Bondora reports 37pc drop in loan originations in April
Bondora Group has reported seeing a 37 per cent drop in loan originations in April compared to last month’s peak.
The European peer-to-peer lending marketplace said it issued €19,163,154 (approx £16.1m) in loans, down 37.6 per cent from March’s €30,701,100.
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It said the dip came as it optimised its marketing spend during the first part of the month, which led to fewer net borrowers overall, but added that volumes picked back up again towards the end of April and it is “already seeing the usual pace return across our markets”.
During last month, 2,314 new investors joined the marketplace, while investors added more than €30m to their Go & Grow accounts, a 13.4 per cent increase from March.
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It comes after the business recently defended a sharp fall in its net profits last year, which dropped from €3.4m in 2023 to €1.2m in 2024.
The firm said in a statement that the decline in net profit and the increase in doubtful receivables were both primarily due to a one-off accounting adjustment related to changes to its fee receivable provision model.
Read more: Bondora Group defends sharp fall in net profits
