PeerBerry is a convenient investment platform, which specializes in short-term loans. This means that the platform is suitable for beginners or those who want to invest and get returns quickly. Loans here are quite small and because of that some people might feel their investments limited. You can invest as little as 10 Euros, and the average interest rate is 10.04%. The PeerBerry platform is owned by the Aventus Group, which has several lending companies in Europe. The company not only provides a repayment guarantee if the borrower is 60 days late, but also has agreements with Aventus Group and Gofingo Group that guarantee that they will cover all of PeerBerry's financial obligations to investors in the event of insolvency.
- Low risk
- Repayment guarantee
- Convenient website
- Low average interest rate
- Short-term investments
- Limited investment amounts
PeerBerry is a peer-to-peer lending platform that was registered in Latvia in 2017 and now is operating in Lithuania. It is operated by the international Aventus Group agency, which has 9 loan companies throughout Central and Eastern Europe. PeerBerry platform specializes in short-term loans. Here you can invest from 10 Euros and earn an average interest rate of 13.7%. The company does not charge any additional fees to investors unless they wish to resell their investment. The amount of investment in loans is relatively small and the repayment period is short. This is great for beginners or those who do not want to take risk and want to invest in smaller amounts.
How does it work?
- Fill in the registration form.
- Create and top up your PeerBerry account.
- Choose the loan you like and invest the desired amount of money.
- You will receive the investment and its returns when the borrower repays the full amount.
- If you want to invest even easier, you can choose the automatic investment feature. More information about automatic investing can be found here: https://peerberry.com/help-articles/settings-of-auto-invest/.
Who can invest and what are the requirements?
The platform is open to businesses and individuals over the age of 18 who have a bank card valid in the European Union.
Risk and reward
Average interest rate is 10.04%. All loans in PeerBerry have a repayment guarantee. It is the company’s commitment to repay the investment if the borrower’s payment is late for more than 60 days. In order to make investors feel even safer, the company also applies group return guarantees. PeerBerry’s main partners, Aventus Group and Gofingo Group, sign additional guarantee agreements with the lender. This means that in the event of PeerBerry’s insolvency, these companies will cover all its financial liabilities. This provides additional protection for investors and ensures the transparency of the company.
The site is modern; it is easy to find all the necessary information. In some places there may be a lack of more visual elements, especially in the section where active loans, in which you can invest, are listed. Besides that, everywhere else the layout is clear, the menu is convenient, F.A.Q is comprehensive, you can find all the help you need. There are many additional “call to action” buttons that allow you to return to the main purpose of visiting the page at any time. The registration process is simple and clear, the site is adapted to smart devices and is easy to use on your phone.
The team is friendly, professional; they resolve all issues quickly enough. They confirm registrations in an insufficient time, except on weekends. Sometimes it is impossible to reach them by phone right away, but emails are detailed or have references where more information on a topic of interest can be found.
Opening hours – I–V 8:00–17:00.
It is an easy way to invest in loans and get a quick return. Majority of customers are not disappointed by the platform, but they agree that it is not perfect if you want long-term investments or higher earnings. Since the platform is a part of the Aventus Group, customers value the security, which is also enhanced by return guarantees.
AV Marketplace, SIA
Phone: +370 61 355 529
Address: Kareivių g. 11B, Vilnius