"Profitus" mobilized financing for the first project in Latvia

Profitus took its first step in Latvia. Started by mobilizing 25 thousand. Eur financing for the "Restaurant house "Mežliči" project. It took just 15 minutes.

"That's a good sign. During the three years of operation, we have developed the trust of investors in Lithuania, we also have permanent investors from abroad. We see that we can perfectly apply our experience gained in Lithuania to Latvia as well. A great start in the foreign market", - the founder and manager of Profitus, Viktorija Čijunskytė, optimistically evaluates the results of the project.

Foreign investors accounted for more than 5 percent of SFP Profitus. of all investors, have already raised over 1 million euros, and until now all NT projects financed through "Profitus" were in Lithuania.

"After observing the behavior and needs of investors, we realized that it is time to move forward and look for development opportunities in the region. And this means not only more investment opportunities for existing clients of the platform but also attracting new investors from abroad", says V. Čijunskytė.

There are currently more than 20,000 registered members on the Profitus platform. They have already raised more than 37 million in 3 years. EUR and investors earned EUR 1.6 million. EUR interest. During the first half of this year, Lithuanian residents and companies have already invested 10.2 million in real estate projects through "Profitus". euros. Compared to the beginning of 2020, investments have more than doubled, last year during the same period almost 4 million were mobilized. euros.

"We value successful results and are constantly looking for ways to provide investors with more investment opportunities under better conditions. As well as financing for a business that chooses us as a reliable financial partner", says V. Čijunskytė, head of Profitus.

The reliability of the platform is ensured not only by experience but also by the new EU crowdfunding directive - in November of last year, the requirements for SFP were unified throughout the territory of the community. International regulation also helps to ensure the safety of people's investments.

"Platform processes are responsibly supervised, activities are regulated and extremely orderly. We know that such strict and safe regulation does not work everywhere - investment safety is also ensured by the control of the Bank of Lithuania, with SFP being one of the strictest supervision conditions in the EU. Therefore, investing in crowdfunding platforms in Lithuania really pays off," adds V. Čijunskytė.

You can invest on the Profitus platform for just 100 euros. The return to the investor ranges from 5 to 14 percent. Every investment is safe because it is secured by the developers' assets.

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