PeerBerry is working to build a strong reputation among P2P investors. Contributing to that is the compromise for financial disclosures regarding the loan originators they work with but also with their own platform financial status. Recently PeerBerry shared their 2019 annual report. What can we learn from it? A PeerBerry update.
Read the PeerBerry Annual Report
Peerberry published their 2019 annual report. This is a great approach towards a transparent communication of financial data to attract and retain investors, building their confidence and informing the market.
The highlights of the report is full disclosure of financial data, but it should be highlighted that PeerBerry can learn a lot their report by implementing a communication approach closer to the one we found in Crowdestate and EstateGuru.
Annual Report Highlights
Positive Evolution of the Business when compared with 2018
In 2019, PeerBerry earned a profit of €285K, which is 2.9 times more than in 2018, when the platform’s profit was €99K.
Loan Portfolio Increase 3x when compared with 2018
The size of the loan portfolio on PeerBerry grew 3 times in 2019 compared to 2018. At the end of 2019, the loan portfolio amounted to €21M, and at the end of 2018, the loan portfolio on the platform amounted to €7M.
Number of Investors Increased 4x when compared with 2018
In 2019, compared to 2018, the number of PeerBerry clients increased 4 times. The PeerBerry platform had 17 000 investors at the end of 2019, compared to 4 250 at the end of 2018.
PeerBerry can do a much better job explaining the annual report results. When simply showing numbers, it opens the door for many different questions that can raise concern among investors. Why only €30K in salaries? What are the plans for the future? I cannot highlight enough the importance of doing a better job with the annual report making it the cornerstone on communicating expectations to investors.
What is your opinion on these results?
Share in the comments section your view on PeerBerry 2019 results. How do you plan to proceed in the near future taking into consideration these numbers? What can PeerBerry do to increase your trust? Let me know!
PeerBerry’s Loyalty program:
Silver: From €10 000 investment portfolio (earn +0,5% for future investments)
Gold: From €25 000 investment portfolio (earn +0,75% for future investments)
Platinum: From €40 000 investment portfolio (earn +1% for future investments)