Introduction
PeerBerry is a P2P platform founded in 2017 by the Aventus Group, one of Europe's largest non-banking lending groups. The platform offers a diverse range of investment opportunities, including real estate, short and long-term loans, leasing, and business loans. Since its launch, PeerBerry has facilitated over €2.7 billion in loans, attracting more than 87,000 investors.
PeerBerry Rating: 4/5
Key Information at a Glance
9-12% annually
€10
No specific regulatory license
€0
Yes
Detailed Review
How It Works
PeerBerry connects investors with loans issued by the Aventus Group and its loan originators across Europe, CIS countries, and Asia. Investors can start with as little as €10 and choose from various debt products, including short and long-term loans, leasing, business loans, and real estate loans.
Investors enter into co-investment contracts with PeerBerry, which then lends the money to the Aventus Group's partners. The loan originators hold the loan contracts and collateral, ensuring that investors do not have direct legal ties to the borrowers.
Returns & Fees
- Interest Rates: 9% to 12%
- Average Return Since Launch: 11%
PeerBerry does not charge direct fees to investors. Instead, it earns revenue through service fees imposed on loan originators. The exact fee structure varies based on the specific terms and conditions of each loan.
Platform Features
PeerBerry offers an Auto Invest feature, allowing investors to automate their investments based on predefined criteria. The platform does not provide a secondary market for early exit of investments. It also offers a buyback obligation on all listed loans, when the loan originator repurchases the loan if it becomes more than 60 days overdue.
Performance and Statistics
Since its launch in 2017, PeerBerry has facilitated over €2.7 billion in loans and has a community of 87,000 investors. The platform reports an average monthly loan volume of ~€70 million. PeerBerry has maintained a low default rate, although the war in Ukraine significantly impacted some loans. Despite this, almost 100% of the war-affected loans have been repaid.
Regulation and Security
PeerBerry operates without a specific regulatory license but adheres to robust internal risk management practices. The platform emphasizes transparency and provides detailed information on its loan originators and the loans themselves. The buyback obligation further enhances security for investors, ensuring principal and interest repayment in case of borrower default.
Special Considerations
In 2022, PeerBerry reported a net profit of €663,455, marking a 160% growth year-on-year. The platform facilitated the funding of €537.5 million in loans and added 14,524 new investors, representing a 30% growth in the investor community. The war in Ukraine affected 50% of PeerBerry's portfolio, but the Group buyback obligation mechanism helped manage repayments effectively.
PeerBerry continues to expand its offerings and improve its platform, with a mobile app available on both the Apple App Store and Google Play. The platform remains focused on providing a diverse range of investment opportunities and maintaining strong investor relations.
Management and Team
- Founder: Andrejus Trofimovas
- CEO: Arunas Lekavicius
PeerBerry is owned by Andrejus Trofimovas (50% shares), Vytautas Olšauskas (25% shares), and Ivan Butov (25% shares). The management team brings extensive experience in finance and strategic marketing, ensuring the platform’s growth and stability.
Conclusion
PeerBerry offers a solid investment option with a diverse range of loan products and attractive returns. However, the absence of a regulatory license has lowered the overall rating. Despite this, the platform’s buyback obligation and commitment to transparency make it a reliable choice for investors seeking steady, moderate-risk investments.