Lendermarket portfolio hits €50m
Lendermarket has reported that its platform’s portfolio has reached €50m (£42.7m), thanks to “rapid growth” over the past year.
The Dublin-based peer-to-peer lending marketplace said that the total portfolio value has increased by 31 per cent during the last 365 days.
“Lendermarket showed rapid growth last year and we are delighted to share another significant achievement in our journey,” the firm said in a post on business networking site LinkedIn on 15 June.
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Lendermarket’s loan statistics on its website indicate that its portfolio was worth €47.1m as of 7 June, meaning that it grew by almost €3m in less than a week.
Lendermarket was founded in 2019 by the loan originator Creditstar to fund its growth. In April this year, the company revealed that is investors have earned more than €10m to date.
Read more: Lendermarket adds new originator
By March 2023, the firm had facilitated €310m in loans, with zero losses to date. It is now eyeing an expansion of its business model as it actively seeks to onboard new loan originators, including UK-based P2P lenders.
The platform is open to investors from across Europe and the UK, and its largest investor markets are Germany, Spain and Bulgaria.
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