PeerBerry Review
Description
PeerBerry is a relatively young platform operating since 2017. Its founding company was the AventusGroup that has been involved in the credit business since 2009. After its foundation, PeerBerry was sold to private investors. The loan portfolio has been diversified since then. You can invest in consumer, business, leasing and real estate loans from 23 loan originators. With that amount of loan originators, PeerBerry seems to set off to compete with other marketplaces like Mintos. The user interface and experience is rather top notch. All together, PeerBerry is one of our favorite p2p lending platforms to invest into. Positively must be emphasized their outstanding corporate communication being constantly in contact with the investor community. Nevertheless, it has been occasionally criticized that the so called group guarantee is a shallow term as legally there would not be such entity as the "Aventus Group".
Rating
Key Facts
| Investment Structures | Marketplace (peer-to-business) |
|---|---|
| Originator Types | Loan Originators |
| Investing Into | Business Loans, Consumer Loans, Leasing, Real Estate |
| HQ Country | 
Croatia
|
Investments
| Interest Rates | 9.00% – 11.00% |
|---|---|
| Number of Originators | 23 |
| Number of Countries | 8 |
| Currencies | EUR |
| Minimum Investment | 10 EUR |
Statistics
| Average Net Return | 11.11% |
|---|---|
| Total Loans Funded | 1,573,365,957 EUR |
| Loans Outstanding | 105,817,503 EUR |
| Loans Current | 87,701,546 EUR |
| Loans Late | 18,115,956 EUR |
| Loans 1 To 15 Days Late | 18,115,956 EUR |
| Loans 16 To 30 Days Late | 0 EUR |
| Loans 31 To 60 Days Late | 0 EUR |
| Loans 60 Plus Days Late | 0 EUR |
| Loans Defaulted (In Recovery) | n/a |
| Loans Defaulted (Recovered) | n/a |
| Loans Defaulted (Written Off) | n/a |
| Investors | 65,570 |
| Average Amount Per Investor | n/a |
| Principal Returned | n/a |
| Interest Earned | 18,782,575 EUR |
| Late Fees Earned | n/a |
Risk & Security
| Buyback Guarantee |
Available as:
Buyback Guarantee, Group Guarantee
|
|---|---|
The loan originators on PeerBerry usually guarantee to take over a loan if the borrower fails to pay after 60 days. Furthermore, in case a loan originator is insolvent and cannot pay back the money, the main partners of PeerBerry – the Aventus group and the Gofingo group – guarantee to payback investors. This is called "group guarantee". However, members of the investor community have criticized that legally there exist no "Aventus group" as an entity. And thus, the group guarantee may be a shallow term. | |
| Payment Guarantee | Not available
|
| Rating System | Not available
|
| Due Diligence | Not available
|
| Skin in the Game | Not available
|
| Collaterals | n/a |
| Maximum Loan To Value (LTV) | n/a |
Disclosure
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Legal Notice
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