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 and 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 board member at NordLB and Six Digital Exchange, is also involved. CCO is Daniel Vegue Dominguez, who has worked at Credit Suisse and Julius Baer, and CTO Vahe Andonians, who has founded Marktguru, SCDM and Cognaize.

Halblaub is quoted on Estating's website, it sounds visionary: he talks about democratizing the real estate market, which is now cheaper and more accessible, so no one should be excluded from investing. Those who want to participate download the app, select a property and invest 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. Above all, the focus is on direct participation in real estate, even as partial ownership, according to the app's description. It's a win-win for investors who are connected to untapped demand and investors who are otherwise disadvantaged by the market, Estating promises.