For years I’ve been investing as a private person in Bondora, so today when I finally got to registering my business account, then I realised that I didn’t actually know how to do that since there isn’t an easy button somewhere and quickly glancing through the informational material didn’t give me the result (the guide is actually accessible here).
I’m assuming that at least one person has had the same problem as me, so here is a short overview of how it goes: (I just e-mailed firstname.lastname@example.org and they were nice enough to hold my hand through the whole process).
Step 1: Must have a verified personal account
I actually registered with Bondora such a long time ago, that I had never gone through the whole verification process as a private person. It’s just two easy steps – they want to see a photo of your ID (legible, has all relevant details) + a copy of a bill that’s listed to your address and includes your name (this might be a problem for people who rent, or who don’t have a lot of bills to pay, to substitute this you can also order a PIN to be mailed to you).
After you’ve presented the relevant documents you have to verify your bank account – I didn’t need to do that anymore, but a 1€ deposit will do it. Verifying the documents took like 15 minutes – maybe because I e-mailed them beforehand, so I’m not sure how representative this is of the general user experience.
Step 2: Provide information about your company
This step just means e-mailing relevant information to Bondora, there is no easy “send into here” button, you just e-mail them all the details about your company (owners, registration number, address, data from the business registry (RIK in Estonia) and info about the beneficiaries).
After this you just have to wait until they have looked over the documents and add a business account to your ordinary account. You can access the account afterwards in the top right corner (where your name is) and easily switch between different accounts. You just have to log in and out to make it work.
Step 3: Invest!
Once your account is registered, you can add money to your account (remember business account for the business profile!) and start investing when the money is there. Overall it was a reasonably easy process, customer service was pretty helpful and I’ve already made my first bids from my business account.