Bondora Go and Grow Review 2026

Last Update: 9 July 2026

What is Bondora?

Bondora is an Estonian P2P lending platform that was founded in March 2008. Given its long operating history, the company is one of the oldest, most experienced, and most crisis-tested P2P platforms in Europe.

Over the years, Bondora has also established a dominant market position. The platform currently manages more than EUR 500 million in investor assets from over 500,000 registered investors. Based on these figures, only Mintos holds a larger market share within the European P2P lending industry.

One of Bondora’s greatest strengths is its financial stability. The company has remained consistently profitable since 2017, while its balance sheet metrics rank among the strongest in the entire industry. More details can be found later in my Bondora Go & Grow review.

A few words about the business model: Bondora’s core business consists of financing unsecured consumer loans within the European Economic Area, with loan terms of up to 60 months. Its primary borrower markets are Estonia and Finland. Through its recent expansion efforts, the Netherlands, Denmark, and Latvia have also been added to the portfolio.

Investors can gain exposure to Bondora’s managed loan portfolio through the “Go & Grow” product, which was introduced in 2018. In return, investors receive a 6% annual return and the ability to withdraw funds from their Bondora account on a daily basis.

It should be noted that Bondora currently operates as an investment platform without a product-specific regulatory license. What this means in practice for investors, and which risk factors should be considered, will be discussed in more detail later in this review.

Bondora On-Site Visit

There have been two in-person meetings with the Bondora team in Tallinn. The first took place in October 2018, the second in May 2024.

On both occasions, I had the opportunity to speak with Bondora founder and CEO Pärtel Tomberg. The 2024 conversation was particularly substantive, covering topics such as the lack of transparency around Go & Grow, the performance of the loan portfolio and the company’s plans to obtain a banking licence. The full interview can be viewed here.

What is Bondora Go & Grow?

Bondora Go & Grow is an investment product that is offered by the previously introduced P2P lending platform Bondora. The first investors were able to test Go & Grow as early as April 2018, while the product was officially launched and made available to all investors in June 2018.

The key features of Bondora Go & Grow include a predefined target return of 6% per year, daily interest accrual, ease of use, high liquidity (daily withdrawals under normal market conditions), and broad diversification across more than 100,000 borrowers.

Due to its structure, Bondora Go & Grow is particularly suitable for two types of investors:

• New and less experienced investors who are looking for a simple investment product
• Investors with a strong focus on liquidity and quick availability of their funds

With the launch of Go & Grow, Bondora set new standards in the industry, particularly in terms of simplicity and liquidity. It is no coincidence that many platforms have since attempted to launch similar products, often without success. Examples include Mintos Invest & Access and Crowdestor Flex. Among the strongest current alternatives to Go & Grow are Monefit SmartSaver and TWINO FLEXI.

One point that deserves criticism is that Bondora Go & Grow does not publish performance-related metrics regarding the quality of the underlying loan portfolio. Further discussion of this issue follows in the risk section.

Bondora Go & Grow at a Glance

All key facts and figures about Bondora Go & Grow at a glance.

Bondora Go and Grow News

P2P lending is a dynamic asset class where investors should stay continuously informed. You will find the latest news on Bondora Go & Grow on my P2P lending news page, where I cover other P2P platforms as well.

Alternatively, you can subscribe to my Telegram channel or WhatsApp group (both free of charge) to receive real-time updates as soon as new developments emerge.

Registration and Bonus

To invest in Bondora Go & Grow, investors must meet two requirements: They must be at least 18 years old and reside in the European Union, Norway, or Switzerland. The registration process is designed to be intuitive and can usually be completed within just a few minutes.

• Click on “Register” and enter your email address, name, and mobile phone number
• Verify your email address via the confirmation email and log in to the platform
• Enter your personal details (name, address, and phone number)
• Complete the AML questionnaire regarding your employment status and source of funds
• Complete the final identity verification process.

Once the verification has been approved, investors can deposit funds and start investing in Bondora Go & Grow immediately.

Bondora Go & Grow Bonus

If you want to try Bondora Go and Grow, you will receive a EUR 5 investment bonus to your account when you register via my partner link. 

Investors looking for a comprehensive overview of all available sign-up bonuses and cashback promotions across different platforms can find them on the bonus page.

Bondora Go & Grow – How It Works

To understand how investing on Bondora Go & Grow works is fairly easy and simple. The following steps outline the key process.

Registration and Deposit

To use Bondora Go & Grow, investors must first register on the Bondora website. Only two requirements must be met:

• Minimum age of 18 years
• Residence in the European Union, Norway, or Switzerland

Once all required information has been submitted and the account has been created, funds can be transferred via SEPA bank transfer to the account holder “Go And Grow OÜ” under the “Invest” section. Depending on the bank, the transfer may take two to three business days to arrive.

Goals

Through the “Goals” section, investors can define their investment objectives. Users can set a name, a target amount, and optionally a target date to track progress. Funds can then be allocated to individual goals accordingly.

Return

After the launch of Bondora Go & Grow, investors were able to achieve a targeted annual return of 6.75%. In April 2025, the target return was adjusted to 6% p.a. Throughout its entire history, the advertised return has been achieved for all investors.

Go & Grow Deposit Limit

In September 2020, Bondora introduced a monthly deposit limit for its Go & Grow product. This measure was implemented in response to significant volatility in deposits and withdrawals following the outbreak of the COVID-19 pandemic.

The introduction of the deposit cap meant that investors needed considerably more time to build a larger position in the product. As a result, this artificial scarcity led to a higher perceived value of the product among investors. At the same time, it provided Bondora with a more stable planning horizon for balancing loan supply and investor demand.

The monthly deposit limit was EUR 1,000 until September 8, 2024. This limit represented the sixth adjustment since its original introduction. On September 9, 2024, Bondora announced a temporary removal of the deposit limit. Since then, the deposit limit has remained lifted to this day.

Loan Portfolio

With Go and Grow, investors invest in the loan portfolio of the Bondora Group, which is active across Europe with various lenders. This includes countries such as Estonia, Finland, the Netherlands, Denmark, and Latvia. As an investor, you can think of it like an investment fund with more than 100,000 loans.

There are no publicly available statistics regarding the assets managed by Bondora Go & Grow or the exact performance of the loan portfolio. For this reason, Go & Grow has a sort of “black box” nature, making a precise risk assessment difficult.

The only information regarding the quality of the loan portfolio is provided to investors in the form of breakdowns by borrower country and risk rating. These results are published intermittently on the blog. Looking at the percentage distribution of risk ratings, it appears that Bondora has followed a rather conservative approach to lending over the years.

Withdrawals

Generally, withdrawals from Bondora Go and Grow can be made instantly and in full amount. Hence, there are no withdrawal restrictions.

However, the liduidity is dependent on certain market situations. During the peak of the COVID-19 crisis, Bondora had to temporarily introduce partial payouts between March 2020 and June 2020 due to the high volume of withdrawal requests. If money is withdrawn from Bondora Go and Grow, the Estonian P2P platform charges a flat withdrawal fee of EUR 1.

Fees

Currently, there are no costs or hidden fees for managing the Go & Grow investment on Bondora. Only a fee of EUR 1 per withdrawal is charged.

Bondora Go & Grow Taxes

How is the income from Bondora Go & Grow taxed? There are different opinions and experiences among P2P investors on this popular and frequently asked question.

In general, income generated through P2P loans must be taxed as interest income. With Bondora Go & Grow, the situation is somewhat different. The platform itself writes:

You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.

In plain terms: If you do not withdraw more money than you originally invested, you have not realized any profits and therefore do not need to pay taxes. This is also referred to as alternative taxation.

According to the platform’s evaluation, Bondora Go & Grow is considered a tax-optimized investment product, allowing compound interest to work effectively. Whether the tax-optimized model applies should be discussed with a tax advisor or directly with the tax office in each individual case.

Go & Grow Tax Report

Investors can download a tax report under the “Go & Grow Tax Report” section in the settings.

Bondora Go & Grow Risk

Anyone looking to invest in Bondora Go & Grow must be aware of the risks associated with the investment product. But what are these risks? And how can they be assessed? More details are provided in the following sections.

Platform Risk

Since April 2026, Go & Grow has been operated by the independent company “Go&Grow OÜ”, following its spin-off from the Bondora Group. For investors, nothing changes operationally for the time being.

In its domestic market Estonia, the platform is not subject to any supervision or oversight by a financial authority. There is neither an investor compensation scheme nor any regulatory requirement for compliance or transparency standards.

As a product without its own regulatory licence, trust in the underlying corporate group is a key risk factor. What speaks in favour of Go & Grow is its long-standing association with the Bondora Group, the group’s consistently profitable business development and its KPMG-audited financial reports.

Segregation of Funds and Deposit Protection

All funds deposited into Go & Grow are automatically invested in loans. A wallet function with unallocated balances no longer exists. All investor funds are held in segregated client accounts with AS LHV Pank, a subsidiary of Estonia’s largest domestic financial institution. Funds are therefore kept separate from the platform’s own operating funds. Individual IBANs for investors are not provided. Incoming payments are matched using reference numbers and verified bank accounts.

Unlike traditional bank deposits, there is no entitlement to compensation through a deposit guarantee scheme. Investors should therefore be aware that invested capital is subject to a real risk of loss, that returns are not guaranteed and that it may not be possible to recover the full amount invested.

Bondora in Crisis Situations

In the past, Bondora has had to navigate several crisis situations, including the COVID-19 pandemic and the war in Ukraine.

COVID-19 Pandemic: Bondora responded early to the outbreak of the pandemic by significantly reducing new loan issuance. In Spain and Finland, lending activities were even suspended entirely for several months. This conservative approach proved financially beneficial: In 2020, Bondora reported a net profit of EUR 3.4 million, making it the strongest financial year in the platform’s history at that time.

From an operational perspective, Bondora Go & Grow experienced liquidity constraints for approximately two and a half months. Due to insufficient cash reserves, partial withdrawals were temporarily introduced. As a consequence, Bondora later implemented a monthly deposit limit for Go & Grow in order to better balance supply and demand.

War in Ukraine: Since Bondora’s lending markets are located outside the affected war zone, the conflict had no direct impact on the platform. According to Bondora, there were no operational disruptions related to the war in Ukraine at any point.

Financial Stability

The financial stability of a P2P platform is a key risk factor. Is Bondora already able to operate profitably? And what conclusions can be drawn from the balance sheet?

The following figures are based on the Bondora Group annual report for 2025. The report was prepared by KPMG Baltics and audited in accordance with IFRS standards. The figures therefore carry a certain degree of credibility.

Profitability

Bondora increased its revenue by 19% to EUR 62.7 million during the 2025 financial year. At the same time, its loan portfolio grew by 16% to EUR 697 million, while net profit almost eightfold to a record EUR 9.5 million.

As a result, Bondora Group AS, the parent company behind the Bondora platform, has now remained profitable since 2017.

Balance Sheet

The balance sheet remains equally strong. The equity ratio (74.7%), debt ratio (0.34), and liquidity ratio (3.18) are all within strong and healthy levels.

 
The exceptional increase in profit – and consequently some of the financial ratios – have been supported by a one-off transaction with Bondora selling a portfolio of non-performing Finnish loans to an institutional investor. While a part of the purchase price will only be received over the next three years (recorded as a EUR 2.65 million long-term receivable on the balance sheet), Bondora appears to have already credited investors with the full amount of the sale proceeds.
 
The annual report does not disclose how much this one-off transaction contributed to the group’s total profit. Without knowing the exact size of the one-off effect, it is impossible to determine the company’s underlying recurring earnings with precision.

Return Risk

Bondora promotes Go & Grow with a return of 6%. In order for this return to be sustainably paid out to investors, it must be generated by the loan portfolio. Otherwise, the system behind Go & Grow will eventually collapse. How should this risk be assessed?

For a long time, the Bondora statistics, which cover all loans since 2008, showed a negative trend in the overall performance of the loan portfolio. By early 2025, the performance of the Bondora loan portfolio was below the initial return of 6.75%, which had been offered to Go & Grow investors from the start.

A petition I started, which advocated for transparent reporting of the Go & Grow loan portfolio, was rejected by Bondora. As a result, important questions regarding the transparency and return of Go & Grow remain unanswered.

Liquidity Risk

Liquidity risk should also be taken into account, as Bondora heavily markets Go & Grow based on the daily availability of invested funds. However, this promise has not always been fully upheld in the past.

At the beginning of the COVID-19 pandemic, demand for withdrawals increased so significantly that the platform had to introduce temporary partial payouts between March 2020 and June 2020. The reserves of the Go & Grow loan portfolio were therefore not sufficient to maintain the promise of daily liquidity at all times. Investors should thus be aware of the risk that daily liquidity can only be guaranteed under certain market conditions.

Loan Default Risk

Loan defaults are part of the daily business of any P2P lending platform. Since Bondora Go & Grow investors have no protection or guarantees for the advertised return, it’s worth taking a closer look at the debt collection and recovery process, which at Bondora consists of four phases:

• Step 1: Internal Debt Collection. Internal debt collection begins even before the official payment default, which helps to prevent immediate defaults in up to 97% of cases.
• Step 2: Debt Collection Agency. If the loan has been overdue for 90 days, the contract is terminated and handed over to a debt collection agency.
• Step 3: Court Proceedings. As a last resort, the case is taken to court. The timeline varies by country, but on average, a court decision is reached within two to six months.
• Step 4: Bailiff Enforcement. Once a court ruling has been issued, the case is passed on to a local bailiff. Bondora receives regular updates to monitor the progress.

According to Bondora, about 31% to 54% of the defaulted principal is recovered within three years, depending on the country. On average, the amount recovered from a defaulted EUR 1,000 loan is between EUR 667 and EUR 689.

In July 2025, Bondora published a breakdown of the currently defaulted loans and the phase they are in. In established markets like Estonia and Finland, 54% and 66% of loans, respectively, are already at the bailiff stage, meaning the final phase of the collection process. In the Netherlands, a newer market, 75% of loans are still with the collection agency.

Recovery prospects are considered particularly low in Estonia, where 23% of defaulted loans are classified as unlikely to be recovered. In contrast, the outlook is significantly more optimistic in Latvia, where only 3% of loans are considered unlikely to be recovered.

Advantages and Disadvantages

In this section, I have listed what I consider to be the most important advantages and disadvantages of Bondora Go & Grow.

Summary Bondora Go and Grow Review

What is the final conclusion of this Bondora Go & Grow review? Is the Estonian investment product worth a try?

Launching in 2018, Bondora Go & Grow has set new standards in terms of fixed returns, ease of use, high liquidity, and broad diversification.

In particular, the combination of simplicity and high liquidity makes Go & Grow a good option for two types of investors:
first, for new and more inexperienced investors who want to start investing in P2P loans quickly and easily; and second, for investors with a strong need for liquidity who want to invest their money short-term at an attractive interest rate.

With the exception of a three-month period following the outbreak of the Covid-19 pandemic, the platform has consistently maintained daily liquidity since 2018. Despite this strong track record, it is clear that liquidity can be limited in exceptional situations.

Apart from liquidity, investors should also pay close attention to the underlying risks related to transparency and returns, which are discussed in detail in these Go & Grow review. Those with a long-term investment horizon will find stronger alternatives within the P2P lending space in terms of expected returns and risk mitigation.

Personally, I used Bondora Go & Grow as an active investor between June 2018 and August 2023, and again starting in January 2025. During this time, I earned more than EUR 7,000 in interest. Do you also want to try Bondora Go & Grow? Then register now by using the link below.

Bondora Go and Grow Alternatives

Are you already invested in Bondora Go & Grow and looking for similar alternatives with high liquidity? In the current market environment, the closest Go & Grow alternatives are Monefit SmartSaver, TWINO FLEXI, and Modena. The following table is intended to illustrate the similarities and differences between these products.

Additional Bondora Go & Grow alternatives can be found in my P2P platform comparison.

FAQ Bondora Go & Grow Review

Denny Neidhardt

denny@rethink-p2p.de | Webseite

I’m Denny Neidhardt, the founder of re:think P2P. On this blog, I help retail investors make smarter, well-informed investment decisions in the world of P2P lending. Since 2019, I’ve been publishing in-depth analyses, platform reviews, and risk assessments to bring more transparency to this investment space. My goal is to challenge marketing claims, question developments, and empower investors with honest, independent insights.

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