Bondora had plenty to celebrate in March. Not only did we get the highest level of originations for 2021 to date (over âŹ7.7M), but we also broke a record in our debt recovery and collection processes. March 2021 is the first time in history that over âŹ1M was recovered! How incredible is that? Check out more highlights in this in-depth look at the March Bondora portfolio:
In March, 3,496 people joined Bondora, bringing the number of investors to 158,262. In total, over âŹ418M has been invested, and investors have earned more than âŹ52M in returns over the last 13 years.
March was a fantastic month for Bondora. In fact, when it comes to our product funding, itâs our best month of the year thus far đ March investments totaled âŹ7,707,127, which is a whopping âŹ1,244,395 more than in February. Go & Grow investments are mainly responsible for this impressive increase, as investments into our most popular product passed the âŹ7M mark for the first time this year. It accounts for âŹ7,144,076 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 âŹ1,295,673 in March, which is the first time weâve collected more than âŹ1 million in one month. Not only that, but itâs 52% higher than our previous record from November! Thank you to everyoneâs hard work on this: It was a tremendous cross-team effort. As in previous months, the majority was recovered in Estonia (âŹ768,009), with Finland in second place (âŹ352,883).
For the first time in months, the Secondary Market is not following âprotocol.â 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 âŹ269,831â declining further by âŹ24,851 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 âŹ7,707,127. Estonia still has the largest share of loan originations â garnering 82% of all loan originations. It also showed significant growth for the first time in two months â climbing by 22.8%. Finnish loans continue to build on the momentum thatâs been growing since December. However, the exponential growth rate weâve 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. Weâre 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.
