EstateGuru is set to begin lending in Finland from next month.
The Estonia-based peer-to-peer property lender already lends in Estonia, Latvia, Lithuania, the UK, Germany and Spain.
“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,“ Matti Vansén, country head of Finland for EstateGuru, said.
“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.”
Marek Pärtel, chief executive of EstateGuru, said the move, just months after the platform entered the German market, helps the platform move closer towards its aim of becoming the largest real estate investing platform in Europe.
“EstateGuru’s objective is to become the largest real estate financing platform in Europe by 2025,” he said.
“We will do so by investing in service quality and transparency. We truly believe that alternative financing and the business model of EstateGuru is designed for the next wave of economic success.
“Along with our market expansion, we always look forward to recruiting local experts, since we wish to share the local language together with authorities and our customers.
“Looking from Estonia, Finland is a natural expansion to us and a significant part of our international business development.”