M2Crowd can now operate as a real estate crowdfunding institution.

The National Banking and Securities Commission (CNBV) has authorized M2Crowd, a real estate crowdfunding platform, to operate as a Collective Financing Institution (IFC) in accordance with Fintech regulations.

Photograph of real estate in Mexico. Photo: JoeyCheung.

08/03/2021

The National Banking and Securities Commission (CNBV) has authorized the real estate crowdfunding platform M2Crowd to operate as a Collective Financing Institution (IFC). This authorization is in accordance with the guidelines of the Fintech Law, which regulates financial technology institutions.

Simon Dalgleish, CEO of M2Crowd, has stated that this authorization allows the platform to prepare for a growth phase in both funded projects and investor users. The CNBV supports the solidity and viability of M2Crowd's processes, which have been aligned with both national regulations, such as AFICO, and international regulations, such as the Financial Conduct Authority (FCA) of the United Kingdom, from the beginning.

In February 2019, M2Crowd requested authorization from the CNBV as a Financial Technology Institution (ITF). From the start, they have sought the path of regulation and have formed a strong team of experts in real estate, Fintech, and the related financial, legal, and technological aspects.

With this authorization, the company expects to maintain positive growth and aims to reach 75,000 users by the end of 2021, in addition to complementing financing campaigns with approximately 120 million pesos.

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