Hive5 celebrates its first birthday on 10 August.
The Croatia-based peer-to-peer lending market had 3,069 energetic buyers within the first yr and reached a complete mortgage quantity of €13,802,313 (£11,902,807).
Learn extra: Hive5 sees 29pc rise in mortgage volumes in June
“I wish to thank everybody who has performed a job in our thrilling journey,” mentioned Ričardas Vandzinskas, chief government of Hive5.
“The primary yr of the enterprise was filled with challenges however principally profitable and marked by spectacular achievements and a transparent imaginative and prescient for the longer term. The assist of our skilled workforce, devoted enterprise companions, and each single investor has pushed the platform’s achievements. We’re excited to proceed shaping the way forward for various investments and stay up for all the chances that lie forward.”
Learn extra: Hive5 cuts rates of interest on Polish originator’s loans
On a weblog on the web site, the corporate mentioned it has repaid €210,660 in curiosity to its buyers since inception proving the “dedication to offering excellent worth and fostering long-term relationships.”
The platform has additionally listed €16,960,653 in loans.
“Whereas celebrating our achievements, we nonetheless look ahead and work for a fair brighter future,” mentioned Hive5.
“Our workforce has set bold plans to develop the mortgage choices, aiming to surpass an accrued portfolio of €30m by the tip of 2023. Moreover, we’re targeted on enhancing the consumer expertise. We’ll proceed integrating new functionalities, making certain buyers have the most effective instruments to make knowledgeable choices and handle their portfolios successfully.”