20000
investors
CrowdFundMe is an Italian crowdfunding platform that has run since 2013 and has been listed on the Milan stock exchange (Euronext Growth Milan) since 2019. In June 2026 its operating company was renamed Entera after a merger, and crowdfunding became one of several lines of business; the platform still runs at crowdfundme.it. It offers shares in Italian startups and small companies, property loans through Trusters, its property-lending arm, and minibonds. The group raised €34 million in 2025 (€18.7 million in shares, €15.3 million in Trusters loans). It last published lifetime totals in March 2025: over €200 million raised for 657 companies and projects, with 93,600 investments.
Which product our levels cover: the return and loss figures come from Trusters' property loans, the only part of the group that publishes results. The share offers publish no returns or losses; we count that against the platform in the risk level.
Share offers: companies set their own valuation and minimum ticket, usually €250, and get the money only if they reach their target. You become a part-owner of the company. There is no end date: you are paid only if the company is sold or listed.
Property loans (Trusters): you lend to Italian property developers for a stated term of 12 to 15 months. Offers advertised 9% to 13.75% a year in August 2026, before any defaults. There is no auto-invest for either product.
Property loans: on the 360 Trusters loans finished by 31 December 2025, investors earned 7.62% a year on average, weighted by amount. This is a realised figure and already includes the loans that ended badly. It is down from 8.17% a year earlier. Loans repaid on time paid 10.19% on average; loans repaid late paid 14.89% with penalty interest; loans that went through settlements or court lost 9.11%.
Shares: no realised return, cash returned or portfolio figure has ever been published. The platform claims 13 exits (March 2025) but gives no amounts. The multiples it has marketed, up to 19 times the money invested (March 2023), were paper valuations, and two companies it presented as successful stock-market listings traded 63% and 91% below their listing prices in August 2026.
Property loans: on the finished Trusters loans, about 1.8% of the money lent was not repaid (calculated from the platform's own figures, 31 December 2025). But 16.2% of that money went more than 90 days late beyond its extension and was settled or pursued in court, so losses could end up higher on other loans. Of the loans still running at the end of 2025 (119 loans, €24.6 million), 31 worth €6.8 million, about 27.5%, were more than 90 days late; 27 of them were beyond their extension, on average 23 months late. The platform's own narrow "default" category holds just one loan (€200,000, nothing recovered). A newer report to 30 June 2026 exists but is shown only after login.
Shares: CrowdFundMe has never published how many funded companies failed or what was written off. Across Italy, about 15% of companies that raised money through equity crowdfunding entered liquidation between 2014 and 2021.
Shares are not secured. If a company fails, shareholders are paid last and usually get nothing back; there is no guarantee, reserve fund or insurance. What protects you from the platform itself is that shares in small limited companies are held for you by Directa SIM, a regulated investment firm, not by CrowdFundMe. The platform's professional indemnity insurance covers its own professional failings, not a failed company.
Property loans: most Trusters loans were not backed by a mortgage. When developers ran late, investors depended on negotiated settlements and legal action, which got back 90.9% of the money on 53 finished loans; the one formal default returned nothing. Since 2025 Trusters asks for real security (mortgages or mortgage-backed promissory notes) when it grants extra extensions, and a guarantee of up to 80% from the credit guarantee body Fidit is offered on some projects (announced February 2025). Borrowers get an independent credit rating from Cerved; no loan-to-value limits or valuation rules are published. There is no buyback or reserve fund. In plain words: you take each developer's credit, with security only on some loans.
The operator is Entera S.p.A. (formerly CrowdFundMe S.p.A., Monza, tax no. 08161390961, five employees in 2026). Consob authorised it as a European crowdfunding service provider on 10 November 2023, for placing shares and other securities. Consob sanctioned the company in November 2018. The operator made a net loss of about €1 million in 2025 and its listed shares traded about 88% below their 2019 listing price in August 2026. Its own pages still show older company details: the site footer gives share capital of €72,883.22, while the business register shows €243,000.27.
Investing is free: the platform's investor FAQ states that no commission is charged to investors. Companies raising money pay the platform a share of what they raise, and pay control costs. Directa may charge its own fees for holding shares, and your bank may charge for transfers. In Italy, the 30% income-tax relief for investing in startups is suspended for investments made from 1 January 2026.
Shares: there is no organised secondary market, as the platform's own FAQ says. Its bulletin board only passes contact details between people who want to buy or sell; it does not match orders or set prices, and no completed sales have been published. Expect to hold for many years, and possibly to have no exit at all.
Property loans: your money comes back when the developer repays, normally after 12 to 15 months; at the end of 2025 about 27.5% of the money in running loans was more than 90 days late. You can cancel an order within 7 days, and money for offers that do not reach their target is returned within 15 working days. Public review score 2.0 out of 5 (12 reviews, August 2026).
Return: Low — Trusters' finished property loans paid 7.62% a year on average (end of 2025), and the share offers publish no realised return. Risk: High (higher means more risk) — the property-loan losses so far are moderate (about 1.8%), but we rate it one step worse because 27.5% of the money in running loans was more than 90 days late, the share offers have never published failures or losses, marketed exits have lost most of their value, and the operator is loss-making. Risk-return: Very Low — a modest return for a high level of risk.
License / Regulation: Authorised by Consob, Italy's market regulator, as a European crowdfunding service provider by resolution no. 22885 of 10 November 2023, for placing shares and other securities of the companies raising money. The operator, formerly CrowdFundMe S.p.A., was renamed Entera in June 2026. Consob sanctioned the company in November 2018 (resolution no. 20685). No deposit guarantee or investor compensation scheme covers investments.
Yes. Consob, Italy's market regulator, authorised the operator as a European crowdfunding service provider on 10 November 2023 (resolution no. 22885), for placing shares and other securities. Consob had sanctioned the company in November 2018. No compensation scheme covers your investments.
The return and loss figures come from Trusters, the group's property-lending arm, the only part that publishes results (finished loans to 31 December 2025). The share offers publish no returns or losses, which we count against the platform in the risk level.
CrowdFundMe does not hold or receive payments. You pay by bank transfer into segregated accounts at a depositary bank, which is not named. Shares in small limited companies are held for you by Directa SIM, a regulated investment firm.
Each company sets its own minimum, usually €250 and sometimes €1,000. Property loans have their own minimums per offer.
Finished Trusters property loans paid 7.62% a year on average (31 December 2025); about 1.8% of the money lent was not repaid, and 16.2% went more than 90 days late beyond its extension. For shares, no returns, exits with amounts, or failures have been published.
Shares are not secured: if a company fails you usually get nothing back. Most Trusters property loans had no mortgage; late loans were settled or pursued in court, which recovered 90.9% on 53 finished loans. Since 2025 real security is asked for extra extensions, and a guarantee of up to 80% is offered on some projects. There is no buyback or reserve fund.
Not easily. There is no organised secondary market for shares; the bulletin board only shares contact details and has published no completed sales. Property loans run until the developer repays, often later than planned.
The platform charges investors no commission; companies raising money pay it. Directa and your bank may charge their own fees. The 30% Italian tax relief on startup investments is suspended for investments made from 1 January 2026.
Your shares are held for you by Directa SIM or registered in your name, so they do not belong to the platform. But company updates, the bulletin board and loan collection depend on the operator, which made a loss of about €1 million in 2025.
