European peer-to-peer lending platform Bondora achieved €9.22m (£7.96m) of loan originations in April, the highest since March 2020, and is aiming to hit the €10m milestone next month.
The platform attributed April’s high loan volumes to interest in its Go & Grow product, which saw a total of €8.39m invested into it last month, passing the €8m mark for the first time this year. Bondara added that all of its investment products also showed steady increases.
Read more: Estonian loans boost Bondora’s returns
Finnish loans grew by 84 per cent to €2.55m loans issued in April, up from the 6.4 growth rate seen in March, while Estonian loan originations also increased, but by a more gradual 5.2 per cent.
In April, 4,175 new investors joined Bondora, bringing the total number to 162,437, the highest number of new investors for 2021 thus far.
In total, over €428m has been invested, and investors have earned more than €52m in returns over the past 13 years.
Read more: Bondora re-enters the Finnish market
Following hitting a record level of cash recovered in March (€1.26m), Bondora recovered €886,627 across all countries in April.
The majority was from Estonia (€480,416) and Finland (€297,110) and the most recoveries were conducted during the bailiff stage of the collection process.
Bondora said that its secondary market activity picked up again in April after dipping in February and March. €240,231 was transacted on the market, with the manual buying and selling of loans making up 65 per cent of all the transactions.
The platform added that portfolio manager transactions increased, and the number of API and manual transactions dropped.
“April continues to build on the growth we’ve seen since the end of 2020,” Bondora said in a blog on its website.
“As we enter the second quarter, we’re feeling optimistic and excited about what the year holds.”