Acquisition
We source off-market and on-market residential property in Málaga province, with a preference for buildings in walkable central districts rather than coastal developments.
Fundaro is a Latvian real estate company. We buy residential property in Málaga and along the southern Spanish coast, renovate it, and manage each project ourselves from the purchase through to completion.
Fundaro works on one property at a time. We look for residential buildings and apartments in established neighbourhoods that are worth more than their current condition suggests - good structure, a good address, and years of deferred work behind them. We handle the purchase, the permits, the contractors and the finish specification directly. The people who choose the property are the people who run the site.
We source off-market and on-market residential property in Málaga province, with a preference for buildings in walkable central districts rather than coastal developments.
Every project is renovated to a documented specification, managed by our own team, with local architects and contractors we work with repeatedly.
We stay with a building after the work is finished. Letting, maintenance and eventual sale are handled in-house rather than passed on.
The company is registered in Riga and run from Málaga. Both cities are part of how we operate rather than a matter of paperwork.
Our work is concentrated in Málaga city and the surrounding province. It is a market we know street by street rather than through a spreadsheet: which blocks hold their value, which buildings have licensing problems, which streets are quiet enough to live on.
Fundaro is a Latvian company, registered and administered in Riga. Accounting, corporate governance and reporting sit there; the building work sits in Spain. Latvian corporate discipline, Spanish market knowledge.
Four working habits that decide what we take on and how it gets built.
We would rather do one building properly than five at arm’s length. Each project keeps the same team from purchase to handover.
Our people are in Málaga. Site visits are weekly, not quarterly, and decisions are made by people who have stood in the room.
Every renovation runs against a written specification and a written budget. Changes are recorded, not improvised.
We renovate to a standard we would be content to own for a decade, whether or not that is what ends up happening.
SIA Fundaro was founded in Riga in May 2026 and operates from Málaga. The company is small by design: a founding team with backgrounds in property development, construction, finance and technology, working on one project at a time rather than building a portfolio for its own sake.
For a thousand years, the fundaro held the courtyard where merchants pooled their capital, shared their risk, and split their returns. We are that courtyard.
The name derives from funduq - the Arabic word for a Mediterranean trading house where merchants and capital met. A fundaro was the trusted keeper of that exchange. That is our role today.
Company details
Legal name
SIA “Fundaro”
Registration number
40203749200
VAT number
LV40203749200
LEI
875500YJH4Y0XCESGA65
Registered address
Ranka dambis 30-130
Riga, LV-1048, Latvia
Founded
May 2026
Straight answers about how the company works. If something here is not covered, write to us.
We buy residential property in Málaga and along the southern Spanish coast, renovate it, and manage each project ourselves from the purchase through to completion. Sourcing, permits, contractors and the finish specification are all handled directly rather than passed to an agent.
Residential buildings and apartments in established neighbourhoods that are worth more than their current condition suggests: good structure, a good address, and years of deferred work behind them. We prefer existing buildings in central, walkable districts to new-build on the coast.
One. We would rather do one building properly than five at arm’s length, and each project keeps the same team from purchase to handover.
Our own team manages it, with local architects and contractors we work with repeatedly. Every renovation runs against a written specification and a written budget, and changes are recorded rather than improvised.
We stay with the building. Letting, maintenance and eventual sale are handled in-house rather than passed on, and we renovate to a standard we would be content to own for a decade.
Fundaro is registered and administered in Riga and run from Málaga. Accounting, corporate governance and reporting sit in Latvia; the building work sits in Spain. Latvian corporate discipline, Spanish market knowledge.
On site. Our people are in Málaga, site visits are weekly rather than quarterly, and decisions are made by people who have stood in the room.
SIA “Fundaro” was founded in Riga in May 2026. The founding team has backgrounds in property development, construction, finance and technology, and is listed in full further down this page.
Leave your address in the form at the foot of this page. We send occasional notes about what we are building and what we have learned doing it, a few times a year at most, and we do not share your address with anyone.
Co-Founder & CDO
30+ years as a real estate developer in the Málaga region. Leads sourcing, construction, and exit.
Co-Founder & CEO
Fintech expert, exited founder; co-founder of Nordics leading fintech event. Leads fundraising, lender relations and platform development.
Co-Founder & COO
Twenty years building products and places, with design and export awards behind them. Leads strategy, brand, architecture and interiors.
Co-Founder & CMO
Fintech marketing and branding professional. Leads sales channels, affiliate partnerships and lender communications.
CFO
Built a research agency analysing 100+ lending platforms. Leads financial operations and structuring.
CCO
Master of Law with experience in the government compliance sector. Owns AML and compliance.
Occasional writing about the buildings we are working on, the Málaga market, and how renovation actually goes as opposed to how it was planned.
Read the journalCompany updates
Occasional notes from Fundaro - what we are building, where, and what we have learned doing it. A few times a year at most.
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