The fintech startup Investre, which operates the Moniflo sustainable investing app, has received an investment firm authorisation from Luxembourg’s financial regulator CSSF. The company said the authorisation significantly bolsters its credibility.
Established in 2021 by Georges Bock, Moniflo operates under the umbrella of Investre--a fintech company focused on sustainable finance for retail investors.
According to Moniflo, its primary aim is to align financial aspirations with environmental and social values. This alignment allows individual investors to contribute to a better world through their financial choices.
The company’s investment firm authorisation took effect on 11 August 2023, the CSSF’s database showed.
Jordan Abrahams, the head of marketing at Moniflo, said in an announcement that the recent authorisation was a “decisive stride in the right direction.” According to Abrahams, the licence not only strengthens Moniflo’s credibility but also extends its operational reach across Europe. He believes this will empower individual investors to leverage their financial resources for the future they envision.
Bock, the founder and CEO of Moniflo, stated, “We are elated by the potential that the CSSF Investment Firm License unlocks for the European Fund Industry. This license doesn’t just open doors for Moniflo; it opens the door for asset managers to take advantage of DeFi and DLT technologies making investment processes faster, safer and cheaper. By making investment more accessible, we are enabling all individuals to achieve financial independence, effectively channelling their resources towards meaningful change.” Defi stands for decentralised finance and DLT for distributed ledger technology. Both refer to blockchain-based systems used by cryptocurrencies and some financial firms to process transactions.
One standout feature of Moniflo’s business model is its plan to tokenise all investments. This strategy ensures a secure and cost-efficient transactional environment, which is safeguarded by established investment protection schemes.
Earlier in January, Moniflo updated its application to include Luxembourgish as a language option, alongside existing choices of French, English and German.