Mexico City as of March 17, 2020. SOLCARGO advised Doopla in the submission to the National Banking and Securities Commission the authorization request for the organization and operation as a Collective Financing Institution, as indicated by the Law to Regulate Financial Technology Institutions (the Fintech Law). 

The team was led by our partners Fernando Eraña (on regulatory issues) and Luis López (on money laundering prevention issues), and the associates Rodrigo Martínez and Carlos Ugalde.

Doopla becomes the first institution to submit the authorization to operate as a Collective Financing Institution.

Doopla is an online platform for direct loans between individuals (peer-to-peer). It has a specific methodology to select only responsible low-risk debtors. In turn, investors in the Doopla community select and invest in the projects, obtaining returns superior to those offered by traditional institutions.

Doopla has been selected for Village Capital Fintech as one of the most important fintechs in LATAM. Since its beginnings, our Private Equity and Venture Capital Practice has supported with legal advice to various entrepreneurs and startups with innovative and disruptive ideas.