Peerberry review – The favorite platform of many investors

The history of PeerBerry

Registration for investors

Registering on the platform is not particularly complicated. You can register both as a private investor and as a company. After registering, you are ready to invest in P2P loans on the platform, provided you have made the first deposit and identified yourself. You will need your identity card or passport to verify your identity.

By the way, always look out for bonus promotions on the platforms before you sign up to gain advantages or a PeerBerry bonus. In PeerBerry’s case, you get 0.5% extra interest* on your investments in the first 90 days. You can find a constantly updated list of all bonuses in my P2P platform comparison.

How do I deposit money?

Depositing money is, as always, the easiest step when investing on P2P platforms. In your account, you will see a menu item “Deposits / Withdraw” at the top. If you click on this, you will be shown transfer details that you can use.

For example, you can create an order template with your bank. I have also done this with many other platforms. Please note that the first transfer must come from a personal bank account. The bank account used will then be verified for subsequent payouts.

The deposit on PeerBerry.

How long does the deposit take?

Based on my own PeerBerry experience, the deposit to the platform’s account takes approx. 1 – 2 days. However, if you use services such as Revolut*, the transfer is often faster. In my case, the money is usually available in the PeerBerry account immediately.

Can I also deposit and withdraw by credit card?

At the moment, you cannot use credit cards for deposits and withdrawals. These must be made with a bank account. Depositing via a bank account is also used for identification purposes.

How does PeerBerry work?

After registering on the platform, you can start investing in P2P loans. You can do this both manually and automatically.

The primary market of PeerBerry.

As an advocate of passive income, I naturally focus on automated investments, even if this does not always work in the case of PeerBerry (see Problems & Solutions section).

The PeerBerry Auto Invest

You can tell PeerBerry’s automatic portfolio builder exactly which countries & interest rates you want to invest in and it is very easy to configure. In principle, it works very similarly to the Mintos Auto Invest, but is a little easier to configure.

The Peerberry Auto Invest

Once the PeerBerry Auto Invest has been configured, it appears in the overview, where you can see exactly what it is doing. You can also create several Auto Invest strategies. For example, I only have a single Auto Invest for all countries and lenders, which I can adjust if necessary. The war in Ukraine in 2022 showed just how important this can be, especially at a geographical level.

My PeerBerry Auto Invest configuration.

The PeerBerry strategies

You can also use the automatic PeerBerry strategies, of which there are 3 in total. This starts your investment with a click and predefined parameters, which are as follows:

• Short-term Portfolio: only short-term loans from 9% interest that do not run for longer than 90 days and EUR 75 maximum investment per loan.
• Long-term Portfolio: only long-term, leasing and business loans from 9% interest, with a term of up to 5 years and a maximum investment of EUR 150 per loan.
• Real Estate Portfolio: only real estate loans from 9% interest with a term of up to 2 years and a maximum investment of EUR 200 per loan.

I have not yet used the strategies myself and therefore cannot pass on any PeerBerry experiences at this point.

The PeerBerry strategies

In which countries can you invest?

Loans from many different countries are currently offered on the platform. In detail, these are currently

• Philippines
• Romania
• Kazakhstan
• Moldiva
• Spain
• Sri Lanka
• Czech
• Kenya
• Inida
• South Africa
• Mexico
• Columbia
• and Lithuania

I’m sure we’ll see more options on the marketplace in the future, so this list will continue to grow. You can always get an up-to-date overview on the PeerBerry loan originator page.

Which loans can you invest in on PeerBerry?

Those who invest in P2P loans here generate around 40% of their returns with consumer loans. The rest is made up of business loans, real estate loans, long-term loans and leasing loans. So for the most part you are in the “consumer” sector.

This is how the loans are distributed on PeerBerry.

What are the costs on PeerBerry?

There are no fees for investors on the investment or other actions on the platform.

What is the return on PeerBerry?

The return you can earn on the platform is over 11% and is absolutely competitive with platforms such as Bondora or Mintos.

You can always see the current return in the table above. My returns are usually much higher because I have been with PeerBerry for a long time and PeerBerry has had higher interest rates in the past. I also actively use the loyalty program.

The PeerBerry Loyalty Program is lucrative!

What is the minimum investment amount on PeerBerry?

You only have to spend EUR 10 per loan on the platform to be able to invest. This is therefore within the usual range for consumer loan platforms. You can also invest EUR 10 on Twino, for example.

However, if you use Auto Invest, please note that the minimum amount rises to EUR 50, but this is not a problem, as you do not achieve any additional protection on PeerBerry with a minimum diversification at loan level anyway.

Does PeerBerry offer a buyback guarantee?

Yes, the P2P platform offers a buyback guarantee for all loans. Surprisingly, even real estate loans are covered by the guarantee. PeerBerry also offers group guarantees. So if, for example, a loan originator of the Aventus Group defaults, the Aventus Group will take responsibility. At least that’s the theory.

Personally, I don’t believe much in the group guarantee, as it hasn’t worked for other P2P platforms in the worst-case scenario anyway, as the group itself has gone bankrupt. However, PeerBerry showed during the Ukraine war that you can rely on it. Please note that not all loan originators offer a group guarantee.

To help you, I have an overview for you here, which you can verify on the loan originators overview page. BG stands for buyback guarantee, GG for group guarantee.

Is there an app for PeerBerry?

Yes, there is a smartphone app for both iOS and Android. In my opinion, it is one of the best P2P smartphone apps on the current market.

Can you invest money in other currencies?

No, here you always invest in euros.

Will I also receive the interest on late loans?

Yes, you also receive the full interest for late projects. Unlike with Mintos, however, this is completely independent of the loan originator.

How exactly do taxes work on PeerBerry?

The platform doesn’t deduct any taxes on your behalf. You are responsible for reporting your earnings to the tax authorities in your jurisdiction.

Is there a tax statement on PeerBerry?

Yes, PeerBerry offers a proper tax statement as a download that you can generate yourself. The statement is provided as a PDF and contains all the important data for the tax office. You can find it in the “Account statement” section.

On PeerBerry you can pull reports for tax purposes for any data.

Problems and solutions

As always, problems occur here and there. I’ll show you from my PeerBerry experience how you can perhaps fix the known ones.

How does PeerBerry earn money?

PeerBerry’s only income is the commission earned from the loan originators. The amount of the commission fee is variable and depends on the product, the country and the size of the lender’s company. According to research, the commission fee varies between 1% and 5%.

What happens if PeerBerry becomes insolvent?

If PeerBerry were to cease operations, what would happen is not clearly defined publicly. However, shutting down the platform itself would have no impact on the current loans. An insolvency administrator would probably be called in to wind down the platform.

There is also a group guarantee. If, for example, one of the loan originators goes bankrupt or is no longer able to operate for other reasons, the Group itself will step in. This is what happened in the Ukraine war in 2022.

Is PeerBerry profitable?

According to its own statements, the company is profitable. However, the platform itself does not have any audited annual reports. Some of the lenders in the background, on the other hand, have audited annual reports, which is often a prerequisite for operating in the respective countries. Here is an excerpt from the 2023 annual report.

Excerpt from PeerBerry’s 2023 Annual Report.

How reputable is PeerBerry?

Due to the strong structure of the Aventus Group in the background and the very constant and transparent communication towards the investors, we can assume that we are dealing with a good and reputable P2P platform with PeerBerry.

Through my contacts with the P2P platform over the years, I have been able to gain many insights and certain employees are extremely involved in Telegram groups to explain issues to investors.

How secure is PeerBerry?

I think the P2P platform is safe as long as the Aventus Group is doing well. However, you must never forget that investing in P2P loans is generally associated with a high level of risk! Therefore, as always, it is advisable to only invest money here that you are not dependent on in case of doubt.

Is there deposit protection on PeerBerry?

No, definitely not. PeerBerry is not a bank and is therefore not covered by any European deposit protection scheme. All funds that you invest on the platform are exposed to a high risk of default.

PeerBerry experiences in crisis situations

As an investor in PeerBerry, you got through the coronavirus flash crash in March 2020 in a relaxed manner! The Ukraine war in 2022 was more challenging.

PeerBerry during the Covid-19 crisis 2020

PeerBerry did not have any significant problems during the crisis. Those who were invested here were therefore able to happily continue generating passive income. Although, as with most platforms, the volume of new P2P loans fell at the beginning of 2020 and people wanted to withdraw their funds, the volume normalized a few months later.

Financed loans on PeerBerry

Advantages and disadvantages of PeerBerry

Before we come to a final conclusion about the platform, here is a summary of my pros and cons.

Disadvantages ➖

• Investors often think that PeerBerry is a broadly diversified marketplace due to its structure. But they are very attached to the success of the Aventus Group.
• There is no audited annual report of the platform itself and therefore no simple and quick way to check the financial situation of the company.
• The company is currently unregulated.
• There are almost only consumer loans with very short terms available on the platform.
• Normally, demand is higher than supply, which can lead to cash drag.

Advantages ➕

• Stable profits since the start of my investment.
• All loans have a buyback guarantee.
• The marketplace concept allows you to spread your investment across several countries and companies.
• Passive income via complete automation is possible.
• No capital loss for investors so far (not even during the crises).

Conclusion of my PeerBerry review

PeerBerry is one of the winners of the corona crisis. It has benefited from the fact that there have never been any known problems on the P2P platform. However, as we all know, these can come faster than you think. Despite all the euphoria, investors should still be careful with their investments. The Ukraine war in 2022 showed that things can turn out differently. But even this situation could be overcome.

For many investors in our community, everything seems too good to be true and it is precisely then that you should pay particular attention to your money. However, there is nothing to stop you from building up a holding in PeerBerry and monitoring and continuously improving it.

Moreover, my personal contact with the company has always been outstanding. They always take the time to answer questions from the community and are not afraid to answer all investor questions personally and to hang around in the communities themselves.

Is there a PeerBerry forum for discussions?

There are various places where you can interact with other investors and gather PeerBerry experiences. The primary destination for this is the international investors group on Telegram where you can engage in discussions.

Is there a PeerBerry bonus or a referral program at the beginning?

Since October 2021, you can no longer refer friends on PeerBerry. As is so often the case, the bonus system was exploited by shady investors who used it to harm PeerBerry. However, you can also get a regular 0.5% bonus interest as a PeerBerry bonus for the first 90 days via my link.

0.5% bonus interest on investments for the first 90 days!