EstateGuru passes €300m funding milestone

EstateGuru has funded more than €300m (£264.38m) of peer-to-peer loans as of the end of January.

The European P2P lending platform funded its first loan in January 2014, hit the €100m mark after five years in March 2019, then €200m 14 months later in May 2020.

Now, the third €100m has come just eight months later.

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“Reaching €300m in funding so soon after the €200m mark manifests investors’ increasing interest towards property-backed investment opportunities,” said Marek Pärtel, co-founder and chief executive of EstateGuru.

“If we look at investor growth over the past few months, in January we had a record number of new investors joining the platform – 4,081, and add in the fact that we have recently entered the German market, I am confident that the next €100m will come even faster.

“Our aim is to become the biggest real estate financing platform in Europe by 2025. Our rate of growth and the quality of our loan portfolio are the solid signs that we are moving towards that goal according to our plans.”

EstateGuru saw its lending volumes rise by 50 per cent year-on-year to €120.2m in 2020, boosted by a stellar performance in the fourth quarter in which loan volumes increased by 102.71 per cent from the same period in 2019.

The platform recently explained in a blog on its website the benefits that auto investment brings.

EstateGuru said that auto investing allows investors to diversify their portfolio whilst not missing out on loans that they would do if only manually investing.

The platform added that auto investment will also earn investors returns faster and more frequently by reinvesting money, according to their selected criteria, as soon as it becomes available in the portfolio.

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