Lending / consumer credit · Estonia

Authorisation as a crowdfunding service provider under ECSPR (Estonia)

The Authorisation as a crowdfunding service provider under ECSPR is issued by Finantsinspektsioon (FI) under Regulation (EU) 2020/1503 on European crowdfunding service providers (ECSPR). It can be passported to the other EU/EEA states by notification. The official register lists 1 current holder. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator FIMarkdown · Data (CC BY 4.0)

At a glance

Official name	Authorisation as a crowdfunding service provider under ECSPR¹
Also known as	ECSP · ECSPR authorisation · Estonian crowdfunding licence · Estonian ECSP licence · Estonian crowdfunding service provider authorisation · Finantsinspektsioon crowdfunding authorisation
Issued by	Finantsinspektsioon
Jurisdiction	Estonia
Licence family	Lending / consumer credit
Legal basis	Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business²
Passporting	EU/EEA passport available
Public register	official register¹
Current holders	1¹

What it lets you do

Crowdfunding services	Matching business funding interests of investors and project owners through a platform, by facilitating loans or placing securities.

Where it is valid

Issued in Estonia (gold); can be passported to the other EU/EEA states (blue) by notification.

Buying a company that already holds it

Prior approval required. Acquiring or increasing a qualifying holding reaching or crossing 10%, 20%, 30%, or 50% of share capital or voting rights in an Estonian bank, payment institution, EMI, investment firm, or CASP requires prior notification and approval from Finantsinspektsioon. Filings are submitted electronically through the FI Application Portal (or via the ECB SSM portal for credit institutions). The statutory assessment period is 60 working days from receipt of complete documentation, interruptible once by up to 20 or 30 working days to request additional information, evaluating acquirer reputation, financial solidity, and AML/CFT compliance.³

Credit in other countries

Country	Licence	Regulator	Min. capital	Application fee	Statutory time
Australia	Australian credit licence (ACL)	ASIC	n/a	n/a	n/a
Cyprus	European Crowdfunding Service Provider authorisation	CySEC	n/a	n/a	n/a
Czech Republic	Non-bank Consumer Credit Provider licence	CNB	n/a	CZK 50,000	n/a
Czech Republic	Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR	CNB	n/a	CZK 20,000	~3 mo
Estonia	Operating licence as a credit servicer	FI	n/a	n/a	n/a
Estonia	Operating licence as a creditor	FI	n/a	n/a	n/a
Estonia	Authorisation as a crowdfunding service providerAuthorisation as a crowdfunding service provider under ECSPR	FI	n/a	n/a	n/a
Estonia	Authorisation for operating as a financial institution	FIU	n/a	EUR 3,300	~2.8 mo
Estonia	Operating licence as a credit intermediary	FI	n/a	n/a	n/a
France	European crowdfunding service provider authorization	AMF	n/a	n/a	~3 mo
Ireland	Crowdfunding Service Provider Authorisation (ECSPR)	CBI	n/a	n/a	n/a
Italy	European crowdfunding service provider authorization (ECSPR)	CONSOB	n/a	n/a	~3 mo
Latvia	Crowdfunding service provider authorization	LB	n/a	n/a	n/a
Lithuania	Crowdfunding service provider authorization	LB	n/a	n/a	n/a
Lithuania	Peer-to-peer lending platform operator	LB	n/a	n/a	n/a
Luxembourg	Crowdfunding service provider authorisation	CSSF	n/a	EUR 30,000	n/a
Netherlands	European Crowdfunding Service Provider (ECSPR) authorisationEuropean Crowdfunding Service Provider (ECSPR) authorisation under Regulation (EU) 2020/1503	AFM	n/a	EUR 200	~4.2 mo
Poland	Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR	KNF	n/a	n/a	n/a
Poland	Lending Institution registration	KNF	n/a	PLN 616	n/a
Slovakia	Crowdfunding service provider authorisationCrowdfunding service provider authorisation under ECSPR	NBS	n/a	n/a	n/a
Spain	European crowdfunding service provider authorization	CNMV	n/a	n/a	n/a
Spain	Specialized lending credit institution authorization	BdE	n/a	n/a	n/a
United Kingdom	Consumer Credit Full Permission Authorisation (Part 4A FSMA)	FCA	n/a	n/a	n/a

Values come from each licence's page, where every figure has its source.

Laws behind it

European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

fi.ee: supervised entities · retrieved 2026-09-24
EUR-Lex: oj · retrieved 2026-09-24
taotlus.fi.ee · retrieved 2026-09-24

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