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PeerBerry is a well-known peer-to-peer Latvian platform for lending. The platform focuses heavily on linking investors with non-banking loan firms that are often referred to as loan originators. To put it briefly, Peerberry helps you to invest and gain up to 14 percent interest on short-term loans.

The short turnover of investments is the firm's unique benefit. What that means is that you never lock up your money for over thirty days in the majority of cases. This offers investors the chance to withdraw capital without any fees in a few weeks, which isn't the situation on platforms like EstateGuru.

If you are more than eighteen years old and have a bank account in Europe, you are entitled to invest in the firm. You can start a euro account with TransferWise if you are outside of the continent. I utilize my N26 account. One bonus is that you can live anywhere around the globe if you wish to register with the firm, including the UK or the States.

Is it secure to invest with them?

Like any other platform which shows payday loans, it is secure.

The firm provides this kind of security for your assets at the moment:

Buyback warrant: This means that if the borrower extends their payments by over sixty days, the loan originator (loan company) will purchase back your investment.

Bonus warrants: New loan originators who are not financially as effective are backed up by a bonus warrant offered by Aventus Group and Gofingo, the firm's umbrella companies.

Collateral: In addition, some loans are additionally secured by collateral, like when leasing a car.

I have never had any problems with them, and if I had issues about the security of my assets, I wouldn't invest more than EUR 10K in one platform.

You always need to take a look at the platform's numbers when evaluating peer-to-peer platforms. Statistics are going to offer you a picture of the performance of the platform and how the growth is going.

Even though the company was established in 2017, with a small amount or zero marketing activities, it could bring in over 17K investors.

Diversifying with PeerBerry

True, PeerBerry is a very small peer-to-peer lending site, but it can provide an enticing range of diversification choices when pitted against names like Mintos.

When I began investing here, the platform showed a substantially smaller loan originator number. Investors can testify that PeerBerry has increased the portfolio recently and begun providing leasing and installment investment options.

This is a good decision when talking about choices for diversifying.

While the firm is still dominated by short-term loans, it's nice to have the option to mix it up a bit through more than one type of loan.

Risks and Profits

PeerBerry partners with loan originators who list the loans. This brings to the calculation an additional dimension of problems -the risk to the originator of the loan.

You do not need to be concerned about loan firms when investing on EstateGuru because those platforms operate straight with borrowers.

Nonetheless, the reviewed firm provides some assurances that assist in reducing the threat. A buyback warrant secures all of the loans. Some of the assets are backed further by collateral. For investments in rentals, this is majorly the case.

Here, the median interest is 11.53 percent annually. I succeed in reaching an average of 11,44 percent annually. This is an average performance when we compare it to other peer-to-peer lending sites, which list similar loans.

Functionality on PeerBerry

The platform is easy for usage. You do not get as much options as giants like Mintos offer, but there is an option for automated investing that lets you define and customize your preferences, and thus invests automatically for you. This is great if you want your cash to work for you without logging in all the time and doing the work yourself.

The company is able to list enough loans on the site, so you don't see a cash drag.

A downside is that there is no secondary marketplace now, so you can't withdraw cash in an instant way.

Investors that choose auto investing just to do so for short-term loans can take back the cash when the loan period finishes. This is less than thirty days in most instances.

Help from PeerBerry

There is no live chat option offered, but you can contact them through emails. If you send in your question to the mail address, an answer will be given in a maximum of two days.

This isn't really very fast, especially when we look at other peer-to-peer sites, but there are worse. The answer I got was concise and correct.

In Conclusion

If you are searching for short-term capital commitment, this is a great platform for you. Every investment is less than a month, so you can get your cash back after thirty days, unless there are delayed loans. Then it will take you sixty days or more.

That's a huge pro that a lot of people overlook.

Lots of similar platforms lock up your funds for a few months. PeerBerry goes around this.

Also, if you wish to diversify your platform risk and bring up the liquidity of investments, you will know that accessing capital quickly is possible.

Moreover, investors get over 11 percent of interest on their investments, which is pretty great when taking into consideration that on is investing in loans with buyback warrants.

The combo of the advantages we just talked about and the various security measures that keep your funds safe make this firm a good choice if you are searching for a peer-to-peer lending platform.

Peerberry main features and highlights

Bottom line
Since its founding, PeerBerry has had an outstanding growth record. We liked the rate at which our account was opened, financed and made investments. The weekly email updates are handy and give you a clear overview reminder of the results of your investments.
Fees: No Fees
Min Deposit: € 10
Target returns: Average 11.51% Per Year
  • Peer to Peer Lending
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