CEE Attorneys Boanta Gidei si Asociatii has advised Fagura on the setup and launch of the Fagura.ro loan-based participatory finance provider platform.
The Fagura.ro platform is authorized by the Financial Supervisory Authority and, according to the firm, is a platform offering loans to small and medium-sized companies. "The authorization from the ASF makes Fagura.ro one of the first loan-based equity providers authorized" in Romania, CEE Attorneys Boanta Gidei si Asociatii announced.
According to Partner Radu Boanta, the project tapped "diverse areas of expertise such as corporate, FinTech, crowdfunding, e-commerce, data protection, and AML" and will contribute "to the development of the business environment in Romania and provide a new tool for alternative financing."
The CEE Attorneys team included Partners Nicolae Ursu, Radu Boanta, and Krisztina Voicu, Of Counsel Adrian Natoi, Managing Associates Madalina Ivan and Lisaura Ungureanu, and Associate Denis Jignea.