Property investment and financing platform Estateguru Marketplace has launched in the UK and opened a base in Manchester.
Founded in Tallinn, Estonia in 2013, Estateguru has funded over €500 million in loans to 3,000 development projects and business plans across Europe.
It hit the €100 million lending mark in 2019 and has grown exponentially since, breaking half a billion in loans in January of this year.
The technology firm plans to start facilitating loans for SMEs once fully FCA approved, beginning in the North West region before expanding its services across the country, with a London office also in the pipeline.
It also recently opened an office in Berlin, Germany.
“Estateguru Group has an outstanding track record across Europe and one I am confident we can replicate here in the UK,” said MD Ross Gandy.
“Our offering is two-fold – not only do we offer an accessible route into real estate for retail investors, and a reliable source of investment for large institutions, but our ability to provide competitive alternative finance options to SME borrowers is absolutely crucial in supporting innovative development projects that ultimately have a positive impact on the region and the local people.”