Review of Finforta

FINFORTA is a platform launched in 2024 with a geographically hybrid approach, operating under the brand Finance & Assets, s.r.o. in Prague and with a presence in Spain through the limited company FINFORTA SL, based in Barcelona. Its technological offering is closely intertwined with other projects within the Baltic crypto and crowdlending ecosystem, such as FF Forest, with which it shares not only the technical software development team but also a significant part of its management team and philosophy. Its approach centres on structuring investment options denominated in euros but linked to e-commerce assets and loans collateralised by crypto-assets.

FINFORTA’s business model is based on acting as a financial intermediary, charging service fees (spreads) to loan originators and to borrowers themselves who are seeking short-term financing. It offers investors three main avenues of return: short-term fixed-income plans (Fixed), plans with dynamic interest rates and liquidity (Dynamic), and specific loans for digital SMEs. One of the operational features that investors should monitor closely is its fee policy: withdrawing the profits that accumulate in the account is free of charge, but settling or withdrawing the principal early, before the loan matures, incurs a fee of 1% (early exit).

Corporate transparency and the management team present both positives and negatives. The principal partner and sole director of the organisation in Spain is Gunars Udris, a professional with extensive experience in alternative finance in the Baltic States. Udris is remembered in the investment community for having been a co-founder and director of Crowdestor, a Latvian platform that suffered serious incidents, severe delays and significant financial losses for investors. Although Udris severed his ties with that firm before its complete collapse, his direct involvement with FINFORTA means we must analyse every move with an extra measure of scepticism and rigorous risk management.

On the regulatory front, FINFORTA has a structure that raises concerns regarding investor protection. Although it was originally presented as being backed by a VASP (virtual asset service provider) registration in the Czech Republic, the definitive entry into force of the European MiCA Directive and the consequent end of the transitional period for this registration in July 2025 require much more robust and closely supervised licences than those they currently hold. As it lacks a licence as a Regulated Crowdfunding Service Provider (ECSP) regulated by ESMA, or a licence issued by the Czech National Bank (CNB) or the Spanish CNMV, FINFORTA operates in an environment with little administrative oversight and without a genuine financial regulator.

Our assessment on InvantAPPs places FINFORTA in the highest-risk segment due to the complete absence of a genuine buyback guarantee or a corporate provision fund, which means that the investor bears 100% of the default risk. Although it offers great flexibility for very short-term portfolios and attractive returns averaging 13% per annum, the lack of formal regulation prompts us to exercise extreme caution. In our performance tests on InvantAPPs, we recorded an actual return of 12.9% (IRR); however, as of July 2026, we decided to keep our net asset value at zero (€0 invested), preferring to channel capital towards platforms operating under the European ECSP regulatory framework.