Investments and originations start to rise at Bondora

Investments and originations rebounded at Croatia-based peer-to-peer lending platform Bondora in July, following a summer slump.

Investment funding and loan originations both increased by 18.7 per cent in July to reach €15.3m (£13.09m).

The platform’s Go & Grow account had the largest share of overall funding, with 96.9 per cent of all investments.

Spanish loans saw the most noticeable growth, with originations growing by 75.6 per cent month-on-month.

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“We’re happy to see this rebound in the Spanish market,” a Bondora spokesperson said.

The platform also noted a rise in the average loan values, with Spanish loans increasing by 4.4 per cent, Estonian loans increasing in value by 7.6 per cent and Finnish loans increasing by 11.3 per cent.

All three of these markets also showed slight increases in the borrower’s average net income. Estonian borrowers continue to have the lowest average monthly net income, but this increased 7.5 per cent in July, to €1,761. Spanish borrowers’ average income increased by 5.5 per cent to reach €1,597 per month. And Finnish borrowers saw their income increase by 0.9 per cent to €2,822 per month.

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“We’re happy to see the third quarter off to a good start as origination and investment figures rebounded from their slow summer in June,” added Bondora.

“Once again, most statistics remained relatively consistent, with slight variations. Most notably, the average borrower across all markets had an increase in net income and is all in their 40s.

“Investment funding also increased by 18.7 per cent to €15,333,326, with Go & Grow accounting for just under €15m.”

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