# Authorisation as a crowdfunding service provider under ECSPR (Estonia)

Source page: https://protegra.io/licensing/licences/lending/estonia-crowdfunding/

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.

## At a glance

| Official name | Authorisation as a crowdfunding service provider under ECSPR [1] |
| --- | --- |
| Issued by | [Finantsinspektsioon](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) |
| Jurisdiction | [Estonia](https://protegra.io/licensing/jurisdictions/estonia/) |
| Licence family | [Lending / consumer credit](https://protegra.io/licensing/licences/lending/) |
| Legal basis | Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business [2] |
| Passporting | EU/EEA passport available |
| Public register | [official register](https://www.fi.ee/en/supervised-entities?closed=1&st[2092]=2092) [1] |
| Current holders | 1 [1] |

## What it lets you do

- [Crowdfunding services](https://protegra.io/licensing/activities/crowdfunding/)

- **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]

## Laws behind it

- [European Crowdfunding Service Providers Regulation](https://protegra.io/licensing/laws/eu-ecspr-2020-1503/): Regulation (EU) 2020/1503

## Sources

1. [fi.ee: supervised entities](https://www.fi.ee/en/supervised-entities?closed=1&st[2092]=2092): retrieved 2026-09-24
2. [eur-lex.europa.eu: oj](https://eur-lex.europa.eu/eli/reg/2020/1503/oj): retrieved 2026-09-24
3. [taotlus.fi.ee](https://taotlus.fi.ee/en): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.