Estateguru to launch new investment portal as it eyes profitability

European peer-to-peer lending platform Estateguru will launch a new investment portal in the coming months, as it targets profitability by the end of the year.

The platform is currently in the testing phase for the new portal. When launched, a series of new investment products will also be introduced. Estateguru also plans to release a dedicated investment app to “improve accessibility and convenience” for investors.

“All these new tools are developed with one key focus in mind: to develop even further the user experience for all Estateguru investors,” said Mihkel Stamm, chief executive of Estateguru.

Read more: Estateguru saw more than €100m invested into 430 projects last year

“At the same time we will maintain our commitment to delivering high-quality fixed-interest returns from real estate investments by operating sustainably, bringing high-quality projects to our platform, and ensuring effective recoveries.”

In a mid-year update, Stamm also repeated his aim of making the platform profitable this year.

He told investors that since the platform’s launch in 2014, it has facilitated more than €815m (£685m) in investments. Of this amount, more than €550m has been repaid, and investors have received more than €80m in returns.

Read more: Estateguru investors earned 9.5pc in December

Its annual interest rates have remained steady at an average of 10 per cent throughout the platform’s 10-year history.

Stamm added that during the first half of 2024, Estateguru has seen steady monthly loan volumes, consistent repayments, and the successful funding of outstanding projects.

He also reported increased activity from large new investors, who contributed investments ranging from €50,000 to €200,000 per project.

Read more: EstateGuru warns some German recoveries may take two years