Enerfip, a France-based investment crowdfunding platform operating in the renewable energy sector, has gained approval to operate under ECSPR – European Crowdfunding Service Provider Regulation. Enerfip will now be able to raise capital online across all European Union member states. Issuers may raise up to €5 million.
Enerfip was previously regulated by the Autorité des Marchés Financiers (AMF) as a Participatory Investment Advisor as well as regulated by the French Prudential Control and Resolution Authority (ACPR) as a crowdfunding intermediary.
Under ECSPR, an online investment platform must be reviewed and approved by its relevant national authority to sell securities across the EU. Enerfip gained approval from the AMF.
[🇪🇺 #Agrément européen #PSFP obtenu 👊🏻]
Désormais, Enerfip exercera son activité de service de #financementparticipatif sous l’agrément européen de PSFP !
Agrément obtenu auprès l'Autorité des Marché Financiers 👊 pic.twitter.com/IBmzpiNclf— Enerfip (@EnerFip) December 12, 2022
Founded in 2014, Enerfip reports just under 40,000 investors having raised almost €300 million in debt offerings. Projects funded typically include solar and wind projects around France and several other countries, with investors generating a return of around 7% (pre-tax). In total, 280 projects have been financed on the platform. Enerfip publishes a page where performance data on securities offerings are posted.
Enerfip joins a growing number of investment crowdfunding platforms approved under ECSPR, offering pan-European crowdfunding. Expectations are for all EU platforms to be qualified by November 2023.