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The First professional crowdfunding association has appeared in Russia.

Aug 14, 2018

The Association of investment platform operators has been established which is the first professional crowdfunding association in Russia. The association's co-founders are Planeta.ru, SIMEX, "Fundico", and "Pierce".

The Association is planning to participate in the discussion of crowdfunding regulation sphere, including the federal law project № 419090-7 "Of attracting investments with use of investment platforms", approved on the first pass in June 2018. The organization aims to offer the government tools and ideas to grow crowdfunding in Russia, improve its availability for business etc.

The first quarter of 2018 in Russian crowdfunding market shows total volume of conducted deals reach up to 2.33 billion Rubles, which is 1.6 times larger than the previous year numbers.

Source: Коммерсанъ

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