EstateGuru maintained strong and stable loan volume growth throughout Q2. The platform saw an increase of 180% in Q2 when compared to the same period last year (from €16,5M to €46,2M) and revenues increased 133% (from €0,73M to €1,7M). The German market was the biggest contributor with €15,2M, followed by Estonia with €12,9M. We also witnessed a solid inflow of new investors, a 28% increase compared to Q2 2020 (6200 new investors in 2020 and 7935 investors in 2021).
The largest number of new investors came from Germany, with 1799 joining from that country. The next largest groups are Estonians, Italians, Lithuanians, Dutch, Spanish, and Portuguese, with investors from another 108 other countries making up the total. Our investors earned €3,4M of interest during Q2 2021 versus €2,4M in Q2 2020. We financed 234 projects in the amount of €46,2M during Q2 2021 compared to 182 projects in the amount of €16,5M in Q2 2020. The average return on repaid loans in Q2 2021 was 10,8%.
„One of the highlights of the second quarter was our Seedrs campaign. Due to massive investor enthusiasm, the campaign exceeded its minimum target of €500K by 260%, closing on €1,3M. 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“, says Marek Pärtel, co-founder and CEO of EstateGuru.
“I’m happy to see that we are attracting so much talent as, going forward, we need to scale our business and we will require passionate and charismatic professionals to take the alternative financing industry to its next level. At the moment we are focusing heavily on our expansion roadmap and are preparing the first projects in the UK and the Netherlands“, Pärtel commented on the plans for the second half of 2021.
As is customary, we also close Q2 with the release of our independently audited annual report, which is freely available to download on our website. The report plays a big part in our commitment to transparency and is always eagerly awaited by our investors.