PeerBerry adds Kazakhstan lender to platform
PeerBerry has added Kazakhstan-based lender Onecredit to its platform.
The European peer-to-peer lending marketplace said that its investors will be able to fund Onecredit’s short-term, personal loans with an 11 per cent annual return.
The loans, which will be available every business day, include a buyback and a group guarantee.
Read more: PeerBerry pauses Vietnam loans, onboards new lenders
Onecredit was launched in September 2022 by Aventus Group and has 15 employees. It has a portfolio of more than €500,000 (£429,732).
PeerBerry has added a number of new originators to its platform recently, including Sri Lanka’s CashX and India’s LendPlus, and plans to add more in the coming months.
The firm recently passed its 70,000 investor milestone after a bumper May.
Since inception, PeerBerry’s investors have now funded €1.8bn in loans.
Some of PeerBerry’s originators were impacted by the war in Ukraine. A recent update revealed that PeerBerry’s business partners have repaid more than €1.8m in war-affected loans.