PeerBerry has reported that its originator Aventus Finance noticed an 80 per cent year-on-year rise in revenue final yr and a 60 per cent improve in lending volumes.
The European peer-to-peer lending market mentioned that the Moldovan firm posted a revenue of €563,135 (£488,728) in 2022 and issued €15.5m in loans.
“As of in the present day, the entire Moldovan associate’s mortgage portfolio quantities to €9m,” PeerBerry mentioned in a weblog put up on its web site. “Moldovan loans account for about seven per cent or €6.88m within the PeerBerry excellent portfolio.”
Learn extra: PeerBerry repays €1.8m in warfare affected loans in Might
Aventus Finance presents short-term and long-term loans on the PeerBerry platform. The corporate represents two manufacturers in Moldova – Credit score 7 for short-term loans and Credit score 365 for long-term loans.
Aventus Finance is a part of Aventus Group, which launched in Moldova in 2017.
PeerBerry’s replace on Aventus Finance follows an replace on its Polish originators.
PeerBerry mentioned that its enterprise companions in Poland made €11m in audited web revenue in 2022, a 51 per cent improve from 2021.
Polish firms partnering with PeerBerry in 2022 issued €134.5m in loans – 40 per cent greater than in 2021.
Earlier this month, PeerBerry itself reported a 160 per cent year-on-year rise in earnings to €663,455 in 2022, throughout what it referred to as “a yr of invaluable expertise” as a result of warfare in Ukraine.
It additionally reported 19 per cent progress in its mortgage portfolio to €101.18m by the tip of 2022.