PeerBerry sees uptick in lending volumes in July

PeerBerry investors funded €67.6m (£58m) of loans in July, a four per cent month-on-month increase.

The European peer-to-peer lending marketplace said that 1,088 new investors joined the platform last month and that its portfolio amounted to €115.83m at the end of July.

Since PeerBerry‘s inception, the platform’s investors have funded over €1.9bn in loans.

Last month, originators on the platform that have been impacted by the Ukraine war repaid an additional €1.8m of war-affected loans, meaning that 85 per cent of war-affected obligations have been paid towards PeerBerry investors.

The platform said it will process the further repayment of war-affected loans in mid-August 2023.

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PeerBerry also noted that sister company Crowdpear – a crowdfunding platform which offers property-backed real estate and business loans – gained its pan-EU crowdfunding licence last month.

“As the demand on the PeerBerry platform is high, and many investors face the issue of investing all the funds held in the PeerBerry account, please consider investing part of your funds in Crowdpear,” the firm said.

Currently, Crowdpear has more than 3,080 investors and manages a €1.67m investment portfolio.

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