News provided by Estateguru Group, May 3, 2022
Estateguru, the leading property financing and investing platform in Europe, announces a funding campaign of up to €3M on Seedrs
- Driven by fast and scalable technology, Estateguru is on a mission to help the alternative financing industry to flourish, as every person deserves access to financial freedom and all entrepreneurs deserve access to flexible and speedy financing
- The company was founded in 2013 by real estate investors, developers and experts to help entrepreneurs get financing and offer investors pre-vetted, property-backed investment opportunities in European markets.
- Since 2014 Estateguru has expanded to offer investments in eight countries, facilitating more than €555M worth of loans and rewarding its 125 000 investors with €43M in interest payments.
Tallinn, 3 May 2022
Estateguru, the leading property financing and investing platform in Europe today announces a funding round on Seedrs to the value of €3M in order to support intensive growth and expansion plans. Estateguru’s ultimate goal is to develop a digital, borderless ecosystem for real estate financing and investing.
Estateguru finances projects which have solid collateral, using first-rank mortgages, to achieve straightforward and secure funding in real estate lending.This model is especially useful for entrepreneurs who struggle with the ‘one-size-fits-all’ policies of banks and gives everyone the opportunity to build diversified real estate investment portfolio from 50 EUR at an average historical interest rate of 11%.
In June 2020, Estateguru exceeded its first funding target of €350K on Seedrs by 261% followed by a second round with the funding target of €500K, which was overfunded by 260% in 2021. 2021 was the most successful year in Estateguru’s history. All operating countries exceeded their business targets and the platform’s total funded amount for the year was €203M, a 69% increase when compared to 2020 (€120M). Assets under management (AUM) amounted to €220.3M as of the end of 2021. Additionally, revenues reached €7.1M in 2021, an increase of 58% compared to 2020 (€4.5M). Estateguru is growing at an incredible pace, and in 2022 will be expanding to two more countries while investing heavily in technology and human capital.
Marek Pärtel, Co-founder and Chairman of Estateguru comments: “The third round on Seedrs shows the passion of our investors and affirms the direction of our property financing and investing platform. The growth we’ve witnessed during the last years has given the entire Estateguru team the ultimate drive and confidence to reach even greater heights. We all aim to live up to our vision of making real estate investing and financing attainable for anyone, anywhere in the world and building the best tech platform in the real estate space.
Our business model has proven to fit into any market and works in any business environment. We’ve emerged stronger than ever from the COVID crisis and we also see that the current macroeconomic conditions favour our business model because investors of different profiles need protection against inflation, while Small and Medium Enterprises (SMEs) need fast and flexible financing”.
“The funds raised during this round will be invested to support our continuing growth, especially in two of our biggest markets – Germany and the UK, as well as expand into two new markets, and make significant tech investments in building a true ecosystem for the real estate financing and investments sector.”
For more information, visit: www.estateguru.co.
Press Contacts
Piret Reinson, Head of Marketing and Communication: piret.reinson@estateguru.co, +372 510 1984
About Estateguru
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 117 professionals from 18 different nationalities based in Berlin, Manchester, Helsinki, Yerevan, Tallinn (HQ), Riga, and Vilnius.
