PeerBerry hits 70,000 investor milestone after bumper May
European peer-to-peer lending platform PeerBerry has passed its 70,000 investor milestone after a bumper May.
Last month, PeerBerry investors funded €63.4m (£54.7m) of loans and received €814,254 in interest. The amount of funded loans on the platform was five per cent higher than the previous month.
1,344 new investors joined the platform over the course of the month, bringing the platform’s total number of verified investors to 70,117.
Since inception, PeerBerry’s investors have now funded €1.8bn in loans.
In an update to investors, PeerBerry confirmed that during May, the platform’s business partners repaid more than €1.8m in war-affected loans. This means that €38.73m – or 77.12 per cent – of the total war-affected obligations to PeerBerry investors have now been paid.
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Amid growing interest in the platform, PeerBerry has encouraged investors to consider investing in its sister platform Crowdpear, which shares the same shareholders as PeerBerry. Crowdpear currently has almost 2,500 international investors and manages a portfolio of €1m.
“The demand on the PeerBerry platform is high, and many investors face the issue of investing all the funds held in the PeerBerry account,” said a platform spokesperson.
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“To avoid a cash drag, please consider investing part of the funds held in your PeerBerry account in the regulated platform Crowdpear, represented by our team.
“On the Crowdpear platform, you can invest in property-backed real estate or business loans (primary mortgage) and earn up to 12 per cent annual interest. Crowdpear offers a secondary market. The Bank of Lithuania supervises Crowdpear’s activities.”
Read more: PeerBerry originator Litelektra repays €1m loan to investors