23 July 2020
EstateGuru, a marketplace matching property-backed loans with individual investors has chosen Lemonway has payment service provider to facilitate its expansion across Europe. EstateGuru is working on “developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond.
“We are expanding to several new European countries in 2020. To be fully compliant with the regulatory requirements in all of the operating countries, and to offer our investors the best possible service, we will start using a licensed payment service provider for storing funds differently from the current set-up. I’m pleased to announce that we’ve found the best possible partner in Lemonway, the pan-European payment institution whose solution is trusted and used by over 1,400 websites in Europe, including 200 crowdfunding platforms”, commented Marek Pärtel, co-founder and CEO of EstateGuru.
For investors, this means they’ll receive a personal virtual IBAN in Lemon Way, transaction matching will be improved, and money will move faster. All processes will also be in accordance with the required procedures for the protection of client funds regarding the provision of payment services. The migration will happen over several phases. During the first phase, investors from Lithuania will be migrated to Lemonway.
“We are proud to partner with EstateGuru, the leading European marketplace for short-term, property-backed loans already active in seven countries. Supporting EstateGuru payment operations, we totally deliver our mission which is to facilitate and secure transactions carried out on the marketplace for each of the stakeholders (investors, borrowers, marketplace). PSD2 requires to be precise and agile, and working with EstateGuru has been fantastic as as they needed a partner who can adapt to the intricacies of regulations in Europe ” Antoine Orsini, Co-founder and CEO of Lemonway.
