- Business name: Fintelum
- Legal name: SIA "Fintelum"
- Jurisdiction: Latvia
- Type: Crowdfunding
- Total invested: Unknown
- Buyback guarantee: No
- Secondary market: Yes
- Licensed: In progress
Fintelum is a crowdfunding platform registered in 2012 and currently based in Latvia. The platform is authorised by Estonian Financial Intelligence Unit to provide cryptocurrency custodian wallet and exchange services in compliance with EU AML laws. This platform is unique in its operations as it functions as a token launch platform, specialising in security token and initial coin offerings (ISO and ICO).
The firm's latest financial report indicates strong liquidity and positive profits. The company has no tax debt and is not overwhelmingly operated using debt.
Platform’s Score and Uniqueness
Fintelum has several essential features, secondary market being one of them, however there is no buyback guarantee. Some products are covered by deposit insurance or secured by real estate. The average return is highly varied across the different projects.
Fintelum, which is a p2p platform based in Latvia, offers a unique product for the p2p market- platform for ISO and ICO. The platform’s CEO seems rather experienced, however several conventional features are not yet developed for this platform - most importantly, buyback guarantee. Further on, the statistics page is not implemented and the product might be harder to understand for the general crowdfunding public.
Board & Team
According to the Fintelum webpage, they currently have 12 employees. General information about education and experience is provided only for the managing directors. Current CEO Liza Aizupiete is a graduate of University of Geneva and, throughout career development, has worked not only as a fund and portfolio manager in capital management firms but has also held management and supervisory board position in her co-founded cryptocurrency exchange.