Originations Surpass €19M & Investments Exceed €20M

2023’s figures continue to exceed expectations. Investments for February topped €20M for the first time in years, with a total of €20,660,543. Increasing by 12.2%, loan originations totaled €19,228,733. This is the highest origination figure we’ve seen since 2019! Investments and originations are up from January’s figures. Read on for more:

View from the top: Loan originations surpass €19M as investments exceed €20M.
View from the top: Loan originations surpass €19M as investments exceed €20M.

Investment by product

Investments rose by a massive 20.9%, which totaled €20,660,543. This increase was uncharacteristic and presumably due to our changes to Portfolio Manager and Portfolio Pro (read more here).

Investment by product – February 2023
Investment by product – February 2023

Go & Grow received €18,652,183, increasing from €16,560,635. Portfolio Manager received €302,822, decreasing from January’s €312,998. Portfolio Pro had a mammoth growth spurt of €1,694,883, compared to the previous €211,733. Similarly, the API’s investment amount skyrocketed to €10,655 from the previous €1,891.

View the specific figures for each investment product here:

Go & Grow                      + 12.6%
Portfolio Manager         – 3.3%
Portfolio Pro                   + 700.5%
API+ 463.5%

For the first month in what seems like ages, we see a variance in the shares of the different investment products. Go & Grow’s share decreased to 90.3%, and Portfolio Pro increased its share to 8.2%.

You can see it in more detail by comparing January and February’s pie charts below:

Investment by product – January 2023
Investment by product – January 2023
Investment by product – February 2023
Investment by product – February 2023

Loan originations overview

Loan originations skyrocketed in February, continuing its growth trajectory from the start of 2023. This totals €19,228,733—the highest origination amount in years. The majority of originations came from Finland, totaling €13,912,625. The Netherlands and Finland’s figures increased from January’s stats, while Spain and Estonia’s decreased.

Loans by country

Finland still has the largest share of all our loan markets. It increased its origination total by 22.4% to €13,912,625. Naturally, this equals the largest share of originations, which is 72.4%.

The Netherlands market performed well in February, increasing by 273.0% to €195,536 in loan originations. This accounts for a 1.0% share. We are still doing tests and analyzing the performance, so we don’t expect too much activity yet.

Estonian originations totaled €4,197,694, a 7.9% decline from January and a 21.8% total share.

After rebounding from December’s decrease, loan originations in Spain declined again in February. This time by 20.8% to a total of €922,878 in originations. This equals a 4.8% share.

Loan interest rates

The average interest rate dropped slightly in February, from 19.8% to 19.5%. Once again, the average Spanish interest rate remains at 21.8%. Estonia’s average interest rate decreased to 18.8%. And in Finland, it declined by 0.1% to 19.7%. The Dutch market average interest rate increased to 9.2%.

Origination by country – February 2023
Origination by country – February 2023

Loan risk-rating categories

The trend of most popular risk ratings that emerged in January continues in February. C-rated loans are the most populated risk-rating category overall, but not in each market.

Estonia’s C-rated share decreased again in February, from 9.9% to 6.2%. But unlike January, D-rated loans decreased their share (from 8.5% to 4.8%). E-rated loans grew slightly, while F-rated loans decreased from 2.1% to 0.9%. B-rated loans had the largest increase, growing from 1.9% to 5.2%. HR loans are now also added, albeit with just a 0.01% share.

In Finland, C-rated loans decreased from 51.3% to 31.5%. On the other hand, its B- and D-rated categories increased. AA-, A-, E-, and F-rated loans were also added to the Finnish loan portfolio.

In Spain, D-rated loans still have the largest category, despite declining from 6.0% to 4.2%. C-rated loans only make up 0.6%.

In the Netherlands, we now only originate A-rated loans, taking a 1.0% total share.

Origination by rating/country – February 2023
Origination by rating/country– February 2023

Want to see more detailed information? Head to our public statistics page for the most up-to-date stats!

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