At Walliance, we conduct a careful and thorough analysis of projects submitted to us, with the aim of reducing potential investment-related risks and ensuring transparency to all information on investment offers.

For this, we have developed an internal procedure to analyze the Issuer and the proposed project, used for both Walliance Crowd and Walliance 500, designed in compliance with relevant legislation and regulatory requirements.

The content of this internal procedure is devoted to the professional work of the various teams involved (directly or indirectly) in the process of analyzing real estate projects or the renewable energy sector. However, in this article, we outline its main contents so that clients and potential investors are made aware of the project selection criteria and analysis work that precedes and prepares for the publication of a campaign on the Walliance portal.

Walliance's project analysis procedure usually consists of 4 main steps.

The first phase, termed "preliminary investigation," refers to the responsibility of Walliance's Analysis Team and consists of verifying the correct and complete transmission of the documentary set regarding the Issuer Company (and its related companies), which is necessary to carry the analysis of the project.

Only when the Analysis Team verifies the regular and complete transmission of all required corporate documents to the Issuer is the "preliminary investigation" phase deemed to have been passed and it is possible to proceed to the next steps.

The second phase, called "rite analysis," is equally the responsibility of the Analysis Team. This step is dedicated to:

The same Analysis team is responsible for monitoring Issuers' maintenance of the above requirements throughout the duration of crowdfunding campaigns.

In addition to such periodic monitoring, the Analysis team requires the Issuer to submit, on a quarterly basis, from the date of finalized offer, a report attesting to the progress of the work, adherence to agreed timelines, compliance with project covenants, sales performance, and so on. The Analysis team itself, to verify the veracity of the information, requests supporting documentary evidence.

These reports are published in the operation section and made accessible for investors.

The third phase, called "merit analysis," is the responsibility of the Evaluation Committee and is aimed at a more in-depth review of the data and documents considered by the Analysis team.

This further verification phase investigates the characteristics of the Issuer Company and the project, the skills and abilities of the Issuer's partners and directors, by degree of education or previous professional experience (with respect to the specific activity carried out and the complexity of the project), the risks of the operation, the growth potential of the target market, and the analysis of the competitive scenario.

Following this evaluation, the Evaluation Committee makes its judgment on the operation, based on which the resolution on the operation is issued.

The procedure described above is based on a system of scores given to various evaluation items describing each project. In this way, each project analyzed is given a final grade, which determines whether it passes the analysis procedure.

If the project passes the described evaluation stages, the candidate Issuer company and its project are considered selected and the process of publishing the campaign on the Platform begins.

The selected Issuer shall cooperate with Walliance in preparing the necessary documentation for the publication of the Offer in the Walliance Crowd (Equity, Lending or Mezzanine) or Walliance 500 (Equity, Minibond or Debt) section of the portal, respectively, in accordance with the requirements of Regulation (EU) 2020/1503 and applicable regulatory provisions.

The goal is to maintain a high level of investor protection, reduce the risks associated with raising capital through crowdfunding, and ensure fair and transparent treatment for all our clients.