Hive5 sees 29pc rise in loan volumes in June
Hive5 reported a 29 per cent month-on-month increase in originated loans in June.
The Croatia-based peer-to-peer lending marketplace said that it originated 3,585 loans last month, totalling €2,606,902 (£2,232,642). The average interest rate of loans originated in June was 16.22 per cent.
June’s originations bring Hive5’s total loan volume since inception to €11,390,830.
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The platform said it had 2,836 active investors in June – an increase of 49 per cent in comparison to May.
It has repaid €176,018 in interest to date.
“As we enter the mid-year mark, our team is pleased to share a remarkable 29 per cent increase in originated loans last month,” said Hive5 in a blog post on its website. “Additionally, we are happy to see the growing community of 2,836 investors contributing to the platform’s growth and success. The continued participation highlights their trust in us. It is the primary motivation for growing.”
Hive5 recently started a YouTube channel in which founders Ričardas Vandzinskas and Andrius Rupšys discuss the beginnings of the company.
“The first thing that we launched, is we started our operations in Poland with issuing the consumer fully digitalised online consumer loans,” said Vandzinskas. “We have a fully runnable in-house core system supported by the experienced technology team who are working on a global basis.”
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“We launched Hive5, our P2P marketplace in Croatia,” he added. “We rolled out in September [2022] and we have almost 2,000 investors regularly investing and growing their wallets. We have exceeded over €8m of funded loans.”
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