Following a month of rapid growth in September, our loan volume in October has stabilised, which is no surprise. After a significant surge, it's natural for growth to find a steady pace. Nonetheless, we are pleased to see our community of investors growing stronger, reaching more than 15,000 investors. To each of you - thank you for your continued trust and support.
Let's take a closer look at the main business highlights for October:
- Total loan volume funded since inception: 66,966,693 EUR
- Loan volume originated in October: 4,374,093 EUR
- Number of loans originated in October: 8,247
- The average nominal interest rate of loans originated: 14.4%
- Number of active investors: 15,785
- Paid back principal total: 56,334,123 EUR
- Paid back interests total: 1,417,283 EUR
With 4.37 million EUR in loans originated and an increasing number of investors, hive5 remains on a strong path. The continued growth in our investor community reflects a lasting interest in our platform.
As we head into the year's final months, our focus is on closing 2023 on a high note. We're analysing our progress, identifying areas to improve further, and setting strategic plans for next year. We aim to provide our investors with even better results and value in the coming year