EstateGuru has reported an 85 per cent annual boost to its loanbook during the third quarter of 2021.
The European peer-to-peer lender revealed that its loan volumes hit €52.6m (£44m) in the third quarter, up from €28.4m a year before.
Its revenues also rose 81 per cent annually to €1.9m, while it welcomed 8,586 new investors during the period, a third quarter update from EstateGuru said.
The German market was the biggest contributor to loan growth, accounting for €23.5m, followed by €13.4m from Estonia.
EstateGuru’s investors earned €4.1m of interest during the third quarter, compared with €2.7m a year before.
This was helped by more projects being financed, at 248 worth €52.6m compared with 194 worth €28.4m in the same period of 2020.
It comes after EstateGuru raised €5.8m from a series A funding round last month led by UK venture capital firm TMT Investments.
The successful series A fundraise followed an equity crowdfunding campaign on Seedrs in May, which raised €1.3m.
Chief executive Marek Pärtel said this would help boost the platform’s workforce.
“We have an ambitious technology and expansion roadmap for the next few years, and the success of this fundraising round will position us perfectly to deliver on this,” Pärtel said.
“We are overwhelmed by the talent we attract, we are hiring at least 10 new talents across Europe monthly.
“Our expansion plans are nicely backed with the best international talent as well as our ambitious technology roadmap.”