European Online Lender Bondora Reports 4th Year of Profitability, Platform Returned Nearly €60M to Investors

The team at European lender Bondora notes that 2021 was another “unexpected” year as they’ve learned to “adapt to a new normal.”

But from change “comes growth,” Bondora writes in a blog post while adding that they’d like to take the a moment to highlight some of 2021’s “successes, important firsts, and memorable events.”

The Bondora team of “Superstars” returned to the office, and they opened up a second location in Tartu. The platform’s management reports “a 4th consecutive year of profitability.”

Investors have received nearly €60 million in returns, the update from Bondora revealed. It also mentioned that the Spanish originations market “was relaunched.”

While sharing other updates, Bondora noted that cash recoveries “continued to climb month after month, with a record of €2.3 million recovered in September.”

The platform also released the new and “improved” Go & Grow app. They reportedly “passed the half a billion investment mark thanks to you.” And the Go & Grow payment limit was “increased to €1,000 per month.”

Bondora also celebrated reaching 10K followers on Instagram. The company also noted that Marco B. was the “lucky investor who won €10,000.”

In addition to these developments, more than 50 new Bondorians joined the professional team.

As covered recently, Spanish originations kept rising above the target rate for 2021, along with other rates for the past couple of years. Overall, it was “a steady month with a promising end to the year lying ahead of us,” the team at Bondora noted in an update dated December 27, 2021.

Yearly performance

All the return rates for 2021 originations “were higher in November,” the team at Bondora noted while adding that the cumulative return rate “is now 15.9%, which is 0.1% higher than last month, and 6.4% above target.”

The Spanish origination rate “continued to climb drastically, up to 13.3% from 6.9% in October,” the update revealed while adding that this is “thanks to the relaunch of the Spanish market.”

As noted by Bondora:

“Things also fared well for 2021 originations closer to home; Estonian originations increased by 0.1% and Finnish originations by 0.2%. As they did in October, 2020 originations returned slightly lower at 16.3% compared to 16.5% last month.”

Sponsored
Sponsored Links by DQ Promote

 

 

Send this to a friend