 Some of Portugal's crowdfunding platforms are PPL, a donation and reward-based crowdfunding platform for funding every kind of projects, MassiveMov, founded in 2011 aiming to be a funding alternative for innovative projects and Raize, a debt-based crowdfunding platform.Novo Banco Crowdfunding is another initiative in partnership with PPL which aims to raise money for social projects promoted by NGOs and charities and are 10% co-financed by NOVO BANCO, founded in 2011 aiming to be a funding alternative for innovative projects.The Portuguese crowdfunding legislation, Lei 102/2015 de 24 de agosto "Regime jurídico do financiamento colaborativo" states that from now on crowdfunding will be monitored by CMVM(Securities Market Commission) and every platform needs to be registered at DGC (General Consumer Office).