Who are the best lenders on Peerberry? Our Peerberry lender ratings

Last updated 19 June 2020

Peerberry is a multi-lender P2P investment site

Peerberry is a European P2P investment site that has been growing very quickly and adding lenders to its platform over the last 12 months. 21 lenders are now listed on the site. Around €13 million of loans are being purchased by investors on its site each month.

You can read our full review of Peerberry here. We also recently published an interview with their new CEO, Arunas Lekavicius, which you can find here. We have found so far that the Peerberry website works very well, and the interest rates offered are attractive – generally around 12%. All loans offered have buyback guarantees.

Aventus Group operates many of the lenders on Peerberry

Peerberry was founded by the the Aventus Group to help it fund its growing loan portfolio. Since then Peerberry has changed ownership and has added other lenders to its platform. Aventus is a lending group with operations in many countries including Poland, Ukraine, Russia, Moldova, Kazakhstan and Czech Republic. We have obtained from Peerberry the global financial data for the Aventus Global group across all their businesses. The Aventus Global group has a fairly strong financial position, with €14 million of equity, and a preliminary estimated profit of €12.6 million for 2019. 

Recently one of the Aventus Group companies left Peerberry – Pujcka7 from the Czech Republic. The Peerberry CEO told us this is because the volumes in that market are declining, and the company had no need to use P2P to fund its loans any longer. The company is not expected to return to Peerberry, and all investors received full repayments.

Other lenders on Peerberry are small

The GoFingo group is the other main lending group on Peerberry.  Five GoFingo Group companies in total are listed on Peerberry. The two largest companies are Euro Groshi in Ukraine, and SOS Credit in Czech Republic. Both companies made profits in 2018, however the businesses are still small. There are also three new lending businesses from GoFingo listed on Peerberry – GoFingo Ukraine, ZeCredit Ukraine, and GoFingo Kazakhstan. The companies don’t have any real financial information or track record to rely on. The lack of size and track record of the GoFingo companies has resulted in them scoring poorly in our ratings. 

One GoFingo company left Peerberry recently – Momentlaan of Denmark. We expected this to happen, due to new Danish regulations that make short term / payday lending unprofitable due to a new interest rate cap.

The third lending group on Peerberry is Lithome. Lithome is the funding arm of a Lithuanian real estate developer, and is also a small company. One positive feature of the Lithome loans however is that they are secured on real estate, so investors receive the benefit of the collateral security as well as the buyback guarantee.

Aventus and GoFingo now both provide group guarantees

One of the biggest changes to Peerberry that has taken place is the recent introduction of group guarantees that are now provided by Aventus Group and GoFingo. According to Peerberry, under the terms of this guarantee, each entity in each group guarantees the payment of all liabilities of the other entities in each group. This is a significant improvement for Peerberry investors, where previously only some loan originators received these guarantees.

We have taken the value of these guarantees into account when performing our ratings. We begin with assessing the overall ratings for each group. We have then rated each subsidiary to take into account the value of the guarantees. The subsidiaries have lower overall scores than for the holding group. The reason is that there is always a risk that the guarantees are not honoured in the future, either for technical, legal or financial reasons. Our score haircut reflects these extra risks, compared to owning a direct loan issued by each holding company.

For the holding groups that are providing group support, or not receiving any group support, we have calculated their score out of 80 on the four primary rating factors of profit, capital, size and track record. We have then scaled this score up to generate a score out of 100 (for example a 60/80 score would be shown as a total score of 75/100).

COVID-19 update

Since the outbreak of COVID-19 Peerberry investors have been reporting a good experience, with no delays to withdrawals, or unexpected increases in default rates. Availability of loans has been falling as the loan originators have been reducing the volume of new loans they issue. We recently interviewed the CEO of Aventus Group, which you can read here.

Peerberry lenders - key financial information

The lending businesses above with missing equity and P&L information are startup businesses, and as a result this information is not yet available. All information above has been provided by Peerberry management.

Peerberry lenders - our rating scores

* – the Aventus Poland group includes Smartpozycka, Pozyckaplus, and Niewielkapozycka

Our thoughts on the lenders

Our preferred lenders on Peerberry are the larger, more established Aventus Group companies. These are the Polish lenders Smartpozycka, Pozyckaplus, Niewielkapozyczka, and also Pujcka7 of the Czech Republic. As noted above there are many startup Aventus companies listed on Peerberry that operate in countries such as Ukraine, Kazakhstan and Moldova. The lack of track record and geographic locations make them higher risk. While the guarantees they have received from the Aventus Poland group reduces these risks, we are not sure that the extra 1.2% yield offered on these loans is enough. 

The loan originators that rely heavily on their group guarantee score are inherently higher risk than others that have better individual scores for profits, capital levels, size and track record.

The latest Aventus Group company to launch on Peerberry is called Autofinance. It’s really just a startup auto lending business in Belarus, with only €100k of loans at December 2019. Importantly, according to Peerberry all loans are guaranteed by the Aventus Poland Group.

The lack of size and track record of the GoFingo companies has resulted in them scoring fairly poorly in our ratings. However we would expect their scores to improve once 2019 financials become available and the businesses have grown and developed a longer track record. 

The loans offered by Lithome are secured on real estate projects. However the information provided is very limited and we think there are better sites to invest in these types of loans in Lithuania, such as EstateGuru.

Peerberry has recently launched a bonus offer that equates to 2% for smaller investments, and scales to 1% for larger investments. Full details are on its site. To take advantage, click on this link, open a Peerberry account, and you will automatically qualify. Available until December 31 2020.

40 thoughts on “Who are the best lenders on Peerberry? Our Peerberry lender ratings

  1. Pingback: PeerBerry review - Alternative Investments

  2. SrogiLesnik Reply

    Do you have any thoughts on new LO from Vietnam – Senmo?

    • Oscar Harrington Reply

      It’s a very new subsidiary, with no real track record. However Vietnam is a market with good prospects. It also has a parent guarantee from Aventus which is the most important consideration. Now that this is in place investors can invest in the loans from the new Aventus subsidiaries with a lot more confidence than before.

  3. Ronnie Reply

    I have noticed that the Aventus Originator Credit7 has 15.5% loans, while Aventus Originators Belkacredit or 100Tenge are offered at 11.5% or 11.6.% loans. Is there any difference in risks between these originators as their are all covered under the same group guarantee?

  4. Harry Reply

    Nice work Chief.

    I’m rather new. I see Creditplus.ua have juicy 15% + loans

    What you make of them ?

    Harry Fladwangler iii

    • Oscar Harrington Reply

      Hi Harry. Creditplus is very small but they are at least profitable and are part of Aventus, which is performing very well. In current market 15% is pretty good for the risk.

  5. Colin Cornhole 🌽 Reply

    An update would be great here Hazza. Give us one and I will select my next platform from one of your links.

    I appreciate the fine work you do. You are one of the few sites which gives value and it’s awesome that you don’t slap up links to every tin pot platform just to make a few pieces of silver.

    Respect

    Colin 🌽 Cornhole 🌽

  6. Serge Reply

    Hi, nice work as always. When you write “We have obtained from Peerberry the global financial data for the Aventus Global group across all their businesses.” What exactly do you mean? I’ve been chasing them many times for financial information, they keep avoiding the topic. They have shared random standalone financials of entities, but no info on group structure. And while in their blog posts they talk about consolidated numbers, they refuse to share anything consolidated. So what exactly did you review?

  7. ENRIQUE Reply

    Will you update the Peerberry originator ratings? It´s so much helpful. Will you do the same with Grupeer? Thanks. Enrique

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  9. Kenneth Reply

    Do we know anything about the ownership of PeerBerry now? Their ownership seems rather opaque since Aventus divested. (Did they actually divest all of it?)

  10. Blazej Reply

    Hello!
    Great work as usual but could you explain why some of the LOs have group support with score of 40, some have 20 and some only 10? Are there any differences? In your review Aventus’ loans from Poland, Ukraine and Czechia were meant as the best ones but here Aventus Group Poland has only 10 points in group support field which is a bit confusing.

    Thanks in advance

    • Oscar Harrington Reply

      Hi Blazej. The lenders with 40 have an explicit guarantee from the parent group. But there is also a risk that the guarantee is not honoured, which is why their scores end up slightly lower than the parent group companies. The lenders with group support of 20 have no formal guarantees, but we think there is implicit support from the rest of the group if they go into difficulties. This is a weaker form of support and is why the score is lower. The Aventus Poland group also has implicit support, but because they represent such a large part of the overall group, there is less likelihood that they will be able to be supported (as the group may not have enough capital or liquidity to do so). That’s why their group support is 10 rather than 20. Realise it is a bit of a complex analysis but that complexity is unfortunately necessary because of how complex Aventus have structured their company and guarantee provisions!

      • Blazej Reply

        Man, I had no idea it’s so complicated. Maybe you should post it in article’s main part 🙂 So, does the part about Polish loans as the best still seem current? I hope the other stat columns will make the positive difference but as a Pole I know that here everything can change in a couple of days – our government doesn’t look like they know what they’re doing. Especially, if it comes to economy.

    • Oscar Harrington Reply

      Hi Pete. They are a really tiny business at the moment. We generally like auto loans though. The important thing is that they have a group guarantee, so they could be a good option at a 13% interest rate. The main downside is that it is in Belarus, which we consider a higher risk geographic location than European countries like Poland etc.

  11. Leon Reply

    Thank you for this, Oscar.

    One question from my end, where did you find the financial information? I don’t think there is anything on the Aventus website.

    Regards.

    • Oscar Harrington Reply

      Seems to be a new one Julio – we are trying to get more details about it. Stay posted, and thanks for the question.

  12. Matteo Reply

    Thank you very much!
    I don’t understand which lenders are part of “Aventus Global Group”. Could you list them?

    Thank you very much
    Matteo

    • Oscar Harrington Reply

      Hi Matteo. All the lenders listed in the tables are part of the global group. However there are other lenders that don’t participate with Peerberry that form part of the global group.

  13. PAYESMAN Reply

    Many thanks. You´re the best. This information is very important for me.

  14. Nuno Reply

    Hi Oscar !
    Thank you for yet another ratings page
    You should put a little bit more advertising here in your blog to earn a bit more from this precious information.
    One question… Are your ratings compatible between platforms ? 70 points in Peerberry means the sae as 70 points in Mintos ?

    Best regards !

    • Oscar Harrington Reply

      Hi Nuno. Glad it is helpful. Yes the idea is that the scores should be equivalent across all sites. For the reasons we outlined we had to make some adjustments for Peerberry in methodology but that was so we could try and get to an overall result that was equivalent with scores for Mintos and Viventor.

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