Peerberry sees growth in large investors
PeerBerry has reported an uptick in investors since the start of 2021, with most holding large portfolios.
The Lithuania-based peer-to-peer lending marketplace has revealed that the number of active investors grew 30 per cent between January and June 2021 to more than 15,000.
The largest growth of investors was from those with portfolios worth €50,000 (£43,000) to €100,000, up 127 per cent in the first six months of the year.
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There was also a 75 per cent increase in investors with portfolios worth €25,000 to €50,000, while the number of users with more than €100,000 to invest was up 57 per cent.
Both new and existing investors have also been actively increasing their portfolios, PeerBerry said.
The majority of active PeerBerry investors are between the age of 25 and 50, according to the update.
UK investors make up four per cent of PeerBerry’s users, with 27 per cent coming from Germany and 11 per cent from Spain.
Investors have funded more than €548m of loans through originators on the platform since it launched in November 2017.
Its active loanbook is currently worth more than €54m and investors can earn 10.3 per cent annually on average.
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