Gathering data

Brickstarter Review

Brickstarter Statistics

EE
  • Business name: Brickstarter
  • Legal name: OÜ Brickstarter
  • Jurisdiction: Estonia
  • Type: Crowdfunding
  • Average score:
    0 / 5
Promised annual return

5.0 %

Sneakypeer scoring

4.0

Transparency

57%

Secondary Info
  • Total invested: Unknown
  • Buyback guarantee: No
  • Secondary market: No
  • Licensed: No
Loan Types
Real estate loans
Main loan type

Brickstarter Description

General Information

Brickstarter is a crowdfunding platform based in Estonia, founded in 2019. The platform only offers one type of loan, which is real estate loans. There is no information about how much has been invested into the projects yet through the platform. Almost all the projects are located in Spain with a minimum investment of EUR 50. 

Board & Team

The platform provides information about the management team on their web page. The team consists of experienced professionals from academic backgrounds related to the financial industry, such as Finance and Economics. The CEO, Jose Maria Pascual, has years of experience in the real estate and financial industries. The team members, who are mentioned on the web page, are all from Spain.

Financial Analysis

Brickstarter does not publish its annual reports on its web page. There are no statistics and historical loan books available on their web page. Availability of financial figures, historical loan books bring trust and make the platform more transparent as investors can see the financial health and performance of the platform. Thus, it would help Brickstater to attract investors and build trust if they publish its annual reports and historical loan books.

Platform’s Score and Uniqueness

The platform does not offer a buyback guarantee and personal guarantee to the payment of loans. However, there is collateral to the payment of a loan. Brickstarter does not provide auto-investment and a secondary market. The chance of investment diversification through Brickstarter and the promised return is 5%, which is also justified on their web page. The projects are almost all in Spain, and team members are also from Spain. It can be said that most probably, for some reason, the owners decided to found the platform in Estonia, not in Spain. There is also a conflict of interest between the investment projects and the platform’s owners, as the platform only sells loans issued by subsidiaries. The platform representatives and the company itself can not be found in the registered/stated address, which can be a potential red flag.

Conclusion

Brickstarter, a crowdfunding platform based in Estonia, offers real estate investment projects mainly in Spain with the promised return of 5%. Platform’s team consists of experienced Spanish professionals who have worked in the financial industry for several years. Brickstarter collateral to the payment of loans. The platform does not publish its annual reports and historical loan books on its web page. Brickstarter representatives and the company itself can not be found in the registered address considered a potential red flag.