Bondora actively working on scaling loan services across Europe
Bondora’s chief executive has revealed that the European peer-to-peer lending platform is looking to expand into new markets and products.
In a 2023 Q&A video with founder and chief executive Pärtel Tomberg, he states that the company is actively working on scaling and expanding Bondora’s loan services.
Last year the company launched in the Netherlands, and now has its “sights set on Latvia, Lithuania, Denmark and Slovenia.”
Read more: Bondora reports over €750m invested as it marks 15th birthday
Tomberg also explained that the company is testing out new products for borrowers with a new service being trialled in Estonia, as well as expanding into new loan markets that will allow more people in Europe to grow their money.
A credit card could also be in the works, but more feedback is needed from customers and Bondora is “analysing the best value proposition” it can offer, he said.
In March of this year, Bondora celebrated 15 years in the industry, during which time it has seen over €763m (£671) invested into the platform and earned €93m for over 200,000 investors.
Read more: Bondora reopens Netherlands market
Formed in 2008 in the Estonian capital, Tallinn, the company was originally known as Sõbralaen and was renamed Isepankur before changing to Bondora in 2014.
The company now has 170 staff, and operates in primarily in Estonia and Finland, as well as Spain and the Netherlands.
Read more: Bondora raises Go & Grow limit