PeerBerry reported a 160 per cent year-on-year rise in earnings to €663,455 (£576,063) in 2022, throughout what it referred to as “a 12 months of invaluable expertise” as a result of conflict in Ukraine.
The European peer-to-peer lending market additionally reported 19 per cent progress in its mortgage portfolio to €101.18m by the top of 2022.
It funded €537.5m of loans final 12 months, bringing complete funded loans on its platform so far to €1.75bn.
Learn extra: PeerBerry pauses Vietnam loans, onboards new lenders
Half of PeerBerry’s portfolio was impacted by the conflict in Ukraine. Nevertheless, PeerBerry claims that it stays the best-performing platform available in the market by way of repaying these buyers affected by the conflict.
PeerBerry’s originators have repaid €36.8m, or 73.3 per cent of the entire war-affected obligations in direction of the platform’s buyers.
Learn extra: PeerBerry repays one other €1.8m in war-affected loans
“2022 can be recorded in PeerBerry’s historical past as a 12 months of invaluable expertise,” PeerBerry stated.
Learn extra: PeerBerry funds loans price €65m in March
PeerBerry’s annual report additionally revealed that its buyers earned €7.16m in curiosity final 12 months, a 12 per cent improve from 2021.
14,524 new buyers joined the platform in 2022, bringing the entire variety of verified customers to 69,000.