Greek Portal Spitogatos Acquires Minority Stake in Credit Broker IMS

The leading Greek real estate portal operator Spitogatos has announced an investment in the Athens-based credit broker Individual Mortgage Solutions FC (IMS).

The deal's financial terms were not disclosed but it is understood that Spitogatos has taken a minority stake in the company which could increase over time.

IMS was founded in 2015 and claims to account for 10% of Greek mortgages. In a LinkedIn post celebrating the deal, Spitogatos founder Dimitris Melachroinos referred to the company as the largest mortgage brokerage in Greece.

Spitogatos is the leading real estate portal operator in Greece via Spitogatos.gr, Spiti24.gr and Tospitimou.gr. Its main competitor in the market is the horizontal marketplace XE.gr.

The company is owned by Luxembourg-based Real Web SA which is also the parent company of Immobiliare in Italy, Nepremicnine in Slovenia and Crozilla in Croatia.