The Bondora Group has shared their comprehensive 2023 Financial Results.
They are pleased to report Bondora Group’s 2023 financial results, “with the greatest highlight being their seventh consecutive year of profitability.”
Last year was a prosperous chapter in their financial journey, showcasing “what’s possible when you put your customers first.”
Bondora claims that they not only sustained growth but also “delivered reliable returns to our investors.”
Key highlights from our 2023 financial results:
- Revenue reached €44,4 million
- Net profit was €3,4 million
- Loans issued totaled €202,5 million
- €139 million of loans were issued in Finland and €40,2 million in Estonia
At Bondora Group, their mission is simple: to help people “live the life they want with less financial stress.”
Bondora says that they “offer user-friendly, secure solutions that make lending and investing accessible and simple.”
Bondora also noted that their services are “fully online, making it as convenient as possible for our customers to achieve their financial goals.”
2023 also marked the sixth year in a row that their Go & Grow investors “have enjoyed a stable return of up to 6.75%* p.a. on their investment.”
Bondora said that they are pleased about their growth and “consistent profits, which have empowered us on this sustainable growth track.”
With over 16 years of experience, Bondora reveals that they “provide credit services to customers in Estonia, Finland, the Netherlands, and Latvia. Most of our loans in 2023 came from Finland.”
Bondora also mentioned that they are focused on “continually expanding and improving our products to reach more people.”
Bondora added that their goal is to “have 1 million active customers in the coming years.”
Despite challenges in the global fintech market, Bondora Group has “continued to hit its growth targets.”
In 2023, Bondora had issued €179 million in loans in Estonia and Finland.
They also expanded in the Netherlands and “entered the Latvian market.”
Their loan origination fees were €7 million, loan administration fees “totaled €23.1 million, and revenue from additional products reached €133 million.”
To support this growth, Bondora claims that they “increased our team by 28 people in 2023, bringing our total employee count to an average of 166.”
Despite these additional expenses, Bondora says that they “ended the year with a net profit of €34 million.”
