Last update: 4/23/2024
Crowdfunding is an online, public call-to-action (campaign) to meet the financing needs of the Campaign Owner Business. When the Campaign Owner issues transferable securities in exchange for financing, it is considered investment-based crowdfunding. The company operating the crowdfunding service, i.e., an online platform suitable for publishing and managing campaigns, must…
TokePortal.com is a CSP operating under the supervision of the Malta Financial Services Authority (MFSA) in the European Union, located at 215/1, Old Bakery Street, Valletta VLT 1451, Malta. It is a subsidiary of TokePortal Zrt. (1095 Budapest, Soroksári u. 48). TokePortal Zrt. was founded in 2017 by economist and…
The operational license pertains to the execution of investment-based campaigns (campaign services) and enabling the secondary trading of crowdfunded securities. Currently, equity-based campaigns can be launched, which may include convertible loans and real estate-based campaigns. In equity-based campaigns, investors invest either directly into the Campaign Owner, or an intermediary…
Individuals, businesses, and institutions can indicate their intention to start a campaign on TokePortal.com, but only a legal person capable of issuing tradable securities in an EU member state can launch an investment campaign This might mean that the Campaign Owner is required to establish an SPV company. In…
The question of campaign or investment structure includes: The rights and involvement of previous investors of the Campaign Owner company in the campaign; The size of the investment and rights of the Lead Investor – or, in the absence of a Lead Investor, the rights of the Delegated person; Any…
Under the ECSPR, on a platform operated by an authorized CSP, like TokePortal, the maximum amount of capital that can be raised within a year, either through multiple campaigns or across multiple platforms, is 5 million euros. Of course, the market limit will ultimately determine whether this capital can be…
The campaign initiation proposal can be submitted by the prospective Campaign Owner or its founder, who represents the business, with the signing of the confidentiality statement available at this link and a brief description, after studying the Campaign Launch information and Frequently Asked Questions: – https://tokeportal.com/kampanyinditasi-folyamat/ – https://tokeportal.com/gyik/ Subsequently,…
Crowdfunding is the raising of capital through online communication. The basic principle is that the more potential investors a campaign’s communication reaches, the greater the likelihood of a successful start. Early investors act as a magnet for others, who generally wait and decide later or often at the last moment,…
In investment-focused campaigns, only those reaching their minimum capital target can access the funds raised in their campaign. The capital target is defined in a range with minimum and maximum limits. When the minimum capital target (as shown by the counter on the campaign page) is reached, the campaign is…
The fees applied by TokePortal are determined by the Pricing Policy (PP). For the mandatory fees payable to TokePortal by clients (Campaign Owners), on top of the mandatory Success Fee, TokePortal offers two pricing models: a fixed fee and a success-based fee model. The latter differs from a purely…
In terms of capital pricing, as with any venture capital investment, two critical pieces of information need to be developed and published to potential investors in the indicative Investment Terms (KIIS): one is the pre-money company valuation, also known as enterprise value (EV), and the other is the expected return.…
The European Union’s Capital Markets Union (CMU Initiative) aims to create a unified and efficient internal capital market within the EU. This initiative led to the establishment of uniform EU capital market regulations, including the Prospectus Regulation, and the Regulation on European Crowdfunding Service Providers for Business (ECSPR), which came…
Anyone can browse the Tokeportal.com website but accessing information on investments in Campaigns and using certain functions require registration, authentication, and completion of an investor profile. Before authentication, Users are subject to the Terms of Use of the Landing Page Website. As the Users become verified Users, they accept the…
Yes, the Declarations of Commitment to Purchase Shares (DoC) can be withdrawn for free until the Campaign’s Last Day by accessing the Investor Profile. However, the Campaign Owner only refunds the paid deposit after the campaign closes, when the collected capital is released from the Custodian Account. The system removes…
Any securities account suitable for receiving shares will suffice. Accounts held at commercial banks are suitable for this purpose. Typically, one cannot open an account at brokerage firms for the purpose of storing OTC securities, but existing accounts can receive shares from crowdfunding. Each Investor is obligated to upload a…
The two biggest risks in investing through crowdfunding are precisely what differentiate these securities’ issuers from stock market issuers: the risk associated with the start-up’s unproven business model and liquidity risk. These are summarized in the Risk Warning. Liquidity risk means that although these shares are tradable, and Investors…
The tax rate payable after our investment yields returns depends on whether we invested as an individual or a corporation. Capital gains tax and withholding tax apply to the investments. For more details, see our article on the topic. In Hungary, there is currently no tax incentive for startup investments.…
Investing in a start-up typically requires time to realize actual value growth, usually a minimum of 3 years, but more often 5, although faster growth can occur. We should make our investment decision prepared for this timeframe. Often, it’s at the end of this period, during an acquisition or exit,…
In a campaign, the role of the lead investor can be undertaken by an Angel Investor, a legal entity with an Investor Profile, or any User with an Investor Profile who has committed to a minimum investment of 10,000 EUR, and whose lead investor status has been pre-approved by TokePortal.…
The Key Investor InformationSheet (KIIS), which is presented below, contain the rights offered by the Campaign Owner to Investors in exchange for their capital. This can be modified through discussions between prospective Investors and the Campaign Owner on the Forum and during investor meetings. If an agreement modifying the Investment…
The primary way of communication with the Campaign Owner is always reading the newsletters, as the Campaign Owner announces new perks, developments, and other changes through them, which may be important from an investment standpoint. In addition to the newsletter, the Campaign Owner regularly holds Investor Meetings, which are…
The Mentorplatform is one of the sub-brands or services of TokePortal, serving the need for projects preparing for capital raising to evolve into businesses suitable for investment. Starting and building a business is not a simple task. Mentors help in this process. Anyone with real, personal experience in managing start-up…
Contact us at hello@tokeportal.com or write us additional questions on the interface!
