Certainly, many of us have already had a project that needed a collaborative funding (Crowdfunding) with more than two people, and it doesn't always end up going well, because not always both parties end up reaching a consensus, and the process of Crowdfunding obeys some rules that must be respected.
To this end, the Capital Market Commission (CMC) submitted to the public consultation the draft law of the legal regime on collaborative financing (through crowdfunding), learned about the institution's Market. The diploma provides for four types of collaborative financing, with emphasis on reward, donation, capital and loan. The public consultation process, which will end on September 04, 2020, will deal with the maximum limit of ten days for the availability of financing through the platforms and characteristics of the offer.
The duties of the platform's management entities, the permission to extend the term or change by offer, as well as the investment limits and the legal sanctioning regime also go to public consultation.
The measure also addresses the protection of investors to whom an entrepreneur publicly requests, through computerized means and channels, the allocation of their savings, as well as ensuring the security and credibility of the financial system, through the imposition of a set internal organization and conduct duties to all market participants.
According to Herlander Diogo (Director of the regulatory policy and standards department at CMC), “this public consultation process comes within the scope of the process of drafting the degrees that CMC has”. He recalled that the "diploma will create another opportunity, a financing mechanism for Small and Medium Enterprises (SMEs) and small investors, is a legal regime that safeguards the protection of these investors".
Advantages for investors
According to Herlander Diogo, collaborative financing will bring something new that is not new in more developed jurisdictions. Herlander Diogo points out as advantages "the fact that the investor does not need to meet very tight requirements to obtain financing, the ease with which this mechanism reaches a large number of people, in which people can easily join to make their contribution".
To the agents of the market Herlander Diogo, he advises to look at the diploma as a window that opens for those companies that are taking the first steps who do not have the conditions or do not comply with the requirements demanded by the bank can choose the contributions so have a diploma on this type of financing in order to create business and employment opportunities, to create financing mechanisms both in the capital market and large-scale financing.
Crowdfunding platforms already exist in Angola?
There are currently two platforms for through crowdfunding in Angola, we are talking about the Deya, a platform allows the collective financing of projects in Angola, as well as the Pambalas, an online financing platform that aims to promote talent.
