Lendermarket sees loan volumes dip in June
Lendermarket investors funded more than €10.2m (£8.6m) of loans last month, down from €13m in May.
The Dublin-based peer-to-peer lending marketplace, which connects private and institutional investors with consumer loans issued by European originators, said it added 19,776 new loans last month.
It said its investors earned €307,962 in returns in June, an 83.48 per cent year-on-year increase.
In comparison, Lendermarket added 25,831 new loans in May and its investors earned €347,645 in returns.
Lendermarket saw its number of registered investors grow over the past month and is now nearing 10,000 customers.
Read more: European P2P platforms see rising volumes
It has cumulatively originated more than €275m-worth of loans in the last six months, according to a blog post on its website.
The marketplace currently lists loans from originators in a variety of European countries including Poland and Spain.
Read more: European P2P lending market ‘has room to grow’
Read more: How to check how ‘safe’ your P2P lending platform is
“Lendermarket is not another intermediary for asset management, but an investment platform combining trustworthy borrowers from the European new age digital banking industry with investors who can benefit from this innovative financing opportunity,” the marketplace said on its website.
“We offer fair returns and an investment environment where risks are controlled. Without any unnecessary fees, of course.
“In a word, Lendermarket is a contemporary P2P marketplace for investing in consumer loans while making sure investors’ money is put to work with their best interests in mind.”