back Back

Cryptix announced that it had received regulatory approval to launch Equito

By Joy Dumasia

May 13, 2022

  • Crowdfunding
  • Cryptix Group
  • Digital Lending
Share

Cryptix, the FinTech Web 3.0 venture builder, announced that it had received regulatory approval to launch Equito, a fully regulated, all-in-one investor platform designed to unlock new financing channels for European start-ups and SMEs (small to medium-sized enterprises). With Equito’s one-stop-shop fundraising solution, companies can raise between 1 and 50 million euros via a cost-effective crowdfunding platform. 

Equito offers a more effective model of crowdfunding that enables companies to raise money from an ideal crowd of investors, those who already understand and trust the brand. These include the companies’ loyal customers, business clubs interested in a particular industry, financial institutions and more, forming a mix of retail and institutional investors.  

Luka Gubo, CEO of Equito, said: “It’s a well-known fact that corporate finance across Europe has long neglected smaller businesses and start-ups. From prohibitively high fees to excessive complexity, both prospective investors and smaller businesses have had no feasible way to work together in building a strong SME economy. This is why we built Equito to bridge this gap by unlocking access to new investment opportunities and sources of capital.” 

Financing models like bank loans, venture capital or traditional crowdfunding have historically failed to meet the demands of smaller businesses in Europe compared to the US and Asian markets. Poor access to SME investment opportunities, an excessively complex crowdfunding market, low profitability of crowdfunding models, and limited resources for investment research have left businesses and prospective investors at a loss about how best to source or offer financing.  

This is the challenge that Equito’s innovative crowdfunding model solves, connecting the businesses with the right crowds of investors. For investors, Equito provides a clear and simple-to-use digital investment platform that outlines key background information on businesses’ growth strategies and historical performance. It unlocks an entirely new channel of affordable crowdsourced financing for businesses, stripping away the unnecessary fees and complexity of other funding models. 

Bernhard Koch, CEO and Founder Cryptix Group, said: “Equito marks a huge step forward for the European SME landscape, prospective investors, and the Cryptix project. At the core of our Cryptix mission is solving real issues facing real people with Equito, we are enriching our ecosystem with a solution to the lack of SME investment, improving the lives of many people across Europe as well as the growth prospects and competitiveness of businesses.” 

Equito has been awarded a MiFID II license (Markets in Financial Instruments Directive II license, a pan-European license for investment firms) in Slovenia, making it a fully-regulated investment platform. The roll-out of the Equito platform is divided into two phases: 

Phase one begins with Equito’s MiFID II license, marking the launch of the Crowdfunding platform and connecting SMEs across Europe and prospective investors. 

Phase two, set to roll out later this year, will expand the Equito platform into public markets, providing investors with options to invest in traditional stock exchanges and other asset classes, all within the Equito framework. The focus will also be extended to real estate projects. 

Previous Article

May 13, 2022

CoinDCX reinforces its mission to grow the Web3 ecosystem in India

Read More
Next Article

May 13, 2022

Dock raises $110m, bringing total valuation to over $1.5b

Read More








IBSi Daily News Analysis

March 22, 2024

Crowdfunding

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Today

Maybank & Doxa team to offer supply chain financing solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023