Bondora sees fifth consecutive month of growth in investment
Bondora has achieved growth in investments for the fifth consecutive month to reach €11.63m (£9.94m) in July.
The European peer-to-peer lending platform said it saw a 7.5 per cent rise in investments from June to July, which consisted of growth for all four product categories for the second month in a row.
API investment had the most significant growth, up 24.6 per cent from June to €4,418 in July, followed by investment in the portfolio manager which rose monthly by 9.3 per cent to €502,484.
For the third straight month, investment on Bondora was allocated proportionally in the same manner, with its Go & Grow product receiving the majority of all funding (93 per cent).
This was followed by its Portfolio Pro and Portfolio Manager products at three per cent each.
API investment received one per cent of all funds invested on the platform.
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“We are so pleased to celebrate another month of increased investment funding on Bondora,” Bondora said in a blog on its website.
“Everyday people continue to trust Bondora with their P2P investments, with a whopping €11,628,988 going into the platform’s investment products in July alone.”
Earlier this month, Bondora said it saw its originations continue to rise for the sixth consecutive month in June to reach €11.04m.