Prague-based peer-to-peer lending platform Bondster almost doubled its investments last year, despite the Covid-19 pandemic.
By December 2020, more than €54m (£47.25m) had been invested through the platform. This represents an 80 per cent growth in money invested year-on-year.
The platform also recorded a 100 per cent increase in money paid out as interest – from €1.1m in 2019, to €2.2m in 2020.
Bondster also grew registrations last year, with 11,070 investors registered on the platform by the end of 2020, compared with 8,417 by the end of 2019.
This proves that there is still substantial investor appetite for P2P lending in Europe, Bondster has claimed.
“It pleases us to see we have investors’ trust, which has helped us come closer to the €60m invested,” said Bondster’s managing director Michäel März (pictured).
“The investment terms have also improved for investors. This is because the interest offered on loans has increased, partly due to coronavirus, by about one percentage point to 15 per cent, which is another reason why we are among the top three most yielding P2P platforms in Europe.”
März added that although the majority of Bondster’s investors are from the Czech Republic, the number of foreign investors has been growing, and the platform now has investors from 65 different countries.