PeerBerry’s Polish originators report huge profits
PeerBerry’s business partners in Poland made €11m (£9.54m) in audited net profit in 2022, the peer-to-peer lending marketplace has reported.
The total audited net profit of the platform’s Polish loan originators was 51 per cent higher than in 2021.
Polish companies partnering with PeerBerry in 2022 issued €134.5m in loans – 40 per cent more than in 2021.
Read more: PeerBerry to reduce interest rates
Among the Polish companies offering loans to PeerBerry investors, Pixo saw the highest 2022 profits, with €2.4m audited net profit reported.
Short term consumer lender Ltu Finance turned a profit of €1.9m last year, as did consumer lender Arena Finance.
Read more: Twino launches virtual credit card product in Poland
Short term lender Tusumi reported €1.75m in audited net profit.
Meanwhile, Polish loans issued via Aventus Group made €3.02m in audited net profits last year.
Currently, the total loan portfolio of Polish companies on the PeerBerry platform amounts to €40m.
Polish loans account for approximately 25 per cent or €24m of PeerBerry’s originator community.
PeerBerry is one of the largest P2P platforms in Europe and works with a number of loan originators from across Europe, as well as Vietnam, Kazakhstan, Moldova, India and Kenya. The platform is currently working to recover all war-affected loans from Russia and Ukraine.
Read more: PeerBerry repays €1.8m in war affected loans in May