Bondora achieved a record 130 per cent monthly rise in cash recovered in September, while growing its loan originations to the highest amount seen this year.
Last month, the European peer-to-peer lending platform recovered €2.35m (£2m) in missed payments. This followed a 2.4 per cent month-on-month increase in recoveries to reach just over €1m recovered in August.
Loan originations grew by 8.4 per cent to reach €12.3m in September – the highest monthly loan originations of the year thus far. This followed a drop of two per cent to approximately €11.58m in August.
Estonia remained the country with the largest origination share (61.8 per cent), however it did fall slightly, losing territory to Finland, which now has a 38.2 per cent share – a rise of 1.6 per cent from August.
In September, 2,500 new lenders joined Bondora, bringing the total lending community to 175,309 people.
Investments rose by 7.2 per cent from August to reach €12.15m in September, the first month that the platform has seen more than €12m invested since February 2020.
Secondary market transactions dropped by 7.8 per cent from August to reach a total volume of €311.85m in September. This followed 107.9 per cent month-on-month growth in August.
Read more: Bondora sees rising returns in August
“September was a big month for Bondora,” Bondora said in a blog on its website.
“We celebrated an unprecedented new recovery record, investments soared, and origination growth bounced back.
“The incredible new record of over €2m in recoveries steals the show this September. But, we’re also excited about the increase in originations and investments, resembling our pre-pandemic levels. This shows that Bondora is geared to venture into new growth territories in the months to come.”
Since Bondora launched 13 years ago, more than €472m has been invested and lenders have earned more than €55m in returns.