Does operating in multiple jurisdictions bring extra risks?
In accordance with its business strategy, Bondora Group aims to continue pursuing attractive business opportunities by launching operations in selective geographic markets over the next few years. Although its international expansion initiatives are always well planned and analyzed, such expansion increases organizational complexity and may lead to higher administrative costs, including costs relating to IT investments; operational risk, including risks relating to cash flow management and control; regulatory risk, including risks relating to non-compliance with data protection and local rules; and other challenges associated with managing the business.
Unforeseen changes or mistakes in planning or control may have a material adverse effect on Bondora Group’s business, financial condition, operational results or prospects, or cash flow.
Bondora Group engages leading, locally-based legal counsel in each jurisdiction where it does or plans to do business. In cooperation with these service providers, Bondora Group undertakes rigourous due diligence regarding a jurisdiction’s laws, regulations and culture before it begins operations in those locales.
Bondora Group is also a member of several local associations and lobby groups in an effort to be kept up-to-date on market developments and potential changes in the operating environment.