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How can rapid growth and expansion threaten the business?

Bondora Group has witnessed significant growth and development in a relatively short period of time, and its business may continue to grow substantially in the future. Because of this, Bondora Group faces increased risks, uncertainties and expenses. Bondora Group will need to keep improving its operational and financial systems and managerial controls and procedures to keep pace with its expansion. It will have to maintain close coordination among technical, accounting, finance, marketing and sales personnel. 

Managing growth will require, among other things, the following: continued development of financial and management controls and IT systems; increased marketing activities, hiring and new employee training; and the ability to adapt to changes in the markets in which Bondora Group operates, including new legislation, additional tax obligations, increasing competition and shifts in demand for its services. 

If Bondora Group is unable to allocate appropriate managerial resources and successfully manage its expansion, it may have a material adverse effect on its business, financial condition, operational results or prospects, or cash flow.

The Supervisory Board is closely monitoring growth and other developments at Bondora Group to ensure that the necessary steps are taken and adequate controls are maintained. PricewaterhouseCoopers is responsible for the internal audit of Bondora that is intended to ensure compliance; KPMG is the external auditor. Bondora is regulated by authorities in the countries in which it operates, which serves to provide an additional layer of oversight.

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* Capital at risk. Investments made with Bondora are not guaranteed, nor is the preservation of value invested guaranteed. Please note that the yield achieved in past periods does not guarantee the rate of return in future periods. The yield of the Go & Grow Unlimited tier is up to 4% p.a. The yield for Go & Grow is up to 6.75% p.a. Before deciding to invest, please review our risk statement and consult with a financial advisor if necessary.