PeerBerry funds €55.3m of loans in February
PeerBerry investors funded €55.3m (£48.9m) of loans and received €745,564 in interest in February, according to the firm’s latest update.
The European peer-to-peer lending marketplace also saw 1,160 new investors join last month, taking the total up to 66,126.
PeerBerry’s portfolio amounted to €107.7m at the end of last month, and it recorded an average annual return-on-investment (ROI) of 11 to 12 per cent.
Read more: PeerBerry to reduce interest rates
The platform has exceeded €1.6bn invested in total, since it was founded by Aventus Group in 2017.
Last month, PeerBerry launched two new destinations to invest in loans, with Aventus NT in Spain for business loans and PůjčkaPlus in the Czech Republic for short-term loans.
PeerBerry business partners repaid more than €1.8m in war-affected loans in February.
Under the group guarantee mechanism in 12 months of the war, PeerBerry business partners have already repaid €33m, or 66 per cent of the total war-affected obligations towards PeerBerry investors.
PeerBerry will process the next repayment of war-affected loans in mid-March 2023.
Read more: PeerBerry originator Litelektra repays €300k loan to investors
The firm also flagged a six month-term loan offering 11 per cent ROI via PeerBerry-backed crowdfunding platform Crowdpear.
PeerBerry launched the regulated crowdfunding product represented by its team, which allows investors to fund property-backed loans, last month.
“On Crowdpear, you can invest in property-backed loans with an attractive return,” it said at the time. “We invite you to consider investing in a currently available project on the Crowdpear platform with 11.5 per cent return.”
Read more: PeerBerry adds Vietnamese lender to platform