Bondora re-enters the Finnish market

European peer-to-peer lending platform Bondara has re-entered the Finnish market.

Earlier this year, the platform stopped loan originations in Spain and Finland to focus solely on Estonian loans.

Read more: P2P lender October unveils lending technology to boost employee engagement

“We chose to stick to the market we knew best to mitigate risks during the first and second quarters’ volatile economic environment,” Bondora said in a blog on its website.

“Well, by navigating the rough seas and keeping our ship in top shape, we’re happy to announce that Finnish loans are back in the market.

Read more: Mintos rebrands buyback guarantee

“We know you’ve been waiting for this news, and we value your patience. We did this with our investors’ best interest in mind and to keep our business sustainable.

“Currently, we can’t say when Spanish loans will be re-introduced back into the market, but for now, we’re happy to have Finnish loans back in the Bondora portfolio.”

Read more: European P2P market to fully recover by Q4 2021

Bondora collected €737,259 in debt payments in November, a record total in one month.

This followed the Estonian-based P2P platform increasing its recovery and collections of unpaid loans for nine successive months and beat October’s previous record of 65,518 recoveries.

Bondora also received the recognition of gold level Family Friendly Employer last month, the highest honour that the Ministry of Social Affairs in Estonia gives out.

Read more: EstateGuru partners with Varengold to enter German market

After a two-year evaluation this awarded the platform for flexible working times, information movement, social climate, recruitment and onboarding.

Bondora was also recognised for professional development and support, synergy and culture, work-environment, supporting a healthy lifestyle and for its feedback and surveys.