€47.6M Worth of Loans Funded in November via Alternative Investment Platform PeerBerry

In November 2022, PeerBerry investors reportedly “funded €47,606,299 of loans and received €648,080 in interest.”

1183 new investors “joined the platform in November.”

The average annual ROI (without loyalty interest) on PeerBerry in November “was 11.1%.”

At the end of November, PeerBerry’s portfolio amounted “to almost EUR 98,880,554.”

The total amount of loans funded since the start of PeerBerry’s operation at the end of November “amounted to EUR 1,447,091,278.” The total interest “paid to investors amounted to EUR 17,045,511.”

In November, a new business partner, Aventus Group company A Credit from Kazakhstan, reportedly “joined the PeerBerry platform.”

Last month, PeerBerry business partners “repaid over EUR 1.8 million in war-affected loans.” Up to date, PeerBerry business partners “have already repaid EUR 27,13 million, or 54% of war-affected obligations toward investors.”

PeerBerry will “process the nearest repayment of war-affected loans in mid-December.”

In another update, it was noted that PeerBerry is keeping with its commitment to transparency, and they want to inform you of a security incident their team is currently investigating.

As mentioned in a blog post:

“We have detected that cybercriminals leaked some data of some PeerBerry customers. The data, which was uploaded on one of the hacker’s forums, is almost three years old.”

PeerBerry claims it took necessary actions immediately to protect the data of our investors and to identify what was the root cause of this incident:

  • we reported the incident to the responsible Authority in Croatia,
  • we launched an investigation into a possible leak of data in 2020,
  • for security reasons, we forced a reset of passwords for all clients registered till April 2020,

The firm added:

“We ensure those clients who registered till April 2020 that your passwords remain safely encrypted and that investors’ accounts, personal IDs, bank account numbers, and similar data have not been compromised.”

They also mentioned that investors, “who registered on PeerBerry later than April 2020, are in no way impacted by this incident.”

The firm also shared:

“To all our investors, we highly recommend regularly changing your password and using a Two-Factor Authentication (2FA) to increase your data protection. We want to assure you that no incidents have been identified in our systems until the information about this possible security incident in 2020. We carry out regular updates to protect our system and our clients’ data. With the help of external partners, we perform regular security checks of our systems.”

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