Crowdinvesting is a form of Crowdfunding in Germany that is very successful. The only problem is that the ECSP license is onerous enough that nobody bothers to

Crowdinvesting is a form of Crowdfunding in Germany that is very successful. The only problem is that the ECSP license is onerous enough that nobody bothers to apply for it. This means that the crowdinvesting platforms merely act as sales people for conditionally repayable loans. These loans are considered equity and therefore pay higher interest like 8% which in turn makes this form of financing less attractive.