Why We
Exist
Argentina's crowdlending regulations are public record. They are also dense, technical, and effectively inaccessible to the investors they were designed to protect. That gap is why Kelzino exists.
2018: The rules were
written.
In 2018, Argentina's Comisión Nacional de Valores issued Resolution 717, establishing the regulatory framework for collective financing platforms — what in Argentina are called Proveedores de Servicios de Financiamiento Colectivo (PSFCs). This was a significant regulatory development, bringing crowdlending into a formal supervisory structure for the first time.
The resolution and its subsequent modifications define who can operate a crowdlending platform, what information they must disclose, what protections investors are entitled to, and what consequences follow from non-compliance. It is a comprehensive framework — but it was written for regulators, lawyers, and compliance professionals, not for the investors it ultimately serves.
The Information Gap
Most investors who participate in crowdlending operations in Argentina have never read the applicable regulations. Many don't know that a regulatory framework exists. This creates an asymmetry of information between platforms — which are required to know the rules — and investors, who are expected to operate within a framework they've never seen.
Translation,
not interpretation.
Kelzino's approach is straightforward: take the official CNV regulatory text, and explain what it means in language that doesn't require a law degree to understand. We don't interpret the regulations — we explain them. We don't advise on compliance — we describe what the regulations say. We don't recommend platforms — we explain what to look for in a registered one.
This distinction matters. Kelzino is an educational information portal. Everything we publish is traceable to official CNV sources. We are not a law firm, we do not provide legal advice, and nothing on this site should be treated as such.
What Investors
Deserve to Know
Platform Registration Status
Whether a platform is registered with the CNV as a PSFC — and how to verify this independently through official channels.
Disclosure Requirements
What information registered platforms are legally required to publish about each financing project before investors participate.
Fund Segregation Rules
How investor funds must be held separately from platform operating funds under the CNV framework.
Default Procedures
What regulated processes must be followed when a borrower defaults on a crowdlending obligation.
What We
Don't Do
Legal Advice
We do not provide legal advice, legal opinions, or guidance on specific legal situations. Consult a qualified attorney for legal matters.
Platform Registration
We do not assist platforms with CNV registration processes or compliance procedures. Contact the CNV directly for these matters.
Investment Recommendations
We do not recommend specific platforms, projects, or investment strategies. Our content is informational only.
Compliance Consulting
We do not advise platforms on regulatory compliance. Platform operators should work with qualified legal professionals.
Our Commitment
Every piece of content on Kelzino is reviewed for accuracy against official CNV publications. When regulations change, we update our explanations. When we are uncertain about the interpretation of a provision, we say so — and we direct users to consult qualified legal professionals or the CNV directly.
Ready to understand
the regulations?
Start with our plain-language guide to the CNV crowdlending framework.