PeerBerry sees 16 per cent rise in lending volumes

3 months, 3 weeks ago - June 08, 2022
PeerBerry sees 16 per cent rise in lending volumes
PeerBerry saw a 16 per cent rise in its monthly lending volumes and welcomed 1,124 new investors in May, as the European peer-to-peer lending platform recovers to pre-war levels.

The platform funded €38.46m (£32.85m) in May to bring its total lending since inception to €1.84bn. Last month, the total number of lenders grew to 55,665. A total of €491,855 was paid to these lenders in interest.

In May, PeerBerry repaid about €3m of war-affected Ukrainian and Russian short-term loans. Since the war started, its business partners have repaid €15.98m of war-affected loans, or 32 per cent of the total war-affected obligations towards the platform’s investors.

The platform said partial repayments of war-affected loans are being implemented every month until war-affected loans are repaid in full.

“After very positive growth in April, in May, the volumes of funded loans on PeerBerry further grew by 16 per cent,” the platform said in a blog on its website.

“1,124 new investors joined PeerBerry in May, which shows that investor mood is back to pre-war levels.”

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