PeerBerry sees one other month of file lending

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PeerBerry noticed €80.4m (£69m)-worth of loans funded on its platform in November, a file excessive.

This follows €77.6m of funding in October, which was a brand new file on the time.

The European peer-to-peer lending platform stated that traders earned €862,844 in curiosity in November, whereas its portfolio had grown to €109.88m by the tip of the month.

The platform at present has greater than 76,625 traders and virtually half of them actively make investments each day.

Learn extra: Shopper confidence fuels urge for food for P2P investing

Since PeerBerry’s inception, traders have funded €2.24bn of loans and earned €27.39m in curiosity.

Individually, PeerBerry introduced that Aventus Group lender Credito365 from Mexico has began providing short-term loans on the PeerBerry platform.

The loans are backed with a buyback and a gaggle assure, and supply 10 per cent annual returns to PeerBerry traders.

Learn extra: PeerBerry rolls out new loans in Africa, Colombia, and Mexico

Fellow European P2P lender Robo.money additionally reported a bumper November, with €22m invested and €745,000 earned by traders. It attracted 392 new traders through the month, bringing its whole investor base to 35,000.



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