A strong and fast recovery from the COVID-crisis in Spring has helped push EstateGuru to new monthly business records. In both August and September, EstateGuru saw monthly loan amounts of over €10 million, with €10,1M and €10,2M respectively. Another record reached was the number of investments done on the platform – 1 million investments have been facilitated since 2014.
“Our loan amounts increased 24% compared to the same period last year and our revenues increased 46%. I’m very proud of our international team who’ve done such a great job throughout these troublesome times. I can say today that EstateGuru has come out of the crisis much stronger than we entered it. We also saw a solid inflow of new investors, a 52% increase compared to Q3 2019, but most importantly, our technology and digitalisation has made it possible to invest in property for anyone, anywhere in the world. Lots of Italian, Dutch and Spanish investors are joining the platform these days. And of course, looking into the future, we remain focused on cost-efficient growth and the stable quality of our credit portfolio”, says Marek Pärtel, Co-founder and CEO at EstateGuru.
Besides the new business records, EstateGuru also fully launched its operations in Finland during September and is now officially licensed as a crowdfunding operator in that country. „We’ve been actively talking to Finnish entrepreneurs since August 2019 and we’re confident that the Finnish market is ready for a modern operator such as EstateGuru. We wish to bring the benefits of alternative financing to a broader audience and offer a true alternative to the conventional loan market that may often be perceived as stiff and bureaucratic. Our new investor numbers have tripled, so Finnish investors appreciate a low-barrier entry into the world of real-estate investing highly,“ commented Matti Vansén, Country Head of Finland, EstateGuru.
7777 new investors joined EstateGuru during Q3 2020 compared to 5109 during Q3 2019. The biggest number of new investors came from Germany, with 2256. The next largest groups are Estonians, Italians, Lithuanians, Dutch, Spanish, Latvian and investors from 99 other countries. Our investors earned €2,6 M of interest during Q3 2020 versus €1,8 M in Q3 2019. 194 projects were financed in the amount of €28,4M during Q3 2020 compared to 178 projects in the amount of €22,8 M in Q3 2019