European peer-to-peer lending platform Estateguru will launch a brand new funding portal within the coming months, because it targets profitability by the top of the 12 months.
The platform is at present within the testing part for the brand new portal. When launched, a collection of recent funding merchandise may also be launched. Estateguru additionally plans to launch a devoted funding app to “enhance accessibility and comfort” for traders.
“All these new instruments are developed with one key focus in thoughts: to develop even additional the person expertise for all Estateguru traders,” mentioned Mihkel Stamm, chief government of Estateguru.
Learn extra: Estateguru noticed greater than €100m invested into 430 initiatives final 12 months
“On the similar time we are going to preserve our dedication to delivering high-quality fixed-interest returns from actual property investments by working sustainably, bringing high-quality initiatives to our platform, and making certain efficient recoveries.”
In a mid-year replace, Stamm additionally repeated his goal of creating the platform worthwhile this 12 months.
He instructed traders that because the platform’s launch in 2014, it has facilitated greater than €815m (£685m) in investments. Of this quantity, greater than €550m has been repaid, and traders have acquired greater than €80m in returns.
Learn extra: Estateguru traders earned 9.5pc in December
Its annual rates of interest have remained regular at a mean of 10 per cent all through the platform’s 10-year historical past.
Stamm added that throughout the first half of 2024, Estateguru has seen regular month-to-month mortgage volumes, constant repayments, and the profitable funding of excellent initiatives.
He additionally reported elevated exercise from massive new traders, who contributed investments starting from €50,000 to €200,000 per challenge.
Learn extra: EstateGuru warns some German recoveries could take two years
