Crowdfunding Service Provider

A registered legal entity that carries out intermediation activities through a crowdfunding platform by offering services for raising funds from multiple investors with the purpose of financing projects, start-ups, or other initiatives. The provider is obliged to operate in compliance with the requirements for transparency, investor protection, and regulatory oversight, as set out in the Law on the Provision of Crowdfunding Services and the applicable European legislation (Regulation (EU) 2020/1503). In addition, the provider is required to submit data to the Bulgarian National Bank for the Central Credit Register, providing monthly information about its clients.