Estateguru is pleased to announce that their investors have now provided €800,000,000 in funding through their platform.
The projects they have funded are now said to be “a feature of the modern European landscape, and a testament to the constructive power of informed investment.”
The European platform has also shared its Q1 results. Estateguru investors have reportedly “earned €3.5M with an average interest rate of 10.43%.”
Investors participating in real estate crowdfunding through Estateguru have notably “earned 3.5 million euros in profit in the first quarter, enjoying an average interest rate of 10.43% on their investments.”
Additionally, 2,721 new investors joined the platform.
During the first quarter of 2024, investors funded new real estate projects “through the Estateguru crowdfunding platform totaling 20.6 million euros over three months.”
Of this amount, 11.9 million euros were invested using the automatic investment function.
Estateguru CEO Mihkel Stamm said:
“Although nearly three thousand new investors joined in the quarter, the high proportion of automatic investments demonstrates the continued trust and loyalty of our existing investors. Today, we see that the portfolio of loans issued last year is performing well. Out of the initial 99.4 million euros, 33.6 million has already been repaid.”
Additionally, Estateguru reached “a significant milestone in Latvia, where the volume of funded loans exceeded 100 million euros, with 75 million euros having been repaid to date.”
As covered, dEstateguru is the Pan-European marketplace facilitating property-backed loans for SMEs and carefully selected investment opportunities for their global investor base.
They are developing a digital and borderless ecosystem “for real estate financing and investing in Europe and beyond.”
By connecting different service providers, SMEs, and investors into a single marketplace, they claim to “offer something unique that other financial institutions cannot—a seamless, cross-border, and digital service for borrowers and investors.”
The team reportedly consists of “over 78 professionals from 12 different nationalities, based in Helsinki, London, Tallinn (HQ), Riga, and Vilnius.”
