€101.9m (£87m) was invested through European peer-to-peer lending platform Estateguru last year, funding 430 projects.
The Estonia-headquartered platform, which specialises in originating property-backed business loans, said that retail investors contributed €92.7m last year while institutions made up the remaining €9.2m.
The average return on investment was 9.7 per cent, and the total amount repaid to investors exceeded €140m.
In total, 29,890 unique investors made investments on the Estateguru platform in the past year, with over three thousand of them doing so for the first time.
“The true value of the crowdfunding model is vividly demonstrated by the fact that more than a third of investments are in the range of €50 to €100,” said Estateguru chief executive Mikhel Stamm.
“No individual retail investor could place such small amounts individually as collateral for real estate, but collectively, they can.”
German investors channelled the most funds into Estateguru’s platform last year, totalling €31m. This was followed by €16.7m from Estonian investors, €7.2m from Czech investors, €7.1m from those based in Lithuania and €4.2m from Swiss investors.
The average loan size last year was €231,000, while the largest project was in Estonia and was funded in nine stages, totalling €4.2m.
Approximately 60 per cent of all investments were made using the auto-invest function, a 20 per cent increase on 2022.
“The continued growth in the share of automatic investments shows that customers trust the platform and appreciate the projects we offer,” said Stamm.
“They are willing to reinvest funds from successfully completed investments on our platform immediately. We are very grateful for the faith they have shown in us.”
Stamm also revealed that the platform attracted a record amount of investments in December, with Estateguru users allocating more than €1m to projects on two consecutive days.