Bondora to close portfolio manager and portfolio pro accounts
Bondora will close its portfolio manager and portfolio pro accounts in order to focus on “100 per cent hands-off investing”.
From 27 February 2023, both of these accounts will be closed for new investors. However, the secondary market will remain open and existing investors will still receive loan payments from their portfolio.
Going forward, the European peer-to-peer lending platform will focus entirely on its Go & Grow accounts, which were launched in 2018.
“As investors’ priorities have shifted, so did ours,” Bondora said in a blog on the company’s website.
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“This means we’ll close portfolio manager and portfolio pro for new investments. To ensure you get the best hands-off investing experience, we’re focusing on improving Go & Grow and Go & Grow Unlimited.”
The platform added that more than 96 per cent of all investments are now made via Go & Grow, demonstrating the demand for these auto-investing accounts.
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“This has made it clear that most investors opt for this effortless way to grow money,” Bondora added.
“And Go & Grow has claimed this overwhelming majority time and time again, noticeably since November 2020.
“This is the road to hands-off wealth.”
All portfolio manager and portfolio pro investors have been invited to transfer their funds into the Go & Grow accounts.
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