Bondora expands into Latvia
European peer-to-peer lending marketplace Bondora has expanded into Latvia.
This will be the fifth market for the Estonia-headquartered firm, which operates in its domestic market, Finland, Spain and the Netherlands, where it launched in 2022.
“We’re happy to announce that customers in Latvia can now access Bondora’s convenient online credit financial services,” Bondora said in a blog post on its website.
Read more: Bondora sees Netherlands monthly originations surpass €1m for first time
“With every new market the Bondora Group company launches, your investment portfolio becomes more diversified. This helps to decrease the potential risks and increase the stability of your investment, giving you even more peace of mind.
“We’re tremendously excited to bring Bondora loans to our Baltic neighbour and can’t wait to see how this market will perform.”
Bondora’s chief executive Partel Tomberg outlined his platform’s ambitions to expand into new markets earlier this year.
In a Q&A video published on Bondora’s website, Tomberg said the company is actively working on scaling and expanding Bondora’s loan services.
Other markets on Bondora’s radar include Lithuania, Denmark and Slovenia, he said.
In March this year, Bondora celebrated its 15th birthday, during which time saw over €763m (£654) invested into the platform and earned €93m for over 200,000 investors.
Read more: Bondora unveils new broker partnership in Finland
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.