{"id":77009,"date":"2021-10-07T10:00:00","date_gmt":"2021-10-07T07:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=77009"},"modified":"2021-10-07T10:00:00","modified_gmt":"2021-10-07T07:00:00","slug":"new-record-over-e2-million-in-cash-recovered","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/new-record-over-e2-million-in-cash-recovered\/","title":{"rendered":"New Record: Over \u20ac2 Million in Cash Recovered"},"content":{"rendered":"\n

September was a big month for Bondora. We celebrated an unprecedented new recovery record, investments soared, and origination growth bounced back. After a slight decline of 2.5%, originations grew by 8.4% to last month. That brings us to a total loan origination amount of \u20ac12,296,773. This growth puts us well on track to get closer to our goals.<\/p>\n\n\n\n

\"Bondora
Bondora recovered \u20ac2 million in cash in September.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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In September, exactly 2,500 new investors<\/strong> joined Bondora, bringing the total number of investors to 175,309 people. Over \u20ac472M has been invested, and investors have earned more than \u20ac55M in returns over the last 13 years.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

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\u20ac12,296,773 in loans were originated on the platform last month. This is the highest loan origination<\/strong> amount of 2021 thus far. Estonia, once again, remains the country with the most significant origination share (61.8%). But, it did drop slightly, losing territory to Finland, which now has a 38.2% share\u2014up 1.6% from August. With Spanish loans restarting soon, we\u2019re keen to see how this will change the percentages between these two countries.<\/p>\n\n\n\n

After the Secondary Market\u2019s <\/strong>massive growth in August, it will come as no surprise that transactions waned again in September. But perhaps not as drastically as we might have expected. The Secondary Market has been known for see-sawing drastically from month to month, but the change wasn\u2019t so extreme in September. Activity dropped by just 7.8%, bringing the total value of loans transacted to \u20ac311,848.41.<\/p>\n\n\n\n

In September, we broke our previous recovery record<\/a>! Jumping by 130%, Bondora recovered \u20ac2,346,197 in missed payments! After August<\/a>\u2019s astounding collection and recovery<\/strong> efforts, we did not expect to see such incredible amounts being recovered again so soon. But the teams had outdone themselves! We want to say thank you again to the superstars who made this happen.<\/p>\n\n\n\n

Product funding<\/strong> also saw lots of positive news. Investments increased to \u20ac12,153,816, climbing 7.2% from September. This is also the first time we\u2019ve had more than \u20ac12M invested since February 2020<\/a>. This proves that we\u2019re poised to surpass our pre-pandemic levels, and investors are still confident in Bondora\u2019s ability to help them grow their money online. Go & Grow regained some growth (4.3%), but it\u2019s Portfolio Manager (47.3%) and Portfolio Pro (30.4%) that showed significant growth.<\/p>\n\n\n\n

In a nutshell:<\/strong><\/h2>\n\n\n\n

The incredible new record of over \u20ac2M in recoveries steals the show this September. But, we\u2019re 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.<\/p>\n\n\n\n

If you enjoy these breakdowns, follow our blog<\/a> for weekly, more in-depth analyses of the Bondora market. Every month we take a detailed look at aspects like:<\/p>\n\n\n\n