Leadership

• Founder and CEO: Tudor Darie

Short Introduction

Fagura is a lending-based crowdfunding platform connecting Romanian entrepreneurs and small businesses seeking financing with individual and institutional investors looking for alternative investment opportunities.

About the Company

Fagura was launched in Chișinău in 2019 with the objective of making business financing and alternative investments more accessible through technology. The company now operates from Bucharest and Chișinău through separately regulated entities serving Romania and the Republic of Moldova.

In Romania, the platform is operated by Fagura Finance S.R.L. It facilitates loans granted directly by investors to companies and other eligible project owners seeking capital for business activities. Fagura evaluates each applicant, assigns a risk grade, proposes an interest rate and publishes the approved financing opportunity on its online marketplace.

Investors can review individual companies and select opportunities manually or use predefined criteria through the Auto Invest functionality. Each loan can be financed by multiple investors, enabling them to spread capital across several businesses. Loan agreements are concluded between the investors and the project owner through the platform; Fagura organises and administers the process but does not guarantee repayment or investment performance.

The platform also manages payment allocation, portfolio information, monthly repayments, overdue-loan recovery procedures and a bulletin-board-style Secondary Market through which investors can express an interest in transferring existing loan participations.

Fagura positions this financing marketplace as the foundation of a broader digital financial ecosystem for entrepreneurs. According to the company, its Romanian and Moldovan operations had facilitated more than €22 million in loan investments during their first seven years.

Sources: About Fagura, Romanian platform, Terms and Conditions

Products & Services

• SME Crowdfunding Finance –  online access to loans funded by investors for eligible Romanian companies and professionally organised business activities.
• Investment Marketplace –  access for individual and legal-entity investors to lending-based crowdfunding projects.
• Manual Invest –  selection and financing of individual businesses based on their project presentation, financial information, risk grade and financing terms.
• Auto Invest –  rules-based investment functionality using criteria selected by the investor, such as amount, term and strategies..
• Creditworthiness Assessment –  evaluation of project owners and assignment of risk categories for financing offers.
• Interest-Rate Indication –  calculation and suggestion of the price or interest rate associated with a crowdfunding offer.
• Portfolio Management  –  digital monitoring of investments, repayments (Is Auto Invest Strategies are activated), interest and account activity.
• Monthly Repayment Distribution –  allocation to investors of principal and interest paid by funded companies if you choosed an Auto Invest Strategy.
• Secondary Market / Bulletin Board –  functionality through which investors can advertise an interest in buying or selling existing loan participations. Sellers may offer their participations at a discount, while buyers can use this opportunity to grow and diversify their investment portfolios more quickly by investing in loans with an established repayment track record and ongoing monthly repayments. 
• Debt-Recovery Support –  administration and representation services relating to overdue loans, subject to the platform’s terms and applicable fees.
• Investor Information and Risk Documentation –  project information, risk warnings and a Key Investment Information Sheet for each crowdfunding offer.
• Entrepreneur Community — free services developed by Fagura to support entrepreneurs beyond financing, including AI-powered tools such as Legal AI and Financial Director AI, a Marketplace with negotiated discounts, and Community Offers, where users can promote special offers, vouchers, gifts or discounts to other community members. 

Licences & Regulatory Status

Fagura Finance S.R.L. is authorised by the Romanian Financial Supervisory Authority (ASF) as a European crowdfunding service provider under Regulation (EU) 2020/1503 and Romanian Law no. 244/2022.

Its regulatory details are:

• ASF Authorisation: no. 118/04.09.2023
• ASF Public Register number: PJR28FSFPR/400003
• Legal Entity Identifier: 25490046T83G5Y13BL46
• Romanian registration code: 44221810

According to the ASF authorisation, Fagura Finance S.R.L. may provide:

• facilitation of lending-based crowdfunding for businesses;
• creditworthiness assessments for crowdfunding projects;
• suggestions regarding the price or interest rate of financing offers;
• a bulletin board for expressions of interest concerning existing loan participations.

The authorisation gives Fagura the European regulatory status of a crowdfunding service provider and the ability to operate cross-border under the applicable EU framework, subject to the required notification and passporting procedures.

Fagura is not a bank, and investments made through the platform are not deposits. The company does not guarantee the performance of financed businesses or the repayment of investors’ capital. The Loan Agreement is concluded between the Fagura platform, acting as the regulated platform operator and facilitator, and the administrator of the company seeking financing, who acts as guarantor (surety) for the loan granted.

Funds used for platform transactions are held through segregated accounts opened with a payment institution. These accounts are separated from Fagura’s own operating funds.

Crowdfunding investments involve the risk of partial or total capital loss and are not covered by:

• a bank deposit-guarantee scheme; or
• an investor-compensation scheme.

Official regulatory sources: ASF Public Register, ASF Authorisation, Fagura Terms and Conditions

Separate Moldovan operation: Fagura Capital S.R.L., which operates the fagura.com platform, was separately authorised by the National Commission for Financial Markets of the Republic of Moldova in November 2024. That authorisation does not belong to Fagura Finance S.R.L. and should not be presented as its Romanian licence.