In March, Bondora origination and investment volumes reached all-time highs.
Over 1,600 new investments were made through Bondora and in the same month, investors earned over €2m (£1.7m) in returns, with total investment amount increasing by €24m.
The European peer-to-peer lending platform said it has been growing consistently with loan originations rising by 21.2 per cent in March, totalling €23,300,618.
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Finland accounts for the largest share of originations, with €17,404,146, equalling a 25.1 per cent growth rate. Estonian originations rose by 11.8 per cent to €4,691,713; Spain decreased by 9.9 per cent to €831,362; and its newest market, the Netherlands, increased by 91 per cent to €373,397.
Activity increased by 10.4 per cent on Bondora’s secondary market, equalling €143,169 worth of transactions, according to a blog post on the company’s website.
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There was also robust growth in Bondora investments, with a 12.6 per cent increase, leading to €23,356,640 being invested.
March statistics also show €1,309,760 was recovered to a total of 88,547 loans at a 40.9 per cent and 7.1 per cent increase respectively.
Remaining consistent with previous months, most cash and loans were recovered from Estonia, with €830,252 cash and 41,219 loans being recovered. In Finland, cash recoveries increased by 5.4 per cent to €437,516.
Despite the growth in February, Spain’s cash recovery figures sank by 16.2 per cent totalling €41,992 and no recoveries have been made in the Netherlands.
Bondora was founded in 2015 and is based in Estonia. It serves as an online community for investing in personal debt starting at €1, and enables borrowers to receive funding directly from investors.
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