PeerBerry’s lending ticks up in June while Robo.cash sees drop in investments

European peer-to-peer lenders Robo.cash and PeerBerry have both released updates for June.

In June 2023, Robo.cash had over €17m (£14.6m) invested in its platform – a 10.5 per cent decrease from May when the amount invested was over €19m.

The company also announced that it attracted over 459 new investors, a 13.2 per cent decrease from 529 in May. Its investors earned over €716,000 in interest, compared to over €759,000 in May – a 5.6 per cent decrease.

Read more: PeerBerry funds loans worth €65m in March

For PeerBerry investors, June fared better than May, with €65.12m of loans funded and €819,213 earned in interest. The amount of funded loans on the platform was three per cent higher than the previous month, with €63.4m of loans funded and €814,254 in interest.

At the end of June, PeerBerry’s portfolio amounted to €115.17m – a 0.8 per cent increase in comparison to May when the portfolio amounted to €114.21m.

PeerBerry attracted 1,205 new investors in June, down from 1,344 in May, but the overall number of verified investors rose 1.7 per cent to 71,335.

Read more: P2P returns predicted to go down as market grows

Since PeerBerry‘s inception, its investors have funded almost €1.9bn in loans. PeerBerry business partners have also repaid 81 per cent of the total war-affected obligations towards PeerBerry investors after the Russian invasion of Ukraine.

PeerBerry will process the further repayment of war-affected loans in mid-July 2023.

Read more: PeerBerry war-affected loan repayments hit €34.8m