Indemo: Platform with Passporting in Spain & Germany
We are thrilled to share remarkable news from Indemo - we've achieved a significant milestone as the pioneer peer-to-peer (P2P) platform, offering investment opportunities in loans, to secure passporting approval in both Spain and Germany. This milestone empowers us to seamlessly operate across European Economic Area (EEA) countries, unlocking a plethora of cross-border possibilities for our valued investors. In this blog post, we'll explore the importance of this accomplishment and its role in setting us apart within the financial landscape.
Highlights:
- The EU passporting system streamlines cross-border operations for investment services companies, allowing authorized firms in any EU or EEA state to trade with minimal additional authorization in other member states. This system is the cornerstone of the EU's single market for financial services.
- Built on the assumption of uniform standards, the passporting system treats investment firms authorized anywhere in the EU as if they were locally authorized, adding an extra layer of customer trust and investor protection.
- Passporting affords Indemo an expanded reach to diverse clientele across multiple EEA countries, catering to a wide range of investment preferences and needs.
Understanding EU Passporting:
All EU member states constitute the EU single market, facilitating free circulation of goods and granting businesses established within it the rights to offer products and services across the region. This integration is supported by harmonized rules and standards for various products and services, including investment services. The foundation of this integration is a single EU rulebook for financial services, allowing authorized providers to offer defined services throughout the EU once established in a member state.
The passporting system hinges on the belief that investment firms authorized in any EU country adhere to the same standards, treating them as if they were locally authorized. This is reinforced by strong regulatory cooperation between national supervisory authorities in the EU, enabling firms to provide services across EU borders on par with local providers.
Why Passporting Matters for Customers:
Indemo customers in Spain and Germany can trust that our application has been verified by the respective supervisory authorities, ensuring we meet the same standards as local firms. This adds a layer of trust and investor protection, with information available in the national services provider registers of Spain and Germany.
Why Passporting Matters for Indemo:
Being the first P2P platform with passporting in Spain and Germany positions Indemo at the forefront of innovative investing. This achievement removes regulatory complexities. Furthermore, it enables us to extend our services to investors in Spain and Germany, and gradually expand into new markets.
Conclusion:
Expanded Market Presence: Passporting broadens our client base across various EEA countries, catering to diverse investment needs and preferences.
Enhanced Flexibility: Passporting allows us to swiftly adapt to market changes, making us more responsive to evolving financial landscapes.
Reinforced Reputation: Our passporting approval underscores our commitment to compliance and regulatory standards, enhancing our reputation as a trustworthy financial entity.
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This content is a marketing communication. It shall not be treated as investment advice, independent research or offer, recommendation or invitation to invest in the investment opportunities referred to herein. The content is not aimed at promoting services or products to persons based in jurisdictions where the distribution of said information would be illegal.
Investing in financial instruments involves risk, and there’s no guarantee that investors will get back invested capital. Moreover, past performance does not guarantee future returns. Indemo SIA shall not be responsible for any direct or indirect loss from using the provided information.