PeerBerry is a Peer-to-Peer lending platform based in Latvia and offers loans with returns up to 12%, which is similar to what is offered by many European Peer-to-Peer lending platforms. The platforms list loans from Lithuania, Poland, Czech Republic, Denmark, and Ukraine. They now have over 13.000 investors and funded over 128 million Euros worth of loans.
Also, note that all loans offered on PeerBerry are in Euros, which protects you from currency swings for loans that are in countries not using Euros (like Poland or Ukraine).
As I mentioned earlier, most loans on the platform have returns around 10 - 12%, and the platform currently advertises an average return for investors which is close to 10% per year.
You can also invest on PeerBerry for just 10 Euros in each loan, meaning it's really easy to quickly have a diversified portfolio on the platform.
The combination of all those factors makes it really safe to invest on PeerBerry compared to other Peer-to-Peer lending platforms.
The first step was to open an account on the platform. The process was really easy, and it was done under 5 minutes. I also transferred money on the platform, which I did via TransferWise. This was really easy as well, and the money appeared on my account in less than 2 days.
As I now do in all my reviews, I tried to withdraw money as soon as I received it on PeerBerry. This happened without any issues, and I had my money back in 2 days.
It's now time to actually invest in some loans on the platform. Here is an overview of the loans that were available on the platform when I did this review:
As you can see, it's a mix of short-term loans and real estate development projects, which are usually with a one year term.
It's also very easy to get more details about a given loan:
Of course, you will mostly get information about real estate loans, with a detailed description of each project.
Let's now see the auto-invest feature of the platform, which I really advise you to use as soon as possible on the platform as it will completely automate your investments.
On PeerBerry, it's really easy to use this feature, as there are not so many parameters to set. Here is a screenshot of my own auto-invest setting:
As you can see, I activated all countries, with interest rates above 11%. I also chose all terms for now, as even real estate loans have a maximum term of one year. However, I might restrict this in the future in case they introduce loans with longer terms. Once I activated the auto-invest portfolio on PeerBerry, it quickly invested all the money I deposited in loans that matched my criteria.
Let's now see what were my returns on the platform. When I first started to invest in the platform, I immediately activated the auto-invest function, and also make deposits for a total of 1000 Euros over the first months of investing. I also made one withdrawal to check if everything was working fine to get your money back (and it does!). It's now been over a year that I invested on the platform, and I can say that so far, everything is working as expected.
My estimated annual return is at 10.91%, which makes sense as I mostly invested in loans with a yield around 11%.
I will of course update this review as I receive more results from PeerBerry.
After investing on the platform for over a year, I can say that I am really satisfied by PeerBerry. It has everything I like in a Peer-to-Peer lending platform: buyback guarantee on all loans, good yields, and short-term loans. Along with a really easy to use interface & auto-invest function, it makes PeerBerry a very nice platform to use. I really recommend it to anyone investing in Peer-to-Peer lending, as it's a great addition to any portfolio.