Important risk warning

Investment in crowdfunding carries significant risks, including the risk of total loss of invested capital. Only invest money you can afford to lose.

Legal documentation

Risk Disclosure

Version 1.0 — April 2026

This Risk Disclosure is prepared pursuant to Article 19 of Regulation (EU) 2020/1503 of the European Parliament and of the Council on European crowdfunding service providers for business. Before making any investment on the EquyFi platform, please read this document carefully in its entirety.

Crowdfunding investments are not covered by the Deposit Guarantee Scheme under Directive 2014/49/EU nor by the Investor Compensation Scheme under Directive 97/9/EC.

1. Capital loss risk (Insolvency risk)

Crowdfunding investment carries the risk of total or partial loss of invested capital. Issuers may be unable to repay loans or generate the expected returns. In the event of issuer insolvency, debt recovery may be minimal or nil. Insolvency risk is inherently higher for SMEs compared to structured corporate issuers or sovereign bonds. There is no deposit guarantee scheme applicable to crowdfunding investments.

2. Illiquidity risk

Investments made through crowdfunding platforms are typically illiquid instruments. There is no regulated and organised secondary market for trading such instruments. You may be unable to transfer your investment before the scheduled maturity. Even where a secondary market is available, the sale may occur at a price significantly below the nominal value. You must be able to hold the investment for its full duration.

3. Platform risk

There is a risk that the crowdfunding platform ceases operations or becomes insolvent. In such a scenario, the continuation of existing contractual arrangements may be compromised. Under Article 24 of Regulation (EU) 2020/1503, EquyFi is required to have a business continuity plan to ensure the orderly management of investments in the event of business cessation.

4. Dilution risk (for equity investments)

In the case of equity instrument investments, there is a risk that the investor's shareholding may be diluted following subsequent capital increase operations by the issuer. Dilution reduces the percentage participation and potentially the economic value of the investment. In some cases, the articles of association of the issuing company may not provide pre-emption rights in favour of retail investors.

5. Regulatory and tax risk

The regulatory framework applicable to crowdfunding investments may change over time, with possible negative impacts on the value and liquidity of investments. The tax treatment of crowdfunding investments varies according to the investor's jurisdiction of residence and is subject to legislative changes. EquyFi does not provide tax advice and recommends consulting a qualified tax adviser before making investments.

General recommendation

Before investing, we recommend that you: (i) diversify your portfolio by not concentrating more than 10% of your net worth in crowdfunding investments, as recommended by ESMA; (ii) read the Key Investment Information Sheet (KIIS) of each project in full; (iii) consult an independent financial adviser if you have doubts about the suitability of the investment for your personal situation.