Bondora Group reached milestone of 1 billion euros in 2024

European lending platform Bondora has released its financial results for 2024. The company reached a major milestone during the year. Since its launch in 2008, it has invested more than one billion euros.

Bondora is one of Europe’s oldest and largest peer-to-peer lending platforms. It is based in Estonia and currently has more than 450,000 investors across Europe. The platform is available in 24 languages, and its investors mainly come from Germany and the United Kingdom.

Eight years of profitability

This week, Bondora announced its financial results for 2024. According to the platform, it was its eighth consecutive year of profitability. This was driven by cost management and improved automation. Its revenue was 52.6 million euros.

The total loan volume reached 262 million euros in 2024

Last year, the platform issued 147,000 new loans, which was an increase of 82 percent compared to a year earlier. Its total loan volume reached 262 million euros. In 2023, the total loan volume was 202 million euros. This was an increase of 30 percent.

‘We operate with efficiency’

“We operate with outstanding efficiency, leveraging automation and data-driven decision-making to scale while staying true to our core values. Last year, we strengthened this foundation by expanding our presence, enhancing our investor platform, and maintaining financial stability even in a rapidly shifting environment”, said Pärtel Tomberg, CEO of Bondora Group.

‘Our focus remains clear: scaling intelligently and delivering value to customers’

“As we move forward, our focus remains clear: scaling intelligently, maintaining financial stability, and delivering continued value to our customers.’’