Recrowd: the investor situation
67 projects in default, over €222M raised, platform suspended by the Bank of Italy. Thousands of investors are affected. Together we can act.
The situation in numbers
Projects in default
67
Delayed projects
9
Capital raised
€222.0M
Total projects
274
Defaults by category
Project status distribution
Bank of Italy Ruling
Operational suspension ordered on 31 July 2025
La Banca d'Italia ha disposto la sospensione di Recrowd S.r.l., vietando alla piattaforma di intermediare nella concessione di prestiti tramite crowdfunding immobiliare. Via Nazionale ha rilevato criticità legate a governance insufficiente, trasparenza nelle comunicazioni e procedure di compliance inadeguate.
Bloccato: nuovi investimenti e partecipazione a nuove campagne.
Attivo: le campagne già lanciate restano operative, l'assistenza clienti prosegue, il monitoraggio delle operazioni in corso e il funzionamento dei conti di pagamento continuano.
Tuttavia, un impatto sui tempi di rimborso dei progetti già finanziati non può essere escluso.
Recrowd è stata obbligata a predisporre e attuare entro il 31 ottobre 2025 un piano di risanamento dettagliato. Solo l'approvazione della Banca d'Italia potrà riaprire le attività.
Main reported issues
Widespread project defaults
Multiple investors report that most funded projects are in default or severely delayed. Some users report default rates above 50 percent of their portfolio.
Failure to return capital
Numerous testimonies indicate the impossibility of recovering invested capital, even years after the contractual maturity of projects.
Insufficient communication
Investors complain of vague responses, communication delays, unreachable customer service, and lack of transparency about the real status of projects.
Inadequate due diligence
Several reviews criticize the selection of proponents and the risk assessment carried out by the platform, deemed superficial or insufficient.
Unilateral renegotiations
Investors report repeated extension and renegotiation requests from proponents, with little protection of investor interests.
Suspension of new proposals
Recrowd has blocked the publication of new investment proposals. The Bank of Italy has been mentioned in several reviews as the regulatory body involved.
Sources and references
| Source | Title / Description | Date |
|---|---|---|
| Bank of Italy | Operational suspension order of Recrowd S.r.l. | 31 July 2025 |
| Euroconsumatori / A.E.C.I. | Bank of Italy blocks Recrowd: what to do to protect your money | 2025 |
| Euroconsumatori / A.E.C.I. | Bank of Italy blocks Recrowd: what is really happening? | 2025 |
| Il Sole 24 Ore | Recrowd, over 200 million raised since 2019 | 2024 |
| Altroconsumo | Recrowd suspended by the Bank of Italy | August 2025 |
| AziendaBanca | Bank of Italy suspends new campaigns on Recrowd | August 2025 |
| Re2Bit | Stop to new Recrowd operations | 28 August 2025 |
| Parole in Economia | Recrowd and the long wait for 31 October | 5 November 2025 |
| Today.it | Bank of Italy blocks Recrowd: investments halted | 2025 |
| Default-UNITI | Independent coordination of Recrowd investors | 2025–2026 |
| Trustpilot | Recrowd reviews — 1,719 reviews, TrustScore 2.8/5 | April 2026 |
| Criminal Code / Civil Procedure Code | Art. 124 Criminal Code (3-month complaint deadline), Art. 671 Code of Civil Procedure (precautionary seizure) | — |
| European Union | GDPR — EU Regulation 2016/679 on personal data protection | 2016 |
| European Union | ECSP Regulation — EU Reg. 2020/1503 on crowdfunding service providers | 2020 |
| Privacy Authority | Data Protection Authority — Complaint forms | — |
| European Union | Directive 2011/83/EU — Consumer rights | 2011 |
| European Union | Directive 2013/11/EU — Alternative dispute resolution (ADR) | 2013 |
| European Commission | ODR Platform — Online dispute resolution | — |
| Italy | Legislative Decree 206/2005 — Consumer Code (unfair practices, unfair terms) | 2005 |
| AGCM | Competition and Market Authority — Reports | — |
Le recensioni sono di proprietà dei rispettivi autori e sono riportate a scopo informativo. Le indicazioni legali hanno carattere generale e non costituiscono consulenza legale.
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