PeerBerry launches crowdfunding product after busy January
PeerBerry has launched a regulated crowdfunding product represented by its team, which allows investors to fund property-backed loans.
The European peer-to-peer lending marketplace announced that Crowdpear is now available to all registered investors, with a target return of 11.5 per cent.
The news comes after PeerBerry announced that its investors funded €52.44m (£46.68m) in loans last month, and earned €734,689 in interest.
“We see a growing need for our investors to invest and diversify, so we opened an additional opportunity for you to invest part of your funds on Crowdpear – a regulated crowdfunding platform represented by our team,” said PeerBerry in an update to investors.
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“On Crowdpear, you can invest in property-backed loans with an attractive return. We invite you to consider investing in a currently available project on the Crowdpear platform with 11.5 per cent return.”
PeerBerry has seen soaring demand for its P2P lending products. 1,495 new investors joined the platform in January, and earned an average rate of interest of 11.11 per cent.
As of the end of January, 65,000 investors were active on the lending platform.
Earlier this month, the platform revealed that its investors funded €537.5m in loans over the course of 2022, bringing the total value of loans funded since inception to €1.5bn.
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