PeerBerry has described plans to grow investment opportunities around the world after it delisted Polish loans from the platform at the end of 2023.
The European peer-to-peer lending marketplace’s portfolio currently amounts to €109.9m, having declined to €106.1m after the Polish loans were delisted.
To replace Polish loans, it has offered investors Mexican and South African loans, and started funding lending businesses in Colombia, Tanzania, and Nigeria through three-month term business loans offered by Aventus Group.
In a blog post today, the platform said new regulatory requirements for companies issuing short-term loans have recently come into force in Kazakhstan, meaning it may temporarily have slightly smaller volumes of Kazakh short-term loans, with more longer-term Kazakhstan loans appearing later.
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“Aventus Group has a factoring company in Kazakhstan that funds local businesses,” the PeerBerry post said. “We will likely onboard this company to the platform in the coming months, so you can also benefit from investing in its business.”
PeerBerry said it expects larger volumes of loans in the coming months, especially from Spain, Romania, Mexico, and South Africa.
In the second and third quarter of this year, the platform plans to onboard more lenders from countries such as Romania, Spain, Mexico, and the Philippines.
“This will ensure more proportional volumes of loans from different countries and more possibilities for our investors to invest in,” it said.
Currently, PeerBerry offers investors loans issued in 12 countries, with 22 legal entities offering investments in loans on the platform.
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The lending marketplace forecast a need to offer investors around €50m of loans this month to ensure sustainable growth of its portfolio.
It said despite the portfolio growing, it needs lower volumes of new loans this month to maintain further gradual growth, which it described as “a temporal and quite unusual matter” for the platform.
This is because more investors have invested in longer-term loans, including three-month term business loans, and because longer-term investments require a lower frequency of repayments in the beginning, fewer new loans are required for reinvestment.
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