EstateGuru has appointed Aleksandrs Mežapuķe as its country head of Latvia and has promoted Dainis Rupainis to business development manager in the country.
Rupainis has worked at EstateGuru since 2016, first as a business development manager for Latvia then as country head of Latvia.
Meanwhile, Mežapuķe joins from R.Evolution City, a premium and luxury residential real estate developer in Latvia, where he served as chief executive for a few years.
He specialises in real estate and banking, having gained over seven years of experience at Rietumu Bank JSC in the corporate finance and real estate departments.
EstateGuru’s appointments come as the peer-to-peer property lending platform, headquartered in Estonia, plans to expand into other European countries this year.
“We see the need for alternative financing globally and EstateGuru aims to play a key role in the development of this category by becoming the largest real estate financing platform in Europe by 2025,” said Mihkel Stamm, chief operating officer of EstateGuru.
“EstateGuru is on the verge of a substantial breakthrough in geographical expansion and capital markets development. At the same time we are also strengthening our position in the Baltics, which is where we started the company.
“We are witnessing several market changes and developments which support the progress of the alternative financing industry in the region.
“In order to gain the maximum out of this situation, we need talented and professional people to complement our team.
“I’m delighted to welcome Aleksandrs as the new country head of Latvia.”
“I’m delighted to join the largest property marketplace in Continental Europe and represent one of the most respected and trustworthy platforms,” said Mežapuķe.
“The Latvian market has witnessed several scam-schemes in the industry this year, and I consider it my mission to educate the market about the opportunities provided by trustworthy alternative financing.
“Our business loans, development loans and stage loans will help scores of SMEs and young entrepreneurs to build their businesses while providing the opportunity to invest in loans which are backed by the first rank mortgages to investors everywhere.”