The limitation to the amount of investment, The main fear of all platforms regarding the first draft of the bill has been overcome. Although the draft law stipulates that by default all platforms will investors will have a limit on their investments (maximum €3,000/transaction and €6,000/year), the door is left open for professional investors who are used to analysing the risks of investments to invest without limits either per project or per year. These investors will have to pass a suitability test similar to the one they have to pass with other risky assets.
This draft law has boosted the activity of the leading platforms both in the crowdlending (Comunitae) as well as the Crowdequity (Thecrowdangel). "Crowdlending formalises financing by means of loans to both individuals and companies. Crowdequity, on the other hand, formalises its collective participations by taking equity (shares)" explains Diego Gutierrez of ABRA INVEST.
Comunitaea pioneering crowdlending platform in Spain, was founded in 2009 and is currently owned by investors such as Cabiedes&partners and Francoise Derbaix. In the last month it has brokered a loan volume of €700k, demonstrating significant month-on-month growth over the last year.
On the other hand, Thecrowdangel is the platform of crowdequity leader in Spain. Since its founding in mid-2012, 84 investors have invested a total of €1.6m in the 7 deals published, with a 100% success rate. TCA, which left its activity on "standby" while the draft bill matured, has obtained for its latest startup, an investment commitment of €42k in less than 12 hours, a record.
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