Greek Portal Spitogatos Acquires Minority Stake in Credit Broker IMS

April 1, 2024
Share this Post: 

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, and Its main competitor in the market is the horizontal marketplace

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.

April 1, 2024
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More