Lithuanian crowdfunding platform InRento has reported “fast progress” this yr, because it eyes additional abroad growth in 2025.
The agency has funded greater than €35m (£29.1m) of buy-to-let tasks since launching in 2020, having financed the newest €5m of investments in simply over two months. Gustas Germanavičius, founder and chief govt of InRento, mentioned this uptick in tempo “demonstrates rising investor confidence and curiosity within the platform’s alternatives”.
InRento has been increasing abroad to help its progress plans, having entered its third market, Eire, this yr.
Learn extra: InRento turned worthwhile final yr
It’s now concentrating on additional progress in Poland, the primary promote it expanded into outdoors of Lithuania.
“The Polish market is particularly essential for our growth technique,” mentioned Germanavičius in an article on the agency’s web site.
“We started operations there in early 2023, and most of our tasks outdoors Lithuania are financed in Poland. This yr, investments attracted in Poland exceeded €4m, showcasing our means to capitalise on market alternatives and supply buyers excessive returns. Nevertheless, we imagine there may be nonetheless appreciable room for progress.”
Learn extra: InRento bullish on Polish P2P market
He added that over 50 per cent of the corporate’s tasks financed subsequent yr might be overseas, with a view to diversifying its funding portfolio.
InRento opened its first abroad workplace in Warsaw, Poland, earlier this yr.
“Our purpose, each in Lithuania and overseas, is to recruit high consultants with in depth expertise in monetary markets. We intention to additional strengthen our place in Poland subsequent yr, which can drive the expansion of our Warsaw workplace”, mentioned Germanavičius.
Learn extra: BTL crowdfunding platform InRento beneficial properties pan-EU licence
InRento was the EU’s first licensed buy-to-let funding platform. It acts as an middleman, permitting buyers to earn hire and capital beneficial properties from properties, with a minimal funding of €500. The overwhelming majority of properties funded by InRento are within the residential sector, with industrial properties, accommodations, and medical properties making up the rest of the mortgage portfolio.
The agency has financed 178 tasks, with a median annual return of greater than 12 per cent. It now has greater than 25,000 registered buyers.
