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Nordea Bank to launch equity-based crowdfunding platform in Finland

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Nordea Bank to launch equity-based crowdfunding platform in Finland

hasdeveloped an equity-based crowdfunding service platform, which it plans to rollout in Finland in the coming months.

Basedon a book-entry system to provide investors with a single overview theirinvestments, the platform matches entrepreneurs online with investors who agreeto take part in the startup's share issuance, explained Nordea.

Theproduct is being developed in conjunction with central securities depositoryEuroclear Finland and software company Futurice.

Servingsolely as the intermediary between the company seeking funding and investors,Nordea expects to provide the service across Nordic countries by the end of2016.