Catalan Government endorses 17 funding initiatives as an alternative to traditional banking
The Catalan Government has created the first certification that “guarantees” the quality of 17 funding systems which aim to be an alternative to traditional banking. The public business innovation agency, ACCIÓ, has accredited the first 17, which are private investors’ networks, crowd-funding platforms, crowd-lending systems an invoice traders. According to the Catalan Business and Occupation department, this certification aims to promote and facilitate Small and Medium-sized Companies (‘PIMES’ in Catalan) and Catalan companies’ access to alternative funding systems, which are considered a key factor for innovation and internationalisation and are a growing trending in Europe.