Founded in 2017 and with more than 200 million projects financed since 2019, Urbanitae chose Portugal and France to begin its internationalisation process, the Spanish company said in a statement reported by ECO.

The platform aims to achieve a turnover of 20 million euros in financed projects in the first year.

“Participatory financing is growing rapidly in Portugal. It is increasingly important as a financing alternative for the real estate sector and, at the same time, it is gaining presence among small and medium-sized investors due to its high profitability potential", highlights Simão Cruz, national director of Urbanitae in Portugal, mentioned in the same note.