Finanstilsynet (The Financial Supervisory Authority of Norway) warns against lending activity promoted by BancaClub.
Finanstilsynet has been informed that BancaClub offers peer-to-peer lending activity promoted on a website.
Finanstilsynet wishes to make it clear that BancaClub is not authorised to provide peer-to-peer lending activity in Norway. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends not to entering into agreements arranged by BancaClub.
Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website.