Bondora Originated €23.3M+ in Loans Last Month, a Record for the Investment Platform

The team at Bondora says that they truly believe in working hard and “celebrating hard.”

Each update, no matter how small, should be acknowledged, the Bondora team added. And there were some significant milestones to celebrate in Q1 of 2023, the firm reveals.

Bondora celebrated their 15th birthday. If the Bondora from 2008 could only see themselves at this point, the company noted while thanking their investors who form a key part of the Bondora community.

Denny Neidhardt, a finance professional at re:think P2P, held his annual Top 10 P2P platform survey earlier this year. On Saturday 1 April, he shared the findings. Bondora has reportedly “ranked 8th most popular in Europe, as voted for by investors.”

As part of their CSR (corporate social responsibility), Bondora claims that they actively support future Tech Superheroes. This is why they collaborated with TalTech on their computer science curriculum introduction event, INIT 2023.

Bondora Data Platform Team Lead Lauri Koobas presented the workshop.

Koobas reportedly hosted a workshop about “how time can be expressed in computers and why it matters.”

As noted in the update shared by Bondora, the first loan originations “for the year started with a bang, increasing by 6.4% to €17,137,703.”

As mentioned in a blog post by Bondora, the bulk of this increase “came from Finland, with €11,364,004.” This is one of the Finnish market’s “highest” loan origination figures ever.

In February, loan originations “increased by 12.2%, totaling €19,228,733.” This is “the highest origination figure we’ve seen since 2019.”

But then, the quarter “ended with a flourish.” During March, the Bondora platform “originated €23,302,691 in loans, a new record for Bondora.”

As noted in the update:

“Our risk team implemented a new Estonian risk-scoring model to enhance its predictiveness. This will allow for more accurate predictions, higher-quality borrowers, and increased timely payments, which could result in lower recovery costs.”

As mentioned in a blog post, January investments “rose by 6.7% to a total of €17,087,257.”

This is reportedly “setting an excellent tone for the start of the new year, especially when compared to January 2022.”

And in February, investments “totaled €20,660,543.”

As mentioned in the blog post, Go & Grow “received 18,652,183.”

Portfolio Pro “received an unprecedented €1,694,883.” Portfolio Manager followed “with €302,822, and the API with €10,655.”

As noted in the update, there are over 40% of Bondora’s team members “working in data and engineering roles, [and] they’re committed to encouraging everyone to learn to program.”

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