PeerBerry recently completed the repayments of the last Polish loans.
Over €20 million of Polish loans (plus accrued interest) were “repaid to investors in November and December.”
Previously, loans issued in Poland accounted “for about 25% of all loans” funded through the PeerBerry platform.
PeerBerry remind clients that starting in 2024, on January 1, “a law prohibiting Polish loan companies from borrowing funds from platforms will come into force in Poland.”
PeerBerry’s business partners in Poland are reportedly considered “among the leaders in issuing short-term loans to local citizens.”
The projected profit of Aventus Group companies in Poland “in 2023 is €22 million. Without external debt, Polish companies remain in the structure of the Aventus Group guarantee provided to PeerBerry investors, making a group guarantee even stronger.”
As there are no Polish loans in PeerBerry’s portfolio, they will “remove Polish lenders from the list of PeerBerry loan originators.”
You can also remove Polish lenders from AutoInvest when “adjusting your strategies.”
PeerBerry will onboard at least 10 new lenders in H1 2024
PeerBerry’s business partners “are successfully implementing a business diversification strategy in various countries. PeerBerry onboarded 7 lenders from 7 countries (Czech Republic, India, Kazakhstan, Spain, Sri Lanka, Philippines, and Mexico) this year.”
PeerBerry plans to onboard “at least 10 new lenders in H1 2024 to satisfy investors’ needs.”
Their plan reportedly includes new lenders.
The demand on the PeerBerry platform “is high, and many investors may currently face the issue of investing all the funds held in the PeerBerry account. To avoid a cash drag, please consider investing part of your funds 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 13% annual interest.”
Crowdpear offers a Secondary market. The Bank of Lithuania supervises Crowdpear’s activities.
Crowdpear currently has “over 5 400 international investors.”
The platform manages “a portfolio of about EUR 4 million.”