Financial performance of the Bondora Group for 2024
In 2024, the Group issued 147,000 loans totalling €262 million, representing a 30% increase compared to 2023, when we issued 81,000 loans totalling €202 million. Investors fund the loans issued by the Group, and we generate revenue by managing these loans. The revenue for 2024 was €52.6 million, marking a 19% increase from the previous year’s €44.3 million.
2024 also marked our eighth consecutive year of profitability, driven by disciplined cost management, improved automation, and a clear strategy for market expansion. We continued refining our underwriting models and credit risk processes to ensure quality across every loan issued, which is an outcome that directly supports your investment.
A note from our CEO, Pärtel Tomberg
‘’We operate with outstanding efficiency, leveraging automation and data-driven decision-making to scale while staying true to our core values. Last year, we strengthened this foundation by expanding our presence, enhancing our investor platform, and maintaining financial stability even in a rapidly shifting environment. As we move forward, our focus remains clear: scaling intelligently, maintaining financial stability, and delivering continued value to our customers.’’
Key highlights of 2024:
- Revenue grew up to €52.6M
- Loans issued totalled 147,000
- Total loan volume grew to €262M
- Over €1B invested since 2008
- 8th consecutive year of profitability
For more information, please download Bondora Group’s Annual Reports below for free.