PeerBerry has described plans to develop funding alternatives around the globe after it delisted Polish loans from the platform on the finish of 2023.
The European peer-to-peer lending market’s portfolio presently quantities to €109.9m, having declined to €106.1m after the Polish loans have been delisted.
To interchange Polish loans, it has provided traders Mexican and South African loans, and began funding lending companies in Colombia, Tanzania, and Nigeria by means of three-month time period enterprise loans provided by Aventus Group.
In a weblog put up in the present day, the platform stated new regulatory necessities for corporations issuing short-term loans have lately come into power in Kazakhstan, that means it could briefly have barely smaller volumes of Kazakh short-term loans, with extra longer-term Kazakhstan loans showing later.
Learn extra: PeerBerry repays traders €200,000 in war-affected loans
“Aventus Group has a factoring firm in Kazakhstan that funds native companies,” the PeerBerry put up stated. “We are going to possible onboard this firm to the platform within the coming months, so it’s also possible to profit from investing in its enterprise.”
PeerBerry stated it expects bigger volumes of loans within the coming months, particularly from Spain, Romania, Mexico, and South Africa.
Within the second and third quarter of this 12 months, the platform plans to onboard extra lenders from international locations resembling Romania, Spain, Mexico, and the Philippines.
“It will guarantee extra proportional volumes of loans from completely different international locations and extra potentialities for our traders to put money into,” it stated.
Presently, PeerBerry affords traders loans issued in 12 international locations, with 22 authorized entities providing investments in loans on the platform.
Learn extra: PeerBerry to onboard “no less than” 10 new lenders in 2024
The lending market forecast a necessity to supply traders round €50m of loans this month to make sure sustainable progress of its portfolio.
It stated regardless of the portfolio rising, it wants decrease volumes of recent loans this month to keep up additional gradual progress, which it described as “a temporal and fairly uncommon matter” for the platform.
It’s because extra traders have invested in longer-term loans, together with three-month time period enterprise loans, and since longer-term investments require a decrease frequency of repayments at first, fewer new loans are required for reinvestment.
Learn extra: Twino exits Asia-Pacific area
