Hamburg crowdfunding platform Fintech Marvest has launched its third ship-financing project.

It is teaming up with Norwegian shipowner EOS Bulk Invest to raise up to €2m ($2.2m) to refinance the 8,100-dwt bulker Manisa Floyen (built 2006).

The company said the move continues its expansion strategy using mortgage-backed securities.

The senior loan funding will pay 6.5% interest per year over 61 months.