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Former Estonian isePankur is subject to British financial supervision
BC, Tallinn, 08.05.2014.
Print version
Print versionEstonian peer-to-peer or direct lending company Bondora, formerly called isePankur, announced that it received an operating permit and is now under the supervision of the British Financial Supervision Authority, LETA/Äripäev.ee reports.
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Bondora received a direct lending licence that is Europe's only company licence connected only to direct lending.
Bondora's CEO Pärtel Tomberg said that the company's European clients will greatly benefit from the news.
So far Bondora operated without an operating permit since separate licences for direct lending companies didn’t exist. The British Financial Supervision Authority issues direct lending companies operating permits starting April.
Bondora is a peer-to-peer lending service that operates now in 29 European states and has more than 90,000 clients.
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