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 list of profitable fintech companies in Europe. We intend to stay there.
Over the years we have expanded our base to 27,000 investors who have earned more than €14 million in net profits. These gains mean our presence across Estonia, Finland and Spain is growing.
The excitement surrounding P2P lending has encouraged many new businesses to arise in the industry. However, few of these entrants can say that they’ll have the longevity we expect here at Bondora. Next year, we’re celebrating our 10-year anniversary indicating that we are a stable, growing and profitable fintech company.
While this profitability is good news we are particularly pleased that Bondora is a platform where all parties can find value. Sustained success comes when borrowers have access to affordable loans, and investors earn a return all within an ongoing business model.
Our nomination by the European Fintech Awards 2017 for Best Alternative Finance Platform echoes this success. 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 that easy!