Is Spilqa regulated?
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Spilqa is in the process of obtaining an ECSP (European Crowdfunding Service Provider) licence from the Bank of Lithuania, pursuant to Regulation (EU) 2020/1503. This authorisation will allow Spilqa to operate as a crowdfunding service provider in Lithuania. Cross-border activity in other EU member states will be subject to the passporting process under Article 18 of Regulation (EU) 2020/1503 and any applicable local requirements. Investors will only be able to invest after this licence is formally granted.
What happens if a project defaults?
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If a developer misses a payment, we issue a formal notice and begin the recovery process. Spilqa, acting on behalf of investors, can enforce the first-rank mortgage — which means the property can be sold and proceeds distributed to investors. Recovery is not guaranteed and takes time, but the mortgage means investors are first in line. We publish our default management process in full on the platform.
What fees do I pay as an investor?
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Zero fees on the primary market. We charge no management fee, no entry fee, and no exit fee to investors. Our revenue comes from a commission charged to developers — meaning our incentive is aligned with successful project completion. A secondary market fee (if available in the future) would be disclosed separately.
How are my funds protected if Spilqa closes?
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Spilqa intends to operate under ECSP Regulation (EU) 2020/1503, under the supervision of the Bank of Lithuania, subject to authorisation being granted. Investor funds are intended to be held in segregated accounts via a licensed EU payment / e-money institution — never mixed with Spilqa's operating capital. If Spilqa were to cease operations, a designated administrator would manage existing loans through to repayment, and any uninvested funds would be returned to investors.
Who can invest on Spilqa?
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After authorisation, investor eligibility will depend on applicable law, platform terms, onboarding checks, AML/KYC requirements, and jurisdictional restrictions. KYC (identity verification) will be required before any investor can commit funds. This is a regulatory obligation, not an optional platform feature.
What is the 4-day reflection period?
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Under ECSP regulation, non-sophisticated investors have the right to withdraw their investment decision within 4 calendar days of committing funds, without penalty or explanation. This is a mandatory investor protection built into the regulation — not a Spilqa policy. During this period, your funds remain in escrow and no interest accrues.
What is Spilqa's planned market approach?
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Spilqa is being prepared in Lithuania under the ECSP framework. Initial activity is expected to follow authorisation by the Bank of Lithuania, which is Spilqa's home competent authority. Poland is a planned future market — not the current operating market. Any activity in Poland will depend on ECSP authorisation, completion of the Article 18 passporting process under the ECSP Regulation, local legal review, and operational readiness. No investment opportunities are currently available in any market.
When can I start investing?
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Investment will open after our ECSP licence is granted by the Bank of Lithuania. We are actively preparing the application but cannot provide a guaranteed timeline. Join the waitlist to be notified when we launch. We will not launch investor flows without the licence in place.