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What is the history of Bondora?

Here are some highlights of Bondora through the years:

2008 

Bondora is founded.

2009 

Bondora establishes the first Nordic marketplace lending platform. 

2011 

Winner of the “Best Estonian E-service of 2011” award and a quarterfinalist at the World Summit Awards. 

2012 

Loan marketplace opened to retail investors across Europe, making Bondora the world’s first cross-border lending platform. 

2013 

Launch of loan products in Finland and Spain, making Bondora the first marketplace providing credit seamlessly across multiple countries.  

2014 (Jan) 

Raised EUR 1.3 million seed round, led by Global Founders Capital, a private investment vehicle of the Rocket Internet founders.

2014 (Apr) 

The UK Financial Conduct Authority grants Bondora an interim license. 

2014 (Sep) 

First version of Bondora’s fraud detection process implemented. 

2014 (Sep

Winner of the “Alternative Finance Platform of the Year (EU)” and “P2P Consumer Platform of the Year (EU)” awards from AltFi, the world’s leading news site for the alternative finance space, which includes crowdfunding, P2P lending, marketplace lending and invoice funding. 

2015 (Jan) 

Rollout of scorecard and risk-based pricing, with the latter replacing auction bidding-based interest-rate setting. 

2015 (Jan) 

Raised EUR 4.5 million Series A round, led by Valinor Management LLC, a EUR 3.5 billion, US-based private investment firm, which was an early backer of Lending Club. 

2015 (Jul) 

Authorized as a consumer credit provider by the State Administrative Agency of Southern Finland to provide consumer credit in Finland. 

2015 (Sep)

Bondora begins originating loans using its own balance sheet to comply with consumer credit legislation across the three locales where it operates. 

2015 (Nov) 

Receives runner-up award for “Alternative Finance Platform of the Year (EU) 2015” from AltFi. 

2016 (Jan) 

Bondora rolls out the second version of its scorecards and risk-based pricing, increasing the performance of its Finnish and Spanish models. 

2016 (Feb) 

Bondora opens up its API to all of its investor base, making Bondora the first marketplace in Europe with a public API. 

2016 (Mar) 

Licensed as a credit provider by the Estonian Financial Supervision Authority, the primary regulatory body in Estonia governing and overseeing all banks, credit providers, credit intermediaries, insurance companies, insurance intermediaries, fund managers, investment and pension funds, investment firms, e-money institutions and payment service providers. Bondora’s balance sheet model is extended, with credit risk partially maintained on the balance sheet. 

2016 (Apr) 

Bondora rolls out update to its pricing models designed to take account of adverse trends in the global business and economic climate. 

2016 (May) 

Bondora splits out and shifts its (i) debt-servicing activities to Servicer and (ii) loan marketplace activities to Capital in order to make its different activities legally and financially self-sustainable. 

2016

Bondora has more than €50M of loan originations.

2017

Bondora launches Portfolio Pro.

2017

Bondora celebrates over €100M total loan originations.

2017

Bondora has its first financially profitable year. 

2018

For its second year in a row, Bondora remains financially profitable.

2018 (June)

Bondora launches Go & Grow, which will quickly become its most popular product.

2018

More than 50,000 investors on Bondora.

2019

Over €250M total originations

2019

Bondora was a National Winner in the 2019 European Business Awards, which is one of the most prestigious titles a company can receive. 

2019

The number of investors increased by 50% in one year, totalling over 75,000 investors.

2019

Bondora becomes available in 24 European languages, giving more EU citizens access to its services and products.

2019 (Mar)

Groundbreaking “Invest like a superhero” ad released to the world.

2020

Bondora celebrates its 3rd consecutive year of profitability.

2020 (June)

Go & Grow celebrates its 2nd birthday with over 86 000 investors and €8.9M in returns

Check out this video for an in-depth overview of the history and inner workings of Bondora: