Traders in European peer-to-peer lending market Lendermarket earned a median annual return of 15.9 per cent final yr, the corporate has revealed.
In a word to buyers, Lendermarket described 2024 as “a standout yr” which noticed €68.5m (£57m) invested within the platform, bringing the cumulative funding since inception to greater than €456m.
Traders earned greater than €8m in curiosity final yr. This brings the cumulative paid curiosity since inception to over €24.7m.
Learn extra: What Lendermarket 2.0 means for buyers
The platform now has greater than 17,000 buyers, with a platform portfolio value €34m.
Greater than 172,000 loans have been originated in 2024, with a complete worth of €99.5m.
Moreover, 2024 noticed the launch of Lendermarket 2.0, a rebranding effort designed to streamline the funding course of for the platform’s customers and enhance transparency for buyers.
Learn extra: Lendermarket expands into Poland
The agency additionally earned its authorisation underneath the EU Crowdfunding Regulation final yr, and has since begun to broaden into new markets similar to Poland.
“2024 was actually a standout yr for Lendermarket and its investor neighborhood, marking a major chapter in our five-year journey,” stated an organization spokesperson.
“Collectively, we celebrated exceptional milestones that not solely delivered excellent returns on funding but in addition enhanced the general expertise of utilizing our platform.”
Learn extra: Lendermarket’s yr of change