This month, loan originations are the star of the show. Since increasing steadily from the end of last year, we’re now celebrating the highest amount of loan originations since March 2020! A total of €9,224,228 was issued in loans in April 2021 and we’re hoping to breach the €10M mark next month… Check out more highlights in this in-depth look at the April Bondora portfolio:
In April, 4,175 people joined Bondora, bringing the number of investors to 162,437. Fun fact: This is the highest number of new investors for 2021 thus far. In total, over €428M has been invested, and investors have earned more than €52M in returns over the last 13 years.
After a fantastic March, Bondora investments continue to build on the momentum we’ve seen in Q1 and are growing steadily every month. In April, a total of €9,044,042 was invested across Bondora—the highest we’ve seen in over a year. This continuous growth in product funding is very promising. Go & Grow takes the credit for this impressive increase, as a total of €8,392,850 was invested into our most popular product. It also passed the €8M mark for the first time this year. All our investment products also showed steady increases.
After the tremendous results in March’s collection and recovery process, we divert back to more standard yet impressive figures in April. A total of €886,627 was recovered across all countries, with the majority being from Estonia (€480,416) and Finland (€297,110). In April, the most recoveries were conducted during the Bailiff stage of the collection process.
Secondary Market activity is picking up again after dipping in February and March. €240,231 was transacted on the market, with Manual transactions, once again, making up the bulk of activity. It made up 65% of all transactions. Interestingly enough, Portfolio Manager transactions increased, and API and Manual Transactions decreased. We’ll go into more detail on this later this month.
Things are looking good for loan originations. Every month the total increases, which is a very welcome sight indeed. In April, a total of €9,224,228 loans were originated by Bondora. Finnish loans show no sign of backing down as they grew by a tremendous 84% to a total of €2,554,078 loans issued. This is quite the jump from the 6.4% growth rate in March. Perhaps their exponential growth will continue longer than expected? Estonian loan originations also increased, but by a more gradual 5.2%.
April continues to build on the growth we’ve seen since the end of 2020. As we enter Q2, we’re feeling optimistic and excited about what the year holds. Our financial results for 2020 will also be released soon, so keep an eye on the blog for more on that!
If you enjoy these breakdowns, follow our blog for weekly, more in-depth analyses of the Bondora market. Every month we take a detailed look at aspects like:
- Product funding
- Collection and Recoveries
- Loan originations
- Secondary Market
So, stay tuned to better determine your investment strategy, loan portfolio preferences, and more.
