PeerBerry buyers funded €809.57m (£702m) of loans final 12 months, a 50 per cent enhance from 2022.

Traders on the European peer-to-peer lending market have been paid €10.43m in curiosity in 2023, which is 46 per cent greater than the earlier 12 months.

Learn extra: PeerBerry rolls out new loans in Africa, Colombia, and Mexico

PeerBerry’s portfolio totalled €106.78m on the finish of 2023, whereas its investor base swelled to 77,614 after 14,143 new buyers joined the platform final 12 months. 40 per cent of verified customers are actively investing day by day, PeerBerry mentioned.

The platform additionally confirmed that its originators have repaid buyers 92.6 per cent of loans impacted by the Russia-Ukraine struggle, equating to €46.5m.

“Regardless of international realities, the 12 months 2023 was very profitable for our companions, which ensured additional stability on PeerBerry and vital repayments in war-affected loans to our buyers,” mentioned Arūnas Lekavičius, chief government of PeerBerry.

“Delisting of Polish loans from the platform made a short lived lower within the provide of loans, which was anticipated and is seen within the quantity of funded loans in December; nonetheless, we see the 12 months 2024 very promising when it comes to our additional development – within the first half of 2024 we plan to onboard not less than 10 new lenders to fulfill our buyers’ wants. Additional stability, diversification and development, and the complete closure of war-affected obligations are our major targets for 2024.”