PeerBerry has onboarded one other new enterprise accomplice – LoanPlus from Sri Lanka.
This marks the primary time that the European peer-to-peer lending market has partnered with a Sri Lankan lender.
LoanPlus specialises in providing quick time period loans to shoppers, funded by buyers. The platform targets annual returns of 11.5 per cent, and all loans include a buyback and a gaggle assure.
Learn extra: PeerBerry experiences document September funding volumes
LoanPlus was based by Aventus Group in August 2019, however its operational launch was delayed till 2023 because of the Covid-19 pandemic and the Russian invasion of Ukraine.
“LoanPlus gives clients a fast and handy on-line answer to obtain as much as 30 days of time period loans,” mentioned a PeerBerry spokesperson.
Learn extra: PeerBerry repays all war-affected Russia loans with no losses
“LoanPlus loans shall be obtainable on the PeerBerry platform 3 times every week – Mondays, Wednesdays, and Fridays.”
Up to now, the LoanPlus portfolio quantities to over €420,000 (£366,260).
PeerBerry has been increasing its partnerships lately, including various new mortgage originators to its platform.
Final month, Spain-based short-term client lender Smartcredito joined the platform, providing investor returns of as much as 10 per cent.
Learn extra: PeerBerry experiences document September funding volumes