Bondora Blog

We finished the last year on a major improvement to Bondora; we introduced Bondora Rating and risk-based pricing to make investing across multiple markets easier, more transparent and more consistent. This change was imminent to accommodate the new investors, who did not have or were not willing to develop the sophistication of early adopters, but…

We have finalized a new bankruptcy-remote legal structure that is suitable for EU and non-EU investors, both natural and legal entities (incl. non-financial legal entities). The new structure will reduce compliance and operational risks for investors on the platform. The new structure will be rolled out by end of August and a separate notification sent…

In the upcoming weeks we are going to release a few major improvements to the loan application process aimed at limiting the time the investors’ capital is locked in the loans and does not generate return. Earlier this summer we started factoring in funding availability when making loan offers to the borrowers, and we already…

‘Unicorn’, a favorite VC buzzword, has been steadily growing in search volume alongside ‘FinTech’ during the last few years. See Google Trends for comparison. This was the case even before Aileen Lee’s TechCrunch piece. The hunt for companies with >$1bn valuation has been on for a few years, and FinTech now has 36 of them…

In the beginning of the summer we set our focus on fighting a problem that was constantly raised by both Investors and Borrowers: namely, some of the loans that are brought to the Primary Market do not get sufficient funding and are eventually cancelled. As the result, Borrowers do not get loans and need to…

The article by Bondora CEO and co-founder, Partel Tomberg, originally appeared in the European Credit Research Institute Newsletter. Marketplace lending will make universal banks obsolete by giving everyone the opportunity to provide capital directly to consumers and businesses. Every consumer and small business should have an option to find the best service provider for every…

We are implementing some changes and updates to our public and investor data export data sets. The updates are mainly done in two areas: Adjusting and adding data fields to reflect better the recent changes to the business processes. Standardizing the data and fixing some known issues. Changes will include: The second application in the…

We are extending our C&R (Collection and Recovery) efforts with the help of specialized collection agency services. For the past six months or so we have worked on enhancing and simplifying the C&R efforts to maximize your returns. We have automated messages going out with payment reminders as well as overdue notifications with email, SMS and…

Due to the way the XIRR (extended internal rate of return) mathematical formula works, the result can be relatively volatile in cases where only a few actual transactions have happened. Especially if the first transactions for the investor are done on the Secondary Market with considerable mark-up/discount. To reduce this volatility and to give a better overview for…

As per request from many of our investors, we are now also adding two more rows to the Recovery Statistics table, that highlight the amount that has been recovered so far. The first new row will show the amount of principal that has been recovered after the loan defaulted and the second one shows the…