Fintown

Fintown, founded in 2022, is a platform by the established property development and investment company Vihorev Group based in Prague, Czech Republic. Fintown is a real estate crowdfunding platform. Investors with an EU bank account denominated can participate in property development and rental projects in the Prague region. Since 2023, Fintown has raised more than €10.21 million, averaging a monthly volume of €0.68 million.^[1] The platform boasts a community of 4,014 investors.^[2]

• Fintown offers two types of loans: property development and rental projects.
• The minimum investment is set at €1 and interest rates vary between 7% to 14%.
• Loans are a financing source to Vihorev Group/Fintown that issues loans backed by collateral to property development companies of durations from 1 month to 3 years.
• A secondary market is not available. However, Fintown offers an early investment exit program.

Fintown serves as the bridge between crowdfunding investors and Vihorev Group, which acts as the borrower in various real estate projects in the Czech Republic. Investors make loan agreements with Fintown, which then acts as a lender to Vihorev Group. Fintown operates as an investment platform, linking its crowdfunding lenders with real estate companies of the Vihorev Group, its sister company.

Investments start from a minimum of €1, with loan durations ranging from 1 month to 3 years.^[3] Investors can choose between two loan types:

• Rental Product: Monthly interest payments, with the principal repaid at the end of the term.
• Property Development Product: Full bullet loan structure, where both interest and principal are repaid in a single lump sum at the end of the term.

The loans are contractually to Fintown, which then issues a loan to a developer covered with real estate as collateral. There is no legally established relationship between Fintown's investors and Property Project developers, meaning investors cannot make a direct claim against the borrower and are essentially lending money to Fintown.^[4] The platform or Vihorev Group co-invests about 31% of its funds in every deal alongside lenders.^[5]

Fintown does not offer an auto-invest feature or a secondary market but provides an Early Investment Exit program. To sell an investment, investors must formally contact Fintown and pay an early exit fee.^[6] This involves forfeiting unpaid interest and accepting a principal discount based on the holding period:

• 30% discount for 1–12 months
• 20% discount for 13–24 months
• 10% discount for 25–36 months

Fintown offers interest rates between 7% and 14%. The platform has funded 91+ projects, paid €517,085 in interest, and returned over €4.5 million in principal to investors, all without payment delays or defaults.^[7]

Fintown does not impose direct fees on investors. The platform does not disclose how it generates revenue, but given that borrowers’ loan agreements are facilitated by its sister company, Vihorev Group, it is safe to assume that the group generates revenue from the spread or on the real estate development.

Fintown was co-founded by Maxim Vihorev and Vladislav Siganevic. Maxim Vihorev, who serves as the CEO, is also the founder of Vihorev Group, Fintown’s sister company involved in the Czech real estate scene since 2015. With a presence in the Czech real estate market since 2008, he has been actively engaged in property sales and management in the Prague region. His involvement in residential development dates back to 2014. Vladislav Siganevic is an accomplished fintech entrepreneur. Before co-founding Fintown,  he played a pivotal role in the consumer lender Creamfinance.

Maxim Vihorev, owner of Vihorev Group, founded Fintown s.r.o. The platform operates under his leadership. It is bootstrapped by the parent company and has not sought any external funding to date.^[8]

Fintown has not released its financial statements, but the Vihorev Group has shared its total assets since 2015. Over the past eight years, the group has achieved a Compound Annual Growth Rate (CAGR) of 36.4%. Starting with assets under CZK 200 million in 2015, the value has grown to over CZK 1.2 billion, equivalent to a rise from €8.1 million to €48.9 million.^[9]

The Vihorev Group is celebrating another successful year, with key highlights including the opening of its flagship Honest Ricany project, which features 140 serviced apartments and coworking spaces and has already attracted strong interest. The Honest Karlin project continues to perform well, with high occupancy rates. During summer 2024, the company made its largest interest payout to date. Additionally, Vihorev Group hosted an exclusive event for industry experts, offering a tour of its properties.^[10]

1. P2PMarketData: “Fintown Statistics”
2. Fintown: “Homepage - Investors and Growing”
3. Fintown: “Investment Opportunities”
4. Fintown: “General Terms and Conditions For Loan Participations (GTCPL)”
5. Fintown: “About us - 31% - the average Skin in the game”
6. Fintown: “Early Investment Exit Program”
7. Fintown: “Statistics - Outstanding Portfolio - In default / Late”
8. Czech Republic Business Register: “Fintown s.r.o”
9. Vihorev Group: “About Us - Growth in the value of Vihorev Group’s total assets”
10. Fintown: “Blog - Summer Investors Report 2024”

Fintown, founded in 2022, is a platform by the established property development and investment company Vihorev Group based in Prague, Czech Republic. Fintown is a real estate crowdfunding platform. Investors with an EU bank account denominated can participate in property development and rental projects in the Prague region. Since 2023, Fintown has raised more than €10.21 million, averaging a monthly volume of €0.68 million.^[1] The platform boasts a community of 4,014 investors.^[2]

• Fintown offers two types of loans: property development and rental projects.
• The minimum investment is set at €1 and interest rates vary between 7% to 14%.
• Loans are a financing source to Vihorev Group/Fintown that issues loans backed by collateral to property development companies of durations from 1 month to 3 years.
• A secondary market is not available. However, Fintown offers an early investment exit program.

Fintown serves as the bridge between crowdfunding investors and Vihorev Group, which acts as the borrower in various real estate projects in the Czech Republic. Investors make loan agreements with Fintown, which then acts as a lender to Vihorev Group. Fintown operates as an investment platform, linking its crowdfunding lenders with real estate companies of the Vihorev Group, its sister company.

Investments start from a minimum of €1, with loan durations ranging from 1 month to 3 years.^[3] Investors can choose between two loan types:

• Rental Product: Monthly interest payments, with the principal repaid at the end of the term.
• Property Development Product: Full bullet loan structure, where both interest and principal are repaid in a single lump sum at the end of the term.

The loans are contractually to Fintown, which then issues a loan to a developer covered with real estate as collateral. There is no legally established relationship between Fintown's investors and Property Project developers, meaning investors cannot make a direct claim against the borrower and are essentially lending money to Fintown.^[4] The platform or Vihorev Group co-invests about 31% of its funds in every deal alongside lenders.^[5]

Fintown does not offer an auto-invest feature or a secondary market but provides an Early Investment Exit program. To sell an investment, investors must formally contact Fintown and pay an early exit fee.^[6] This involves forfeiting unpaid interest and accepting a principal discount based on the holding period:

• 30% discount for 1–12 months
• 20% discount for 13–24 months
• 10% discount for 25–36 months

Fintown offers interest rates between 7% and 14%. The platform has funded 91+ projects, paid €517,085 in interest, and returned over €4.5 million in principal to investors, all without payment delays or defaults.^[7]

Fintown does not impose direct fees on investors. The platform does not disclose how it generates revenue, but given that borrowers’ loan agreements are facilitated by its sister company, Vihorev Group, it is safe to assume that the group generates revenue from the spread or on the real estate development.

Fintown was co-founded by Maxim Vihorev and Vladislav Siganevic. Maxim Vihorev, who serves as the CEO, is also the founder of Vihorev Group, Fintown’s sister company involved in the Czech real estate scene since 2015. With a presence in the Czech real estate market since 2008, he has been actively engaged in property sales and management in the Prague region. His involvement in residential development dates back to 2014. Vladislav Siganevic is an accomplished fintech entrepreneur. Before co-founding Fintown,  he played a pivotal role in the consumer lender Creamfinance.

Maxim Vihorev, owner of Vihorev Group, founded Fintown s.r.o. The platform operates under his leadership. It is bootstrapped by the parent company and has not sought any external funding to date.^[8]

Fintown has not released its financial statements, but the Vihorev Group has shared its total assets since 2015. Over the past eight years, the group has achieved a Compound Annual Growth Rate (CAGR) of 36.4%. Starting with assets under CZK 200 million in 2015, the value has grown to over CZK 1.2 billion, equivalent to a rise from €8.1 million to €48.9 million.^[9]

The Vihorev Group is celebrating another successful year, with key highlights including the opening of its flagship Honest Ricany project, which features 140 serviced apartments and coworking spaces and has already attracted strong interest. The Honest Karlin project continues to perform well, with high occupancy rates. During summer 2024, the company made its largest interest payout to date. Additionally, Vihorev Group hosted an exclusive event for industry experts, offering a tour of its properties.^[10]

1. P2PMarketData: “Fintown Statistics”
2. Fintown: “Homepage - Investors and Growing”
3. Fintown: “Investment Opportunities”
4. Fintown: “General Terms and Conditions For Loan Participations (GTCPL)”
5. Fintown: “About us - 31% - the average Skin in the game”
6. Fintown: “Early Investment Exit Program”
7. Fintown: “Statistics - Outstanding Portfolio - In default / Late”
8. Czech Republic Business Register: “Fintown s.r.o”
9. Vihorev Group: “About Us - Growth in the value of Vihorev Group’s total assets”
10. Fintown: “Blog - Summer Investors Report 2024”

Fintown, founded in 2022, is a platform by the established property development and investment company Vihorev Group based in Prague, Czech Republic. Fintown is a real estate crowdfunding platform. Investors with an EU bank account denominated can participate in property development and rental projects in the Prague region. Since 2023, Fintown has raised more than €10.21 million, averaging a monthly volume of €0.68 million.^[1] The platform boasts a community of 4,014 investors.^[2]

• Fintown offers two types of loans: property development and rental projects.
• The minimum investment is set at €1 and interest rates vary between 7% to 14%.
• Loans are a financing source to Vihorev Group/Fintown that issues loans backed by collateral to property development companies of durations from 1 month to 3 years.
• A secondary market is not available. However, Fintown offers an early investment exit program.

Fintown serves as the bridge between crowdfunding investors and Vihorev Group, which acts as the borrower in various real estate projects in the Czech Republic. Investors make loan agreements with Fintown, which then acts as a lender to Vihorev Group. Fintown operates as an investment platform, linking its crowdfunding lenders with real estate companies of the Vihorev Group, its sister company.

Investments start from a minimum of €1, with loan durations ranging from 1 month to 3 years.^[3] Investors can choose between two loan types:

• Rental Product: Monthly interest payments, with the principal repaid at the end of the term.
• Property Development Product: Full bullet loan structure, where both interest and principal are repaid in a single lump sum at the end of the term.

The loans are contractually to Fintown, which then issues a loan to a developer covered with real estate as collateral. There is no legally established relationship between Fintown's investors and Property Project developers, meaning investors cannot make a direct claim against the borrower and are essentially lending money to Fintown.^[4] The platform or Vihorev Group co-invests about 31% of its funds in every deal alongside lenders.^[5]

Fintown does not offer an auto-invest feature or a secondary market but provides an Early Investment Exit program. To sell an investment, investors must formally contact Fintown and pay an early exit fee.^[6] This involves forfeiting unpaid interest and accepting a principal discount based on the holding period:

• 30% discount for 1–12 months
• 20% discount for 13–24 months
• 10% discount for 25–36 months

Fintown offers interest rates between 7% and 14%. The platform has funded 91+ projects, paid €517,085 in interest, and returned over €4.5 million in principal to investors, all without payment delays or defaults.^[7]

Fintown does not impose direct fees on investors. The platform does not disclose how it generates revenue, but given that borrowers’ loan agreements are facilitated by its sister company, Vihorev Group, it is safe to assume that the group generates revenue from the spread or on the real estate development.

Fintown was co-founded by Maxim Vihorev and Vladislav Siganevic. Maxim Vihorev, who serves as the CEO, is also the founder of Vihorev Group, Fintown’s sister company involved in the Czech real estate scene since 2015. With a presence in the Czech real estate market since 2008, he has been actively engaged in property sales and management in the Prague region. His involvement in residential development dates back to 2014. Vladislav Siganevic is an accomplished fintech entrepreneur. Before co-founding Fintown,  he played a pivotal role in the consumer lender Creamfinance.

Maxim Vihorev, owner of Vihorev Group, founded Fintown s.r.o. The platform operates under his leadership. It is bootstrapped by the parent company and has not sought any external funding to date.^[8]

Fintown has not released its financial statements, but the Vihorev Group has shared its total assets since 2015. Over the past eight years, the group has achieved a Compound Annual Growth Rate (CAGR) of 36.4%. Starting with assets under CZK 200 million in 2015, the value has grown to over CZK 1.2 billion, equivalent to a rise from €8.1 million to €48.9 million.^[9]

The Vihorev Group is celebrating another successful year, with key highlights including the opening of its flagship Honest Ricany project, which features 140 serviced apartments and coworking spaces and has already attracted strong interest. The Honest Karlin project continues to perform well, with high occupancy rates. During summer 2024, the company made its largest interest payout to date. Additionally, Vihorev Group hosted an exclusive event for industry experts, offering a tour of its properties.^[10]

1. P2PMarketData: “Fintown Statistics”
2. Fintown: “Homepage - Investors and Growing”
3. Fintown: “Investment Opportunities”
4. Fintown: “General Terms and Conditions For Loan Participations (GTCPL)”
5. Fintown: “About us - 31% - the average Skin in the game”
6. Fintown: “Early Investment Exit Program”
7. Fintown: “Statistics - Outstanding Portfolio - In default / Late”
8. Czech Republic Business Register: “Fintown s.r.o”
9. Vihorev Group: “About Us - Growth in the value of Vihorev Group’s total assets”
10. Fintown: “Blog - Summer Investors Report 2024”

Fintown, founded in 2022, is a platform by the established property development and investment company Vihorev Group based in Prague, Czech Republic. Fintown is a real estate crowdfunding platform. Investors with an EU bank account denominated can participate in property development and rental projects in the Prague region. Since 2023, Fintown has raised more than €10.21 million, averaging a monthly volume of €0.68 million.^[1] The platform boasts a community of 4,014 investors.^[2]

• Fintown offers two types of loans: property development and rental projects.
• The minimum investment is set at €1 and interest rates vary between 7% to 14%.
• Loans are a financing source to Vihorev Group/Fintown that issues loans backed by collateral to property development companies of durations from 1 month to 3 years.
• A secondary market is not available. However, Fintown offers an early investment exit program.

Fintown serves as the bridge between crowdfunding investors and Vihorev Group, which acts as the borrower in various real estate projects in the Czech Republic. Investors make loan agreements with Fintown, which then acts as a lender to Vihorev Group. Fintown operates as an investment platform, linking its crowdfunding lenders with real estate companies of the Vihorev Group, its sister company.

Investments start from a minimum of €1, with loan durations ranging from 1 month to 3 years.^[3] Investors can choose between two loan types:

• Rental Product: Monthly interest payments, with the principal repaid at the end of the term.
• Property Development Product: Full bullet loan structure, where both interest and principal are repaid in a single lump sum at the end of the term.

The loans are contractually to Fintown, which then issues a loan to a developer covered with real estate as collateral. There is no legally established relationship between Fintown's investors and Property Project developers, meaning investors cannot make a direct claim against the borrower and are essentially lending money to Fintown.^[4] The platform or Vihorev Group co-invests about 31% of its funds in every deal alongside lenders.^[5]

Fintown does not offer an auto-invest feature or a secondary market but provides an Early Investment Exit program. To sell an investment, investors must formally contact Fintown and pay an early exit fee.^[6] This involves forfeiting unpaid interest and accepting a principal discount based on the holding period:

• 30% discount for 1–12 months
• 20% discount for 13–24 months
• 10% discount for 25–36 months

Fintown offers interest rates between 7% and 14%. The platform has funded 91+ projects, paid €517,085 in interest, and returned over €4.5 million in principal to investors, all without payment delays or defaults.^[7]

Fintown does not impose direct fees on investors. The platform does not disclose how it generates revenue, but given that borrowers’ loan agreements are facilitated by its sister company, Vihorev Group, it is safe to assume that the group generates revenue from the spread or on the real estate development.

Fintown was co-founded by Maxim Vihorev and Vladislav Siganevic. Maxim Vihorev, who serves as the CEO, is also the founder of Vihorev Group, Fintown’s sister company involved in the Czech real estate scene since 2015. With a presence in the Czech real estate market since 2008, he has been actively engaged in property sales and management in the Prague region. His involvement in residential development dates back to 2014. Vladislav Siganevic is an accomplished fintech entrepreneur. Before co-founding Fintown,  he played a pivotal role in the consumer lender Creamfinance.

Maxim Vihorev, owner of Vihorev Group, founded Fintown s.r.o. The platform operates under his leadership. It is bootstrapped by the parent company and has not sought any external funding to date.^[8]

Fintown has not released its financial statements, but the Vihorev Group has shared its total assets since 2015. Over the past eight years, the group has achieved a Compound Annual Growth Rate (CAGR) of 36.4%. Starting with assets under CZK 200 million in 2015, the value has grown to over CZK 1.2 billion, equivalent to a rise from €8.1 million to €48.9 million.^[9]

The Vihorev Group is celebrating another successful year, with key highlights including the opening of its flagship Honest Ricany project, which features 140 serviced apartments and coworking spaces and has already attracted strong interest. The Honest Karlin project continues to perform well, with high occupancy rates. During summer 2024, the company made its largest interest payout to date. Additionally, Vihorev Group hosted an exclusive event for industry experts, offering a tour of its properties.^[10]

1. P2PMarketData: “Fintown Statistics”
2. Fintown: “Homepage - Investors and Growing”
3. Fintown: “Investment Opportunities”
4. Fintown: “General Terms and Conditions For Loan Participations (GTCPL)”
5. Fintown: “About us - 31% - the average Skin in the game”
6. Fintown: “Early Investment Exit Program”
7. Fintown: “Statistics - Outstanding Portfolio - In default / Late”
8. Czech Republic Business Register: “Fintown s.r.o”
9. Vihorev Group: “About Us - Growth in the value of Vihorev Group’s total assets”
10. Fintown: “Blog - Summer Investors Report 2024”

Fintown, founded in 2022, is a platform by the established property development and investment company Vihorev Group based in Prague, Czech Republic. Fintown is a real estate crowdfunding platform. Investors with an EU bank account denominated can participate in property development and rental projects in the Prague region. Since 2023, Fintown has raised more than €10.21 million, averaging a monthly volume of €0.68 million.^[1] The platform boasts a community of 4,014 investors.^[2]

• Fintown offers two types of loans: property development and rental projects.
• The minimum investment is set at €1 and interest rates vary between 7% to 14%.
• Loans are a financing source to Vihorev Group/Fintown that issues loans backed by collateral to property development companies of durations from 1 month to 3 years.
• A secondary market is not available. However, Fintown offers an early investment exit program.

Fintown serves as the bridge between crowdfunding investors and Vihorev Group, which acts as the borrower in various real estate projects in the Czech Republic. Investors make loan agreements with Fintown, which then acts as a lender to Vihorev Group. Fintown operates as an investment platform, linking its crowdfunding lenders with real estate companies of the Vihorev Group, its sister company.

Investments start from a minimum of €1, with loan durations ranging from 1 month to 3 years.^[3] Investors can choose between two loan types:

• Rental Product: Monthly interest payments, with the principal repaid at the end of the term.
• Property Development Product: Full bullet loan structure, where both interest and principal are repaid in a single lump sum at the end of the term.

The loans are contractually to Fintown, which then issues a loan to a developer covered with real estate as collateral. There is no legally established relationship between Fintown's investors and Property Project developers, meaning investors cannot make a direct claim against the borrower and are essentially lending money to Fintown.^[4] The platform or Vihorev Group co-invests about 31% of its funds in every deal alongside lenders.^[5]

Fintown does not offer an auto-invest feature or a secondary market but provides an Early Investment Exit program. To sell an investment, investors must formally contact Fintown and pay an early exit fee.^[6] This involves forfeiting unpaid interest and accepting a principal discount based on the holding period:

• 30% discount for 1–12 months
• 20% discount for 13–24 months
• 10% discount for 25–36 months

Fintown offers interest rates between 7% and 14%. The platform has funded 91+ projects, paid €517,085 in interest, and returned over €4.5 million in principal to investors, all without payment delays or defaults.^[7]

Fintown does not impose direct fees on investors. The platform does not disclose how it generates revenue, but given that borrowers’ loan agreements are facilitated by its sister company, Vihorev Group, it is safe to assume that the group generates revenue from the spread or on the real estate development.

Fintown was co-founded by Maxim Vihorev and Vladislav Siganevic. Maxim Vihorev, who serves as the CEO, is also the founder of Vihorev Group, Fintown’s sister company involved in the Czech real estate scene since 2015. With a presence in the Czech real estate market since 2008, he has been actively engaged in property sales and management in the Prague region. His involvement in residential development dates back to 2014. Vladislav Siganevic is an accomplished fintech entrepreneur. Before co-founding Fintown,  he played a pivotal role in the consumer lender Creamfinance.

Maxim Vihorev, owner of Vihorev Group, founded Fintown s.r.o. The platform operates under his leadership. It is bootstrapped by the parent company and has not sought any external funding to date.^[8]

Fintown has not released its financial statements, but the Vihorev Group has shared its total assets since 2015. Over the past eight years, the group has achieved a Compound Annual Growth Rate (CAGR) of 36.4%. Starting with assets under CZK 200 million in 2015, the value has grown to over CZK 1.2 billion, equivalent to a rise from €8.1 million to €48.9 million.^[9]

The Vihorev Group is celebrating another successful year, with key highlights including the opening of its flagship Honest Ricany project, which features 140 serviced apartments and coworking spaces and has already attracted strong interest. The Honest Karlin project continues to perform well, with high occupancy rates. During summer 2024, the company made its largest interest payout to date. Additionally, Vihorev Group hosted an exclusive event for industry experts, offering a tour of its properties.^[10]

1. P2PMarketData: “Fintown Statistics”
2. Fintown: “Homepage - Investors and Growing”
3. Fintown: “Investment Opportunities”
4. Fintown: “General Terms and Conditions For Loan Participations (GTCPL)”
5. Fintown: “About us - 31% - the average Skin in the game”
6. Fintown: “Early Investment Exit Program”
7. Fintown: “Statistics - Outstanding Portfolio - In default / Late”
8. Czech Republic Business Register: “Fintown s.r.o”
9. Vihorev Group: “About Us - Growth in the value of Vihorev Group’s total assets”
10. Fintown: “Blog - Summer Investors Report 2024”