PeerBerry loan volumes rose by 50pc last year

PeerBerry investors funded €809.57m (£702m) of loans last year, a 50 per cent increase from 2022.

Investors on the European peer-to-peer lending marketplace were paid €10.43m in interest in 2023, which is 46 per cent higher than the previous year.

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

PeerBerry’s portfolio totalled €106.78m at the end of 2023, while its investor base swelled to 77,614 after 14,143 new investors joined the platform last year. 40 per cent of verified users are actively investing daily, PeerBerry said.

The platform also confirmed that its originators have repaid investors 92.6 per cent of loans impacted by the Russia-Ukraine war, equating to €46.5m.

“Despite global realities, the year 2023 was very successful for our partners, which ensured further stability on PeerBerry and significant repayments in war-affected loans to our investors,” said Arūnas Lekavičius, chief executive of PeerBerry.

“Delisting of Polish loans from the platform made a temporary decrease in the supply of loans, which was expected and is visible in the amount of funded loans in December; however, we see the year 2024 very promising in terms of our further growth – in the first half of 2024 we plan to onboard at least 10 new lenders to satisfy our investors’ needs. Further stability, diversification and growth, and the full closure of war-affected obligations are our main targets for 2024.”