Briq.mx, a real estate crowdfunding platform, has received its final authorization to operate as an Institución de Fondeo Colectivo (IFC) under the Law to Regulate Financial Technology Institutions, also known as the Fintech Law, after a process of more than four years.
Officially published in the Official Journal of the Federation, the authorization granted by the National Banking and Securities Commission (CNBV) makes Briq.mx one of the 23 crowdfunding platforms authorized in Mexico, joining others in the real estate segment such as 100 Ladrillos and Arces.
According to Alberto Padilla, co-founder of Briq.mx, the platform offers users the possibility of investing in rigorously selected real estate projects, providing tools to monitor investments and guaranteeing an exhaustive analysis of each project.
With the recent completion of 500 crowdfunding campaigns, Briq.mx has raised close to 1,397 million pesos, focusing mainly on residential real estate, but also offering options in commercial and industrial real estate.
