PeerBerry adds Vietnamese lender to platform
PeerBerry has added Vietnamese lender CayDenThan to its platform of fintech lenders.
CayDenThan is a joint venture of Aventus Group and Gofingo Group in Vietnam. It offers personal loan services, with zero per cent interest charged to borrowers on their first loan.
To date, the CayDenThan portfolio is worth approximately €400,000 (£348,430). The lender has 20 employees, most of whom are based at the company’s headquarters in Ho Chi Minh City.
Initially, CayDenThan loans will only be available on the PeerBerry platform on Mondays, Wednesdays, and Fridays, but in future they will be available every business day, PeerBerry said in a blog post on its website.
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PeerBerry investors can earn target annual returns of up to 12 per cent via the CayDenThan loans. All loans are subject to PeerBerry’s buyback and group guarantees.
PeerBerry works with a number of fintech loan originators across Europe to offer short term, long term, business, real estate and leasing finance products.
It recently added the Kazakhstan-based lender A Credit to its platform – another short-term consumer lender which is backed by Aventus Group.
Almost €1.5bn has been loaned via PeerBerry to date, with investors earning average returns of 11.1 per cent.
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