PeerBerry funded €47.6m of loans in November
PeerBerry investors funded €47.6m (£41m)-worth of loans in November and received €648,080 in interest.
This compares to €46.5m of loans funded in October, earning investors €622,422.
The European peer-to-peer lending marketplace said in an update that it attracted 1,183 new investors last month, bringing its total number of verified investors up to 62,357.
Read more: PeerBerry adds Kazakh short-term lender to platform
The average annual return on investment on PeerBerry in November was 11.1 per cent, according to a blog post on the company’s website.
At the end of November, PeerBerry’s outstanding portfolio amounted to almost €99m.
PeerBerry reached its five-year anniversary on 31 October and revealed that it had almost reached the €1.5bn lending milestone.
Some of its portfolio is exposed to loans in Russia and Ukraine. PeerBerry said last month that it had paid another €1.8m of war-affected loans, meaning that more than 54 per cent of all outstanding Ukraine and Russia loans have now been repaid.
“PeerBerry will process the nearest repayment of war-affected loans in mid-December,” the platform said in its latest update.
Read more: How European P2P lenders are protecting investors from war in Ukraine
PeerBerry works with a number of loan originators across Europe to offer short term, long term, business, real estate and leasing finance products.
The platform revealed last week that there had been a security incident on its platform, whereby cybercriminals accessed customer data.
The data, which was uploaded on one of the hacker’s forums, is almost three years old. As a result, PeerBerry has launched an investigation into a possible leak of data in 2020 and forced a reset of passwords for all clients registered up until April 2020.