AEFI reaches an agreement with the Spanish Crowdlending Association

The Spanish Association for Fintech and Insurtech (AEFI) has reached an agreement with the Spanish Crowdlending Association (ACLE) through which this organization and its associated units will be integrated into the association of which they will from now on become active members. In this way, AEFI will already have more than 160 affiliates, more than twenty of which are in the crowdfunding and crowdlending industries. This was reported to Cointelegraph in Spanish through a statement.

ACLE was born in 2017 to bring together the crowdlending companies who have provided their services in Spain to defend and promote the crowdlending sector, both legal and social and economic .TO

According to the statement, this agreement will enable the AEFI to reaffirm its aim of bringing together, representing, interlocutor and defending the interests of crowdlending platforms in Spain and their professionals.

Key year for crowdfunding and PFP platforms

AEFI reaches an agreement with the Spanish Crowdlending Association
AEFI reaches an agreement with the Spanish Crowdlending Association

The approval of Regulation 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of participatory financial services for companies lays the foundation for the regulation of this business area at Community level and can become an opportunity for companies in the Spanish sector as they open new markets for these companies, set a set of criteria in order to provide the best service to all types of investors and to eliminate the current competitive disadvantages that platforms from other countries benefit from. ???, they stated in the statement.

From the beginning, AEFI has supported the implementation and subsequent development of this regulation, which has a period of one year and can be directly applied across the European Union. The Association, along with all vertical units, is in constant contact with the CNMV and the Ministry of Economic Affairs to work with them in the immediate implementation of this new regulation and to obtain answers to such questions – they added.

Rodrigo García de la Cruz, President of the AEFI said:

“We are delighted that ACLE employees are joining the AEFI to unite in light of the important need to develop this sector, which is of strategic importance in terms of funding and investment in our country’s current environment.” ???.

García de la Cruz later said:

We cannot forget that it is an important funding alternative for SMEs and individuals. Furthermore, we are at a crucial moment in the face of regulatory changes aimed at removing barriers to the provision of participatory financing services across borders, and we trust these regulations will have a positive impact on both businesses and individual investors. ??.TO

In conclusion, he specified:

Without a doubt, the strength and synergies of the sector as a whole are critical to ensuring that this type of funding reaches all who need it.

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