PeerBerry reports record September funding volumes
European peer-to-peer lending marketplace PeerBerry has reported record funding volumes during the month of September, in its latest update to investors.
The platform’s investors funded €75.7m (£65.61m) in loans last month – the highest amount in PeerBerry’s history.
This follows a record-breaking August when investors channelled €75.36m into the platform.
PeerBerry’s investors earned €1.5m in interest to investors, which included €850,186 for investments in regular loans and €641,439 of accumulated interest for investments in war-affected short-term loans.
Since the Russian invasion of Ukraine in February 2022, PeerBerry’s guarantee mechanism has resulted in 90.64 per cent of outstanding war-affected obligations being repaid, totalling €45.52m.
“The remaining war-affected amount will be repaid monthly until all war-affected obligations are covered in full,” said a platform spokesperson.
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As of the end of September 2023, PeerBerry’s portfolio amounted to €117.38m. 1,001 new investors joined the platform last month, meaning that the platform now has more than 74,550 verified investors.
Since PeerBerry’s inception, its investors have funded €2.1 billion in loans.
At the end of September, PeerBerry onboarded a new lender – Spanish consumer lender Smartcredito.
Smartcredito is a short-term lender which launched at the beginning of May 2023 by PeerBerry affiliate Aventus Group.
It offers consumer loans up to the value of €1,000 for up to 30 days, and targets investor returns of 10 per cent per annum.
Read more: PeerBerry originators have repaid more than 90pc of war-affected loans