March was a month of solid increases across the board. There was a jump in recoveries, investments, originations, and Secondary Market transactions. Most impressively, Spanish originations climbed by 32.4%, cash collected jumped by 61.6%, and investments increased by 4%. Take a closer look:
In March, 2,328 new investors joined Bondora. This number is smaller than February’s, but we still hope to celebrate more than 200,000 investors on Bondora soon! Our total investments have increased by €15M to €582M. Investors have also earned more than €65M in returns in total.
After dropping slightly in February, loan originations climbed again in March. It increased by 3.6%, meaning €14,643,367 was originated on Bondora last month. Finland increased by a steady 6.3%, while Estonian originations fell slightly by 2.7%. The former holds the majority position, making up 61.5% of all loans. Estonia follows with a 35.1% share. We have to take a moment to shine the spotlight on Spain, which had an origination growth rate of 32.4%. It now has a loan share of 3.4%, after climbing from 0.04% slowly but surely every month since relaunching in September 2021.
After 3 months’ decline, the Secondary Market had an upturn in activity. A total of €166,114.83 was transacted on the Secondary Market. This is an increase of 8.9%. The driving force behind the increase is the API, which grew by 26.9%. Portfolio Manager transactions also increased by 9.5%, but Manual transactions declined by 0.2%. For the first time in 3 months, defaulted loan transactions increased this month by a mammoth 52.3%. And loans transacted at a premium were the most popular, making up 70.3% of all current loan transactions.
In March, our collection and recovery efforts were rewarded with a 61.6% increase in cash recovered and a 15.4% increase in the number of payments collected. 77,471 payments were recovered, and €1,249,637 cash was recovered. The most cash (€661,557) was recovered from Estonia—a massive 127.7% increase from last month. The current 2014-2022 recovery rate is a striking 53.7%.
In March, a total of €14,496,204 was invested on Bondora. This is the highest amount invested for 2022 thus far. It’s an increase of 4.0% from last month. The product funding for all Bondora investment products increased, except the API, which decreased by 8.7%. Portfolio Pro had the highest growth rate, but Go & Grow maintained its top position.
Product funding figures:
Go & Grow + 4.0%
Portfolio Manager + 2.7%
Portfolio Pro + 5.0%
API – 8.7%
In summary:
After some modest declines in February, March sprang into action with positive increases across the board. There was a jump in recoveries, investments, originations, and Secondary Market transactions. Finnish and Spanish originations continue showing strength, while investments follow suit. And recoveries are proving to be fruitful, too, with over 1.2M cash collected.
We’re happy to end Q1 on a high and are excited to see what Q2 will bring. If you enjoy these breakdowns, follow our blog for weekly, more in-depth analyses of the Bondora market. So, stay tuned to better determine your investment strategy, loan portfolio preferences, and more.