German crowdinvestment service Bergfürst announced yesterday that it has been granted a full bank license from German regulator Bafin. This status is not that frequently reached by new companies. In 2013 only 3 new companies were granted full bank licenses.
Bergfürst was launched in 2012 and featured a fully regulated exchange as USP from the start allowing investors to trade equity of funded companies with daily market prices fixed. Effectively Bergfürst allows companies to do a small IPO directly to the crowd. Since launch Bergfürst only did one funding – albeit a huge one – in the end of 2013, Urbanara raised 3 million Euro (about 4M US$). In September 2013 Volksbank Berlin became a shareholder of Bergfürst.Bergfürst will move into real estate backed crowdinvesting announcing that its first pitch with a 1M Euro funding goal will open for funding in September. Bergfürst says it has 9,200 registered investors on the platform.