According to Gusto Germanavičius, the founder and manager of InRento, customers’ trust in the platform grows with each project. In October, the amount required for the projects was collected in record time – on average it took one day.
“Since the beginning of our activity, we have gathered a community of 25,000 investors. With them, we financed 143 projects for more than 33 million euros. During all this time, there was not a single unexecuted project, and the average annual investment return exceeded 12 percent. Customers’ trust and return to invest in new projects is a great appreciation for us and encourages us to continue working,” says G. Germanavičius.
In October, projects were financed in Lithuania and Poland.
“We are happy to offer projects to investors not only in Lithuania, but also abroad. In October, we started financing the conversion of a residential apartment building in Kalisz, Poland. Until 2024 InRento will provide 2.45 million EUR financing, and the remaining 1.05 million EUR will be given to the developer according to the stages of the construction work during the remaining period”, says G. Germanavičius.
According to the interviewee, expansion to foreign countries allows investors to diversify their portfolios and reduce risk, while maintaining relatively high returns. Currently, projects in Lithuania make up a larger part of InRento’s investment portfolio. However, it is planned that already in 2025 there will be more projects financed abroad than in the domestic market.
“We will finance most of the projects outside of Lithuania in neighboring Poland. We have been working there successfully since the beginning of 2023, so we understand the market accordingly and see great opportunities for growth. First of all, due to government incentives, favorable conditions are created for residents to purchase economy-class housing. This creates a high demand in the market. On the other hand, business bank financing for developers in Poland is expensive and slow, so the supply of projects is not sufficient. It is the interaction of these two elements that allows us to finance very liquid projects in Poland and ensure the right ratio of return and risk for investors”, says G. Germanavičius.
InRento was recently recognized as the best investment technology of 2024. at the European FinTech Awards in London. This win is already the second for the platform, which won this title for the first time in 2022.
Investing involves the risk of losing part or all of the invested amount, so it is recommended to diversify investments and invest responsibly.
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#Record #month #InRento #October #mln #EUR #financing #projects #Business
**Interview with Gusto Germanavičius, Founder and Manager of InRento**
**Editor:** Thank you for joining us today, Gusto. InRento has gained significant traction in the real estate crowdfunding sphere. Can you share how customer trust has evolved since your platform’s inception?
**Gusto Germanavičius:** Thank you for having me! Customer trust in our platform has indeed grown tremendously with each successful project we’ve launched. In October, we achieved an incredible milestone by collecting the necessary funds for our projects in record time—averaging just one day. This level of trust is reflected in the fact that we now have a community of 25,000 investors who have collectively financed 143 projects worth over 33 million euros.
**Editor:** That’s impressive! What has contributed to these positive outcomes?
**Gusto Germanavičius:** One key factor is our track record; we have not experienced a single unexecuted project to date. Additionally, our investors have benefited from an average annual investment return exceeding 12 percent. This consistent performance inspires our investors to return and participate in new projects, which is incredibly rewarding for us.
**Editor:** In terms of project locations, I understand you’ve recently expanded into Poland. Can you tell us more about that?
**Gusto Germanavičius:** Yes, we are thrilled to extend our offerings beyond Lithuania. In October, we began financing the conversion of a residential apartment building in Kalisz, Poland. We’re providing 2.45 million euros in financing, with the remaining funds to be released to the developer as construction progresses. This expansion not only broadens our portfolio but also allows our investors to diversify and reduce risks while still enjoying relatively high returns.
**Editor:** With this international focus, how do you see the future of InRento in terms of project distribution?
**Gusto Germanavičius:** Currently, our investment portfolio is more heavily weighted towards Lithuania, but we plan to shift this balance. By 2025, we expect to finance more international projects than domestic ones. This strategic growth will enhance our investors’ opportunities and help mitigate risks associated with any single market.
**Editor:** It sounds like exciting times ahead for InRento! Thank you for sharing these insights, Gusto.
**Gusto Germanavičius:** Thank you for having me! We look forward to continuing our journey and serving our community of investors.
