I've been with a Peerberry around 2 years. The platform showed it stability after repaying almost all War affected loans.
As a result, investors’ accounts are protected by the investor compensation system in Latvia with up to EUR 20,000 in the event of the platform’s insolvency or misappropriation of investor funds. Possible defaults by lenders are not covered though.
Creating an account on PeerBerry is straightforward. You can register through the mobile app (for Android and iOS devices) or online. You will need a camera (such as the one on your mobile phone) and an ID document to create an account.
PeerBerry strategically adjusts country exposure based on regulatory changes and market conditions, as demonstrated by the reduction in Polish exposure following 2023 regulatory reforms.
The interest rates on Viainvest can vary depending on the borrower country and market phase. In general, interest rates range between 10% and 13%. This can be considered a competitive interest rate appropriate to the underlying risk.
Thank you for sharing your positive experience, we are glad you are satisfied with investing on the PeerBerry platform.
PeerBerry mainly works with a partner called the Aventus Group for its loan originators, which provides loans from Poland & Ukraine on the platform. They also works with several other loan originators, providing loans in countries like the Czech Republic and Lithuania.
Viainvest mainly uses the first model: the available Buyback guarantee takes effect in the event of a payment default of more than 60 days. ViaSMS then buys the debt from the investors together with the interest. Investors receive their money immediately so that no outstanding loans of more than 60 days remain in our portfolio. This option is particularly popular with investors as they hardly have to worry about individual loans. My Viainvest experience with the buyback guarantee has also been positive so far: everything went as promised and repayment was quick and problem-free. However, we should not forget that the function of a buyback guarantee depends on the state of the company in question: if the ViaSMS Group should ever slip into financial difficulties or even insolvency, there is no guarantee that the buybacks will continue to be processed so smoothly.
“I’ve been using PeerBerry for over 3 years mintos now and it’s remained reliable through market ups and downs.
Note that business loans available on the platform however don't come with a buyback guarantee, so make sure to avoid those if you want to have completely safe investments on Viainvest.
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Viainvest takes exactly the opposite approach: the Latvian company is regulated by a financial supervisory authority and holds an IBF (‘
Geographic diversification across multiple countries provides effective downside protection, with PeerBerry’s 15% country exposure limit proving to be a valuable safeguard.
Both platforms have already set up a joint venture in the past to start lending operations in Vietnam.