Crowdfunding, crowdlending and crowdinvesting platforms: how they work and how they can help us
Automatically translated summary. The full text is available in Romanian.
An information note produced under the National Financial Education Campaign, run by the National Bank of Moldova and Expert-Grup, explains what crowdfunding is and how its platforms operate in the Republic of Moldova. It outlines the types of crowdfunding, the steps involved and consumers' rights under Law No. 181/2023.
Crowdfunding finances projects with money raised from many people. It involves project initiators, investors and licensed service providers that manage the platform. There are three types: investment-based (crowdinvesting), loan-based (crowdlending) and donation-based. Providers earn fixed fees or commissions, and investors bear the risk of losing their investment.
Under Law No. 181/2023, clients have the right to adequate information, including on risks and the absence of deposit-guarantee or investor-compensation protection. Unsophisticated investors have a 14-day reflection period to withdraw their offer. Limits apply: EUR 1 million and 12 months per project; EUR 7,500 and 6 months per consumer loan. Unsophisticated investors may invest at most EUR 200 per consumer borrower or EUR 5,000 per project, and EUR 10,000 a year overall, of which no more than EUR 3,500 in consumer loans.
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