Estateguru finances €16.7m of loans in March 2022

By Joy Dumasia

Estateguru Group, the property investment and financing platform, reveals it financed €16.7 million worth of loans in March 2022 alone, bringing the total amount of financed loans to over €555 million. 

While showing a slight decrease compared to February (€17.3M), the overall amount for Q1 2022 surpassed that of the same period in 2021 by 9% and, despite the current macroeconomic circumstances and market volatility causing some hesitation among investors, Estateguru has seen a 27% increase in revenue compared to Q1 2021. This shows a clear year on year growth for the Estonian based FinTech and demonstrates the high demand for alternative lending across Europe. 

In addition, the platform welcomed over 4,000 new investors, amounting to nearly a quarter of the total number of new investors for the whole of Q1 (16,300). This growth trajectory is set to continue following the onboarding of Judith Tan, Head of Capital Markets, earlier this year, who will focus on providing institutional investors access to the European SME property lending market that is estimated to be worth €400 billion. 

Marek Pärtel, Co-Founder and Chairman at Estateguru, commented: “The figures we have seen in March, and indeed the whole of Q1, are promising and set us on a good path for achieving our ambitious growth target to triple in size this year. Similarly, strong debt management across the board, particularly in Estonia, has reduced the default rate to 5% to bring it in line with our long-term targets. 

Hopefully, with an increased focus on institutional investment over the next few months, we’ll see more growth in the coming months and can help even more SMEs take advantage of alternative lending options currently still a mostly untapped opportunity.”

Recently, IBS Intelligence reported that Estateguru, a pioneer in online financing for SMEs (small and medium-sized enterprises) in Europe, is preparing to launch a diversified credit fund for institutional investors.