Crowdcube Gains UK FSA Authorisation

Crowdcube – the first website to offer equity for crowdfunding investments, has announced today that it has achieved FSA authorisation.

The FSA is the financial regulator for investments in the UK.

Although Crowdcube has successfully operated without authorisation by the FSA for the past 18 months and had already raised over £5m for startups, the company has, nevertheless, decided to become authorised by the FSA.

The company believes this authorisation indicates that they have rigorous controls as well as meaning that “Crowdcube investors will now have access to independent experts from the Financial Ombudsman Service (FOS) and [can] claim compensation from the Financial Services Compensation Scheme (FSCS).”

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