EstateGuru, a cross-border marketplace for short-term property backed SME loans, has announced a series of executive appointments in line with its expansion strategy in Latvia.

EstateGuru is strengthening its Group Sales function by appointing current Country Head of Latvia, Dainis Rupainis, to the position of Business Development Manager and named Aleksandrs Mežapuķe as the new Country Head of Latvia.

Mr. Mežapuķe is an expert in real estate and banking. He gained over 7 years of experience at Rietumu Bank JSC in the Corporate Finance and Real Estate departments. For the last few years he was the CEO of R.Evolution City, which is a premium and luxury residential real estate developers in Latvia.

“I’m delighted to join the largest property marketplace in Continental Europe and represent one of the most respected and trustworthy platforms. The Latvian market has witnessed several scam-schemes in the industry this year, and I consider it my mission to educate the market about the opportunities provided by trustworthy alternative financing. Our business loans, development loans and stage loans will help scores of SMEs and young entrepreneurs to build their businesses while providing the opportunity to invest in loans which are backed by the 1st rank mortgages to investors everywhere,”

added Aleksandrs Mežapuķe.

Since 2014, EstateGuru has expanded to offer investments in seven countries, facilitating more than €235M worth of loans and rewarding its 57 000 investors with €17M in interest payments.