2022 Q4: Go & Grow Portfolio Review

Do you want to know more about how Go & Grow works? Are you curious to know more about the underlying portfolio? Well, then, this portfolio review article is perfect for you.

We’ll take a closer look at the Go & Grow 2022 Q4 portfolio distribution, the percentage division amongst loan ratings, and more interesting statistics about the people investing in Go & Grow.

Let’s dig in!

Grow your future wealth effortlessly with Bondora.
Grow your future wealth effortlessly with Bondora.

Go & Grow is Bondora’s easiest way to invest. We currently have over 141,000 people actively using their accounts to grow their wealth hands-free! The main reason why it’s so popular is that it’s super easy to use, 100% online, and people don’t need to waste valuable time figuring out complicated investment funds. Go & Grow is the simple solution!

The Go & Grow App also takes effortless investing to a different level with exciting features that make investing, and your life, easier.

Go & Grow portfolio: Credit ratings

Diversification is at the core of our business, and the Go & Grow portfolio is the poster child for diversification. Instead of investing everything in only one credit rating, we spread investments across 8 ratings, from the lower risk AA to the higher risk HR.

By investing in several different loan pieces across multiple ratings, the Go & Grow portfolio helps you easily get the most out of your investment.

Go & Grow Credit Rating Portfolio Overview – December 2022
Go & Grow Credit Rating Portfolio Overview – December 2022

In the last quarter, B and C-rated loans were the only risk ratings to increase. However, in Q4, C, D, and E-rated loans were the only increasing risk rating categories. The remaining ones all decreased.

Once again, the most significant share and growth came from C-rated loans. This risk rating category increased from 34.7% at the end of Q3 to 37.9% at the end of Q4.

D-rated loans increased slightly from 21.4% to 21,6% and remain the 2nd largest category in the Go & Grow portfolio.

For the 2nd quarter in a row, the B-rated loans remain the 3rd largest category with a slightly smaller 12.0% share. Once again, following in a close 4th place is E-rated loans with a smaller 11.8% share. F-rated loans follow in 5th place, with 10.3%.

HR-, A- and AA-rated loans remain the outlier with the lowest distribution figures. HR-rated loans still have the smallest share, remaining at 0.8%. AA and A-rated loans both decreased slightly.

This risk-rating split is mirrored in the overall Bondora portfolio (as shown below in the Total Bondora origination by rating and country chart lower in this blog post).

Go & Grow portfolio: Country of origination

The year ended with the strongest quarter for originations of 2022. The Q4 total originations was €45,275,927 – the highest of the year. This is an average of €15,091,976 per month. December was also the best-performing month of the year, with €16,107,253 originated across Estonia, Finland, and Spain. The Netherlands market was closed for more testing but was reopened in January 2023.

Go & Grow Portfolio Distribution per Country

After steadily climbing every month, Finland has finally surpassed Estonia as the market with the largest share of originations. It now has a 46.9% share.

Estonia’s share declined to 45.9%, just 1% less than the Finnish share.

Continuing its growth trajectory, Spain continues to grow, now with a bigger share of 7.2%. Since September, this market has been steadily originating well over €1M worth of loans every month. It had its highest amount for 2022 in November, with €1,174,809.


Go & Grow portfolio distribution by country – December 2022
Go & Grow portfolio distribution by country – December 2022

Loan Origination Risk Rating and Country Split

Below is the total distribution of originations across Bondora (not only for the Go & Grow portfolio) in December 2022 (the end of Q4).

It is no surprise that C-rated loans remain the most populated risk-rating category across all markets. Estonia’s C-rated share decreased once again from 20.8% to 18.9%. However, the E- and F-rated loans increased dramatically. E-rated loans grew from 1.5% to 4.0%, and F-rated loans increased from 0.7% to 2.1%.

In Finland, C-rated loans declined somewhat from 49.1% to 45.8%. But its D-rated category made up for it, increasing from 5.1% to 11.7%.

C-rated loans make up the largest category in Spain, declining from 7.6% to 6.3%. And its recently introduced D-rated category climbed from 2.1% to 6.5%.

In December, no B-rated loans were issued in Estonia. And the Finnish B-rated loan share decreased from 2.5% to 1.9%.

If you want to read more about our portfolio stats, follow the regular updates on our blog.

Total Bondora origination by rating and country – December 2022 (€16,107,253 total originations).
Total Bondora origination by rating and country – December 2022 (€16,107,253 total originations).

Go & Grow Unlimited – our easiest way to invest

We like to keep things simple and effective. And we believe that’s what makes Go & Grow so great. There’s nothing complicated; it’s super easy to use and our simplest way to help you grow your money online.

5 reasons to invest with Go & Grow Unlimited:

🌱 Up to 4%* p.a. net return

🌱 Incredibly easy to use

🌱 Start with as little as €1

🌱 Zero annual management fees

🌱 Invest ANY amount – no limits!

Unlimited is the latest tier of Go & Grow where you can invest with no monthly or overall limits and earn a competitive net return of up to 4% p.a.* If you joined Bondora before 24 August 2022 and have a pre-existing Go & Grow classic tier, it will continue earning up to 6.75% p.a. independently.

Once activated, you can add money directly to your Unlimited tier from your bank account using your unique Go & Grow Unlimited reference text.

Investing without limits
Investing without limits

Go & Grow on the go

You’re missing out if you haven’t downloaded the new Go & Grow app! With 41,000 active investors every month, don’t you think you should try it too?

The app allows you to create and update your unique investing goals, make instant payments, check your investment growth, withdraw your money anytime, and so much more.

It has all the core features of the web-based Go & Grow but with the convenience of fitting into your pocket. It also makes transferring money from Wallet into your chosen Go & Grow or Go & Grow Unlimited even easier.

More than 13,000 people use the Go & Grow App daily, so make sure you try it today!

We release new features regularly, so make sure you download the app from the Google Play store or the Apple app store today.

Are the Go & Grow and Go & Grow Unlimited return rates guaranteed?

While it’s great to say we’ve delivered on our promises to investors so far, we want to ensure you’re aware of possible risks.

The return rates for Go & Grow and its Unlimited tier are not guaranteed; however, with our solid 14-year track record, we believe the return rates are achievable.


The plan for Go & Grow and its Unlimited tier was always to have a product with fast liquidity for investors.

So, if Bondora cannot fulfill all withdrawals from Go & Grow and the Go & Grow Unlimited tier, two scenarios will follow (and will be decided by whichever occurs first). We have simplified them into two points below; however, please see your Terms of Use for a full description.

  • The investor will receive their entire withdrawal once there’s enough money available in the Go & Grow portfolio, generated via other returns or investments.
  • The investor will receive partial payouts of their withdrawal each banking day until the entire withdrawal has been fulfilled.

Want to know more about Go & Grow Unlimited? Click here.

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