European lending marketplace PeerBerry will reduce its investor rates on 5 September.
From this date, the maximum returns offered by the platform’s loan originators will be 12 per cent. The lowest returns will be nine per cent.
The platform said that the decision has been taken based on the group of companies’ profitability and/or limited need to borrow, as well as high demand from investors on the platform.
The peer-to-peer lender encouraged investors to consider alternatives for their money in order to avoid cash drag.
“The demand on the PeerBerry platform is high, and many investors face the issue of investing all the funds held in the PeerBerry account,” the platform said in a message to investors.
“To avoid a cash drag, please consider investing part of the funds held in your account in the EU-level regulated platform Crowdpear, represented by our team.
Read more: PeerBerry investors undeterred by inflation
“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.”
Meanwhile, in a separate update PeerBerry revealed that its business partner Aventus Group is set to fully cover its war-affected short-term obligations towards PeerBerry investors.
This includes accumulated interest totalling €35.13m (£30.33m). The final repayment of Aventus Group war-affected short-term obligations will be processed on 5 September.