News provided by Estateguru Group, January 25, 2022
2021 ended strongly on Estateguru’s platform. All of our operating countries exceeded their business targets and the total funded amount for the year was €203M, which is a 69% increase when compared to 2020 (€120M). Current assets under management (AUM) amount to €220,3M as of the end of 2021. Our revenues were 7,1M in 2021, an increase of 58% compared to 2020 (4,5M)
13 900 new investors joined us from our operating countries and 42 000 from non-operating countries (the biggest groups were from Spain, Italy, and Netherlands) totaling 112 000 investors by the end of 2021, which is a 35% increase compared to 2020. Back in 2020, we welcomed 13 300 new investors from operating countries and 31 200 investors from non-operating countries (the biggest groups were from Spain, Italy and France). Our investors earned €14,9M of interest during 2021 versus €10,5M in 2020. We financed 1072 projects in the amount of €203M during 2021 compared to 824 projects in the amount of €120M in 2020. The average return on repaid loans in 2021 was 10,3%.
„The last months of 2021 set a perfect tone for the current year. We’re on track with our ambitious targets and this year we are aiming to triple our growth. We will facilitate the achievement of this growth target by continuous and increasing investments into loan origination technology, expansion into bigger European markets, hiring new talent, and establishing new institutional credit lines together with an increased retail investor community. Our average speed of funding is 33,5 hours. This is exactly what small and medium size enterprises need in order to be competitive and take advantage of business opportunities smoothly and rapidly. Despite the ongoing coronavirus pandemic and the attendant uncertainty, the real estate markets in all of our operating countries are performing well, which supports our expansion plans to the UK, the Netherlands, Spain and Italy this year”, commented Marek Pärtel, Estateguru’s co-founder and chairman.
“Late last year we welcomed the introduction of the EU regulations for crowdfunding, something Estateguru has championed from its inception. This will contribute heavily to alternative financing solutions becoming more and more mainstream besides traditional financing solutions. Estateguru continues providing all investors and borrowers with the very best real estate financing and investing platform“, added Pärtel
Piret Reinson, Head of Marketing and Communication: firstname.lastname@example.org, +372 510 1984
Estateguru is the leading Pan-European marketplace facilitating property-backed loans for SMEs and carefully selected investment opportunities for our global investor base. We 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 one single marketplace, we can offer something unique that other financial institutions cannot – the seamless, cross-border and digital service for borrowers and investors. The team consists of 113 professionals from 19 different nationalities based in Helsinki, London, Tallinn (HQ), Riga, Vilnius, Berlin and Amsterdam.