EstateGuru has reached the 50,000 investor milestone as it enters the final week of its crowdfunding campaign.
The European property peer-to-peer lender is already more than 200 per cent above its crowdfunding target on Seedrs and has reported a boom in investor registrations on its platform.
It said 12,952 new investors from 111 countries have joined EstateGuru since January 2020, taking it past 50,000.
The largest number of new investors joined from Germany – a market it only entered in March – making it the largest group overall at a total of 12,454, ahead of the Estonian community at 12,237 investors.
The platform has also paid out €15m (£13.4m) in interest payments.
“Now we can say that the deepest curve of the crisis is over for this time,” Marek Pärtel, co-founder of EstateGuru, said.
“Our investment volumes have almost reached the pre-crisis levels.
“All over Europe people tend to focus on saving and it’s quite probable that we will never go back to the consumption levels we used to have before the crisis.
“These sharp rises in savings suggest that consumers’ thrift could hinder chances of a consumption-driven recovery.
“At EstateGuru we see this as a major opportunity, as people need savings and stable investment solutions.
“I think that our successful campaign on Seedrs is also proof of that. We have one week to go and we’ve surpassed our minimum campaign target by 203 per cent thanks to 920 investors from 35 countries.”