Today we review Bondora Capital for you. What is Bondora? A scam or a legit company? Will it be profitable or should you look elsewhere? These are some of the main questions this short review will help you with. Let´s go!
Company: Bondora Capital
Owner: Pärtel Tomberg (founder and CEO)
Price: Free to join <== (get €5 FREE if you register through this link)
Who is it for: Investors or borrowers
Overall rating: (4.4 / 5)
Before we continue it is important to mention that you should never invest more money than you can afford to lose into cryptocurrency or any other investment at all for that matter. Stick to that rule of thumb and you will be just fine. Also, we are a professional and independent site that aims to provide valuable info for people interested in investing and financial subjects. Our content does not constitute financial advice. You are encouraged to talk to your financial advisor before making any decision on investing. To be able to meet the running costs of this blog, we do receive compensation from ads and banners you might see on this site. We also receive compensation from external companies for sending leads in their way.
Ok, with that being said, let´s continue with the review.
What is Bondora Capital? – Overview
Bondora Capital is a peer-to-peer (P2P) lending platform for investing in European (non-bank) personal loans. It is one of the leading companies in the industry with around 35,000 clients. The company has been operating since 2009. The physical address of the company is A. H. Tammsaare tee 47, 11314 Tallinn, Estonia
Bondora got a pretty impressive record so far that they proudly display on their website, with an interest of 17 million (Euro) for its clients (see screenshot below):
How to invest
It is not complicated at all to getting started and investing on Bondora, it basically works in 4 simple steps:
- Open an investing account
- Fill out the identification form
- Choose your strategy for the portfolio manager
- Add funds to your account and start to invest
P.S. After you have activated your Portfolio Manager it will automatically start to search for loans that fit your selected strategy. Starting bid size is €5 and that will double after every 200 investments. If you want you can also set a custom bid size instead, to override the auto-bid that is set by the portfolio manager.
How does it work?
The way Bondora works is that you invest in Bondora loans, which are a fixed-income investment that generates monthly cash flow from principal and interest payments. Bondora issues loans to persons in Finland, Estonia and Spain.
Who can invest?
A short answer to this is, anyone can invest. Well, as long as you are above 18 years old and living in the EU, Switzerland or Norway, and also businesses that are registered in the EU.
If you do not live or work inside EU you can invest through Bondora if you are an accredited investor.
Sign up through this link to receive €5 for free to invest in Bondora
How is the support?
One thing I always put a lot of weight on when it comes to the support system of a company is if they got a live chat function or not. Bondora got this and that is a big plus (at least in my book). They also got e-mail support and phone support, they got the whole support package in o