PeerBerry’s portfolio grew to €113.12 million last month (from €110.59 million at the end of April) further ensuring our investors a higher invested amount.
As expected, the loan supply on the platform “was higher in May than in April.”
PeerBerry investors have reportedly “funded €49.13 million in loans last month, 8% more than in April.”
In May, their investors “received €943 920 in interest.”
Last month, 1 425 new investors “joined the platform. PeerBerry currently has 84 041 verified users.”
Since PeerBerry’s inception, investors “have funded over EUR 2.6 billion of loans and earned over EUR 32.47 million in interest.”
In 2023, PeerBerry earned “a net profit of EUR 437 745.”
PeerBerry’s annual report 2023 was published “on the PeerBerry website in May. PeerBerry earned a net profit of EUR 437 745 in 2023.”
PeerBerry’s last year’s profit “was 33% lower compared to 2022 because PeerBerry invested a part of its profits into the development of both platforms, represented by the same team/shareholders.”
As reported by PeerBerry, Gofingo Group repaid PeerBerry investors EUR 200 000 in war-affected loans.
These repayments are being processed on the PeerBerry platform “every month in the middle of the month.”
Aventus Group’s war-affected long-term loans “are repaid monthly under the initial loan schedules.”
In 27 months of the war (since February 24, 2022), PeerBerry business partners “have, in total, repaid PeerBerry investors EUR 47.9 million or 95.38% of the total outstanding war-affected obligations,” of which:
- Aventus Group has repaid EUR 40.11 million,
- Gofingo Group has repaid EUR 7.79 million.
The remaining war-affected obligations on the PeerBerry platform:
Aventus Group’s war-affected long-term obligations (AutoMoney and Slon Credit Ukraine) amount “to EUR 0.34 million.”
These loans are being repaid monthly “under the initial loan schedules.”
Gofingo Group’s war-affected short-term obligations (Zecredit, EuroGroshi, and Gofingo Ukraine) amount “to EUR 2.37 million.”
Gofingo Group will continue “covering its war-affected obligations in the middle of each month.”
Compared to other war-affected platforms, PeerBerry is the first and “the only investment platform in the entire market that fully repaid war-affected RU loans (totaling EUR 20.27 million of the invested principal amount) with no losses to investors.”
Also, PeerBerry partners already “repaid the most significant amount (totaling to EUR 27.63 million) of UA war-affected loans compared to the competition.”
If there is no new major turbulence, it is realistic that their business partners “will fully cover their war-affected obligations before the end of 2024.”
