After continued increases in July and August, Bondora has seen “slight dips” for originations and investments in September.
As noted in a blog post by Bondora, both these statistics “totaled just under €15M, decreasing 5.1% from the previous month. Cash recoveries, however, did well, totaling almost €2M in September alone. Here are more stats:”
Bondora also mentioned that 1,039 new investors joined the platform in September. In the same month, investors earned “over €2M in returns, and the total product investment amount increased to €869M.”
Breaking the growing streak from the last two months, September has “slowed down loan originations by 5.1%. Falling €15,785,232 in August to €14,177,543 in September.”
Despite the overall decline, Finland had “an increase.” The Nordic market’s originations “grew by 7.8%. This totaled €10,061,588 in Finnish loan originations.”
In contrast to many previous months, Bondora saw “a welcome increase in originations in Estonia. Loan originations grew by 4.7%, totaling €2,354,016.”
The Dutch market has “settled to a lower origination total after showing vast growth potential in the last few months. €2,462,152 worth of loans were originated in the Netherlands in September.”
Bondora further noted 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 their loan portfolio, which means a better investment experience for you. Our existing customers were the driving force behind the €97,905 worth of loan originations from September.”
Finnish loans, once again, “have the majority, with a dominant 67.2% share.” The Dutch market keeps its second-largest share, “with 16.4%. But Estonia follows in close third with 15.7% and Spain with 0.7%.”
The average loan interest rate “rose from 19.1% to 19.6%.”
In tandem with originations, Bondora saw investment product funding also “take a slight dip. It declined by 5.1%. This brought the total funding into investment products in September to €14,975,661.”
Bondora pointed out that €14,916,563 was “funded to Go & Grow and €59,098 was invested using the API. That’s a 5.1% decrease for Go & Grow and a 6.2% decrease for API investments.”
Continuing the see-saw trend since May, Secondary Market transactions “decreased in September after increasing in August.” Transactions totaled €92,373 in September “compared to August’s €107,098. This is a 13.7% drop rate.”
The API, however, increased “by 20.3%, and Manual transactions declined by 28.3%. At a 58.3% share, manual transactions continue to have the biggest share.” The API has “a 41.7% share.”
Bondora recently started “using new data sources with more exact results than we’ve used previously. As we aim to improve your experience, they trust this new data source will keep you updated on our recovery efforts.”
However, this means they “won’t share the same information as in the past.”
They made considerable strides “in September across all our active markets, recovering €1,900,071.”
Estonia was the market “with the highest cash collection, with €1,112,075 recovered.”
In Finland, cash recoveries “totaled €702,611, and in Spain, we recovered €85,295. In the Netherlands, we have our first cash recovery of €60.”
