The Superintendency of Financial Services of the Central Bank of Uruguay (BCU) granted the first operating permit to a platform crowdfunding in the country.
Is about Crowder, a technological venture created by four Uruguayans that began two years ago and that, since last Thursday, January 4, became the first platform for crowdfunding of Uruguay, after he BCU approve the corresponding authorization.
In that sense, the resolution of the Central Bank authorized Crowder Crowdfunding Platform to “function as a management company for crowdfunding platforms.” The entity also reported that it would register her in the Stock Market Registry.
The company, founded by Nicolás Fornasari, Guillermo Rodríguez, Nicolás Rodríguez and Rodrigo Alvarez, He celebrated the decision on his LinkedIn profile.
“Two years ago we dreamed of revolutionizing personal investments, democratizing the capital market and facilitate access to financing from thousands of companies and startups,” the entrepreneurs expressed through the company’s official profile, and assured that “to do this we had to be the first to develop a collective financing platform regulated and authorized”.
“Let the game begin, we are almost ready to operate,” they announced, after announcing the good news.
What is crowdfunding?
He crowdfunding either crowdfunding, As its name indicates, it is a financing modality based on community contribution and without financial intermediaries such as banks, for example.
The operation of these platforms is governed, for the most part, by members of a network who collaborate based on one objective: obtaining a certain amount of money to finance projects or resources to develop them. Its operational logic is based on the “idea that there are people with money who want to support the ideas of others”; and is based on the practices of artistic patronage – which is why it is also called micropatronage.
In short, it is a massive union of investors of projects that finance with minimal contributions in exchange for a reward related to the project—or for altruistic reasons—; and has a low investment risk.
Source: Ambito
