TGS Baltic advised EstateGuru in securing its first institutional credit line with Varengold Bank

05 / 18

The firm's banking and finance team led by partner Marko Kairjak advised EstateGuru in signing its first institutional credit line with German-based Varengold Bank AG. EstateGuru, European leading cross-border marketplace for short-term property loans has secured its first institutional credit line to be invested into loans originated in the Baltic market.

“Establishing the cooperation is a proof of having found a mutually beneficial cooperation model between a traditional financial institution and a fintech company. The cooperation with Varengold Bank and other institutional investors enables EstateGuru to grow faster by offering a wider variety of property backed loans to our entire investor base and raise the flexibility of loan terms to our borrowers. It is an important milestone for EstateGuru in moving closer to our goal of becoming the leading provider of flexible property backed finance solutions in Europe,” commented EstateGuru CEO and co-founder Marek Pärtel.

EstateGuru, established in 2014, is one of the largest real estate crowdfunding platforms in Scandinavia, it has more than 11 600 investors from 45 countries and has already issued loans amounting to over 52 million euros. EstateGuru currently has offices in Estonia, Latvia, Lithuania and UK, and has set the goal for the next European markets to establish its Pan-European reach in coming years.

Varengold Bank AG, founded in 1995 as an asset management boutique and granted a commercial banking license in 2013, is a German private bank headquartered in Hamburg. It is the leading provider of products and services to the Marketplace Lending Industry. Varengold Bank AG has been listed at Deutsche Börse in Frankfurt.

On the same topic

EstateGuru blog: EstateGuru secures its first institutional credit line from a German bank
PZP Banking: German Varengold Bank Provides Credit Line to Estateguru
Peer2Peer Finance News: EstateGuru secures institutional credit line for Baltic loans
Kinnisvarauudised: EstateGuru signed institutional credit line (in Estonian)


Marko Kairjak
Elina Varendi