shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
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Post by shimself on May 14, 2018 14:59:28 GMT
It's some sort of autoinvest offering 6.75%. But after that I know nothing. Has anybody found an explanation?
(And yes don't trust them further than you can throw them I know)
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Post by oktaeder on May 14, 2018 18:07:40 GMT
Bondora explained in their blog.
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Post by wiseclerk on May 14, 2018 20:30:50 GMT
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Post by kissmyjazz on May 15, 2018 10:03:59 GMT
The return on investment is not guaranteed but limited. So in essence limited upside with unlimited downside. Why would anyone invest in this "product" when there are plenty of loans with buyback paying higher interests?
I do not understand Bondora at all, pretty much everything it does alienates me more and more.
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Post by rahafoorum on May 15, 2018 21:08:36 GMT
The return on investment is not guaranteed but limited. So in essence limited upside with unlimited downside. Why would anyone invest in this "product" when there are plenty of loans with buyback paying higher interests? I do not understand Bondora at all, pretty much everything it does alienates me more and more. Understanding Bondora is relatively easy. There are pretty much only three things you need to understand, to figure out their perspective of things. Here are the things they still seem to be believing after several years: a) Bondora hasn't been able to significantly increase their monthly originations for a while because investors choose what they invest into. b) Bondora never takes financial risk exposure from their "quality" investment opportunities when they don't have to. And if they do have to, they do it as little as humanly possible. c) Bondora wants to have the option to change things one-sidedly. Thus they'll pretty much never bind their hands with specific conditions like "DCA fee is 15%". Otherwise they can't onesidedly increase it to 35% silently a few months later if they want to. If you look at any terms, you'll see how they leave enough gaps for themselves to change conditions and get out of anything they don't want to do anymore.
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fric
Member of DD Central
Posts: 200
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Post by fric on May 16, 2018 6:23:19 GMT
As far as I remember we could see from the data, that bondora hasn't been able to increase the loan amounts in the past few years, there are quite a bit of negative info on them on the internet, no wonder they are trying to make new products to sort of rebrand them or get in new investors.
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Post by kissmyjazz on May 16, 2018 7:30:24 GMT
Solid local companies pay 6-8 % guaranteed interest on their bonds. Bondora's offering is not competitive in any way.
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yacop
Posts: 68
Likes: 42
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Post by yacop on May 16, 2018 20:05:56 GMT
Bondora will be done, it is just a matter of time. No growth since at least one year. And a year is a lot in the start-up universe. No sympathy for Bondora on Facebook and financial Blogs anymore. Usability is a nightmare with Bondora.  , wrong management decisions. Haha. I told you so many times. Keep dreaming of getting an uplift with 6.75% capped upside but unlimited downside. |
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Post by kissmyjazz on May 16, 2018 22:53:31 GMT
Bondora is not a startup though. They have been around for 10 years. If they can maintain their position and be profitable, then more power to them. It looks like they are doing fine on Estonian and Finnish markets. Their user interface, customer communication, data analytics, and loan collection are all horrible, however.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on May 17, 2018 6:23:35 GMT
The only good thing about this is that maybe people will no longer have to pay tax when they have not made any money.
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yacop
Posts: 68
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Post by yacop on May 17, 2018 21:11:35 GMT
Bondora is not a startup though. They have been around for 10 years. I know but measured by their volume they are newcomers.
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fric
Member of DD Central
Posts: 200
Likes: 80
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Post by fric on May 18, 2018 6:06:45 GMT
Bondora is not a startup though. They have been around for 10 years. I know but measured by their volume they are newcomers. My description would actually be "a declining business".
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Post by geldregiertdiewelt on Jun 12, 2019 18:25:58 GMT
But, as the available data in the meantime suggests, Go & Grow also helped Bondora to go and grow.
Now Mintos is following with kind of the same thing, yet much better interest pledge. If I were Bondora I would be concerned. Let's see how they can keep their pace with Mintos attacking.
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, wrong management decisions. Haha. I told you so many times. Keep dreaming of getting an uplift with 6.75% capped upside but unlimited downside.
