Estateguru, an Estonia-based Fintech that offers a marketplace for investors to back secured loans, recently reported its Q2 numbers, and they were pretty solid.
According to a blog post, Estateguru saw its assets under management (AUM) rise to a portfolio of €268 million while attracting over 10,000 new investors to the platform. In total, Estateguru reports global investors of 137,000.
While loans do carry a certain amount of risk, Estateguru has been able to keep the default rate to about 5.1%.
Marek Pärtel, co-founder and Chairman of Estateguru, commented on the firms’ performance, noting that they have celebrated their 5th anniversary in Lithuania, where they have financed over €100 million of loans. Lithuania followed Estonia and Latvia as the third market, where Estateguru commenced operations in 2017.
“This is how the journey started. In June this year, Estateguru became a full member of the Association of German Credit Platforms (Verband deutscher Kreditplattformen or VdK), as we witness our industry becoming mainstream all over Europe.”
On average, investors generate around a 9% return on Estateguru.
Estatguru’s full year2021 financial results saw loan volumes increase by 69%, revenues 58%, new investors by 35% compared to 2020. AUM at the end of 2021 amounted to €220.3 million.
Estateguru has offices in Estonia (HQ), Latvia, Lithuania, Finland, Germany, Armenia and the UK.
Estateguru has successfully raised capital on Seedrs in the recent past.