Bondora launches unlimited version of Go & Grow account

Bondora has launched an unlimited account, available to all investors, allowing them to invest without a monthly cap.

The Go & Grow Unlimited account will be available with immediate effect. The potential amount investors can earn has also increased, going up to four per cent per year for both new and existing users.

The decision comes after the company tested the product in April. The unlimited account is an extension of the group’s existing Go & Grow account, which allows speedy investing at a lower risk than the firm’s other products. It also offers faster liquidity to clients when they want to cash out.

The European peer-to-peer lending platform recently revealed that it signed on 2,694 new investors in April. It also announced that it saw a 7.2 per cent increase in origination volumes.

Read more: Bondora originations hit 2022 high of €15.7m in April

It reported strong growth in its Go & Grow product, which targets returns of up to 6.75 per cent. The traditional accounts have a limit of €1,000 (£852) per month, which was raised last year in response to investor demand.

Read more: Bondora’s Go & Grow product reaches 139,000 investors