Algeria’s stock market regulator has granted a definitive license to Yinvesti, recognizing it as the country’s first officially approved securities crowdfunding platform, the Commission for the Organization and Supervision of Stock Market Operations (Cosob) said.
The license allows Yinvesti to operate as an investment advisory firm for participatory financing after meeting all necessary technical requirements, in line with Commission Regulation No. 23-01 issued in April 2023, Cosob said in a statement.
Crowdfunding platforms offer startups, micro-enterprises, and entrepreneurs an alternative financing route by raising funds from the public through digital platforms.
Cosob said this move will help strengthen Algeria’s entrepreneurial ecosystem by providing easier access to capital for emerging businesses.
“Yinvesti is a revolution in the financial landscape. Our commitment is to transform ambitious ideas into tangible realities and create a prosperous future for all,” the company said in a statement.
Cosob said it intends to increase public awareness of crowdfunding and encourage the establishment of additional licensed platforms.
It emphasized that investor participation will be critical to the success of the initiative, which is expected to modernize the country’s financial system and support digital transformation.
Yinvesti’s approval aligns with Algeria’s efforts to diversify financing channels and reduce reliance on traditional banking. The platform will facilitate investment in innovative projects while adhering to regulatory standards, ensuring transparency and security.
Industry analysts say the development is likely to attract a new generation of investors looking for opportunities in Algeria’s growing startup ecosystem.
The country has seen increased interest in fintech solutions and digital platforms, reflecting a broader global trend toward alternative financing models.
The regulator’s move is seen as a step toward fostering a more inclusive financial environment. By broadening access to capital, Algeria aims to drive economic growth and stimulate entrepreneurship.
Cosob’s commitment to regulatory oversight will also provide investors with confidence in the integrity of crowdfunding transactions, the commission said.