KEY TAKEAWAYS Finland experienced a mild increase in past year average recovery performance moving up to 47% from 45% last month. Other performance changes were mostly mild with the average across all countries dropping to 49% from 52%. Slovakia saw the largest drop in performance dipping down to 57% from 75% as seen in last … Continue reading “Performance of recovery process – July 2017”
News from around the world PeerIQ released a 2017 Q2 report indicating that the “quarter saw nine marketplace lending securitizations with quarterly issuance of $3.0 Bn, representing 76% growth over 2Q 2016. To date, cumulative issuance equals $21.9 Bn across 92 deals.” The report adds several other financials to support the notion that P2P lending … Continue reading “Weekly industry news roundup – July 18, 2017”
We are excited to announce the launch of a new feature called “Portfolio Pro”. This has been developed based on the feedback received from the Bondora investor community over the recent months, so we would like to take this opportunity to say thank you to everyone. What is Portfolio Pro? Simply put, it is a … Continue reading “Be a Pro, with Portfolio Pro”
We are proud to announce that we have reached profitability in the first half of 2017 with the net profit of €300 000. The revenue goal for this year is €7 million. This growth is a natural result of our efforts to bolster product offerings. Our strong start to 2017 places us on a small … Continue reading “Bondora Group is profitable in 2017”
POSTS FROM PAST WEEK We’re removing all fees from the Direct Sell feature We’re helping investors get closer to their goal of a great return by removing the Direct Sell fee. Investors can use this feature to sell individual loans and entire portfolios to other investors or even consolidate their holdings. Read more about it … Continue reading “Direct sell fees removed, weekly finance news and June’s origination summary”
Just over a two months ago we released our Direct Sell feature, allowing investors to sell loans directly to other investors from their Investments page. Direct selling also means investors can sell an entire portfolio of loans to other investors or even consolidate their own holdings. Now we’re making direct selling even easier. Were removing … Continue reading “We’re removing all fees from the Direct Sell feature”
News from around the world Altfi published a piece looking at various emerging trends in finance. The author discusses how many marketplace lenders are applying for banking licenses. This move enables more P2P businesses to offer more products like credit cards and overdrafts. *** CreditEase, a fintech company based in China, released an article discussing … Continue reading “Weekly industry news roundup – July 10, 2017”
June’s originations came in at €2,778,332, outpacing the months of February and May, although the total was below the monthly average for 2017 of €2,845,226. Just over half of this total came from loans rated in the “B,” “C,” and “D” range. However, there was something of a polarizing effect with regard to risk. The … Continue reading “Monthly origination summary for June 2017”
POSTS FROM PAST WEEK We’ve been nominated by the European Fintech Awards 2017 We’re proud to announce that we have been nominated by the European Fintech Awards for best Alternative Finance site and we need your help! We’re asking our users to help out by voting for us. All you need to do is visit … Continue reading “Fintech Award nomination, finance industry news and new notification feature”
At Bondora, we’re proud to announce that we have been nominated by the European Fintech Awards 2017 for best Alternative Finance platform and we need your help! We’re asking our users and followers to help out by voting for us. All you need to do is visit our nomination page and click “Vote Bondora.” It’s … Continue reading “We’ve been nominated by the European Fintech Awards 2017”