Online fundraising: Akkan gets the green light

Online fundraising: Akkan gets the green light
Online fundraising: Akkan gets the green light

Bank Al Maghrib has officially granted Akkan the first approvals for collaborative financing. A real breath of fresh air for entrepreneurs looking for new financing routes.

Unveiled with great fanfare in 2021, the crowdfunding reform is reaching its conclusion. The Central Bank has officially granted Akkan the first approvals for collaborative financing. This regulatory green light, which comes before publication in the Official Bulletin, marks a decisive turning point for the entrepreneurial ecosystem.

Read also | Bank Al-Maghrib and the World Bank deploy the “Douar Tour” for financial inclusion in rural areas

This is a real breath of fresh air for entrepreneurs looking for new financing avenues, particularly given the constraints inherent to this niche segment. Adopted in 2021, Law 15-18 on crowdfunding established a strict legal framework for collaborative financing activities, authorizing three distinct forms: loan, capital and donation. These terms cover various financial needs of project leaders, offering contributors either a reimbursement with interest, an equity investment within the company, or even a contribution in the form of a donation.

These measures, essential both for the protection of investors and the transparency of transactions, have somewhat slowed down the growth of this financing system. Indeed, online fundraising platforms must not only open an account with a domestic bank, but also precisely define the financial rights and obligations of the parties. They are also required to establish clear terms for the reimbursement of funds to contributors and to respect defined ceilings on the amounts that can be raised per project and invested per individual.

Akkan, pioneer of crowdfunding

It is in this strict regulatory context that Akkan is approaching a crucial stage in its development. The crowdfunding brand aims, above all, to be a platform for connecting project leaders, investors, donors and experts, thus promoting the emergence of an alternative financing ecosystem outside traditional banking circuits.

Read also | Bank Al-Maghrib and the World Bank deploy the “Douar Tour” for financial inclusion in rural areas

In this regard, Akkan provides young innovative minds with management tools for entrepreneurial support programs. Acknowledged goal: facilitate access to the resources necessary to create fertile ground for entrepreneurship. Akkan’s operational launch coincides with its participation in Gitex Africa in Marrakech, from May 29 to 31, where it will be present. This visibility is an opportunity for the brand to demonstrate its potential and attract more people to this innovative method of financing.

Crowdfunding could well mark the Moroccan financial landscape by filling the demand not satisfied by the traditional banking offer, and in doing so, constitute a significant step forward towards a more diversified economy.

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