Lendermarket has reported that its platform’s portfolio has reached €50m (£42.7m), due to “fast progress” over the previous 12 months.
The Dublin-based peer-to-peer lending market mentioned that the full portfolio worth has elevated by 31 per cent over the last one year.
“Lendermarket confirmed fast progress final 12 months and we’re delighted to share one other important achievement in our journey,” the agency mentioned in a publish on enterprise networking web site LinkedIn on 15 June.
Learn extra: Lendermarket marks fourth birthday with cashback offers
Lendermarket’s mortgage statistics on its web site point out that its portfolio was price €47.1m as of seven June, which means that it grew by virtually €3m in lower than every week.
Lendermarket was based in 2019 by the mortgage originator Creditstar to fund its progress. In April this 12 months, the corporate revealed that’s buyers have earned greater than €10m to this point.
Learn extra: Lendermarket provides new originator
By March 2023, the agency had facilitated €310m in loans, with zero losses to this point. It’s now eyeing an enlargement of its enterprise mannequin because it actively seeks to onboard new mortgage originators, together with UK-based P2P lenders.
The platform is open to buyers from throughout Europe and the UK, and its largest investor markets are Germany, Spain and Bulgaria.
Learn extra: Lendermarket applies for crowdfunding licence from Central Financial institution of Eire