April 6, 2021,

🏆 Bondora breaks debt recovery record…again!

Bondora Go & Grow

Editorial team

Bondora had plenty to celebrate in March. Not only did we get the highest level of originations for 2021 to date (over €7.7M), but we also broke a record in our debt recovery and collection processes. March 2021 is the first time in history that over €1M was recovered! How incredible is that? Check out more highlights in this in-depth look at the March Bondora portfolio:

March 2021 is the first time in history that over €1M was recovered!

In March, 3,496 people joined Bondora, bringing the number of investors to 158,262. In total, over €418M has been invested, and investors have earned more than €52M in returns over the last 13 years.

158,262 people have invested over €418M and earned €52M

March was a fantastic month for Bondora. In fact, when it comes to our product funding, it’s our best month of the year thus far 🎉 March investments totaled €7,707,127, which is a whopping €1,244,395 more than in February. Go & Grow investments are mainly responsible for this impressive increase, as investments into our most popular product passed the €7M mark for the first time this year. It accounts for €7,144,076 of all product funding. All investment products had considerable increases.

March has been an incredibly successful month for our collection and recovery process. We collected €1,295,673 in March, which is the first time we’ve collected more than €1 million in one month. Not only that, but it’s 52% higher than our previous record from November! Thank you to everyone’s hard work on this: It was a tremendous cross-team effort. As in previous months, the majority was recovered in Estonia (€768,009), with Finland in second place (€352,883).

For the first time in months, the Secondary Market is not following ‘protocol.’ For nearly the last year, Secondary Market transactions waxed and waned each month. Still, in March, it declined further from its February dip. The total value of transactions was €269,831– declining further by €24,851 from February. One thing remains certain: Manual transactions continue to be the most popular by a landslide, once again taking up 69% of the total share. On the other hand, API and Portfolio Manager transactions decreased.

Loan originations increased to its highest level in 2021 to the value of €7,707,127. Estonia still has the largest share of loan originations – garnering 82% of all loan originations. It also showed significant growth for the first time in two months – climbing by 22.8%. Finnish loans continue to build on the momentum that’s been growing since December. However, the exponential growth rate we’ve seen since 2020 might begin to stabilize. After nearly doubling in February, it grew by only 6.4% in March.

March has been a good month for Bondora, and we continue to feel positive about the year ahead of us. Finnish loan originations are stabilizing, and Estonian originations are growing sustainably again. We’re also seeing a steady influx of investors who want to build their wealth with Go & Grow. We also celebrated a tremendous achievement with our debt collection process. All in all, March was great!

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
Recoveries
Secondary Market
Loan originations

So, stay tuned to better determine your investment strategy, loan portfolio preferences, and more.

Bondora Go & Grow

Editorial team

At Go & Grow, our Editorial Team combines years of fintech experience with a passion for financial education. We’re here to share trustworthy insights, platform updates, and easy-to-understand investment tips for everyone.

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Frequently Asked Questions

How is Bondora regulated?
Bondora Capital’s business model is unique, with no direct precedents in the market. As such, there is currently no specific regulatory license that directly applies to our Go & Grow product. However, we work proactively with regulators across the EU to ensure full compliance with all applicable local laws and regulatory frameworks.

To support this, we regularly publish financial updates, audited annual reports, and disclosures, reinforcing our commitment to transparency and investor trust.

At the same time, Bondora Capital is subject to all relevant general regulations, including (but not limited to) the Estonian Consumer Protection Act, the Law of Obligations Act, the Commercial Code, the Accounting Act, the Competition Act, and the General Data Protection Regulation (GDPR).

Additionally, Bondora AS, a member of the Bondora Group, operates as a Licensed Credit Provider under the supervision of the Estonian Financial Supervision and Resolution Authority. In Finland, we operate through a licensed branch regulated by the Finnish Financial Supervisory Authority. We also hold an operating license in Latvia, supervised by Latvijas Banka, and have recently received regulatory approvals to operate in both Denmark and Lithuania.
Are Bondora AS's loans secured?
Bondora issues unsecured loans, meaning credit customers are not required to provide collateral. This approach allows us to offer a faster, simpler, and more accessible lending experience.

Risk is mitigated through multiple layers of protection. Our underwriting process is powered by predictive, data-driven models, trained on deep datasets collected over 17 years. Each borrower is carefully evaluated using a wide range of creditworthiness indicators before any loan is issued.

With Go & Grow, your investment is automatically diversified across hundreds of thousands of loans in multiple countries. This significantly reduces individual borrower risk and adds a layer of protection against regional or geopolitical events.

In the rare event of non-payment, we follow a structured recovery process, working with professional debt collection agencies and, when needed, escalating cases through local legal channels to pursue repayment.
What happens when a borrower doesn't repay?
At Bondora, we do a lot to prevent repayment issues before they happen. Our advanced data models carefully assess each borrower’s creditworthiness, using historical data and predictive analytics to minimize the likelihood of default from the start.

If a payment is delayed, we act quickly but thoughtfully. From the first day of the delay, we reach out to the customer via email, SMS, and automated calls to remind them of their delayed payment and offer flexible options to get back on track. The aim is to find a solution together, whether that means a new payment date or a short-term adjustment.

If the situation doesn’t resolve, we may involve our internal teams or trusted partners to continue the dialogue and explore further options. In some cases, if communication is unsuccessful, the matter may be escalated to the local legal system in line with standard procedures. Legal steps are always a last resort, and the goal is to find the best possible outcome for everyone involved.

Throughout this process, our focus remains on recovering outstanding amounts responsibly and respectfully while protecting investors’ interests.

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What are temporary partial payouts?
Under normal conditions, your Go & Grow withdrawal is paid in full with a single transaction near-instantly. However, in rare and extraordinary circumstances, partial payouts may be activated temporarily. This means your withdrawal will be split into smaller, daily payments until the full amount has been delivered. Only one €1 withdrawal fee applies once you’ve received the full amount.

This protective feature was built into Go & Grow from the start to help maintain stability and safeguard investor returns, so you can stay on track and stay earning, even when the world feels uncertain.

In Bondora’s 17-year history, partial payouts have only been activated once.

While we aim to keep Go & Grow fully liquid, this feature ensures that when conditions require it, your investments remain protected and continue to work for you.
What happens to my investments if Bondora goes bankrupt?
Your money is protected. Even in the highly unlikely event that Bondora Capital becomes insolvent, your investments remain yours. Investors legally own the loan claims, not Bondora Capital.

This means Bondora’s financial situation does not affect the legal ownership of those claims—they continue to belong to the investors. The claims are not part of Bondora’s bankruptcy estate.

Risks related to Bondora as a company are separate from the risks associated with your investment portfolio. Simply put, if Bondora disappears, your investment doesn’t.