EstateGuru, a securities crowdfunding platform based in Estonia but offering services across Europe, has joined the establishment Association of German Credit Platforms (Verband deutscher Kreditplattformen or VdK) as a full member. While not the first Fintech to join the Association the news is reflective of the fact that Fintechs are now mainstream.
Simultaneously, Fulfin (isarlend GmbH) has joined the association as an associate member.
Constantin Fabricius, Managing Director of the VdK, commented on the new members:
“With EstateGuru Germany and fulfin, our community is gaining progressive players from the digital ecosystem. You will strengthen our core competence as a central interest group for digital financing and investing. I am really looking forward to working together.”
EstateGuru Germany is a pan-European marketplace for mortgage-backed loans for small and medium-sized enterprises (SMEs) and investment opportunities for private and institutional investors worldwide. EstateGuru is headquartered in Tallinn, with additional locations in Riga, Vilnius, Helsinki, Berlin, Yerevan, and Manchester.
Björn Kombächer, Country Head for Germany of the Estateguru Group, added:
“As the largest real estate market in Europe with a high demand for flexible alternative financing options for small and medium-sized companies, Germany is a key market for our group. In our fast-moving business world, digital platforms are becoming increasingly important because they can give companies quick and easy access to financing. A joint representation of interests and a continuous exchange of information, for example with regard to current developments in the markets or in politics, are all the more important. Membership in the VdK was therefore the logical next step for our business development in Germany, and we are very much looking forward to working with so many interesting players. Together we can advance digital financing and investing in all areas of the economy.”
fulfin, the platform for working capital financing for e-commerce retailers and digital business models, was founded in 2018 by alternative lending experts Nathan Evans and Dr. Alfred Gruber. Through the automated evaluation and benchmarking of financial transactions from several thousand e-commerce merchants, fulfin aims to provide working capital and digital business models for its customers that are not served by traditional banks. Evans explains that their company proves that there is an ever-increasing need for innovative financial partners who have their core competence in e-commerce.
“We are very pleased to meet partners in the association who share the same values and want to help finance growth in a sustainable way.”