Finreg Partners has successfully advised Czech Republic-based crowdfunding platform Investown on obtaining the first European crowdfunding service provider license in the country.
According to Finreg Partners, through licensing proceedings before the Czech National Bank, Investown was granted the license of a European crowdfunding service provider (ECSP) on October 24, 2023. "This marks the first-ever ECSP license granted in accordance with EU Regulation 2020/1503 in the Czech Republic."
Investown is a real estate crowdfunding platform that enables investors to invest in loans secured by real estate assets. It is partially owned by CS Seed Starter, a seed starter program of Erste Group member Ceska Sporitelna.
The Finreg Partners team included Partners Jan Sovar and Ondrej Mikula, Senior Associate Anna Kotasova, and Associates Denis Tichanek and Marketa Valuskova.