PeerBerry funds loans worth €65m in March
European peer-to-peer lending marketplace PeerBerry funded loans worth €65.53m (£57.68m) in March, a rise of €10.23m (18 per cent) on February’s figure.
Investors received €877,001 in interest in March, with 1,071 new investors joining the platform. The average annual return on investment for March was 11.11 per cent.
The aggregator also said it had repaid more than €1.7m in war-affected loans in March, bringing the total repaid to €34.8m, or 69.3 per cent owed to investors affected by Russia’s invasion of Ukraine, through its group guarantee mechanism.
PeerBerry said it will process the next repayment of war-affected loans in mid-April 2023.
Read more: PeerBerry funds €55.3m of loans in February
As at the end of March, the company had an outstanding portfolio of €110.46m, with €20.1m interest paid to investors. It has a total of 67,197 verified investors.
Since PeerBerry‘s inception, investors have funded €1.67bn of loans.
The platform said adjustments were made in its auto invest tool at the end of March, one of which is the requirement to indicate an investment upper limit of at least €50.
The minimum investment amount on PeerBerry remains €10, which can be invested manually. The auto invest tool will invest amounts ranging from €10 to €50.
Read more: PeerBerry to reduce interest rates