Global FinTech Guide
Country Name
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 defined financial service, but generally used to describe 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).


Attitude of the country towards crowdfunding, crowdinvesting and crowdlending platforms

Peru has a crowdfunding law since 2020. The Urgency Decree # 013-2020 created the crowdfunding activity and the incorporation of crowdfunding companies. The Regulator is the SMV.

This kind of services are new and not mostly known by the market, however there is a public interest in such services due to the information coming from foreign jurisdictions. That is the reason some experts are continuously requesting the regulators to provide a legal framework.

The mentioned law regulates two (2) types of crowdfunding: equity crowdfunding/crowdinvesting and crowdlending. The Decree establishes obligations for companies that are responsible for the management of the platforms and the applicable conditions to the services. Although the regulation for the two (2) crowdfunding types is similar and there is only one regulatory authority (SMV), in case of crowdlending, the companies shall be registered before the SBS, and anti-money laundering regulation will apply.

Legal affairs

Obligations and requirements to provide crowdfunding, crowdinvesting and crowdlending platforms described above

A license is needed for providing such services, connecting investors to a specific project, seeking a financial return. The license is granted by the Superintendence of Capital Markets. To provide crowdfunding services the minimum share capital in cash shall be the equivalent of USD 80,000 approximately.

Additional comments regarding the legal situation for crowdfunding, crowdinvesting and crowdlending platforms or what FinTech’s must be aware of in this business area

SBS will require a registration for supervising the anti-money laundering system within the company and platform in case of crowdlending.

Economic conditions

Market size for crowdfunding, crowdinvesting and crowdlending platforms and biggest companies in this business area

The market is relatively new. The law appeared in 2020 before the pandemic and there is enough space for new companies.

Additional comments regarding the economic situation for crowdfunding, crowdinvesting and crowdlending platforms or what FinTech’s must be aware of in this business area




© 2022, Barrios Fuentes Abogados. All rights reserved by Barrios Fuentes Abogados as author and the owner of the copyright in this chapter. Barrios Fuentes Abogados has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.


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