The amount of money raised by Profitus grew 5 times in 2019
Profitus, a real estate crowdfunding platform that has been operating for more than a year, in 2019. raised more than 7.6 million EUR and financed 47 projects.
It is estimated that the platform since its launch on August 8, 2018. raised a total of 9.7 million EUR and financed 58 projects. It is because of these achievements that eu-startup.com named Profitus as one of the ten most promising Lithuanian startups whose activities should be followed in 2020.
Profitus investors have already earned more than 380 thousand through the platform. Eur, and on average investors are offered to employ money through the platform with 10.53% annual interest.
Currently, Profitus has almost 5,638 registered investors, and the average loan-to-mortgage ratio (LTV) was only 51%.
Platform funding in 2019 pooled only for projects located in Lithuania but accepts investments from the entire European Union. Although Profitus offers the opportunity to invest from EUR 100, the average investor's portfolio currently stands at EUR 10,374 and the average investment is EUR 2,437.
in 2019 the average investment term was 11.34 months, and projects were financed in an average of 6 days.
Total Profits in 2019 received 113 applications for 42 million Euros but selected and financed only a part of them because business loans are issued only after a responsible assessment of the project and the project owner, and only if the project meets all the conditions is financing provided.