PeerBerry has record-breaking October

PeerBerry investors invested €77.6m (£67.7m) in loans in October, the highest amount in the company’s history.

The peer-to-peer lending platform has funded €2.16bn in loans since it started offering investments in November 2017. To date, investors earned €26.52m in interest.

At the end of October, the platform had 75,489 verified investors after onboarding 938 new investors during the month. It paid €865,000 in interest to investors in October. And at the end of the month, PeerBerry’s portfolio value was €116.18m.

The October figures beat September’s figures, when the platform’s investors had funded €75.7m in loans.

Read more: PeerBerry reports record September funding volumes

Earlier in October, the group said it had repaid all of its war-affect Russia loans with zero losses to investors. A total of €20.27m was recovered for investors, making PeerBerry the only investment platform to successfully recover its Russian obligations.

Read more: PeerBerry repays all war-affected Russia loans with no losses

At the same time, the platform onboarded Sri Lankan lender LoanPlus as a new partner. LoanPlus specialises in offering short term loans to consumers, targeting 11.5 per cent in annual returns.

Read more: PeerBerry onboards Sri Lankan lender