Global FinTech Guide
Global Overview

The global overview provides a quick comparison of legal and economic considerations for every participating country. To read more in-depth country specific information for each area, please select a country from the list.

Crowdfunding/crowdinvesting/crowdlending
FinTechs belonging to this category operate crowdfunding, crowdinvesting and crowdlending platforms on which money is raised to invest in various projects, mainly start-up companies and real estate projects. Crowdfunding is not a legal term, but often used as the general term for donation-based crowdfunding (the investor donates the money to the project), reward-based crowdfunding (the investor receives an often symbolic consideration for his investment), equity-based crowdfunding (crowdinvesting: the investor participates in the profits of the financed project or acquires shares or debt instruments) or lending-based crowdfunding (crowdlending: the investor is reimbursed at the end of the project with or without interest).
Regulation of reward-based crowdfunding platforms as described above and requirement of a license
CountryDonation-based CrowdfundingReward-based CrowdfundingCrowdinvestingCrowdlending
Albanianononono
Argentinanonoregulation; license requiredno
Australianonoregulation; license requiredregulation; license required
Austrianonoregulationregulation
Boliviaregulationregulationregulation; license requiredregulation; license required
Bosnia and Herzegovinanononono
Bulgarian/an/aregulation; license requiredregulation; license required
Canadanonoregulation; license requiredregulation; license required
Chileregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Chinaregulation; license requirednoregulationregulation; license required
Colombianonoregulation; license requiredregulation; license required
Costa Ricalicense requiredlicense requiredlicense requiredlicense required
Croatiaregulation; license requirednoregulation; license requiredregulation; license required
Czech Republicnonoregulation; license requiredregulation; license required
Dominican Republicnoregulation; license requiredregulation; license requiredno
Finlandregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Franceregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Germanynonoregulation; license requiredregulation; license required
Hong Kongnononono
Hungarynonoregulation; license requiredregulation; license required
Irelandnononoregulation; license required
Italynonoregulation; license requiredregulation; license required
Japannonoregulation; license requiredregulation; license required
Korea, Republic ofnonoregulation; license requiredregulation; license required
Malaysianonoregulation; license requiredregulation; license required
Mexicoregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Montenegronononono
New Zealandnonoregulation; license requiredregulation; license required
Nigerianoregulation; license requiredregulation; license requiredregulation; license required
North Macedonianononono
Perunoregulation; license requiredregulation; license requiredregulation; license required
Philippinesnonoregulation; license requiredregulation; license required
Polandnonoregulation; license requiredregulation; license required
Portugalregulationregulationregulation; license requiredregulation; license required
Romanianonoregulation; license requiredregulation; license required
Russiaregulationregulationregulationregulation
Saudi Arabianonoregulation; license requiredregulation; license required
Serbianononono
Singaporeregulationnoregulation; license requiredregulation; license required
Slovenianonoregulation; license requiredregulation; license required
Spainnoregulation; license requiredregulation; license requiredregulation; license required
Switzerlandnonoregulation; license requiredregulation; license required
Thailandnonoregulation; license requiredregulation; license required
Turkeynonoregulation; license requiredregulation; license required
United Kingdomnonoregulation; license requiredregulation; license required
United Rep of Tanzanianononono
United Statesnonoregulation; license requiredregulation
Uruguaynonolicense requiredno
Vietnamregulation; license requirednonono
No information available
CountryAnswer Text
There are no records.
Difficulty of upholding compliance with the regulation regarding crowdfunding, crowdinvesting and crowdlending platforms
CountryAnswer
Argentinaaverage2505Argentina
Australiaaverage2175Australia
Austriaaverage2670Austria
Boliviaaverage2927Bolivia
Bosnia and Herzegovinan/a2190Bosnia and Herzegovina
Bulgariaaverage2975Bulgaria
Canadahard2145Canada
Chileaverage2235Chile
Chinahard2250China
Colombiahard2265Colombia
Costa Ricahard2280Costa Rica
Croatiaaverage2295Croatia
Czech Republicaverage2805Czech Republic
Dominican Republichard2828Dominican Republic
Finlandhard2916Finland
Franceaverage2715France
Germanyaverage2130Germany
Hong Kongeasy2730Hong Kong
Hungaryaverage2340Hungary
Irelandaverage2685Ireland
Italyaverage2325Italy
Japanaverage2842Japan
Korea, Republic ofaverage2355Korea, Republic of
Malaysiaaverage2655Malaysia
Mexicohard2625Mexico
Montenegron/a2370Montenegro
New Zealandaverage2385New Zealand
Nigeriaaverage2896Nigeria
North Macedoniaeasy2430North Macedonia
Peruaverage2415Peru
Philippinesaverage2400Philippines
Polandaverage2475Poland
Portugalaverage2490Portugal
Romaniaaverage2790Romania
Russiaaverage2865Russia
Saudi Arabiahard2873Saudi Arabia
Serbiahard2460Serbia
Singaporehard2938Singapore
Sloveniaaverage2520Slovenia
Spainhard2535Spain
Switzerlandhard2700Switzerland
Thailandaverage2550Thailand
Turkeyhard2745Turkey
United Kingdomaverage2775United Kingdom
United Rep of Tanzanian/a2760United Rep of Tanzania
United Statesaverage2580United States
Vietnameasy2954Vietnam
Level of competition regarding crowdfunding, crowdinvesting and crowdlending platforms
Argentinalow2505Argentina
Australiaaverage2175Australia
Austriahigh2670Austria
Boliviaaverage2927Bolivia
Bosnia and Herzegovinan/a2190Bosnia and Herzegovina
Bulgarialow2975Bulgaria
Canadalow2145Canada
Chileaverage2235Chile
Chinaaverage2250China
Colombialow2265Colombia
Costa Ricalow2280Costa Rica
Croatiahigh2295Croatia
Czech Republiclow2805Czech Republic
Dominican Republiclow2828Dominican Republic
Finlandaverage2916Finland
Franceaverage2715France
Germanyhigh2130Germany
Hong Kongaverage2730Hong Kong
Hungarylow2340Hungary
Irelandhigh2685Ireland
Italyaverage2325Italy
Japanhigh2842Japan
Korea, Republic ofhigh2355Korea, Republic of
Malaysialow2655Malaysia
Mexicohigh2625Mexico
Montenegron/a2370Montenegro
New Zealandlow2385New Zealand
Nigeriaaverage2896Nigeria
North Macedonialow2430North Macedonia
Perulow2415Peru
Philippineslow2400Philippines
Polandhigh2475Poland
Portugallow2490Portugal
Romanialow2790Romania
Russiaaverage2865Russia
Saudi Arabiahigh2873Saudi Arabia
Serbialow2460Serbia
Singaporeaverage2938Singapore
Slovenialow2520Slovenia
Spainaverage2535Spain
Switzerlandaverage2700Switzerland
Thailandlow2550Thailand
Turkeylow2745Turkey
United Kingdomhigh2775United Kingdom
United Rep of Tanzaniaaverage2760United Rep of Tanzania
United Statesaverage2580United States
Vietnamlow2954Vietnam

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