Driven by Germany and Estonia, EstateGuru racks up €46.2m in Q2 property lending
EstateGuru’s first UK projects are on the horizon for later in 2021.
Peer-to-peer lender EstateGuru continued its strong start to 2021 with lending up 180 per cent on 2020 during the second quarter of the year.
According to CEO and co-founder Marek Pärtel the platform helped facilitate €46.2m in lending during Q2, which equated to a 133 per cent increase in revenues to €1.7m.
Growth came largely from Germany, with 1,799 new investors from that market, accounting for €15.2m of EstateGuru’s total, and Estonia, with €12.9m.
Investors on the platform earned €3.4m of interest during the quarter, up from €2.4m last year, and 234 new development projects were financed.
EstateGuru also completed a €1.3m crowdfunding round during the quarter, far exceeding its target of €500,000.
“To reach our maximum target in just 4 days of a 40-day campaign is a proud moment and shows that our business model and growth plans have struck a chord with investors who share our optimism about the alternative finance industry“, said Pärtel.
Looking ahead, the CEO revealed that EstateGuru is preparing to launch its first projects in the UK and the Netherlands during the second half of 2021.