LEADING PAN-EUROPEAN MARKETPLACE FOR SHORT-TERM, PROPERTY-BACKED LOANS, ESTATEGURU, ANNOUNCES A FUNDING CAMPAIGN OF UP TO €2M ON SEEDRS AS PART OF ITS €5M SERIES A RAISE
- Driven by fast and scalable technology, EstateGuru is on a mission to make the EU property finance market more efficient and transparent to offer a seamless, borderless service for both borrowers and investors, 24/7 and globally
- The company was founded in 2013 by real estate developers and experts on a mission to help entrepreneurs get financing and offer investors stable investment products at all times.
- Since 2014 EstateGuru has expanded to offer investments in seven countries, facilitating more than €200M worth of loans and rewarding its 46 000 investors with €13M in interest payments.
Tallinn, 4 May 2020: EstateGuru, the leading pan-European marketplace for short-term, property-backed loans today announces an up to €2M funding round on Seedrs to fund aggressive growth and expansion plans. EstateGuru aims to further develop and execute an ambitious road map to become the biggest real estate financing platform in Europe by 2025. It will do so by offering the best quality digital experience for its borrowers and investors.
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 invest at an average historical interest rate of 11.8%. Throughout its history, there has been a €0 loss of capital. 41% of new investors come from referrals and 90% of the investors are repeat investors. One in two borrowers return to EstateGuru by taking out three loans in ﬁve years’ time on average.
90% of the company’s core processes are digitalised, making the company agile and efficient. In addition to this digitalisation, there’s also an ambitious data science roadmap and data science team in place to connect different service providers, SMEs and investors into one single marketplace. This offering is something unique that other financial institutions cannot provide — a seamless, cross-border and digital service for borrowers and investors.
Marek Pärtel, Co-Founder and CEO of EstateGuru comments: “We truly believe that alternative financing and the business model of EstateGuru is designed for the next wave of economic success. Entrepreneurs and investors need new solutions on how to grow their business and income. Back in 2008, when the idea of the EstateGuru was born, we were also going through turbulent times, much as we are now. That’s why EstateGuru was created in the first place — to have the business model for different business environments”.
Leading European venture capital fund Speedinvest continues to support EstateGuru in its growth ambitions. Speedinvest already backed many more successful European fintech companies, such as Wefox, Tide or Curve.
Tom F. Lesche, Principal at Speedinvest adds: “We feel it is more important than ever for small businesses to get fast and easy access to capital. That’s why EstateGuru will be a major beneficiary of the current market situation – while real estate will always be a safe haven in troubling times. So we see this as a massive market opportunity. And the team at EstateGuru is optimally positioned to seize it by having a deep understanding of real estate and digitising the loan process. For all of those reasons we’re backing the team on their mission to become the #1 real estate investment platform in Europe”.
For more information, visit: www.estateguru.co.