Home Peer to Peer Lending PeerBerry hits €2bn funding milestone

PeerBerry hits €2bn funding milestone

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PeerBerry hits €2bn funding milestone

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PeerBerry has exceeded €2bn (£1.7bn) of funded loans to this point, after a document August when buyers 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 degree.

Learn extra: PeerBerry buyers 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 buyers 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 cut back its investor charges on 5 September, to the vary of 9 to 12 per cent.

It mentioned this choice was taken primarily based on the group of corporations’ profitability and/or restricted have to borrow, in addition to excessive demand from buyers on the platform.

Individually, PeerBerry revealed that its enterprise accomplice Aventus Group is ready to completely cowl its war-affected short-term obligations in direction of PeerBerry buyers on 5 September.

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



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