Hive5 attributes July drop in loan volumes to seasonal slowdown
Hive5 saw its lending volumes fall by 7.5 per cent month-on-month in July, which it attributed to “market seasonality”.
The Croatia-based peer-to-peer lending marketplace said that it originated just over €2.4m (£2m) last month, across 3,809 loans.
This was down from €2.6m in June.
However, despite the “usual seasonal slowdown in investments”, Hive5 said that 233 new active investors joined the platform in July, bringing the total up to 3,069.
Read more: Hive5 cuts interest rates on Polish originator’s loans
The latest statistics bring Hive5’s total lending to date to just over €13.8m, while the platform has now repaid over €10m since inception.
“Besides our core operations, Hive5 also engaged in creative works, such as producing video content featuring Ekspres Pozyczka’s chief executive,” Hive5 said.
“In addition, we have published significant financial reports on our company, Hive Finance, Hive5 and Ekspres Pozyczka. This initiative strengthens our presence as a trusted P2P platform within the financial sector. We are pleased that Hive5’s dedication to fostering transparency and responsibility continues to attract investors.”
Hive5 revealed last month that it hopes to build a €30m loan portfolio by the end of 2023.