Bondora’s Go & Grow product reaches 139,000 investors
Bondora now has more than 139,000 investors using its Go & Grow product after seeing strong originations this year.
The European peer-to-peer lending platform said that the account allows lenders to set a target amount to achieve, generating returns of up to 6.75 per cent per annum. They achieve this by using automated features to create a diversified portfolio of investments.
Bondora said it has been originating just over €14m (£11.8m) each month in the first quarter of 2022.
The Go & Grow product spreads investments across all eight risk ratings, from AA to HR.
In the first quarter of this year, D-rated loans dropped from 26.6 per cent to 23.5 per cent to become the second largest category in the Go & Grow portfolio while C-rated loans now make up the majority (24.6 per cent).
This was followed by E-rated loans in the third spot, growing its share by 0.5 per cent while B-rated loans stayed in fourth place with 13.9 per cent, dropping by 1.1 per cent.
Finnish loans grew their Go & Grow portfolio percentage share from 40 per cent to 42 per cent while Estonia and Spain lost one per cent, although Estonia still maintains the majority share.
Read more: Bondora launches ‘unlimited’ Go & Grow product
Read more: Bondora achieves “solid start” with Q1 originations
“Go & Grow is our investors’ favourite way to invest,” Bondora said in a blog on its website.
“We have over 139,000 satisfied Go & Grow investors! And there’s a good reason why it’s so popular: people want to build their wealth, and they don’t want to waste valuable time figuring out complicated investment funds.
“We encourage our investors to choose a goal when they’re investing. Because when you have an investment goal, you are more likely to prioritise that investment and reach financial success.
“It doesn’t matter what investment goal you choose, as it won’t affect your returns, but it’s for you to personalise your Go & Grow experience.”
Earlier this month, Bondora launched an app for its Go & Grow account, and in November the lender increased the investment limit on the product up to €1,000 (£854) per month, in response to investor demand.