PeerBerry funds €55.3m of loans in February

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PeerBerry buyers funded €55.3m (£48.9m) of loans and acquired €745,564 in curiosity in February, in line with the agency’s newest replace.

The European peer-to-peer lending market additionally noticed 1,160 new buyers be part of final month, taking the overall as much as 66,126.

PeerBerry’s portfolio amounted to €107.7m on the finish of final month, and it recorded a median annual return-on-investment (ROI) of 11 to 12 per cent.

Learn extra: PeerBerry to scale back rates of interest

The platform has exceeded €1.6bn invested in whole, because it was based by Aventus Group in 2017.

Final month, PeerBerry launched two new locations to spend money on loans, with Aventus NT in Spain for enterprise loans and PůjčkaPlus within the Czech Republic for short-term loans.

PeerBerry enterprise companions repaid greater than €1.8m in war-affected loans in February.

Underneath the group assure mechanism in 12 months of the struggle, PeerBerry enterprise companions have already repaid €33m, or 66 per cent of the overall war-affected obligations in the direction of PeerBerry buyers.

PeerBerry will course of the subsequent compensation of war-affected loans in mid-March 2023.

Learn extra: PeerBerry originator Litelektra repays €300k mortgage to buyers

The agency additionally flagged a six month-term mortgage providing 11 per cent ROI through PeerBerry-backed crowdfunding platform Crowdpear.

PeerBerry launched the regulated crowdfunding product represented by its staff, which permits buyers to fund property-backed loans, final month.

“On Crowdpear, you’ll be able to spend money on property-backed loans with a horny return,” it stated on the time. “We invite you to contemplate investing in a presently out there mission on the Crowdpear platform with 11.5 per cent return.”

Learn extra: PeerBerry provides Vietnamese lender to platform

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