25 September 2017
Find out more

Crowdcube becomes first regulated crowdfunding platform

04 February 2013  |  9911 views  |  0 Check close up with pen

Crowdcube, the equity crowdfunding website, is now authorised by the Financial Services Authority (FSA). The authorisation makes Crowdcube the only regulated equity crowdfunding platform where investors can become direct shareholders in UK businesses.

Crowdcube will also now offer its investors' additional protection with access to independent experts from the Financial Ombudsman Service (FOS) and claim compensation from the Financial Services Compensation Scheme (FSCS).

Crowdcube applied for its FSA authorisation in 2011. Darren Westlake, co-founder and CEO of Crowdcube commented: "We're delighted to be the first authorised crowdfunding platform that allows investors to become direct shareholders in UK businesses. Our authorisation and the additional investor protection it affords will increase satisfaction and confidence, which is at the heart of our business and will be crucial to our long term success in the UK.

The Rt Hon the Lord Young, advisor to Prime Minister David Cameron on Enterprise, commented: "Crowdfunding is a highly innovative and important source of finance for UK businesses. I am delighted to see that the UK financial services industry and its regulators are reacting dynamically to new models of business finance, such as equity crowdfunding, so that the UK can maintain its position as world leaders in this space." 

Crowdcube has raised over £5 million for UK businesses. More than 28,000 investors have registered on its website since its launch in February 2011.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Kickstarter comes to the UK

Kickstarter comes to the UK

11 October 2012  |  7313 views  |  0 comments
Australian and UK regulators warn on crowdfunding risks

Australian and UK regulators warn on crowdfunding risks

14 August 2012  |  7638 views  |  0 comments
Crowdfunding site for entrepreneurs Symbid goes English

Crowdfunding site for entrepreneurs Symbid goes English

22 June 2011  |  9243 views  |  0 comments

Related company news

 
download the paper nowvisit www.sibos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10944 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8883 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8789 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8461 views comments | 33 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
6947 views 1 | 8 tweets | 1 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job