Ex-CFO of N26 founds real estate start-up

Estating wants to democratize the real estate market. The start-up was founded by ex-CFO Matthias Oetken from N26. Everything still seems rather vague.

No announcement or big announcement, it just appeared quietly: The former CFO of N26, Matthias Oetken, has founded his own FinTech for the real estate market. Martin Halblaub, former CEO of NordLB and Six Digital Exchange, is also involved. The CCO is Daniel Vegue Dominguez, who worked at Credit Suisse and Julius Baer, and the CTO is Vahe Andonians, who has already founded Marktguru, SCDM and Cognaize.

Halblaub is quoted on the Estating website and sounds visionary: he talks about the democratization of the real estate market, which is now cheaper and more accessible and therefore no one should be excluded from investing. Anyone who wants to participate downloads the app, selects a property and invests in an associated certificate, "a registered security in Luxembourg." Estating acquires the property and "stores it safely."

Artificial intelligence, blockchain and virtual reality are used in the app to offer properties. The main focus is on direct participation in real estate, including partial ownership, according to the app's description. Estating promises a win-win situation for investors who are connected to untapped demand and investors who would otherwise be disadvantaged by the market.