PeerBerry Reports Record €75.36M of Loans Funded in August via Platform

In August, PeerBerry reportedly crossed two key milestones. PeerBerry investors funded “a record amount of EUR 75.36 million in loans, exceeding a pre-war level”. It is the largest amount funded “in one month on the platform in PeerBerry’s six-year history.” At the end of August, PeerBerry had “exceeded EUR 2 billion in total funded loans on the platform.”

In August, PeerBerry investors “received EUR 867 844 in interest. PeerBerry’s portfolio amounted “to EUR 116.63 million at the end of August.” 1164 new investors “joined the platform last month. Currently, PeerBerry has over 73 550 verified investors.”

PeerBerry business partners “repaid over EUR 1.8 million in war-affected loans in August. Under the Group guarantee mechanism in 18 months of the war, PeerBerry business partners have already “repaid EUR 44,58 million, or 89% of the total war-affected obligations towards PeerBerry investors.”

The final repayment of Aventus Group war-affected short-term obligations “will be processed on September 5.”

Aventus Group war-affected long-term loans “are being repaid every month under the initial loan schedules. Gofingo Group will continue covering its war-affected obligations in the middle of each month.”

The demand on the PeerBerry platform “is high, and many investors face the issue of investing all the funds held in the PeerBerry account.” To avoid a cash drag, please consider “investing part of the funds held in your PeerBerry account in the EU-level regulated platform Crowdpear (ECSP license holder) represented by our team.”

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.”

Crowdpear currently has “over 3 380 international investors.” The platform manages “a portfolio of over EUR 2 million.”

Other updates noted that PeerBerry’s business partner, renewable energy company Litelektra, “repaid investors a EUR 1 million loan and paid EUR 83 471 in interest.”

Litelektra is a licensed independent renewable energy supplier “with electricity supply agreements with state-owned companies.”

Under agreements, these companies “purchase energy from Litelektra at an agreed price from 1 to 3 years (depending on the power plant).” It guarantees Litelektra constant and stable cash flows, and “for investors, it ensures safe investments.”

Litelektra is a Lithuanian company that aims “to make the combination of renewable wind and solar energy more accessible by ensuring an entire cycle of stable and affordable energy throughout the year.”

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