Crowdfunding platform operator refers to a person licensed by the CBB to operate an e-platform which takes place on an online portal, on which people lend money to businesses (Person to Business-P2B), and businesses lend money to other businesses (Business to Business – B2B) for the purpose of gaining a financial return in the form of interest/profit payment and a repayment of credit over a pre-specified period of time (financing-based crowdfunding), and/or raising of capital by issuance of ordinary shares by closed, private, family companies, start-up and small and medium size companies, entities engaged in real estate projects (equity-based crowdfunding).