The team at Bondora is pleased to announce that borrowers in the Netherlands can now access their online and convenient financial services.
In just one week from the launch, the European investment platform successfully “issued over €200,000 in loans in the Dutch market.” To have achieved this amount in such a short term proves “how easy-to-use loan services are needed in the Netherlands,” the firm claims.
It is also “a promising indication of how this market will grow in the coming months,” the team at Bondora noted in a blog post.
As Bondora mentioned earlier this year, they are “committed to continuing the growth journey with our investors to provide you with the best solutions possible.” By launching new loan markets, they can expand their offering to their investors and new customers across European markets.
Bondora added that they want to thank their investors for supporting them on this growth journey. The firm pointed out that its clients continued trust in them has made it possible for them “to prioritize launching new countries.”
The Netherlands is reportedly the first new market Bondora has launched in their “ambitious growth plan.” The company confirmed that they’d be looking into launching other new loan markets in the foreseeable future.
As covered last month, more than €80M in returns have reportedly been paid out to Bondora investors since they were founded.
As reported in August 2022, Bondora is focused on helping “to empower people to take charge and set themselves up for success with their financial futures.” Loan origination and investments “slowed a bit to €14,405,558 and €14,382,356, respectively.” Collection and recovery statistics also “maintained consistency, still exceeding €1 million.”
In August, 1,754 new investors “joined Bondora—slightly less than in July.” Their total investment has “increased to over €655M, and investors have earned more than €80M in returns.”
After rebounding in July, loan originations “slowed again in August, declining by 6.1% to €14,405,558. All three markets decreased slightly.” Last month, Spain had “the most noticeable growth, and this month, it also has the most significant decrease, declining by 25.5% to €471,777’s worth of originated loans.”
It is the market that is “most prone to significant changes.” The 2nd largest decline came from Finland, “dropping by 7.0%.”
Finland also still “has the majority of originations, 57.5%, which equals €8,285,382.” Estonia declined “by just 2.5%, accounting for a 39.2% share totaling €5,648,399’s loans.” The average interest rate “increased from 21.6% to 22.3%—precisely the same as in June.”