PEERBERRY Review: Peer to Peer Lending

Gofingo is one of PeerBerry business partners with almost 15% share of loans listed on PeerBerry. In 2019, Gofingo Group companies issued 35,88 million Eur of loans – 2,4 times more than in 2018. The total loan portfolio of the Group at the end of 2019 amounted 6,6 million Eur. At the end of 2018 the total loan portfolio amounted 2,75 million Eur.

Peerberry seems like a very new platform and inexperienced with P2P lending due to its launch on the 1st of November 2017. However, this platform is an extension of Aventus Group which has years of experience in lending, half a million customers and 18 million loan portfolio. They have been profitable for the past 9 years which is a testament to the stability and reputation.

There’s no secondary market or a way to sell back your loan to PeerBerry before the loan term.
For the short-term loans, this is not a big issue, because they mature in at most 45 days. Most of the loans on PeerBerry are late by 30-60 days, but even with that, you can get a hold of your funds in at most 3 months.

For the long-term loans. If you invest in a 5 years loan, you’ll need to wait for 5 years before exiting the PeerBerry platform.

The Aventus Global group has a fairly strong financial position, with almost €20 million of equity, and €5.8 million of profit for the first half of 2019. Most loans offered on Peerberry currently come from two lending groups – Aventus Group and GoFingo.

Peerberry welcome investors from around the world, not just EU (+Switzerland, Russia, Ukraine). Brazil, China, Australia, South Africa ...

Peerberry ist the name of the marketplace AV Marketplace SIA which is located in Riga, Latvia. This company is owned by Lithunian loan originator Aventus Group, which offers loans from Czechia, Latvia, Poland, Georgia and since 2017 from Ukrania and Kazachstan. Aventus Group was founded in 2009 and is according them profitable ever since.

All PeerBerry loans are covered by a buyback guarantee that will repay all the invested capital + interest that should have been paid 60 days after the non-repayment of the loan installment.

PeerBerry was established on November 1, 2017, having in the original loans platform loan originator Aventus Group and its subsidiaries. It has since added more than 20 loan originators . Almost everyone operates on European soil, but in a timid manner PeerBerry has begun adding loan originators from Asia.