European P2P lending service Bondora reveals that during the month of August 2021, there were 2,155 new investors that joined their platform, bringing the total number of investors to 172,809 individuals.
More than €472M has now been invested via Bondora, and investors have earned over €55M in returns during the past 13 years.
As stated in the update from Bondora, €11,584,049’s worth of loans were originated last month. It was reportedly the first time in 8 months that the platform experienced a drop in loan originations—”albeit only a slight dip of 2%.”
Estonia continues to be the largest stakeholder, however, its percentage share decreased “slightly to 63.4%.” Meanwhile, the Finnish market grew to 36.6%. With Spanish loans “set to restart soon, it would be intriguing to see how these shares will be split from September onwards,” the Bondora team wrote in a blog post
As mentioned in the update, transactions via the Secondary Market in August “went in the opposite direction compared to July.” Notably, the value of Secondary Market transactions “more than doubled.”
As confirmed in the report from Bondora:
“Coming in at a total of €338,235.94, this is the highest value of transactions since January 2021. Huge increases across the API, Manual transactions, and Portfolio Manager are behind this growth spurt.”
The report added:
“August was another stellar month for our collection and recovery efforts. Over €1 million was recovered—€1,020,102 to be exact. The number of recoveries didn’t increase as much, but still, the 15.3% growth in cash recovered is far more significant.”
August was also the very first month “where the largest percentage of cash recovered did not come from Estonia,” the Bondora team revealed while noting that this month, Finland had the “highest share of cash recovered, totaling €482,755.”
As noted in the report:
“Investments stabilized with €11,340,100 financed on the platform. This is the first time in the last 5 months that we didn’t see an increase in investments. However, compared to August 2020’s €2,763,081 total investment, we’re very satisfied with August 2021’s numbers. Product funding grew across all products, except for Go & Grow, which had a 3.3% decline in investments.”
The Bondora team concluded:
“We ended the summer with slight decreases across loan originations and investments but saw a high uptick in collections. With over €1M recovered from defaulted loan customers, this is good news for investors across the board. Secondary Market transactions also bounced back in popularity, with over €338,235.94 transacted during August.”