In an effort to regulate the industry, the Comisión Nacional de Valores (CNV) hired specialists on Crowdfunding regulation at BID to study and propose alternatives considering other Latin American economies and the experience in other countries where regulation is already the norm, mainly European countries and the US.
On February 14th, Bricksave was invited by CNV to meet with BID representatives, Diego Herrera, Francisco de Michelis and Sonia Vadillo Cortazar, to discuss the new Crowdfunding Legislation which will be treated at a parliamentary level next month in Argentina.
Here, we shared our business model and experiences as part of an effort to give a space to the main players in Latin America today. Furthermore, Bricksave proposed more control on platforms and a lowering of costs for the final user in order for Argentina to become a regional leader in crowdfunding regulation.
Sofía Gancedo, the Argentinean who founded a real estate crowfunding platform and is going for a US$ 100 million megafund.
The system uses an algorithm of 3,000 data points, which looks for investment opportunities where there may be appreciation. "Each property has an estimated annual rental return of between 7% …