Bondora, a P2P lending platform based in Estonia, was founded in 2008. To date, more than EUR 438 million has been invested through the platform. Bondora does not provide information about its loan originators. According to Bondora Group AS consolidated annual report 2020, loans are issued by Bondora AS. It is not specified which subsidiaries issue loans in Spain and Finland. There is for sure conflict of interest between the loan originators and the platform’s owners as the platform only sells loans issued by subsidiaries. Bondora does not have an investment brokerage license.
Bondora is an Estonian P2P lending platform with a promised return of up to 9%. There is a conflict of interest between the loan originators and the platform’s owners, which might be a potential red flag. The platform provides its historical loan books and annual reports that can help investors measure the riskiness of investing through Bondora and trust the platform more. However, there is no information about the board members and team. Bondora provides the necessary features that can attract investors, such as auto-invest and secondary market.
Bondora does not publish information about its owners and team on their webpage. This fact can lead investors to lower trust. It is important for investors to see who the managing team is because it helps them either to make sound decisions-invest or not invest through the platform.