PeerBerry investors funded €537.5m in loans last year – P2P Finance News
Global News, Industry News, News, Top 3 Arūnas Lekavičius, PeerBerry
PeerBerry investors funded €537.5m (£474.49m) in loans over the course of 2022, bringing the total value of loans funded since inception to €1.5bn.
The European peer-to-peer lending marketplace returned €7.16m in interest to its investors last year. Since it was founded in 2017, PeerBerry has paid out €17.3m in interest to its investors.
By the end of 2022, the platform had 63,471 verified investors. 1,114 new investors joined the platform in December.
Over the past year, five new business partners joined PeerBerry. These included Credit7 from Romania, LendPlus from Kenya, DongPlus and CayDenThan from Vietnam, and ACredit from Kazakhstan.
“I want to thank every investor who chose us as their investment partner, and we are honored to work for our investors in the coming years,” said Arūnas Lekavičius, chief executive of PeerBerry.
“Our main plans together with our partners for this year include ensuring stable operations of our partners’ companies in all countries they operate, expanding our partners’ network on the platform, and covering war-affected obligations toward our investors.”
Last year, PeerBerry business partners repaid €29m – or 58 per cent – in war-affected obligations, from loans with exposure to Russia and Ukraine. The next repayment is expected in mid-January.
Lekavičius added that from January 2023, PeerBerry will start to offer long-term investments in real estate and business loans on its regulated crowdfunding platform Crowdpear.
Read more: PeerBerry nears €1.5bn milestone at five year anniversary
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