Both are Latvia based, but Grupeer has recently changed the "registered office" in Ireland. Rate wise, Grupeer may have better rates and more frequent promotions.
I think Grupeer is more like P2B, short term loans rarely listed on the platform. Because of the P2B like nature, there's no performance statistics on each LO or even individual loans. So far, I have no arrears but I believe I am in still in the "early" phrase and I haven't witnessed the Buyback yet. Some loans repayments are balloon and bullet, so watch out. Lime loans on Grupeer are 12 months instead of short term listed on other platforms.
Peerberry has lots of loans on a daily basis, and so far it is working as expected. You will find plenty short term loans here.
After testing both platforms for 4 months, my investments haven't achieved the same performance (XIRR) reported by some bloggers. Peerberry performance is getting close to my Mintos EUR, but for some reasons, my Grupeer investment is still 4-5% lowered than expected performance from some bloggers. It makes me wonder how they diversify their loans on Grupeer. Not sure how my top ups affecting Grupeer XIRR at the moment.
PS, I don't include bonus / cashback for XIRR calculation.
Post by moneymakingmoney on Feb 10, 2020 17:27:20 GMT
Been with Grupeer for some years and it’s one of my favorite platforms by far. So far I’ve had no defaults or no loans that haven’t been repaid by buyback or by the creditor. Nobody knows what the future will bring though, but it’s one of the more stable p2pinvestment platforms regarding roi
I'm not entirely enthusiastic about Grupeer. I made a small investment about six months ago, and have been withdrawing as loans mature. Things I dislike:
The company structure - they claim to be an Irish company, and on their website imply this is their main address. But it's pretty clear that they're actually operating through the Latvian company. This seems, if nothing else, a recipe for trouble for investors if something goes wrong. None of the reasons I can think of for them to do this are ones I like much.
Very little information on the website about who the company is, and no information about who the people behind it are. In fact there is a link to "meet our team" on one page, but it simply redirects to an "about us" page without any serious information. You have to dig somewhat to figure out even what the formal name of the company is.
They advertise a "stability fund", which is not as you might imagine a provision fund or anything, but rather something that looks like a very strange investment type offering you the chance to "buy a square metre in a real estate property". This puts me in mind of some rather dubious investment types. I don't like at all that this is something they are proposing offering.
They've bounced around fairly frequently between different banks and payment institutions, of fairly declining respectability. This suggests to me that their old banks may have had reasons for terminating relationships - at a guess AML concerns seem most likely.
Finally in terms of the mechanics of the platform itself - even the shortest loans are fairly long terms, and there's no SM. Even without the above, I'm not sure it would really appeal to me over other similar platforms.