Bondora reports over €750m invested as it marks 15th birthday
European peer-to-peer lender Bondora is celebrating 15 years in business, during which time it seen over €763m (£671m) invested into the platform and earned €93m for 218,039 investors.
Formed in 2008 in the Estonian capital, Tallinn, the company was originally known as Sõbralaen and was renamed as Isepankur before changing it to Bondora in 2014.
Read more: Bondora portfolio re-balances after shift to ‘hands-off investing’
It reached the landmark of €1m-worth of investments in 2011, and in 2018 it launched its Go & Grow brand, now its primary product.
In its latest company update it reported that Go & Grow had received €18,652,183 in February 2023, increasing by 12.6 per cent from €16,560,635.
Read more: Bondora reopens Netherlands market
The company now has 170 staff, and operates in primarily in Estonia and Finland, as well as Spain and the Netherlands.
“Here’s to many more successful years together as you continue growing your wealth,” Bondora said in a blog post.
According to its website, the average amount loaned was €2,600 for an average period of 53 months. Net return averaged 6.8 per cent, with an average interest rate of 25.6 per cent.
Read more: Bondora’s February originations hit four-year high