Flex Funding has obtained the Danish FSA's unlimited license as a payment institution to offer loan-based crowdfunding. Thus, among other things, requirements are set for:
- That the management is suitable ("Fit & Proper")
- The highest minimum capital
Securing customer funds ("ring fencing")
- A secure and reassuring IT system incl. handling procedures and risk
- Risk and compliance function
- Reporting to the Danish Financial Supervisory Authority
- In addition, customers' funds in accounts in Flex Funding are also covered by the Guarantee Fund (Deposit Guarantee Fund).
This can be checked here: