In a recent post on Bondora, the Estonian peer to peer lender, the company announced that it had surpassed €100 million in loan originations. As Bondora states, the platform has now lent €102 million, paying out €15 million in interest to 28,541 investors. Bondora has also reached cash flow profitability.
According to the P2P lender, their top loan markets are as follows:
- Estonia – 60%
- Finland – 24%
- Spain 16%
Regarding the home countries of their investors, the top markets are below:
- Estonia – 28%
- Germany – 19%
- United Kingdom 12%
Reviewing the site statistics:
- Average loan size – €2400
- Average duration of loan – 47 months
- Average interest rate – 32.9%
- Average net return for investors 13.7%
We reached out to Bondora CEO Pärtel Tomberg for a comment on the milestone;
“This year Bondora reached the 100 million euro milestone and has become profitable as a company. Bondora is now 10 years old and one of the few profitable peer-to-peer lending platforms in the world. This is solely thanks to the great reception we’ve had among retail investors recently who have now received 15 million in net interest from their investments on Bondora. We have doing a lot to please our core customers and we plan to continue doing so! Big thanks to all the customers who have trusted us for all these years!”
