The Capital Markets (Investment-Based Crowdfunding) Regulations

13. Eligible issuers

Edition: 2022-12-31 · In force

13. Eligible issuers

(1)A micro, small or medium enterprise incorporated in Kenya with a minimum of two years’ operating track record and a good corporate governance record shall be eligible to raise funds through a crowdfunding platform in exchange for the issuance of an investment instrument.

(2)Despite sub-regulation (1), start-ups with a good operating track record and a good corporate governance record shall be eligible to raise funds through a crowdfunding platform.

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Source: Kenya Law