Hive5 marks its first birthday with more than €13m lent to date

Hive5 celebrates its first birthday on 10 August.

The Croatia-based peer-to-peer lending marketplace had 3,069 active investors in the first year and reached a total loan volume of €13,802,313 (£11,902,807).

Read more: Hive5 sees 29pc rise in loan volumes in June

“I want to thank everyone who has played a role in our exciting journey,” said Ričardas Vandzinskas, chief executive of Hive5.

“The first year of the business was full of challenges but mostly successful and marked by impressive achievements and a clear vision for the future. The support of our professional team, dedicated business partners, and every single investor has driven the platform’s achievements. We are excited to continue shaping the future of alternative investments and look forward to all the possibilities that lie ahead.”

Read more: Hive5 cuts interest rates on Polish originator’s loans

On a blog on the website, the company said it has repaid €210,660 in interest to its investors since inception proving the “commitment to providing perfect value and fostering long-term relationships.”

The platform has also listed €16,960,653 in loans.

“While celebrating our achievements, we still look forward and work for an even brighter future,” said Hive5.

“Our team has set ambitious plans to expand the loan offerings, aiming to surpass an accumulated portfolio of €30m by the end of 2023. Additionally, we are focused on enhancing the user experience. We will continue integrating new functionalities, ensuring investors have the best tools to make informed decisions and manage their portfolios effectively.”