LendSecured paid capital increased to EUR 100k The paid-up capital of LendSecured (company name Secured Finance MGMT) has reached EUR 100K. Upon starting operation, in order to rise the financial stability of the company, Secured Finance MGMT increased its share capital and now has also paid it up and registered the changes in the Commercial register of Latvia.
Crowdfunding license We already have done a lot and we continue to take steps towards making the platform as safe as possible. Currently, we continue to adapt the platform to the provisions of the new crowdfunding regulation and cooperate with the supervisory authority (FCMC) to be first, who receives the ECSP license in Latvia, when the crowdfunding regulation becomes applicable in November, 2021.
Launching new investment product in Q1 2021 The new product – seasonal funding for farmers with grain as collateral – will offer a possibility for investors to diversify their portfolio and invest in loans with added value to the whole EU economy. Financial gap in the EU agricultural sector is between EUR 7.06 billion and 18.6 billion, thus LendSecured goal is to narrow it down by offering farmers better access to funding. More detailed information coming soon.