Bondora has seen a 19.2 per cent drop in secondary market transactions from €311,848 (£265,691) in September to €252,126 (£214,809) in October.
The European peer-to-peer lending platform said manual transactions fell by 31.1 per cent month-on-month to account for 60.6 per cent of all transactions, while portfolio manager transactions increased by 30.1 per cent to reach €18,533 in October.
Meanwhile, current loans grew by 4.7 per cent to €197,192 and investors were more likely to purchase current loans at a premium, which rose by 8.9 per cent. It also accounted for 69.4 per cent of all current loan transactions.
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In contrast, transactions conducted at par value and at a discount dropped by 1.7 per cent and 32.3 per cent respectively.
Secondary market loans that were overdue fell by 43.7 per cent to reach €23,960 in October, which Bondora put down to a 78.3 per cent decline in loans transacted at a discount.
Defaulted loan transactions dropped by 61.7 per cent to €30,973 in October.
Last month, investors were less likely to purchase defaulted loans at par value, with only €471 in par value transitions conducted, a decline of 89.2 per cent. Manual transactions also fell by 64.9 per cent.
“Overall, the Bondora secondary market saw a decline of 19.2 per cent in total transactions,” Bondora said in a blog on its website.
“However, there were some areas (like current loans) that were higher when compared to September.
“This up-and-down month may be hard to analyse for deeper trends, and it may be wise for investors to take note of the secondary market over the next several months to see if longer-term trends emerge.”