Tuesday, February 27, 2024
HomePeer to Peer LendingPeerBerry hits €2bn funding milestone

PeerBerry hits €2bn funding milestone

PeerBerry has exceeded €2bn (£1.7bn) of funded loans up to now, after a report August when traders channelled €75.36m into the platform.

The European peer-to-peer lending market mentioned that August’s mortgage quantity was the biggest quantity funded in a single month on the platform in PeerBerry’s six-year historical past, exceeding a pre-war stage.

Learn extra: PeerBerry traders undeterred by inflation

PeerBerry’s month-to-month replace additionally revealed that its excellent portfolio amounted to €116.63m on the finish of August.

1,164 new traders joined the platform final month, bringing PeerBerry’s whole to over 73,550. Traders earned €867,844 in curiosity in August.

Earlier this week, PeerBerry introduced that it will scale back its investor charges on 5 September, to the vary of 9 to 12 per cent.

It mentioned this determination was taken based mostly on the group of firms’ profitability and/or restricted have to borrow, in addition to excessive demand from traders on the platform.

Individually, PeerBerry revealed that its enterprise associate Aventus Group is ready to totally cowl its war-affected short-term obligations in the direction of PeerBerry traders on 5 September.

Learn extra: PeerBerry enterprise companions have repaid 89 per cent of war-affected loans



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