Fintown has hit the €1m (£858,000) funding milestone, since launching earlier this 12 months.
“To all our traders, companions, and everybody who supported us throughout our early phases and made the inaugural funding on this novel platform: a heartfelt THANK YOU!” the European peer-to-peer property lending platform mentioned.
“We’re dedicated to repeatedly incomes your belief and enhancing our providers and options.”
The landmark comes after Fintown just lately revealed that its portfolio worth reached €826,756 final month, with no late loans or defaults.
Fintown, which is planning to launch an auto-invest characteristic quickly, additionally highlighted final month that its customers are selecting to maintain their cash invested within the platform.
Learn extra: Fintown launches new improvement product
“With our Flexi product, traders have the flexibleness to withdraw each their principal and curiosity,” Fintown mentioned.
“Nevertheless, we’ve noticed that they’ve chosen to not. This means that the beforehand invested quantities stay intact, and curiosity continues to be paid out month-to-month. We consider this demonstrates our traders’ satisfaction with our choices.”
Fintown has raised €3m up to now and funded 17 loans, in accordance with its web site.
Learn extra: Fintown launches investor incentive scheme