Gathering data

Evoestate Review

Evoestate Statistics

EE
  • Business name: Evoestate
  • Legal name: OÜ EvoEstate
  • Jurisdiction: Estonia
  • Type: Crowdfunding
  • Average score:
    3 / 5
Promised annual return

11.0 %

Sneakypeer scoring

5.3

Transparency

62%

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

Evoestate Description

General Information

EvoEstate is an Estonian based crowdfunding aggregator platform, which was founded in 2019. The platform offers one loan type, which is real estate loans. There are many crowdfunding platforms such as Reinvest24, Brickstarter and Rendity that investors can invest on those platforms’ projects.

Board & Team

EvoEstate publishes information about its executives and advisors. Executives and Advisors of the platform are experienced professionals in financial industries with strong academic backgrounds, which makes investing through the platform more reliable.

Financial Analysis

The platform does not publish its annual reports, historical loan books and statistical numbers on their web page. Publishing annual reports and historical loan books help investors to do risk analysis and make sound decisions, and also bring transparency to the platform. However, the platform’s latest annual report-2019- can be found on the official sources. From the latest financial statements of EvoEstate, it can be said that the platform did not have good liquidity as the quick ratio was slightly below 1. As the platform is new-just founded in 2019, so there is nothing a lot to talk about.

Platform’s Score and Uniqueness

EvoEstate offers a secondary market and autoinvest to investors. There is no buyback guarantee, but there is collateral to the payment of loans depending on the loan type. The average LTV is below average. The promised return is about 11% on average per year, which is above the market average return and not justified on their webpage. Investing through the platform is free of charge. 

Conclusion

EvoEstate, an Estonian crowdfunding aggregator platform with the promised return of almost 11% on average annually was founded in 2019. EvoEstate’s team is made of experienced professionals in the financial sectors. The team’s experience brings transparency and trust to the platform. Autoinvest, withdrawal and secondary market features are available through the platform and there is collateral to the payment of loans. EvoEstate does not publish its annual reports, historical loan books and statistical figures on the web page. However, the latest annual report is available on the official sources, and it can be said that the platform had liquidity problems in 2019.