PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest.
In September, PeerBerry reportedly “paid out EUR 1.5 million of interest to investors (EUR 850 186 for investments in regular loans and EUR 641 439 of accumulated interest for investments in war-affected short-term loans).”
PeerBerry’s portfolio amounted “to EUR 117.38 million at the end of September.”
1001 new investors have now “joined the platform last month. Currently, PeerBerry has over 74 550 verified investors.”
Since PeerBerry’s inception, PeerBerry investors have already “funded EUR 2.1 billion in loans on the platform.”
Under the Group guarantee mechanism “in 19 months of the war, PeerBerry business partners have already repaid EUR 45.52 million or 90.64% of the total outstanding war-affected obligations.” The remaining war-affected amount “will be repaid monthly until all war-affected obligations are covered in full.”
As covered, 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.”
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.”