The Peerberry investment site is very simple to use. It has functionality that allows investors to either select individual loans on the primary market, or use an auto-invest tool. However, the site has become very popular in the last few months, which has meant that the primary market has had very limited availability. This means it is now necessary to use the auto-invest tool to receive a fast allocation of loans. We recently performed a test and found that a €5,000 deposit was fully deployed within 2-3 days by using the auto-invest tool. This is not as fast as earlier this year, but still acceptably quick.
The auto-invest has all the usual options found on other sites including country, loan term, interest rate, loan originator and so on. We recommend setting up the auto-invest tool to ensure that loans from mainly Czech Republic and Poland and purchased, and we currently prefer loans originated by the Aventus group lenders (Pujcka, Smart Pozycka and Pozycka Plus). As we get more information about the other lenders on the site we will update our views on this.
Peerberry provides investors a weekly email that provides simple information about interest earned, principal received from investors, investments made, and cash held on their behalf. The site also has good reporting functionality, allowing investors to see all activity on their account within a chosen time period, and it can also generate tax statements.
We recently interviewed the CEO of Peerberry (link here). We are not surprised by the success the growth and success that Peerberry has been experiencing over the last few months. They have successfully added new lenders to their platform, which has provided investors with additional investment opportunities. It has also been able to find loans with 12% interest rates. These returns are looking more and more attractive given that returns on the largest European P2P investment site, Mintos have been falling recently. We think typical rates are likely to be more like 11% in the coming few months on Peerberry, but we think this is still competitive given that the Aventus Group has a better financial profile than many of the lenders that are listed on the Mintos platform.
To visit Peerberry, click here.