With Inflation Rising, Bondora Provides Clients Ways to Earn Greater Returns on Investments

On  November 9, 2022, Bondora had their latest live Q&A session for 2022. It’s become somewhat of a tradition that connects clients, Bondora’s investors, “directly to Pärtel Tomberg, the CEO and Founder of Bondora.”

Bondora‘s CEO has shared more about how the platform is doing and how their expansion plans are going so far. He also gave a sneak peek into a new product they’re working on that customers “can use to make the most out of their money.”

Pärtel also “answered questions investors sent in on Slido beforehand, as well as other questions that were sent in during the live Q&A.”

As noted in a blog post by Bondora, in 2022, they “implemented a lot of changes.” But every change “was made in the interest of [their] investors,” the company claims.

The world’s current economic outlook is “fragile.” Financial markets are “experiencing turbulent times and high volatility,” Bondora explained.

They added that to top it all off, inflation is “still increasing.” Investors worldwide “have fewer opportunities to earn a stable return on their assets.”

With this in mind, Bondora are happy “to continue to give [their] Go & Grow investors the opportunity to earn up to 6.75% returns per annum.” It remains “one of the simplest ways to earn a passive and stable income and help combat inflation.”

Launching the Go & Grow Unlimited tier was their response “to investors’ demand and desire to secure their financial position through Bondora.”

With its fast liquidity and unlimited investment amount feature, Go & Grow Unlimited continues “to be a much better offer than, for example, bank savings accounts or long-term deposits.”

It also “provides investors with another option to earn a stable rate of return.” Go & Grow Unlimited can be “seen as an excellent opportunity to invest without limits and have another stream of passive income.”

As mentioned in the update from Bondora:

“Our expansion plans took flight in 2022. On 23 September, the Bondora Dutch loan market was opened, giving borrowers in the Netherlands the opportunity to access Bondora’s life-changing personal loan services.”

The Netherlands will certainly “not be the last expansion this year. We are working on launching up to three more countries before 2023.”

Bondora added:

“Customer growth in Spain exceeded our expectations. The demand for a trustworthy, responsible lender in Spain is evident in the interest from Spain-based borrowers. But besides expanding into new markets, we are also expanding our loan portfolio organically by launching new products in existing markets. Within the Estonian market, there are 2 new loan products available. The first is Loan Refinancing, where our customer value proposition is lower monthly payments.”

They continued:

“And the other is the Bondora Boost app, which allows customers to increase their credit, based on their creditworthiness, with just a few taps on their phone. By expanding our services to borrowers, we help empower more people to have less financial stress, and we become a more attractive lender, which strengthens our loan portfolio. We will be scaling these services to our other markets soon.”

Bondora also revealed they are expanding their business horizons “further than investing and lending.” They are “in the process of creating a Personal Financial Assistant, right now, lovingly known as the PFA.”

The PFA will “give the customer insights and guidance into their financial behavior and share how Bondora can give financial solutions that meet their needs.”

A beta version is currently “available to existing investors in Estonia, Austria, and the Netherlands on our Go & Grow app.”

If you are based in these countries, Bondora “encourage you to try it, gain insights into your financial behavior and send [them] feedback.”


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