European peer-to-peer lending platform Bondora has increased the limit on its Go & Grow account to €1,000 (£854) per month, in response to investor demand.
The platform explained that the monthly limit was introduced “to keep up with impressive demand for our investor community” while also “making sure our rocket ship remains sustainable”.
More than 175,000 investors have invested over €500m in the Estonia-based platform. Since it was launched three years ago, the Go & Grow account has been Bondora’s most popular investment product, with more than 139,000 investors to date. It targets annual returns of 6.75 per cent, with a minimum investment threshold of €1.
“As more and more people want to invest in Go & Grow, it’s crucial to ensure the quality of the portfolio powering it,” said Bondora in a blog post.
“So, to keep up with our growing investor community, we’re sustainably increasing our lending volume. That’s why, through careful calculations, we’ve implemented a net limit of €1,000 per investor per month.
“This means that we can keep the platform open for everyone to grow their money; while focusing on sustainable growth for the future. So, whether you’re new to Bondora or invested with us for years—with this change, everyone will have an equal opportunity to grow their money.
“Every decision we make at Bondora is data-driven,” the company added. “Our goal isn’t to expand exponentially, but to grow sustainably and protect investors’ best interests. That’s why we’re being cautious about expanding our portfolio.”