IUVO GROUP obtained credit intermediary authorisation from the Financial Supervision Authority

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The firm's banking and finance team led by partner Marko Kairjak advised Bulgarian capital-based rapidly growing crowdfunding platform IUVO, focusing on both consumers and corporate clients, in obtaining credit intermediary authorisation in the Estonian Financial Supervision Authority.

Pursuant to the act passed by the Parliament (Riigikogu) on 18 February 2015, the creditors and credit intermediaries are subject to supervision by the Estonian FSA. The full list of creditors that have been granted an authorisation by the FSA is available in the register of supervised entities.

IUVO is the first online credit market in Estonia to offer products from the Balkan countries, more precisely from Bulgaria. The services of IUVO are used by over thousand investors from 35 different countries all over the world and the total amount of loans listed is currently over 18 million euros. https://www.iuvo-group.com/en/

On the same topic (In Estonian)

Äripäev: Crowdfunding intermediary got a licence


Marko Kairjak

Nikita Divissenko
Elina Varendi
Sille Rästas