General

In the event of the death of a Daskapital account holder, the associated funds and investments must be transferred to the legal heirs, subject to documentary validation.

To initiate this process, the heirs must notify Daskapital emailing support@daskapital.eu, and attaching the following documents:

• Certificate of Heirship, or similar document that identifies the rightful heirs and their relationship to the deceased, issued by a notary or competent registry office.
• Identification document of the heirs (National ID Document or Passport).
• Inheritance tax declaration (Annex I of the Portuguese Stamp Duty), required for free-of-charge transfers over €3,000.
• Proof of inheritance tax payment, required if the heir is not the spouse, direct ascendant or descendant of the deceased account holder.

After Daskapital's team has received and validated the mentioned documents, it will be possible to transfer the funds to the heirs, which will have to open an account at Daskapital (if they are not already a user of the Platform) so that the funds can be transferred between accounts.

The new holder of the funds may, like any other investor on the platform, maintain existing investments until maturity; sell them on the secondary market (where applicable), withdraw available funds or reinvest them in new opportunities.

Daskapital is a collaborative financing platform that directly connects investors (individual or institutional) with companies and organisations seeking financing.

Through Daskapital, companies can obtain credit in a simple and competitive manner, while investors have access to investment opportunities with potentially above-average returns, allowing them to diversify their portfolio beyond traditional shares, bonds or deposits.

The Daskapital platform handles the entire process — formalisation, contracts, payment management, legal and tax obligations — ensuring a transparent and secure experience for both parties.

Daskapital does not intervene in the contracts established between investors and companies, nor does it assume any risk or responsibility for the investments made, limiting itself to acting as a technological and operational intermediary.

Currently Daskapital offers 2 crowdfunding products/modalities:

• Daslending: Crowdlending solution focused on medium-term investments, allowing companies to obtain competitive financing and investors to receive periodic returns on the projects they choose.
• Dasfactoring: Crowdfactoring solution for short-term financing, allowing companies to advance invoices and investors to purchase these credits at a discount, obtaining a return upon maturity.

Soon, Daskapital will offer other crowdfunding solutions.

Daslending is a crowdlending solution for medium-term financing of business fixed asset acquisition projects offered by Daskapital – Crowdfunding, S.A., a subsidiary of Das Kapital Lda.

Under the Daslending collaborative financing model, companies promote their projects on the Daskapital platform with a view to obtaining medium-term financing, and investors compete with each other to finance them through an auction process in which they define the amount to be invested and the minimum return they require. Companies will be financed by the group of investors demanding the lowest interest rate/return.

Dasfactoring is a crowdfactoring solution for short-term financing that allows companies to anticipate the payment of invoices receivable, obtaining immediate liquidity. Dasfactoring is managed by Daskapital España S.L., a subsidiary of Das Kapital Lda.

In the Dasfactoring collaborative financing model, companies publish the credits they hold on their customers on the Daskapital platform, and investors compete with each other to purchase, at a discount, part or all of the invoice. Through an auction process, they define the amount they wish to invest and the minimum return they require, and companies will be financed by the group of investors demanding the lowest interest rate.

On the invoice due date, the debtors (the company's customers) pay the credit, returning the capital invested to the investors. The profit comes from the difference between the amount invested in the invoice seller and the amount received from the invoice payer, which corresponds to the discount.

Crowdlending is a form of crowdfunding in which multiple people or institutions invest money in business projects through online platforms such as Daskapital. These people or institutions, the investors, lend money directly to borrowers, usually without the intermediation of traditional financial institutions.

Crowdlending allows borrowers to access capital in a more agile and flexible way, while investors have the opportunity to get financial returns on their investments in the form of interests.

Crowdfactoring is a form of collaborative financing in which companies can receive advance payment for receivables owed by their customers through online platforms such as Daskapital.

In this model, investors purchase invoices (partially or in full) at a discount (which translates into a rate of return), advancing their value to companies. This allows companies to quickly obtain the financing they need, while investors earn a financial return by acquiring the right to receive payment of the invoice amount (partial or full) on the due date.

Daslending offers advantages for both investors and companies.

For investors, it allows them to diversify their portfolio and access above-average returns, choosing the projects (and consequent level of risk and maturity), amounts and minimum rates of return they require, with security and transparency guaranteed by Daskapital, which analyses and verifies the solvency of the project promoters.

For companies, it is a fast and competitive way to obtain financing resulting from a competitive process, without initial costs or dependence on traditional banks, through a fully online and transparent process, with the guarantee of not incurring costs if the project is not financed, namely initial fees for opening the process, evaluation and management. Additionally, it helps companies assess the viability of their project by verifying the interest it generates among investors.

Dasfactoring offers advantages for both investors and companies.

For investors, it allows them to diversify their portfolio with short-term investments and above-average returns, choosing the invoices in which to invest (and the consequent level of risk and maturity) and the minimum rate of return they require, with security and transparency guaranteed by Daskapital, which analyses and verifies the solvency of the payers of the invoices provided by the assignors.

For companies, it guarantees immediate liquidity without resorting to banks, allowing them to finance themselves at even lower interest rates if they are assigning credits on companies with lower risk than themselves, as the associated risk, as perceived by the investor, is that of the invoice debtor.
It can be used by companies as a way to balance the risk level and maturities of their accounts receivable.

Crowdlending and crowdfunding are both forms of collaborative financing, but with different objectives.

Crowdlending: In crowdlending, investors (individuals or institutions) invest money in business projects by granting loans and receive repayment of the money with interest in return — it involves a creditor-debtor relationship between investors and borrowers.

Crowdfunding: In crowdfunding, people invest money or resources in projects or causes without expecting a direct financial return, receiving only equity, symbolic rewards, exclusive products, or recognition.

Therefore, the main difference between crowdlending and crowdfunding is in the nature of the investment: crowdlending involves loans with an expectation of financial return in the form of interest, while crowdfunding involves contributions to projects without a direct expectation of financial return.

Alternative financing is a way of obtaining capital outside traditional channels, such as banks or venture capital funds.

There are several forms of alternative financing currently available, including:

• Crowdfunding: Involves raising funds from a large number of people, typically through online platforms. There are different types off collaborative financing, such as crowdlending, crowdfactoring and crowdfunding;
• Peer-to-peer lending: It is a model in which loans are granted directly from one person to another, without the intervention of a traditional financial intermediary such as a bank;
• Financing through business angels: Involves the investment of wealthy individuals (business angels) in emerging businesses or startups in exchange for shareholdings (quotas or shares) or other forms of financial return;
• Venture capital funding: Venture capital firms invest in startups and early-stage companies with significant growth potential, usually in exchange for equity (quotas or shares);
• Asset-based financing: Involves the use of physical assets, such as real estate or equipment, as collateral to obtain financing.

These solutions offer greater flexibility, speed, and accessibility compared to traditional bank financing.

Factoring is a financial solution that allows companies to receive advance payment for invoices or other receivables.
It works when a company sells its invoices to a bank or financial institution specialising in factoring (the factor), which purchases the invoices at a discount, advancing part of the amount — usually between 70% and 90%. When the customer pays the invoice, the factor transfers the balance (30% to 10%) to the company that sold it, minus the agreed discount and any fees for the service provided.

In this way, the selling company obtains capital to finance its operations, while the factor profits by receiving the full amount of the invoices from the debtors when they pay, which is more than what it paid for the purchase of the invoice.

Factoring can be:

• Non-recourse, when the risk passes to the factor. If the customer does not pay, the company that sold the invoice is not obliged to assume the debt and repurchase the invoice. In this case, the responsibility for collecting the invoice necessarily passes to the factor.

• With recourse, which means that, despite the sale of the invoice, the risk of non-payment remains with the company, and if the customer does not pay, the company must assume the debt by repurchasing the invoice;

In the traditional model, factoring is offered by banks or specialised financial institutions, which purchase large volumes of invoices (usually of high value) and may require complex contracts and additional costs. However, the characteristics and terms of factoring may vary depending on the country and the negotiations between the parties involved.

At Daskapital, crowdfactoring makes this process simpler and more accessible: it allows companies to choose which invoices they want to advance, without compromising their entire customer portfolio, and allows investors to finance these invoices directly, with complete transparency.

Factoring, invoice trading and crowdfactoring are three forms of invoice-based financing designed to help companies improve their liquidity and cash flow.

Factoring

Factoring is a financial transaction where a company sells its accounts receivable (invoices) to a third party (factor) at a discount, receiving part of the amount immediately (typically 70-90% of the invoice value). The factor takes over the collection and returns the remainder after payment by the customer, deducting fees and commissions.

Invoice Trading

Invoice Trading is a concept related to Factoring – it is a type of invoice financing that operates on a peer-to-peer (P2P) platform.

Companies publish their outstanding invoices on an online platform, where investors compete to finance them at a discount. Once an invoice is fully financed, the company receives the funds, providing immediate working capital. The process is more flexible, faster and more transparent, as it does not require the transfer of large volumes to the factor.

Crowdfactoring

Crowdfactoring follows the same principle, combining the concept of crowdfunding with invoice financing. The main difference is the larger number of investors, allowing several individuals or companies to invest small amounts in the same invoice.

The risk and reward are shared by a larger group of investors, and similar to Invoice Trading or Factoring, companies can access immediate funds based on their receivables.

Crowdfactoring platforms often allow for lower investment thresholds compared to traditional factoring, making it accessible to a wider range of investors.

In conclusion, all these models have the same goal — to turn invoices into immediate liquidity — but differ in how the financing is obtained: the main differences are the transaction method, the parties involved, and the technology used to facilitate these transactions.

Daskapital obtains its revenue by charging small commissions for services provided on the platform, such as managing financing operations, executing payments and transfers, managing portfolios, and providing legal and administrative support. Daskapital's services also include formalisation, contracting, compliance with legal and tax obligations, and collection support.

These commissions serve to ensure the maintenance and security of the platform, as well as ongoing support for users.

Daskapital does not intervene directly in contracts between companies and investors, nor does it assume any risk or offer any guarantees on the investments made.

If you need further clarification, please contact us via support@daskapital.eu.

Daskapital manages all financial transactions - such as deposits, investments, payments, transfers, and withdrawals - through NSPAY, a Payment and Electronic Money Institution licensed and regulated in the European Union.

User funds never pass through Daskapital's accounts. They are safeguarded by NSPAY in individual e-wallets (escrow accounts), segregated in each user's name with a financial institution, in accordance with the European PSD2 Directive.

At no time does Daskapital have direct access to users' money, so in the hypothetical event of Daskapital's activity being suspended, users could recover their funds directly from the Payment Institution. On the other hand, in the event of NSPAY's activity being suspended, users' funds remain protected in the financial institution's (bank's) escrow account.

In deposit or withdrawal transactions, funds move between users' e-wallets and bank accounts. In other transactions, such as the formalisation of an investment/financing, funds are transferred between investors' e-wallets and the e-wallets of the financed companies.

If you need further clarification, please contact us via support@daskapital.eu.

A payment institution is a financial entity that offers payment services and facilitates the transfer of funds between different parties. These institutions play a key role in the financial infrastructure, enabling secure and efficient electronic financial transactions.

Payment institutions can provide a variety of services, which include:

• Payment processing: They allow users to make electronic payments;
• Issuing payment instruments: They issue credit cards, pre-paid cards or other electronic means of payment that can be used to carry out transactions;
• Money transfers: They facilitate the transfer of funds between bank accounts, both locally and internationally;
• Currency exchange services: Offer currency conversion services to facilitate payments in different currencies;
• E-wallet solutions: Provide virtual electronic wallets where users can store money and carry out transactions online;
• Risk management and security: They implement security measures to protect transactions from fraud and guarantee the privacy of users' financial information.

Examples of payment institutions include banks, non-bank financial institutions, online payment processors, and fintech companies that offer payment solutions. They are generally supervised by financial authorities, such as the Bank of Portugal or the Bank of Spain, ensuring compliance with legal standards and user protection.

NSPAY is a financial institution, legal entity code 305652931, based in Lithuania, operating in accordance with the electronic money institution license No. 97 issued by the Bank of Lithuania on 14 May 2024 and authorised to operate in all countries of the European Economic Area (EEA).

It is a Payment Institution specialising in payment and money management solutions for online platforms such as Daskapital, enabling the management of financial transactions within their own digital ecosystems.

NSPAY's platform offers a variety of features, including:

• Payment accounts: Allows companies to create payment accounts for their users, where they can receive funds, make payments and store money.
• Payments and transfers: Facilitates online payments, money transfers between accounts and international remittances.
• E-wallet services: Offers virtual e-wallets that allow users to store and manage their money digitally.
• Compliance features: Has built-in compliance features to ensure that transactions comply with financial regulations, such as user identity verification (KYC) and the prevention of money laundering.
• Escrow accounts: Allows the creation of escrow accounts, where money is held in custody until certain agreed conditions are met.

NSPAY ensures that all Daskapital user funds are stored in segregated accounts and protected by regulated financial institutions, ensuring transparency and total security in every transaction.

Daskapital is an entity authorised and supervised by the Portuguese Securities Market Commission (CMVM), as listed in the Registered crowdfunding platforms management entities. It complies with all financial, technical and human capacity requirements and maintains a Continuity Plan that ensures the execution of contracts and financial flows in the event of insolvency.

Daskapital acts solely as an intermediary between investors and financed entities, assuming no risk or position in the contracts entered into through the platform. Thus, the credit risk falls exclusively on the financed entities and only their default can affect the full recovery of investors' investments.

Even in the event of Daskapital's insolvency, users' funds are protected, safeguarded by NSPAY in individual electronic wallets (e-wallets) segregated in the name of each customer and recoverable at any time from the Payment Institution.

The funds held at NSPAY are guaranteed and held in third-party banks and segregated from their 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.

Have a question or need support? Our team is here to help you.

By email: support@daskapital.eu
By phone: +351 22 030 15 43

Address: Rua Alfredo Allen 455/461, 4200-135 Porto, Portugal

Opening hours:
Monday to Friday – 09:00 to 12:00 and 14:00 to 17:30
Saturday, Sunday and public holidays – Closed

If you need to file a complaint, please follow the procedures described in our Complaint Handling Policy, sending your complaint to complaints@daskapital.eu.

All values displayed on the platform are rounded to two decimal places for clarity and consistency. However, calculations are performed using the exact value, without rounding.

Any differences resulting from rounding are corrected in the final payment for each transaction. This procedure follows best practices in the financial sector and complies with Decree-Law No. 171/2007 of 8 May.

If you need further clarification, please contact us via support@daskapital.eu.

The provision of collaborative financing services is regulated by Portuguese and European legislation, namely Law No. 102/2015 of 24 August and Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020.

Daskapital – Crowdfunding, S.A., responsible for providing collaborative financing services through loans, is authorised and supervised by the Portuguese Securities Market Commission (CMVM).

Daskapital España S.L., which manages the provision of intermediation services in the purchase and sale of receivables, does not fall within the definition of collaborative financing provided for in Regulation (EU) 2020/1503. Therefore, it is not subject to compliance with the legal provisions relating to collaborative financing, nor is it subject to authorisation and supervision. However, it is required to comply with all other applicable legislation.

If you need further clarification, please contact us via support@daskapital.eu.

According to Law No. 83/2017, a Politically Exposed Person (PEP) is someone who holds or has held prominent public or political positions in the last 12 months, as well as their immediate family members and people with close ties to these figures.

Examples of PEPs

These include, among others:

• Heads of State or Government, Ministers and Secretaries of State;
• Members of Parliament and members of parliaments;
• Judges of high courts, members of the Constitutional Court or the Court of Auditors;
• Heads of the Armed Forces, GNR and PSP;
• Mayors;
• Leaders of political parties;
• Members of the management or supervisory bodies of central banks, public companies or international organisations.

What does it mean to be a close family member of a politically exposed person?

Close family members are considered to be:

• Spouse or civil partner;
• Relatives up to the 2nd degree (parents, children, siblings, grandparents, grandchildren);
• Persons in a civil partnership with family members of the PEP, under the same terms.

What does it mean to be a person closely associated with a politically exposed person?

These are persons who:

• Own companies or assets jointly with a PEP;
• Are beneficial owners of entities controlled by a PEP;
• Have known business or professional relationships with a PEP.

If you need further clarification, please contact us via support@daskapital.eu.

Each financing request or investment opportunity is subject to a rigorous risk analysis by Daskapital before being made available on the platform, based on:

• Accounting, financial and commercial data provided by the promoters of the companies;
• Credit information from Iberinform (Atradius Credit and Surety), such as ratios, information on incidents, legal proceedings and other independent data;
• Analytical and statistical models (credit score and limit);
• Document verification and, in some cases, verification of the accuracy of the information provided, among other procedures.

Daskapital requires real and personal guarantees and only publishes projects that meet the minimum criteria for risk and fair profitability. All this information is disclosed and made available in each financing request or investment opportunity.

If you need further clarification, don't hesitate to get in touch with us at support@daskapital.eu.