Estateguru Gets New Chief Executive
Mihkel Stamm, CEO of Estateguru, Europe's largest real estate-backed lending platform, is stepping down, with Daniil Aal, the former head of business operations, taking over as the new CEO. The company will focus in the coming years on expanding its loan portfolio, product innovation, and profitable growth in its core market in the Baltics, where Estateguru already holds a leading position.
Estateguru CEO Mihkel Stamm informed the company's board and management of his desire to pursue new challenges. Stamm has worked at Estateguru for 8 years, initially in business processes and later as CEO. During his leadership, the volume of financed loans has grown from 16 million to 895 million, operations have expanded across Europe, and the company has become a top player in its field.
According to Daniil Aal, who is taking on the CEO role, Estateguru has developed over the years into a mature and recognized player in both alternative financing and real estate. "Although the broader economic environment continues to present challenges, our direction is clear. We are focusing on our core business, which is providing flexible loans to businesses and real estate developers, and creating attractive investment opportunities with good returns for investors," Aal outlines the plans.
According to him, new products and cooperation projects can be expected in the coming months. "My goal is to keep the company profitable, strengthen our position in the Baltics, and create valuable partnerships with institutional investors across Europe.
According to Mihkel Stamm, the company is ready for a new rise and a leader to drive the growth cycle forward. "Estateguru has been successfully restructured in recent years to support sustainable and profitable growth," explains Mihkel Stamm. "In 2024, we achieved profitability for the first time in the company's history, and that remains our goal. Over more than ten years of operation, we have proven ourselves to be a strong partner to both investors and real estate developers – we are able to remain viable even in difficult times and maintain our focus," reflects Stamm.
In total, investors from more than 100 countries have financed loans through the Estateguru platform worth 895 million euros and earned 92 million euros in interest income in the process. In just the last two and a half years alone, investors have provided 215 million euros in real estate-backed loans, this loan portfolio is in good condition, and investors' average annual return remains close to 10%.
*Formally, the changes to the management of Estateguru OÜ will be implemented after the completion of the Financial Supervisory Authority's approval process.
About the Company Estateguru is Europe's leading real estate lending platform, providing real estate-backed loans to businesses and attractive returns to thousands of investors in financing these loans.
By bringing together developers and investors, projects become reality that make our living environment more modern, more energy-efficient, and more attractive.
Estateguru has helped realize more than 7,000 real estate projects, financing them with a total of more than 895 million euros. The platform has been joined by more than 164,000 investors from more than 100 countries, and the average historical return for investors has been 10.08%.
Estateguru holds a crowdfunding service provider operating license issued by the Financial Supervisory Authority, which allows it to provide services throughout the European Union.
