices in Romania, Bulgaria, Greece, Ireland and the Netherlands.