Bondster launches secondary market

Czech peer-to-peer lender Bondster is launching a secondary market.

The secured loans provider said that this will give investors more flexibility and liquidity.

“The secondary market also gives investors access to investments that are no longer available on the primary market and have been sold out due to their popularity,” Bondster said.

The platform will charge a 0.5 per cent sales fee on secondary market deals and investors selling loans can set the pricing.

“The secondary market gives investors more choice when making investments and will further increase the attractiveness of Bondster not only on Czech but also on the European scale,” said Bondster’s chief executive Pavel Klema, who joined the platform earlier this year.

“We have been recently seeing great interest especially from foreign investors, who currently make up about 40 per cent of the total number of investors.”

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Bondster has more than 12,000 investors, who have invested over €71m (£60m) since the platform’s inception in 2017. Annual returns range between eight and 15 per cent.

Earlier this year it was revealed that Bondster almost doubled its investments last year, despite the Covid-19 pandemic.