On-line European funding platform Lendermarket noticed its platform worth develop by 280 per cent in 2021, reaching €29m (£25.5m), in line with its newest audited annual report.
The report stated the platform issued loans value greater than €110m within the 12-month interval, with turnover rising by 157 per cent to €442,000 for the monetary 12 months from 30 December 2020 to 29 December 2021.
In the course of the 12 months the platform noticed €132.1m in loans originated and paid €2.4m in curiosity to traders.
Lendermarket additionally doubled the scale of its investor group within the 12-month interval, the report stated.
Learn extra: Lendermarket providing 2pc cashback on Creditstar’s long-term loans
“2021 additionally marked a major enhance in skilled functionality as our group [trebled] to 10 full-time staff,” stated chief government Endrik Eller. “That allowed us to proceed constructing extra scalable features in our group.”
Nonetheless, the report confirmed the corporate’s pre-tax loss for the monetary 12 months, amounted to €600,289, up from the earlier 12 months’s determine of €407,698. No dividends had been paid.
On the finish of the monetary 12 months at 29 December 2021, the corporate had belongings of €820,221 (in contrast with the 29 December 2020 determine of €407,569) and liabilities of €1,587,430 (beforehand €574,490). The online liabilities of the corporate elevated by €157,798.
Learn extra: Lendermarket traders earned €5.6m in curiosity final 12 months
The report defined that the platform labored with traders in 72 nations in 2021, issuing loans in Estonia, Finland, Sweden, Poland, the UK, the Czech Republic, Spain and Denmark.
In the course of the interval it added Credory, an Estonia-based actual property specialist lender, to its roster of mortgage originators.
The corporate additionally confirmed its utility for a European Crowdfunding Service Supplier (ECSP) license can be submitted in 2023.
Learn extra: Lendermarket seeks new mortgage originators