PeerBerry sees another month of record lending

PeerBerry saw €80.4m (£69m)-worth of loans funded on its platform in November, a record high.

This follows €77.6m of funding in October, which was a new record at the time.

The European peer-to-peer lending platform said that investors earned €862,844 in interest in November, while its portfolio had grown to €109.88m by the end of the month.

The platform currently has more than 76,625 investors and almost half of them actively invest daily.

Read more: Consumer confidence fuels appetite for P2P investing

Since PeerBerry’s inception, investors have funded €2.24bn of loans and earned €27.39m in interest.

Separately, PeerBerry announced that Aventus Group lender Credito365 from Mexico has started offering short-term loans on the PeerBerry platform.

The loans are backed with a buyback and a group guarantee, and offer 10 per cent annual returns to PeerBerry investors.

Read more: PeerBerry rolls out new loans in Africa, Colombia, and Mexico

Fellow European P2P lender Robo.cash also reported a bumper November, with €22m invested and €745,000 earned by investors. It attracted 392 new investors during the month, bringing its total investor base to 35,000.