Version applicable starting 20.02.2026
This Regulation governs the participation conditions, operational mechanism, eligibility criteria, and bonus allocation method within the Fagura Referral Program, organized by FAGURA FINANCE S.R.L., a limited liability company incorporated and operating under the laws of Romania, with its registered office at 24 Sevastopol Street, Ground Floor, Room 1 Bis and Room 5, Sector 1, Bucharest, Romania, registered with the Trade Registry under no. J40/8030/2021, European unique identifier (EUID) ROONRC.J40/8030/2021, having fiscal registration code 44221810, hereinafter referred to as “Fagura”, acting as an authorized crowdfunding service provider, registration number and date in the A.S.F. Register: PJR28FSFPR/400003/04.09.2023.
This Regulation supplements the Terms and Conditions of Use of the Platform www.fagura.ro. In the event of any inconsistency between this Regulation and the Platform Terms and Conditions, the provisions of this Regulation shall prevail exclusively with respect to matters specific to the Referral Program.
At Fagura, the community is the engine that drives the growth of alternative investments. Therefore, we have rebuilt the Referral Program to expand the community and directly reward both the inviting user and the invited person. For each friend who creates an account through your link and fulfills the eligibility conditions, the bonus is granted to both parties. If the activation process takes longer than the initial term, you may relaunch the invitation from your account so that it remains valid according to the program rules.
1. Referral Program 3.0
Compared to previous versions, Referral Program 3.0 simplifies the bonus process and introduces new monitoring tools:
- Individual rewards: You receive a bonus for each approved referral who completes the required steps.
- Validity period: Each invitation has a 30-day opportunity window. It may be renewed twice (2), but must NOT exceed a total of 90 days.
- Reminder notifications: You may remind your friends to complete the process directly from the platform and ensure they do not miss the opportunity.
2. Key Terms
To simplify invitation tracking, each user may use the dedicated dashboard in their personal account, designed to provide transparency regarding the status of each invitation and allow real-time progress monitoring.
The Referral Program uses the following statuses:
- Invited: The invitation has been sent (email delivered), but the invited person has not yet created an account on the platform.
- Account Created: The invited person has created a user account and completed all necessary steps to invest or contract loans, including identity verification (KYC). From this moment, the 30-day eligibility period begins.
- Accepted: The invited person has fulfilled the applicable conditions (investment/loan), and the bonus is granted and transferred to the eligible parties’ accounts according to this Regulation.
- Pending: The invited person has not yet fulfilled the applicable conditions and the 30-day period has not expired.
- Expired Invitation: The 30-day period and the renewal possibility have expired without fulfilling the program conditions; the invitation becomes invalid.
- Closed: The referral created and activated the account or invested the required amount, but used an expired link or exceeded the maximum 90-day period from the initial invitation. In this case, no bonus is granted to either party.
3. Eligibility and Reward Conditions
Eligibility Conditions
Participation in the Fagura Referral Program is open to any natural or legal person, freely and voluntarily, provided they meet the general eligibility requirements applicable to users of www.fagura.ro, as provided in the Platform Terms and Conditions.
The bonus is granted to the Referrer and the Referral if the following conditions are cumulatively met:
- Both referrer and referral must have an active account on the platform and complete all required steps to invest or contract loans, including KYC verification.
- An invited investor must fund their account and make an actual investment on the platform, in accordance with the thresholds and timeframes established in this Regulation.
- An invited borrower must contract a loan; the loan agreement must be signed and the amount disbursed according to platform rules and contractual documentation.
- The invited person may create both types of accounts (Borrower and Investor). The bonus will be granted to the account where the bonus conditions are fulfilled first.
Rewards are determined according to the type of account created by the invited person.
| Referral Type | Bonus Condition | Referrer Bonus | Referral Bonus |
| Individual Investor | Minimum €250 cumulatively invested within 30 days | €30 | €30 |
| Corporate Investor | Minimum €1,000 cumulatively invested within 30 days | €90 | €90 |
| Corporate Borrower | Contracting a loan of minimum €1,000 | €30 | €30 (credited to loan account) |
Bonus Allocation Procedure
The referral bonus is granted only after cumulative fulfillment of all eligibility conditions provided in this Regulation and the Platform Terms and Conditions.
After confirmation of eligibility (investment made according to applicable threshold or loan approved, signed and disbursed), the bonus will be validated by Fagura and allocated to both eligible parties.
The bonus will be credited directly to the user’s platform account within a maximum of 30 (thirty) calendar days from the confirmation date.
The platforms www.fagura.com and www.fagura.ro belong to the Fagura group. The Referral Program applies uniformly across both platforms under regulations containing identical rules and conditions. If the Referrer sends the invitation from fagura.com and the Referral chooses to invest or borrow on fagura.ro (or vice versa), once the program conditions are fulfilled, the Referrer receives the bonus on the platform from which the invitation was initiated, and the Referral receives the bonus on the platform where the bonus conditions were first fulfilled.
Fagura reserves the right to perform additional checks before granting bonuses to prevent fraud or abuse.
4. Notifications
To facilitate invitation management and eligibility tracking, the Referral Program includes notification and reminder functionalities within the dashboard.
If the invitation validity expires without fulfilling the conditions, the invitation may be relaunched through the “Renew Invitation” option. Relaunching is a manual action and starts a new 30-day cycle, subject to the Regulation limits.
For invitations with „Account Created” status, reminder messages may be sent to encourage completion of required actions (investment/loan). A maximum of two (2) reminders per invitation cycle is allowed. The first reminder may be manually initiated only after the first 10 days from invitation sending, with at least 10 days between reminders. If no manual reminder is sent, the system will automatically send one 7 days before the 30-day cycle expires. Messages are sent by Fagura but associated with the referrer to preserve a personal communication character.
5. Exclusions and Prohibited Conduct
The Referral Program aims to stimulate real, direct, and authentic recommendations. Any misuse may result in measures under this section.
Fagura reserves the right to suspend, cancel, or recover granted bonuses and restrict or close accounts involved in abusive, fraudulent, or improper practices, including but not limited to:
- Inviting fictitious persons, using false identities, or creating accounts without consent;
- Creating multiple accounts by the same person for unjustified bonus acquisition (self-referral);
- Bulk/referral farming schemes, mass non-personalized distribution, or automated invitation generation;
- Use of artificial/technical methods (scripts, bots, VPNs, intermediary accounts, simulation mechanisms, etc.) to artificially fulfill bonus conditions;
- Any other behavior that reasonably aims at unjustified benefit acquisition.
6. Taxation
The tax treatment of referral bonuses is determined according to applicable tax legislation. If bonuses are subject to taxation and withholding obligations exist, the tax will be calculated and withheld by Fagura at the time of bonus granting.
The amount credited may represent the net value after tax withholding.
If additional tax obligations apply (including contributions, declarations, or reporting), they will be fulfilled according to applicable legal provisions, and participants remain responsible for any personal tax obligations that cannot be withheld at source.
Fagura reserves the right to request additional information or supporting documents necessary for tax compliance.
