EstateGuru has implemented the Lemonway payment service solution on its platform in order to facilitate the full, smooth launch of its services in all European countries.
“We are expanding to several new European countries in 2020. To be fully compliant with the regulatory requirements in all of the operating countries, and to offer our investors the best possible service, we will start using a licensed payment service provider for storing funds differently from the current set-up. I’m pleased to announce that we’ve found the best possible partner in Lemonway, the pan-European payment institution whose solution is trusted and used by over 1,400 websites in Europe, including 200 alternative financing platforms”, commented Marek Pärtel, co-founder and CEO of EstateGuru.
For investors, this means they’ll receive a personal virtual IBAN in Lemon Way, transaction matching will be improved, and money will move faster. All processes will also be in accordance with the required procedures for the protection of client funds regarding the provision of payment services. Investors deposits will be held in one of the largest banks in Europe – BNP Paribas Bank. The migration will happen over several phases. During the first phase, investors from Lithuania will be migrated to Lemonway.
“We are proud to partner with EstateGuru, the leading European marketplace for short-term, property-backed loans already active in seven countries. Supporting EstateGuru payment operations, we totally deliver our mission which is to facilitate and secure transactions carried out on the marketplace for each of the stakeholders (investors, borrowers, marketplace). PSD2 requires to be precise and agile, and working with EstateGuru has been fantastic as they needed a partner who can adapt to the intricacies of regulations in Europe ” Antoine Orsini, Co-founder and CEO of Lemonway.