Loans issued in August 2017 came in at €2,926,457. The figure is well above the running average for the year. August was the third strongest month for originations in 2017 outpaced by only January and March. As a new and younger demographic enters the workforce more are turning to the convenience, speed and affordability of … Continue reading “Monthly origination summary for August 2017”
This week we introduced a new feature which allows you to remove your investments from sales when a borrower makes a payment. One of our investors, Sebastian, reached out to us and told that sometimes the data on loan repayments is not available enough for investors to optimize their portfolios. He wanted a way to remove loans from the … Continue reading “Remove loans from sale when borrowers make payments”
News from around the world Forbes had a creative take on marketplace lending suggesting that it could be used to handle high interest debt. The author suggests that the “soft pull” on one’s credit report is less burdensome to a credit score. In many cases the interest rate will be less and therefore more amenable … Continue reading “Weekly industry news roundup – September 11, 2017”
News from around the world AltFi published an article examining the question of whether or not the marketplace lending sector in the U.S. has recovered. The writer looks at recent upheavals in the industry exhibited by layoffs and a few bankruptcies. Despite these problems P2P lending remains on solid footing and has, in fact improved … Continue reading “Weekly industry news roundup – September 4, 2017”
Key takeaways In Spain, the last three quarters have brought in significant realized return figures. Estonian loans have shown the most stable returns for investors – the average net returns are aligned or outperforming their targets. Finland’s lower risk ratings appear to be quite volatile in relation to their target figures. Actual and targeted bondora … Continue reading “Bondora portfolio performance – July 2017”
Last week we added a new payment method for our investors – Trustly Online Payment. Trustly is a payment method that makes it easy to deposit to Bondora directly from your bank account. It currently supports over 3,300 banks in 29 European countries. Is it safe to use Trustly? Yes! Trustly is a licensed payment … Continue reading “Faster and safer deposits to Bondora with Trustly”
KEY TAKEAWAYS Q2 of 2017 gave a small boost to average recovery rates for past year in both Finland and Spain. From Q2 of 2016 to Q2 of 2017, the average recovery For Finland was 59% and for Spain 32%. Estonias recoveries have been very stable once again. Average recovery for 2015 dipped one percent … Continue reading “Performance of recovery process – August 2017”
Originations for July 2017 were strong, reaching a total of €2,851,766 which is just over of the average monthly origination for 2017 of €2,846,160. The month outperformed the totals for May, June and February. “HR” rated loans represented the largest share at almost 19% of the total. Investors continue to seek a measured approach to risk … Continue reading “Monthly origination summary for July 2017”
News from around the world Market Insider reported on the the second annual summit for Online Lending Policy Institute in Washington, DC. The author explains that the meeting is designed to be an “opportunity for industry participants to share insights, propose standards, and have an open dialogue with regulators and policymakers to build consensus viewpoints … Continue reading “Weekly industry news roundup – August 14, 2017”
We are also giving away €1,000 in cash to make it worthwhile for you to support us. Let us know if you have a friend, colleague or a family member that would be perfect for the Senior .NET developer position at Bondora. First take a look at the job description and make sure the person … Continue reading “Help us find our new Senior .NET developer and earn €1,000”