23 February 2018
Visit www.capgemini.com/worldreports

Finnish crowdfunder FellowFinance authorised as Payment Institution

12 December 2017  |  2633 views  |  0 Source: FellowFinance

On December 11th 2017 Fellow Finance became the first Finnish crowdfunding and peer-to-peer platform which has been authorized as a payment institution by the Financial Supervisory Authority of Finland.

Alongside with the current operations the authorization will enable Fellow Finance to provide new services to its consumer and corporate customers, to expand its services further in Europe and to utilize the new payment service directive (PSD2) in the development of Fellow Finance service.

"Applying for the payment institution authorization as a part of our international strategy and product development was one of our milestones on our way to become the leading crowdfunding platform in Europe. Together with the new upcoming PSD2 directive the payment institution authorization opens up new opportunities in the evolving banking service environment. Our payment service authorization is also a natural step towards clear operating environment which in turn increases trust, credibility and confidence in crowdfunding and peer-to-peer lending as an alternative investment and financing option”, says Jouni Hintikka, CEO of Fellow Finance.

Fellow Finance - Crowdfunding for People and Businesses
Fellow Finance is the largest crowdfunding platform in the Northern Europe and the first one that offers both peer-to-peer-lending service to consumers and loan-based crowdfunding to companies. Fellow Finance has intermediated loans for over 192 million euros and the platform has 273.000 users from 43 countries. Fellow Finance Plc is regulated by the Financial Supervisory Authority of Finland as an Authorised Payment Institution.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10927 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10078 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7852 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7547 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7298 views comments | 10 tweets | 14 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job