EstateGuru Launched its Third Market – Lithuania!

In March, EstateGuru funded its first Lithuanian investment opportunity on the platform and thereby launched in the Lithuanian market.

The leading Nordic peer-to-peer lending platform for property loans is ready for the Lithuanian market! CEO and co-founder Marek Pärtel comments: “Lithuanians are the third biggest community of investors at EstateGuru and now they have the chance to invest into loans closer to them and our international investor base have even more options for diversification. The burgeoning Lithuanian real estate market is stable and mature while small and medium sized businesses are still often underserved by the banking sector like in many other European countries. With businesses already familiar with the concept of P2P lending and have been utilising this option for some time, this represents a ripe opportunity for EstateGuru to join.“

The launch of the Lithuanian market established EstateGuru as the only peer-to-peer lending platform in the entire world to facilitate property-backed business loans in three countries. In addition to the newly added Lithuanian market, the company also provides secured real-estate loans in Estonia and Latvia, with several following destinations under preparation.

Marek Pärtel adds: “The platform has recently come through a series of major developments, including implementing the Auto Invest feature, launching the Latvian webpage, establishing a cooperation with one of the biggest software development companies in Eastern Europe, onboarding the first institutional investor and launching the Lithuanian market! In addition to the development process, EstateGuru will continue to offer the best solutions for its borrowers and great investment opportunities for its investors.“

Since 2014, EstateGuru’s more than 6500 investors from 39 countries have earned an average interest of 12.76% and over €20 million worth of loans has been funded. Largest investment portfolios on the platform exceed €1,000,000 and the investors have not lost a single euro on the EstateGuru platform throughout its entire history.