For the year ending December 31 2017, Bondora sustained rapid growth and we are proud to say that for the first time with its current business model the Group managed to end the financial year with a profit. We believe this is as a result of creating a platform where all parties can find value, our borrowers have access to affordable loans and investors earn a return all within an evolving business model.
Bondora Group’s revenues were EUR 6,850,500 in 2017 and financial year ended with a net profit of 137 thousand euros driven by a significant increase in turnover and cost-effectiveness achieved through the optimization of its operations.
Revenue increased by 64% driven by sustainable growth in issued loans that itself was supported by product development and marketing improvements. Loans issued reached 35 million euro, a 23% increase over previous financial year.
In comparison, in 2016, Bondora Group’s revenues were EUR 4,176,903 and its net loss was EUR 1,443,847. In 2015, revenues were EUR 2,464,849 and the net loss was EUR 1,852,783. Bondora Group’s loss was mainly attributed to a considerable growth in personnel and marketing expenses.
For more information, please download our 2016 Annual Report and 2017 Annual Report below for free.