Bondora raises Go & Grow limit
Bondora has increased the monthly investment limit on its classic Go & Grow auto-invest product from €400 (£348) to €700.
Last August, the European peer-to-peer lending platform temporarily restricted its Go & Grow product that offers up to 6.75 per cent returns – with a monthly investment limit – to existing investors only.
New investors who joined Bondora after 24 August 2022 could instead access the Go & Grow Unlimited tier, where they could invest unlimited amounts, with returns of four per cent.
Read more: Bondora investments and originations top €23m
“As you know, we use data and research to help us make decisions that will keep our platform stable for you, our investors,” Bondora said in a blog post on its website. “And so we’re happy to say that €700 is the magic number for our shared sustainable growth.
“We understand you want to invest your money securely and with peace of mind. From our side, that means building a secure platform so you can feel confident in growing your money and reaching your financial goals.”
Read more: Bondora offers €1,000 cash bonuses to 15 lucky investors
In March this year, Bondora celebrated 15 years in business, during which time it seen over €763m (£671m) invested into the platform and earned €93m for 218,039 investors.
The company now has 170 staff, and operates in primarily in Estonia and Finland, as well as Spain and the Netherlands.
Read more: Bondora reopens Netherlands market