Investment Platform Bondora Reports €15M+ in Investment Funding and Originations During August 2023

The growth that kickstarted in July has continued into August, “with increases across the board,” the team at Bondora noted.

Loan originations, as well as investment product funding, “totaled over €15M each in August. Cash recoveries and collection efforts also increased to over €1M.”

Bondora has also shared other key stats from August:

1,404 new investors joined Bondora in August. In the same month, investors “earned over €2M in returns, and the total product investment amount increased to €854M.”

Loan Originations

For the second month in a row, Bondora reports that loan originations increased. It climbed by 11.3% from July “to €15,785,232 in August.”

Finland was the predominant “growth accelerator.” The Nordic market on Bondora “increased by 34.7% after being very slow-moving in the summer months.” This has reportedy “totaled €9,337,401 in loan originations in Finland.”

Bondora further revealed that the ever-growing Dutch market also “contributed to the rise in loan originations. Passing the €4M mark for the first time in history, a total of € 4,067,370 worth of loans were originated in the Netherlands in the past month.”

Estonia declined once again this month “by 33.7%.” This brought “the total loan originations to €2,248,956.”

Bondora also mentioned that the Spanish market “remains temporarily closed to new customer originations as we monitor data to change our internal risk-scoring models.”

They do this to “ensure the best possible quality for our loan portfolio, which, in turn, means a better investment experience for you.” However, existing customers were “the driving force behind the €131,605 loan originations in August.”

Bondora added that Finnish loans, once again, “have the majority, with a dominant 59.2% share. The Dutch market retains its second-largest share with 25.8%. Estonia follows with 14.3% and Spain with 0.8%.”

The average loan interest rate “decreased from 19.8% to 19.1%.”

In tandem with originations, Bondora saw investment product funding also increase. It rose by a solid 12% compared “to the overall growth rate of 5.6% in July.” This brought the total August product investment “to €15,758,232.”

€15,722,223 was funded to Go & Grow and €63,009 was “invested using the API.”

That’s a 51.8% increase “for API investments.”

Secondary Market

Continuing the see-saw trend, Secondary Market transactions increased in August after decreasing in July. Transactions have reportedly “totaled €107,098 compared to July’s €91,737. This is a 16.7% growth rate.”

The API grew by 0.8%, and Manual transactions “increased by 25.2%. At a 70.1% share, manual transactions still have the largest share.” The API has “a 29.9% share.”

Collection and Recovery

August was another month of increases for their collection and recovery efforts. 95,123 payments “were recovered, increasing by 0.6% from July. Cash recoveries rose by 11.9%, a total of €1,110,299 recovered funds.”

Once again, Estonia is the market w”ith the highest cash and loan payment recoveries from Estonia, with €606,614 cash and 41,446 payments being recovered.”

In Finland, cash recoveries “increased by 14.4% to €456,918.” Contrary to July, Spain’s cash recovery figure also inclined, “growing 1.5% to €45,077.” There have been “no recovery efforts in the Netherlands thus far.”

The 2014-2023 recovery rate once again “slightly decreased, dropping from 52.4% in July to 52.1% in August.”

In contrast, 2023’s recovery rate “increased from 82.3% in July to 84.8% in August.”

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