EstateGuru, the pan-European property investing and financing platform, has funded €500M in loans as of today.
The company, founded in Tallinn, Estonia in 2013, officially funded its very first loan in January 2014. It hit the €100M mark after five years, in March 2019. This exponential growth was sustained when, in 2021, EstateGuru financed loans in the amount of €200M. Now they have hit the half a billion mark in cumulative loans funded.
“The success of our business model and more than 110 000 investors who have joined our platform inspire and motivate us to consistently pursue our vision to make real estate financing and investing accessible to everyone. Reaching this significant milestone is the perfect start to 2022 and sets the tone for the year ahead. We will continue our ambitious growth path and aim to become the biggest real estate financing and investment platform in Europe by 2025. The timing couldn’t be better. We see the demand for alternative financing solutions grow throughout Europe and especially SME companies are looking for professional, reliable financing partners with expertise in the sector,” commented Marek Pärtel, CEO and co-founder of EstateGuru. “And not only are our loan volumes increasing at an incredible pace but many talented people have joined our team in the last year. While there were 50 people working in eight different countries in January 2021, at the moment it’s 110 talents from 17 different nationalities,” added Pärtel.
EstateGuru financed loans in the amount of €203M in 2021 which was a 69% increase when compared to 2020 (€120M). Current assets under management (AUM) amount to €220,3M as of the end of 2021.
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