This review is proposed by Damien Cuyala on
🤖 Review's summary
Let's dive into the exciting world of PeerBerry with a review of their Q1 2024 project analysis by Damien Cuyala!
PeerBerry is an online marketplace that connects investors with lending companies, making it a peer-to-peer lending platform. Founded in 2017 to meet the needs of the Aventus Group, a credit company with 850 employees across multiple Eastern countries, PeerBerry has expanded its portfolio to include 17 lending companies and undergone ownership changes.
With 27 loan originator partners, including 17 affiliated with Aventus Group and 5 with Gofingo, PeerBerry acts as a loan aggregator. While headquartered in Riga, Latvia, the platform is not regulated.
Investors can start with a minimum investment of 10 euros and enjoy quick withdrawals within 24/48 hours.
With over 2.4 billion euros invested on the platform, PeerBerry shows strong financial backing. Despite 14 companies facing delays due to war-related issues exceeding 6 months, there have been no definitive project losses.
The platform itself reported a profit of 663,455 euros, although details on individual credit companies are undisclosed. In March 2024, PeerBerry saw a total monthly loan volume of 106 million euros, offering an average yield of 11.18%. Investors received 30 million euros in interest payments, with a total investment of 106.7 million euros—down from 106.3 million in February. Monthly investor inflows dropped from 62 million euros in February to 32 million euros in March.
As of now, I haven't invested on this platform yet. If you're looking to grab a bonus on sign-up, consider joining PeerBerry through this link!
PeerBerry seems to be standing strong in the P2P lending space, with a solid financial group behind it and an attractive average yield for investors. While the war-related delays are concerning, the absence of definitive losses is a positive sign. The platform's user-friendly minimum investment and speedy withdrawal process make it appealing for new investors. Overall, PeerBerry appears to be a promising option for those looking to dip their toes into peer-to-peer lending.
42 voters
👎40% 👍29% 🤷10% 🏳️21%
To vote : 
Damien Cuyala
Damien, 41 years old, I am a business manager in nuclear valves, I also have a company in the distribution of everyday products in short circuits with the credo of "made in France". I started at a young age to learn how to invest in the stock market in dividend stocks, ETFs, and from 2021 on small cap equity strategies, and recently I have been learning about options. In June 2022, I started real estate crowdfunding and I have invested a little over 73 Keuros since then, my investments are distributed across the following platforms: ClubFunding, Raizers, La Première Brique, Upstone, Baltis. I attach great importance to spending time analyzing each project before making the best decision for my investments. Finally, I also have investments in crowdlending, mainly on Lendermarket to diversify my assets as much as possible.
Damien Cuyala is a senior analyst who has already analyzed 399 projects.
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