EstateGuru saw its first-quarter revenues rise by 72 per cent and loan volumes rise by 70 per cent year-on-year, following a record month of investment in March.
The European peer-to-peer lending platform achieved loan volumes of €46.2m (£36.6m) and revenues of €1.6m, up from €27.2m and €930,000 respectively in the first quarter of 2020.
In March, EstateGuru’s investors financed €21.5m worth of loans, a monthly record on the platform.
The platform also benefited from 10,496 new investors in the first quarter, a 30 per cent increase from 8,092 new investors in the same quarter last year.
The largest number of new investors (2,123) came from Germany, followed by Estonia, Italy, Lithuania, Holland, Spain, and Portugal, with investors from another 108 other countries making up the total.
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EstateGuru’s investors earned €2.9m in interest during the first quarter, a €900,000 increase from €2m in the same quarter in 2020.
The platform financed 239 projects costing €46.2m during the first quarter compared to 204 projects worth €27.2m in the same period last year. The average return on repaid loans in the first quarter was 10.15 per cent.
“2021 is another year of significant importance for EstateGuru as we are moving towards servicing institutional investors as successfully as we do retail ones,” said Marek Pärtel, co-founder and chief executive of EstateGuru.
“Several flagship projects are being launched in the first half of the year which will provide a major boost for our roadmap.
“And in order to involve and engage with our retail investors, we are launching a second round of fundraising at Seedrs in May. In addition we continue our geographical expansion and will open two new markets this year.”