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HomePeer to Peer LendingEstateguru hits €100M for loans financed in Lithuania

Estateguru hits €100M for loans financed in Lithuania


Estateguru, the main actual property financing and investing platform in Europe, has financed loans within the quantity of €100M in Lithuania and €580M throughout the group.

Lithuania adopted Estonia and Latvia because the third market the place Estateguru began to efficiently function in 2017. Two years later, Estateguru was formally listed as a crowdfunding operator in Lithuania by the Financial institution of Lithuania. Inside 5 years of launching its operations within the nation, Estateguru has financed 298 tasks within the quantity of €100M. Estateguru has 7125 traders with a mean historic invested quantity of €15276 in Lithuania.

“Though we began as a really focussed native participant, we see that the enterprise ambitions of our native entrepreneurs have grow to be extra worldwide in time and we see that our enterprise mannequin can actually foster their undertakings. Estateguru is joyful to offer steering and assist with discovering each appropriate companions and financing. I’m happy with our achievements right here and the extremely skilled crew now we have constructed. We witnessed actually excessive dedication and belief from our traders in keeping with the outcomes of our investor survey executed in Could this 12 months”, commented Arturas Konusevicius, Estateguru’s nation supervisor for Lithuania.

Marek Pärtel, Co-founder and Chairman of Estateguru, says: “Lithuania has been one of the profitable working nations within the Estateguru Group, delivering fixed double-digit returns to our traders since we launched in 2017. Lithuania is a booming fintech centre with huge progress potential. Establishments would profit from having publicity to this jurisdiction by becoming a member of our Senior Secured Credit score Fund, of which the European Funding Fund (EIF) is a cornerstone investor. Our stable first quarter outcomes and report degree of belongings underneath administration display that, even in a difficult atmosphere, the demand for various financing stays unchanged. Now greater than ever, SMEs throughout Europe are in search of versatile financing choices and dependable companions, who perceive the specifics of the true property enterprise.”

For extra data, please go to: www.estateguru.co.

Press Contact:

Piret Reinson, Head of Advertising and Communication: piret.reinson@estateguru.co, +372 510 1984

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