European peer-to-peer lending market Bondora reported a dramatic improve in investments throughout the month of February, because the platform celebrated its sixteenth anniversary.
A complete of €28,742,661 (£24,509,314) was invested final month, up from €18,802,472 in January. Bondora attributed this to the platform’s anniversary celebrations, which included mountaineering its most funding limits, and operating a contest for energetic buyers.
For the 4 weeks main as much as the platform’s birthday on 21 March, anybody who provides at the least €100 to their Develop & Go account might be entered into a contest the place they will win a weekly prize of €1,000, or a grand prize of €16,000.
The platform welcomed 2,068 new buyers throughout February, in addition to 2,320 in January.
Learn extra: Bondora originations and investments dip in September
Nonetheless, regardless of the spike in investments, the worth of mortgage originations dropped month on month. In January, Bondora’s prospects originated €15,757,555 price of loans, versus . €13,789,269 in February.
Nearly all of the loans originated in Ferbaury had been based mostly in Finland.
“As we’ve seen with different tendencies final 12 months, Finland stays the market with essentially the most mortgage originations, taking over the overwhelming majority each month,” mentioned a Bondora spokesperson.
Learn extra: Bondora raises Go & Develop restrict to €1,000
“Estonia follows in second place, and thereafter, the Netherlands, which continues to be a comparatively new market to us.
“Latvia is the newest new mortgage market the Bondora Group launched and we’re anticipating this market share to stay the smallest for the approaching months as we develop our model and presence there.”
Bondora formally expanded into Latvia in December 2023. By February 2024, Latvian loans claimed a 0.12 per cent share of the platform’s general portfolio.
Learn extra: Bondora expands into Latvia
