Tőkeportál Zrt.

What Tőkeportál Zrt. does

Tőkeportál Zrt. (operating as TokePortal.com) is an EU-regulated equity-based crowdfunding platform founded in Budapest in 2017 by economist Nora Szeles. The company relocated its service-provider operations to Malta in 2022 to leverage the pan-European Crowdfunding Service Provider Regulation (ECSPR / Regulation EU 2020/1503), under which its wholly-owned subsidiary TokePortal.com Ltd. holds authorization from the Malta Financial Services Authority (ID: TOKE-23805, company reg. C 108328) and is passporting into ten EU member states: Bulgaria, Croatia, Czech Republic, Greece, Hungary, Malta, Poland, Romania, Slovakia, and Slovenia.

The core product is a single integrated equity-crowdfunding marketplace enabling startups and SMEs to raise up to EUR 5 million per annum per project in exchange for transferable securities (equity, debt, or convertible loans). The platform runs a structured five-stage campaign lifecycle (Pre-Registration, Closed Phase, Open Phase, Closure, Post-Closing) with proprietary scorecard validation, mandatory escrow to a custodian account, 25% advance / 75% settlement mechanics, and DVP (Delivery-versus-Payment) transaction handling. Investor onboarding is integrated with SumSub for KYC/AML, Stripe and PayPal for payments, Smartsupp for chat support, and Nutshell for CRM/newsletters, with Dolphio Technologies as the outsourced IT development partner. A regulated Investor Knowledge Test (EKT) and Loss-Bearing Simulation (LBS) gate non-sophisticated investors, and a bulletin-board-style OTC secondary trading module is in the pipeline. Supplementary sub-brands include Pitch&Go (live-streamed pitching), the Mentor Platform (65+ contracted mentors at mentorplatform.hu), and TokeBlog (editorial site at tokeblog.hu).

The company operates with a lean team of approximately 9 core staff supported by 65+ contracted mentors. Monetization is anchored on a 6–7% success fee on successfully raised capital, with alternative pricing including fixed fees and pre-registration test-the-waters campaigns capped at EUR 2,000. Investors pay an exit fee on secondary-market trades. Additional revenue streams include paid mentor bookings, incubation and acceleration services bundled with contracted campaigns, and trade commissions. As of August 2024 the platform reported investment capacity of EUR 0.5–1M per month, expected to double by year-end. Notable recent initiatives include the First Crowdfunding Incubator Malta program launched in 2025, the Pitch&Go live-streaming module, and a flagship Puli Space Technologies equity campaign tied to the IM-2 lunar mission in March 2025.

Name

Tőkeportál Zrt.

Legal name

Tőkeportál Zrt.

Website

https://tokeportal.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Tőkeportál Zrt. (TokePortal.com) is an MFSA-authorized EU equity crowdfunding platform founded in Hungary in 2017, enabling startups and SMEs in 10 EU member states to raise up to EUR 5M per annum in exchange for tradable securities, monetized via a 6–7% success fee.

Ownership category

akta.pro rank

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Success Fee on Capital Raised: Primary revenue stream: 6–7% success fee on total capital raised through successful campaigns. Success-based fee model encourages alignment with founders and is positioned as very competitive vs. traditional marketing costs (described as ~12% of capital total cost equivalent). Charged after successful campaign close, before share issuance.
2. Fixed Fee Alternative for Campaigns: Alternative pricing model offering a flat fee option instead of success-based fee, in addition to minor fixed costs to start a campaign. Also offers pre-registration / "test the waters" campaigns at a maximum cost of EUR 2k.
3. Exit Fee on Secondary Trading: For investors, all platform services are free except for an exit fee (charged when shares are sold via the bulletin-board secondary trading service). Trade commissions also collected when OTC trades are completed through the platform.
4. Incubation, Acceleration & Mentoring Services: Tailor-made incubation, acceleration, and personal campaign management services provided free as part of contracted campaigns, plus paid mentor bookings via the Mentor Platform. Listed campaigns get documentation assistance, due-diligence support, and post-campaign investor reporting nearly free of charge.

Pricing tiers

Go-to-market motion1 record

Marketing channels9 records

Core offering

Tőkeportál operates TokePortal.com, a regulated EU equity-based crowdfunding platform where startups and SMEs in ten EU member states can raise up to EUR 5 million per annum per project owner in exchange for transferable securities such as equity, debt or convertible loans. The platform handles the end-to-end campaign lifecycle — Scoring, KIIS approval, Closed and Open Phases, custodian-account escrow, share issuance and post-campaign reporting — and is licensed under the European Crowdfunding Service Provider Regulation (ECSPR) by the Malta Financial Services Authority (MFSA). Investors can participate from as little as EUR 100, complete mandatory knowledge and risk simulations, and trade shares on a bulletin-board secondary market.

Product overview

Tőkeportál Zrt. operates TokePortal.com as a single integrated equity-based crowdfunding platform with multiple sub-modules and services around it, rather than separate standalone products. The core offering is the TokePortal.com Crowdfunding Platform (operating the Equity-based Campaigns Service, with Real Estate Campaigns as a specialized variant and Convertible Loan Campaigns in progress under ECSPR), supplemented by the Pitch&Go live pitch stream module, the Mentor Platform (mentorplatform.hu) sub-brand for incubation/mentoring, the TokeBlog editorial sub-brand, and the planned Bulletin Board / Secondary Trading service for OTC share trading. The platform is licensed under the European Crowdfunding Service Provider Regulation (ECSPR) and supervised by the Malta Financial Services Authority (MFSA), allowing it to raise up to €5M per year per project across authorized EU member states. The First Crowdfunding Incubator Malta program is run jointly with partner organizations. Outsourced technical integrations (SumSub for KYC, Stripe and PayPal for payments, Smartsupp for chat, Nutshell for newsletters, Dolphio Technologies for IT) power the platform's back-office functions but are not user-facing products.

Differentiator

Problem solved

Functional benefit

Brands

• Pitch&Go: Live pitch streaming sub-brand where attendees can indicate investments during pitches; Malta's first crowdfunding success (Crashpad) was launched via Pitch&Go.
• Mentorplatform
• TokeBlog

Products and services

• TokePortal.com Equity Crowdfunding Platform Regulated equity-based crowdfunding marketplace operated by TokePortal.com Ltd. under MFSA supervision (Authorisation ID TOKE-23805), enabling startups and SMEs in ten EU member states to raise up to EUR 5M per year in exchange for tradable securities (equity, debt or convertible loans), with KYC onboarding, Key Investor Information Sheet (KIIS) publishing, custodian-account fund handling, and post-campaign reporting.
• Equity-based Campaigns Service Primary service line providing end-to-end management of equity crowdfunding campaigns including Campaign Launch Agreement, Scoring process, KIIS approval, Closed and Open Phase operation, custodian-account escrow, share issuance and post-campaign reporting for three years, with minimum investment from EUR 100 and 6–7% success-based fee.
• Real Estate Campaigns Specialised campaign type for real-estate-backed investments where investors acquire equity in property-focused vehicles, with example deployment via Available Zrt. for an Eastern Germany condominium portfolio and a planned BSE Xtend listing in March 2026.
• Convertible Loan Campaigns Service line for issuing debt-based securities and convertible loans with an annual limit of EUR 5M under the ECSPR exemption that overrides lower national limits such as Hungary's; implementation is in progress.
• Pitch&Go Live Pitch Stream Live streaming module where startups pitch to audiences in real time and attendees can indicate investments equal to or exceeding the price of their entry ticket, with the indicated amount exchanged for a share in the pitch upon successful closing; hosts live pitches for startups such as Crashpad Malta, Water2farm, Buddyguard, Garland, MannaEV, Organic Steel, VRWorld Medtech and Mamori.
• Mentor Platform (mentorplatform.hu) Sub-brand service connecting prospective Campaign Owners with contracted mentors across finance, legal, marketing, entrepreneurship and humanities categories, providing two hours of pro bono mentoring per month to contracted Campaign Hosts and offering paid mentor bookings.
• Bulletin Board Secondary Trading Service OTC secondary-market service enabling transmission of buy and sell offers for shares from successful campaigns after a lock-up period, with offers displayed and the CSP facilitating connections (without pairing orders or trading on its own account) and collecting trade commissions.
• First Crowdfunding Incubator (Malta Program) 12-week intensive incubation program co-creating investment-ready ventures in Malta, run jointly with First Crowdfunding Incubator, with a scorecard verified for growth and unlocking up to EUR 5M in potential funding.

Quantifiable outcome

• 2–3x faster capital raising vs. alternatives; capital can be disbursed within 2–3 months of contract signing
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SeedBlink: Romania-headquartered equity and venture debt crowdfunding platform operating across CEE and the EU. Most directly comparable peer given overlapping geography (CEE origin), equity-based model, and multi-country EU coverage; competes for the same issuer pool as TokePortal in countries like Romania, Bulgaria, and Hungary.
• Companisto: Berlin-based equity crowdfunding platform with a large retail investor base and broad deal flow across DACH. Directly comparable ECSPR-style regulated equity model with success fees and secondary trading ambitions; competes for EU-wide deal flow and overlapping investor base.
• Funderbeam: Estonia-based equity crowdfunding and secondary trading platform with a strong emphasis on cross-border deal flow and a liquid secondary market for private shares. Highly comparable on the secondary trading / ECSPR-regulated equity dimensions and on CEE/Nordic investor targeting.
• Invesdor: Finnish/Nordic equity and debt crowdfunding platform operating under EU regulation. Comparable ECSPR-style regulated offerings and multi-country EU reach; competes for cross-border issuers targeting retail investors.
• WiSEED: France-headquartered regulated crowdfunding platform offering equity, bond, and royalty-based investments to retail investors. Directly comparable regulated retail-investment model with similar fee structure and EUR 5M raise cap alignment under EU regulation.
• FundedByMe: Sweden-based crowdfunding platform with equity, lending, and reward campaigns across multiple EU countries. Comparable multi-jurisdiction equity crowdfunding model and similar target issuer size profile.

Broad incumbents

• Crowdcube (formerly combined with Seedrs): UK-headquartered equity crowdfunding incumbent, the largest in Europe by capital raised. Comparable regulated equity raise model but at much greater scale; represents the dominant player TokePortal must differentiate against for cross-border issuers and investor mindshare.
• Seedrs (now part of Crowdcube group): UK equity crowdfunding pioneer with secondary market and nominee structure. Same regulated equity crowdfunding model as TokePortal; useful as a benchmark for fee structure, nominee structure, and secondary trading design.

Regional players

• SeedBlink Secondary / Vestbee: Vestbee is a UK/European deal-flow and syndication platform for early-stage investors; it overlaps with TokePortal on the supply side (matching issuers with retail/angel investors) but does not operate its own regulated CSP license, making it adjacent rather than directly competing.

Others

• Eurocrowd: European crowdfunding trade association of which TokePortal CEO Nora Szeles is a board member. Not a competitor but a key ecosystem relationship; comparable platforms and CSPs sit alongside TokePortal in Eurocrowd's membership, shaping industry standards and policy advocacy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCo5hL5PCamhixdBgQ-SwSkw
• Facebookfacebook.com/tokeportal
• LinkedInlinkedin.com/company/tokeportal
• Instagraminstagram.com/tokeportal
• TikToktiktok.com/@tokeportal
• Xx.com/TokeportalOffic

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tőkeportál Zrt.