PeerBerry onboards second Romanian lender
PeerBerry has added Romanian Aventus Group lender Acredit to its platform.
The Romanian lender will start by offering up to 90-day business loans on the PeerBerry platform.
The loans, which are expected to have a 9 per cent annual return, are backed with a buyback and a group guarantee.
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Acredit RO loans will be available on the platform a few times a week to begin with, and eventually roll out to become available every business day.
Acredit RO is the second Romanian lender to join the PeerBerry partner network, after Credit7 RO started offering investors loans on the platform in 2022.
The platform also has an existing relationship with Aventus’ Acredit Kazakhstan, which also began lending on the platform in late 2022. Acredit RO was founded in October 2023.
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A statement on the PeerBerry website today said: “We inform you that as of today, the type of Credit7 RO loans is being changed from short-term to 90-days-term business loans on the platform, and a 9 per cent annual interest is set for investments in Credit7 RO loans. As before, Credit7 RO loans will be offered on the platform every business day.”
“If these loans meet your investment strategy, include Acredit RO in your auto invest and make necessary adjustments regarding Credit7 RO loans.”
In total, 25 legal entities from 13 countries currently offer loans on PeerBerry.
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