PeerBerry investors funded €67.6 million of loans in July and received €835 412 in interest.
The amount of funded loans on the platform “was about 4% higher than the previous month.”
PeerBerry’s portfolio “amounted to €115.83 million at the end of July.”
1088 new investors joined the platform last month. Currently, PeerBerry reportedly “has over 72 400 verified investors.”
Since PeerBerry‘s inception, PeerBerry investors “have funded over €1.9 billion in loans.”
PeerBerry business partners “repaid over €1.8 million in war-affected loans in July.”
Under the Group guarantee mechanism in 17 months of the war, PeerBerry business partners have already “repaid €42.65 million, or 85% of the total war-affected obligations towards PeerBerry investors.” PeerBerry will process “the further repayment of war-affected loans in mid-August 2023.”
In July, the crowdfunding platform Crowdpear, “represented by the same team as PeerBerry, became an EU-level regulated platform – Crowdpear was granted an ECSP license.”
As the demand on the PeerBerry platform “is high, and many investors face the issue of investing all the funds held in the PeerBerry account, please consider investing part of your funds in Crowdpear.”
On the Crowdpear platform, you can “invest in property-backed real estate or business loans (primary mortgage) and earn up to 12% annual interest.” Crowdpear offers “a Secondary market. The Bank of Lithuania supervises Crowdpear’s activities.”
Currently, Crowdpear has “more than 3 080 international investors and manages €1.67 million investment portfolio.”
The same shareholders own the PeerBerry and Crowdpear platforms.
As covered last month, in 2022, PeerBerry business partners CreditPlus KZ, Credit365 KZ, and AutoMoney KZ in Kazakhstan all together “made €4.7 million in net profit – significantly more compared to 2021 (Aventus Group’s total net profit in 2021 in Kazakhstan was €0.8 million).”
In 2022, Aventus Group companies in Kazakhstan “issued €202.7 million in loans – almost 5 times more than in 2021.”
At the end of June 2023, the total loan portfolio of Kazakh companies “amounted to
€45.23 million.” Kazakh loans account “for 30% of the PeerBerry outstanding portfolio.”
Currently, PeerBerry partners “with five lenders from Kazakhstan: leasing company AutoMoney KZ (joined PeerBerry at the beginning of 2019), four short-term lenders CreditPlus KZ (joined PeerBerry in the mid of 2020), Credit365 KZ (joined PeerBerry in the mid of 2021), A Credit KZ (joined PeerBerry at the end of 2022) and OneCredit KZ (joined PeerBerry in the mid of 2023).”
Aventus Group is “one of Kazakhstan’s largest short-term lenders, taking 25% of the market under the volumes of loans issued.”
The audited financial statements 2022 of Kazakh companies CreditPlus KZ and Credit365 KZ will be “published on the PeerBerry website before the end of September (currently, these companies are in the auditing process).”