“Stay on track”: Bondora CEO shares an update

Bondora

Recently, Bondora CEO Pärtel Tomberg wrote to investors describing the actions Bondora is taking to protect investors in times of uncertainty. In this video, Pärtel expands on these points further. Specifically, he discusses the Bondora team, sustainability, diversification, and more. Watch the video or read the transcript below to find out more.

Hi!

I’m Pärtel Tomberg, CEO & founder of Bondora.

I want to share how the entire team of Bondora will continue to support you throughout these times of uncertainty, as well as in the future as things turn around.

But first, let me share some history about Bondora.

We launched Bondora 12 years ago during the global financial crisis. Since then, we’ve operated through severe recessions in Estonia, Finland, and Spain. Having grown Bondora through harsh economic climates, we’re well prepared for this current environment. Let me share the five foundations we’ve built Bondora on.

1 We are 100% online, supported by highly dedicated people

Our people, their families and loved ones are well. All of us are able to work from home and ready to serve you. Our people have been trained to work remote over secure connections to support you, no matter the circumstance. You still have 100% online access to our full range of services.

2 We have risk buffers built into our products

Go & Grow was deliberately designed to provide you a stable return even at times of uncertainty. Within Go & Grow, all returns above 6.75% p.a. serve as a risk-buffer. Our historic return is 10.7% p.a. and this includes times of recessions. The difference between the two is a reserve for you as our investor.

3 We have a highly diversified portfolio

There are over 100,000 loans in the portfolio. The loans are with different lengths, customer segments and risk categories. All together this provides you a valuable risk buffer and stability as you have minimal exposure to individual loans.

4 We have a sustainable company

We have been operating for over a decade and have been profitable since 2017. Throughout the years we have built up sufficient cash reserves and are well capitalized. We do not have to make lay-offs or cut back on any of our services to you even if the situation were to persist longer. Our organization is strong.

5 We are here to help

We are committed to helping borrowers impacted by recent events. They have a fully automated online interface where they can make repayments and contact support. If necessary they can also extend the loan schedules or take payment holidays to adjust to their new financial circumstances.

Hopefully these five foundations answer some questions you might have on Bondora, and encourage you to stay on track to achieve your goals.

Partel - Bondora

Above all, we understand that your thoughts are first with your family and their wellbeing. We don’t want Bondora to be an additional source of concern, but instead to be a cornerstone of your financial wellbeing throughout and after the spread.

That is our commitment to you.

From everyone at Bondora, we wish you good health and good wealth!

*As with any investment, your capital is at risk. Investments made through Bondora are not guaranteed; therefore any assets allocated to the Go & Grow account are not guaranteed by any state fund or otherwise secured and it may not be possible to liquidate assets or withdraw money immediately. The yield is up to 6.75% p.a., but please note that the yield achieved in past periods does not guarantee the rate of return in the future. Before deciding to invest, please review our risk statement or consult with a financial advisor if necessary.