PeerBerry nears €1.5bn milestone at five year anniversary

European peer-to-peer lending platform PeerBerry has marked its five year anniversary by revealing that it has almost reached its €1.5bn (£1.29bn) lending milestone.

Since the platform was founded in October 2017, PeerBerry has funded €1.4bn in loans. The total outstanding portfolio is worth €96.6m, and €16.3m has been repaid to investors so far.

By the end of October 2022, the platform had accrued just over 61,000 verified investors.

“We enter the sixth year of operation being strong and with solid numbers,” said Arūnas Lekavičius, chief executive of PeerBerry.

Read more: PeerBerry sees 16 per cent rise in lending volumes

“Our team and our business are tested and verified by extraordinary, would even say historical, challenges. Several waves of the pandemic and the war in Ukraine have proven our and our partners’ responsibility towards investors.

“Responsibility in handling our business and the safety of our investors’ investments will remain the main priorities in our further development.”

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Lekavičius went on to thank PeerBerry’s team, partners and investors for the platform’s success over the past five years.

“Without [them], PeerBerry would not be what it is today,” Lekavičius added.

“I want to thank our investors for their partnership and trust in us – our partners, and we will continue putting all our efforts into meeting the expectations of our investors.”

Read more: PeerBerry repays another €1.4m in war-affected loans