PeerBerry, an alternative investment marketplace, claims that its operations grew almost three times in 2021.
According to an extensive update from PeerBerry, 2021 was “the year of outstanding growth” for their platform. They almost tripled the scope of their business operations within the previous year.
PeerBerry loan portfolio
In 2021, the firm’s loan portfolio “grew 2.77 times or 177% exceeding EUR 85.43 million at the end of the year.” Last year, through the PeerBerry platform EUR 566.20 million of loans “were funded, 2.85 times or 185% more than a year earlier.”
The company also noted that a record amount of EUR 73.92 million of loans was “funded through the PeerBerry platform in December 2021 – three times more than a year ago.”
In total, an amount of EUR 957.49 million of loans “were funded through the platform since PeerBerry’s inception.” At present, 75% of PeerBerry’s portfolio includes short-term loans, 11% real estate loans, 6% leasing, and 6% other long-term loans. And 1% of the platform’s portfolio consists of business loans.
Interest paid to PeerBerry investors
In 2021, PeerBerry investors reportedly “earned EUR 6.35 million in interest, 2.6 times or 160% more than a year ago.” In December of last year, investors were “paid a record amount of interest – EUR 774 049 in total.”
As noted in the update:
“Since PeerBerry’s inception, PeerBerry investors have earned a profit of EUR 10.57 million. On the PeerBerry platform, investors have never suffered a loss.”
In terms of overall historical performance, PeerBerry claims to be “the largest zero-loss marketplace in Europe to invest in loans.”
PeerBerry investor portfolio
In 2021, 19 376 new investors (on average, 1615 new investors per month) have “joined the PeerBerry investor community, i.e., the PeerBerry investor community grew by 65% last year.”
As mentioned in the update:
“The share of loyal PeerBerry investors grew significantly last year, active investors have significantly increased their portfolios. Currently, the average investment portfolio on PeerBerry amounts to EUR 5340, which shows an increase of 49% over the past year (from EUR 3600 in December 2020 to EUR 5340 in December 2021).”
Currently, PeerBerry has over 49,000 registered users, “the majority of investors are from the EU.”
Arūnas Lekavičius, CEO of PeerBerry, stated:
“I am grateful to our investors, business partners, and my team for a very exciting and productive year. Without you all, PeerBerry would be just a technology. Together with you, we are a profitable organization that brings benefits to all parties involved. Another exciting year is ahead. In addition to the further development of the platform, our key goals for 2022 remain the same – profitable operations and safe investments for our investors,”
Key figures for the end of December 2021 (vs November 2021):
- PeerBerry’s total portfolio at the end of December: EUR 85 430 212 (+6% ↑)
- total loans funded (cumulative since inception): EUR 957 305 925 (+8.4% ↑)
- the loan volume funded in December: EUR 73 920 863 (+15% ↑)
- the interest earned by investors since inception: EUR 10 567 414 (+8% ↑)
- the interest paid to investors in December: EUR 774 049 (+9% ↑)
- the average annual ROI at the end of December: 10.97% (-0.04% pp ↓)
- the number of investors at the end of December: 48 947 (+1526 ↑)