PeerBerry sees 16 per cent rise in lending volumes

PeerBerry saw a 16 per cent rise in its monthly lending volumes and welcomed 1,124 new investors in May, as the European peer-to-peer lending platform recovers to pre-war levels.

The platform funded €38.46m (£32.85m) in May to bring its total lending since inception to €1.84bn. Last month, the total number of lenders grew to 55,665. A total of €491,855 was paid to these lenders in interest.

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In May, PeerBerry repaid about €3m of war-affected Ukrainian and Russian short-term loans. Since the war started, its business partners have repaid €15.98m of war-affected loans, or 32 per cent of the total war-affected obligations towards the platform’s investors.

The platform said partial repayments of war-affected loans are being implemented every month until war-affected loans are repaid in full.

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“After very positive growth in April, in May, the volumes of funded loans on PeerBerry further grew by 16 per cent,” the platform said in a blog on its website.

“1,124 new investors joined PeerBerry in May, which shows that investor mood is back to pre-war levels.”

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