We finished the last year on a major improvement to Bondora; we introduced Bondora Rating and risk-based pricing to make investing across multiple markets easier, more transparent and more consistent. This change was imminent to accommodate the new investors, who did not have or were not willing to develop the sophistication of early adopters, but rather sought the premium returns Bondora provides.

This year marked a point in time when marketplace lending went truly mainstream with the investors on both sides of the spectrum, from retail investors to global hedge funds, joining the game. In order to accommodate the changing landscape of investors and continue on our mission of “lending beyond borders” we aim to evolve Bondora to the new level by the end of this year.

The core product will remain intact; namely, we will continue growing the supply of investment opportunities across the markets we operate, as well as remain as transparent as possible about the data we collect about the borrowers. However, the way Investors will be able to invest into loan listings will change:

Passive Investing: Bondora.com (or the web layer) will transition to being a product geared solely towards passive investors. In practice it means the following:

  • We will replace Portfolio Manager and Portfolio Builder with a new product that will be free of unnecessary complexities, such as allocations, bid amounts, etc., and will fully automate achieving the preferred rate of return at the desired risk level;
  • Portfolio Builder will be a sole option for investing (or selling your investments) through the web layer; thus, we will sunset both Primary and Secondary Markets;
  • We will consolidate reporting (such as Investment List, Transactions, Account Statement, Data Export, etc.) into a single section making it the sole “go to place” for regular or adhoc reporting purposes.

In a nutshell: Think of highly sophisticated investment engine that works towards your target return and is controllable through a single-page dashboard.

Active Investing: an API (Application Program Interface) will be introduced to support investors looking to use custom investing strategies. In practice it mean the following:

  • We will provide all investors a programmatic way (through an API) to access and invest into all loans that have passed our credit checks and scoring;
  • Similarly to the current loan listing details, the API will provide all information about the prospect borrower that we are legally allowed to provide; thus, investors will be able to apply custom evaluation models before making an investment decision;
  • We are investing into infrastructure to ensure robustness and stability of the API in the events of high volume requests what was difficult to maintain through a web interface.

In a nutshell: Think of a highly granular and extremely fast access to all investment opportunities (a fire hose) without the limitations that a web layer imposes.

Instead of building and maintaining web layer features for a narrow user base, the above will allow us to focus the efforts of our 50+ people team on things that will benefit every investor on the platform; namely, growing of supply of quality investment opportunities and further improving the credit scoring.

We have already initiated the talks with developers that will build the tools for investors based on our API. We are happy to support the developer community with our know how, user surveys, as well as feature requests that we have collected over the years, but never got to implement ourselves. If you are interested in learning more about the API please email us at [email protected].

42 responses to “Advancing Bondora to the Next Level: Platform Upgrades Coming this Fall”

  1. Hello, truly revolutionary changes on the way…

    I’m missing information whether secondary market will continue through the API.

    Will you welcome 3rd party services to offer services on top of your API?

    Thanks in advace,
    carlos

    • Hello!

      The investors will have an option to sell their investments through both the web layer and the API.

      It’s too early to tell on the 3rd party services, but we hope the developer community will be able to add value on top of the API.

  2. Would like a timeframe for this roadmap ASAP. I’m also wondering in what order the changes will be released. Also, whether or not you will be capping sales premiums/discounts again.

    • Hello!

      We will provide more specific deadline in the coming future, but we aim to implement all of the above during Q4 2015.

  3. Dear Bondora:
    First of all, you should know I am typing this with my middle finger

    Pärtel, aug 08 2014 Bondora blog

    “We want to unite European countries giving borrowers and investors greater choice, transparency and options in managing their loans and finances”

    Yeah well, comments?

    • Hello, Mart!

      The API (and the tools that can be built on top of the API) will give investor more flexibility than ever.

    • Hello!

      Recent changes to the application process (verification of the data before listing a loan on the market) caused a short-term drop in the supply of loans (the loan application submitted past the change might still be in the review). As the result, current supply is almost entirely taken up by the Portfolio Managers.

    • Hello, Andrej!

      Aim to fix it with the next release, apologies for the inconvenience.

    • What is the next release? We haven’t got any meaningful deadlines from the support for more than two weeks and they even pointed to this article as “explanation” why these bugs weren’t fixed yet.

      Are you aware that while describing some distant bright future, people cannot cancel their SM asks? That the market core of the system is broken?

    • Hello!

      I understand your frustration, but please keep in mind that Bondora manages tens of million in investors’ funds, so every tiny feature or a bug fix has to go through extensive testing before it sees the light. We understand that it slows down the whole process, but we rather live with that than put investors’ money at risk.

    • You didn’t fix it since weeks! I guess bondora doesn’t want so fix it.
      I asked suppurt and it linked me to this blog entry. Why the hell?
      Sorry, but I can’t trust bondora any more.
      How should I trust an API if you can’ solve such simple problems?