Daskapital subject to authorisation and supervision by the Portuguese Securities Market Commission (CMVM), as stated in the list published on its website. As such, it is obliged to meet financial, technical and human capacity requirements for carrying out its business and to provide for a Continuity Plan that ensures the continuity of business, contracts and financial flows in the event of insolvency.
Daskapital acts as an intermediary between investors and financed entities and assumes no position in the contracts entered into through its platform, nor in relation to them, and therefore assumes no risk and offers no guarantees on the investments made through its platform. As such, the credit risk lies with the entities financed and only their default can jeopardise the full recovery of investors' investments.
The Continuity Plan ensures the fulfilment of the rights and duties assumed by the funded entities in their relationship with the investors, so the legal relationship between the investors and the funded entities, i.e. the lender-borrower relationship, will remain unchanged. The financed entities will continue to have a legal obligation to make the agreed repayments within the agreed timeframes.
In the event of Daskapital's insolvency, users' funds will not be at risk, but will be safeguarded by Mangopay, S.A. in segregated escrow accounts (virtual electronic wallets or e-wallets) in the name of each client and recoverable at any time from the Payment Institution. In turn, the funds held at Mangopay are guaranteed and held at third party banks and segregated from Mangopay's assets, so that in the event of the insolvency of the Payment Institution itself, users' funds are safeguarded.
If you need further clarification, please contact us via support@daskapital.eu.
