Blog
First 3 Weeks Results: 260 Lenders & €1.35M Funded
Devon is proud to share its first results three weeks after launching operations.
In just 20+ days, 260 active lenders have joined Devon - a strong signal of interest and trust in our model.
Our community has already funded €1,350,000 in real estate projects owned and managed 100% by MJL Enterprises Group.
With an average funding amount of €5,800, the platform attracts a healthy mix of seasoned lenders and those exploring new opportunities.
Devon lenders have currently earned €57,410 in just the first few weeks.
Since launch, Devon has introduced four projects as funding opportunities:
- Amber Park – a modern residential development
- Duntes Park Stage 1 – a strategic development with long-term potential
- Villa Astor – our first rental project offering stable passive income
- Mežaparka Nams – a premium residential project in a sought-after location
These projects reflect Devon’s commitment to offering our lenders a diversified and carefully vetted portfolio.
We sincerely thank our early community for their trust and support. We're excited to continue building a platform where opportunities are shared and growth is mutual.
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Operations overview / July
July was focused on strengthening Devon's legal, operational, and long-term strategic foundation. During the month, we shared the roadmap for the platform's next phase, including the upcoming legal opinion from KPMG Germany, preparations for AIFM and ECSP licensing, and the planned migration to the next-generation platform. Alongside these strategic initiatives, our development pipeline continued to progress, with several projects advancing through planning, construction, sales, and financing stages.
Owner's Announcement: Devon's next chapter
The past weeks in the European P2P industry have been intense for everyone. As the owner of MJL Group, I want to personally address our community and provide full clarity on where MJL Group is heading, how we are reinforcing Devon’s long‑term stability, and why our strategic direction remains strong, disciplined, and fully aligned with investor protection (not only German investors). Our commitment is simple: Devon will continue operating with resilience, transparency, and regulatory strength - backed by the robust MJL Enterprises business that stands behind it.