- What
- Regulatory permission to operate as a securities crowdfunding platform or fintech.
- Who
- Securities crowdfunding platforms, robo-advisors and capital-markets fintechs.
Checked · October 2026 · cma.gov.kw/en/web/cma/home · How we check ↗
In detail
CMA FinTech Unit (Module 19) is a regulator in Kuwait. Capital Markets Authority's FinTech unit — covers securities-based crowdfunding, robo-advisory, and capital-markets innovation.
- Amount
- Regulatory permission to operate
- Eligibility
- Securities crowdfunding platforms, robo-advisors, capital-markets fintech
- Sectors
- Crowdfunding, WealthTech, Robo-advisory
- Status
- Regulator — the Module 19 initial implementation phase ran from 2 January 2024 to 1 July 2025 (application window 2 January to 1 July 2024, CMA registration forms by e-mail); no new window published (checked October 2026)
What the source says
“The CMA adopted Fintech regulations for Securities -based Fintech services through the issuance of Module 19 (Financial Technology) of the CMA Bylaws, which includes the rules and regulations for the first batch of Fintech services as follows:”
“Contact the Fintech Unit”
“1. Securities-Based Crowdfunding 2. Digital Financial Advisory”
“A service that provides automated financial product advice using algorithms and technology with limited or no human financial advisor involvement.”
“They must complete the designated form for registering a crowdfunding platform in the financial technologies register, or the designated form for requesting a license to provide Digital Financial Advisory services.”
“List of Companies Registered in the Fintech Services Register - CMA”
Closing soon on the map
No published deadline in the next 30 days · All published deadlines →
Compare government programmes in Kuwait
| Cost | |||
|---|---|---|---|
| CMA FinTech Unit (Module 19)Regulatory permission to operate as a securities crowdfunding platform or fintech. | not published | No equity | Active |
| CBK Wolooj Innovation HubR&D programme support for fintech innovation projects. | not published | No equity | Active |
| CBK Wolooj Regulatory SandboxRegulatory permission to test fintech products live; no funding provided. | not published | No equity | Active |
| KDIPAUp to 100% foreign ownership and up to a 10-year tax holiday for investors. | not published | No equity | Active |
| CBK Digital Banking GuidelinesLicensing guidelines for digital banks (since 2022). | not published | Not published | Closed |
| Kuwait Investment Authority (KIA)Manages sovereign capital; not a direct-application funder. | not published | Not published | Active |
| Ministry of Commerce & IndustryCompany setup fees. | not published | No equity | Active |
| NTECKWD 100M (~$350M) capital deployed via government-backed VC and projects. | not published | Not published | Active |
No programmes match these filters.
Highest amount in each programme’s own “What” line. Other currencies converted for sorting only (Gulf pegs; KWD, EUR, GBP approximate).
More programmes that take no equity →
Questions founders ask
What does CMA FinTech Unit (Module 19) offer?
Regulatory permission to operate as a securities crowdfunding platform or fintech.
Does CMA FinTech Unit (Module 19) take equity?
No equity — service or permission.
How do I apply?
No application form is published. Its website is the way in.
Sources
Primary source · cma.gov.kw/en/web/cma/home · LinkedIn · linkedin.com/company/capital-markets-authority-ku… · Checked October 2026