Investment platform PeerBerry has shared its latest update for the month of September 2024.
European investing platform PeerBerry notes that investors have reportedly funded €44.96 million worth loans in just the past month, which is actually 2% less than those reported in August.
According to PeerBerry, the loan supply via the European platform was just slightly lower in September when compared to August, as September was simply one day shorter than the previous month.
In September of this year, PeerBerry investors have reportedly received €907,829 or nearly $1 million worth of interest payments. And PeerBerry’s outstanding portfolio has now reportedly grown to €115.98 million in the past month. Meanwhile, 1,597 or almos 1,600 new investors joined the platform in the month of September.
At present, PeerBerry says it has more than 90,000 verified users. Since PeerBerry’s inception, investors have funded more than €2.79 billion worth of loans and earned more than €36.16 million in interest.
Two lending firms, including Ultradinero from Mexico and Acredit from Romania joined the platform in September, and more lenders are on the PeerBerry roadmap in an effort to boost the ovearall loan supply on the platform this year.
While these results are seemingly positive, defaults and late payments are a significant problem impacting such platforms in general. Moreover, investors’ capital is always at risk and potential investors should exercises caution and do their due diligence prior to making any investment-related decisions. With that being said, platforms like PeerBerry can provide a legitimate way to diversify one’s investment portfolio.
With the current global environment, it is probably better to maintain a well-balanced investment portfolio with exposure to a range of asset classes. Although it is not possible to time the market, investing in loans via established online marketplaces can help with hedging against the overall impact of uncertainty in capital markets.
As covered, PeerBerry claims that it is the “right choice” to invest in loans and receive a return of up to 12,5%. PeerBerry also noted that it’s one of Europe’s alternative investment platforms where clients can invest in loans with an annual return of over 10%.
PeerBerry clients are said to be the cornerstone of their business and their “biggest” assets.
Their sharp focus on investors’ expectations, “high level of risk management,” as well as innovativeness have reportedly led them to become one of Europe’s largest and accessible investment platforms.