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Bondora reported a 17.3 per cent decline in loan originations in June, which it blamed on the cyclical summer slowdown in deals.
The European peer-to-peer lending platform lent out €12.9m (£10.9m) last month.
Read more: Bondora returns exceed targets in the year to date
The largest decline came from the Spanish market, where volumes fell by 56.4 per cent to €360,784. The second largest origination decrease was in Finland, where volumes fell by 19.4 per cent to €6.3m.
Read more: Bondora aims for one million active customers
However, Bondora also said that it welcomed 1,807 new investors to the platform during June.
“Based on historic trends, the summer tends to be a time with fewer record-breaking moments and somewhat lower figures,” the firm said in a blog post on its website. “But, we look at the bigger picture and continue to build online platforms that make it easier for people to manage their money and gain financial independence. We expect to see an increase in investments and originations again once summer winds down.”
Earlier this week, Bondora revealed a 24 per cent decrease in both secondary market and main market activity in June, with just €138,878 transacted in total.
“As more investors opt for the hands-free Go & Grow investment method, it’s natural to see a drop in manual buying and selling of loans on the secondary market,” Bondora said in a blog post at the time. “But, as the secondary market activity is known to go up and down, let’s see if the activity will pick up again.”
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