One more business partner, Smartcredito from Spain, joins the PeerBerry platform.
Smartcredito will offer PeerBerry investors investments “in short-term loans with a 10% annual return.”
Loans provided by Smartcredito to PeerBerry investors “include a buyback and a group guarantee.”
Smartcredito (legal name Arena Finance Spain S.L.) is “a short-term lender in Spain, launched at the beginning of May 2023 by Aventus Group.”
Smartcredito offers its customers a quick and convenient online solution “to receive up to 30 days term loans amounting to up to EUR 1000.”
To date, the Smartcredito portfolio amounts “to over EUR 250,000. At Smartcredito, 15 employees currently work.” The company’s website is accessible here.
Smartcredito loans will be “available on the PeerBerry platform three times a week – Mondays, Wednesdays, and Fridays.”
You may consider including Smartcredito in your Auto Invest if these loans meet your investment strategy, the team at PeerBerry suggests.
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.”
As reported, 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.”