Spanish Crowdlending Update: MytripleA & Lendix Receive CNMV Authorization

madrid spain espagneContinuing to establish a fecund atmosphere for alternative financial market growth, Comision Nacional del Mercado de Valores (CNMV), the regulatory body of the Spanish Stock Market,  has given authorization to MytripleA, Crowdcube and Lendix. Last week Crowdcube Spain was  authorized by the CNMV as established in the Law to Promote Business Financing or the “Crowdfunding Law”: Crowdcube officially became the first equity platform that is internationally regulated in two European countries, by the Financial Conduct Authority (FCA) in the United Kingdom and by the CNMV in Spain.

Crowdlending has experienced rapid growth across Europe. Last year alone,  the Spanish market grew 266%, according to; the combination of the new regulatory framework and CNMV supervision hopes to achieve a greater degree of altfin sector awareness and transparency.

Sergio Anton “Alternative financing is growing rapidly in Spain and we are very happy to have received the formal approval of CNMV,” commented CEO and co-founder of MytripleA Sergio Anton. “It is very important to continue offering our investors and companies the highest standards of quality and regulatory compliance. With this approval, we can continue our rapid expansion within the regulatory framework.”

Launched in 2015 and licensed by the Bank of Spain, MytripleA was authorized as a Platform for Participatory Financing, the formal name for a P2P lending platform, reported, one of the first actions to implement Law 5/2015 Promotion of Corporate Financing. “MytripleA already benefits from a Payment Institution license (which can be passported within the EU) granted by the Bank of Spain, which authorizes MytripleA to make loan disbursements and receive loan installments within the regulatory environment for banking payments. This is an additional regulatory requirement in Spain, which is not required by other European countries,” noted

Spain from Space“MyTripleA is the first Spanish crowdlending platform to have both of the required authorizations; competitors entering Spain, will not be able to use “passporting provisions” from a financial regulator outside of Spain and will need to apply for a Platform for Participatory Financing license before being able to operate in compliance with Spanish regulations Law 5/2015 Promotion of Corporate Finance provided a unified legal framework for crowdlending platforms and securitized funds, and made CNMV responsible for their creation, authorization and supervision,” reported Within the new regulatory framework and with the supervision of CNMV, a greater degree of awareness of the alternative financial services market is anticipated.

Also receiving authorization was France’s Lendix which received its own formal CNMV accreditation to operate as a P2P lending platform in Spain. According to, the Spanish entity will be the first Lendix international market to open, targeting SME financing for amounts ranging from 30,000€ to 2,000,000€. The launch of Lendix’s spanish platform is scheduled for Q4 2016.

oliver goy“We’re delighted that Lendix is authorized to operate as a crowdlending marketplace under the new regulated environment in Spain,” Lendix Founder and President Olivier Goy explained. “For Lendix, working in a clear regulatory environment is paramount and we are even more honored, as an international platform, to be allowed to operate in Spain.”

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