Walliance is a crowdfunding platform authorized under Regulation (EU) 2020/1503, supervised by CONSOB and the Bank of Italy, and is committed to providing investors with clear and accurate information, offering them regulated tools to manage their investments with full awareness. It is important to remember that:
if you invest in an Equity crowdfunding project listed on Walliance, you are making an investment in venture capital; the capital you invest in a project, therefore, cannot be guaranteed.
If you invest in a Lending crowdfunding project, however, you are making an investment in debt capital. In this case, upon maturity of the Financing Contract, and depending on the terms of the investment, you will be reimbursed the principal amount invested, which, if interest has not already been paid to you during the campaign, will be increased by the predetermined interest rate.
What safeguards are available to protect my investment?
Every investment offer presented on Walliance is accompanied by clearly defined tools and safeguards designed to help investors make informed and conscious decisions, with better-defined and mitigated risks.
First and foremost, the regulatory framework: Walliance’s operations are supervised by both CONSOB and the Bank of Italy, as specified at the beginning of this article.
Furthermore, each project may include specific contractual terms and conditions signed by the Issuers, designed to further protect both the capital invested and the returns generated by your investment.
By investing through Walliance you will find aspects that will definitely make you more comfortable with the willing to invest safely.
Liquidation Preference
Some Equity crowdfunding operations listed on the portal may include a clause providing for a liquidation preference for both the capital and the profits generated.
For more information, see the in-depth article: 📖 What is liquidation preference?
First-Demand Independent Guarantee
It is the commitment undertaken by a guarantor to pay a predetermined sum to a specific beneficiary of the guarantee.
Under this independent guarantee agreement, the guarantor undertakes, by way of guarantee, to immediately (“on first demand”) perform the debtor’s obligation, without being entitled to raise any objections regarding the guaranteed relationship. For these reasons, the independent guarantee agreement is also referred to as an “on first demand guarantee”.
Strong Form Letter of Patronage
A strong letter of patronage is a written statement whereby typically a company (usually the parent company) makes a binding commitment to support another company (generally its subsidiary) in connection with obtaining financing.
It is not merely a general or moral assurance; rather, it entails specific undertakings, thereby providing enhanced protection to lenders or financing parties.
Subordination Agreement
An additional safeguard frequently used in real estate crowdfunding transactions is the subordination of shareholder loans.
This consists of an agreement whereby shareholder-lenders agree that repayment of their claims will occur only after all other creditors of the company have been fully satisfied.
In this way, the financial strength of the transaction is reinforced, and greater protection is afforded to third parties involved, reducing the overall investment risk. Subordination aligns the interests of shareholders with those of the project, incentivizing them to support the successful completion of the initiative before recovering their invested capital.
🔎 For each investment offer, all information regarding the safeguards in place is provided in the project page, where you will find all the contractual documents that you can review and download to conduct your due diligence before investing.
How are transactions subscribed for an investment offer managed?
From a technical and operational standpoint, the transfer of funds raised to the Issuer is carried out through our external partner Mangopay SA, which securely holds and manages the amounts resulting from investments subscribed through Walliance.
Upon confirmation of the investment—that is, upon actual payment of the amount subscribed by investors—the funds are deposited into a restricted bank account held at Mangopay SA, in the name of the Project Owner Company that is raising the funds.
These funds remain frozen until the end of the fundraising period, and are then released and transferred to the Project Owner Company only once the issuing finalization of the offer the investment offer has been finalized.
ℹ️ The crowdfunding services provided by Walliance are not covered by the deposit guarantee scheme established in accordance with Directive 2014/49/EU, and the securities or instruments eligible for crowdfunding acquired through Walliance Crowd are not covered by the investor compensation scheme established in accordance with Directive 97/9/EC.
For more information you can find our Anti-fraud Policy.