01 October 2024

Business lending provider NovaLend from Poland joins PeerBerry

Business lending provider NovaLend, supporting small businesses in Poland, joins PeerBerry with an 8% annual return on investing in 6-month term business loans secured by a buyback guarantee. The lender’s loan portfolio is pledged to the platform to ensure higher protection for investors. PeerBerry will fund only a part of loans issued by NovaLend. If these loans meet your investment strategy, include NovaLend in your Auto Invest. We will start offering Polish business loans on the platform this Thursday (October 3).

Founded in March 2023, NovaLend is a financial company dedicated to helping small businesses in Poland grow. The company offers up to 12 months term loans ranging from EUR 2,000 to EUR 50,000 for working capital, equipment purchases, or business expansion.

“We believe in the potential of small businesses and understand that many small companies struggle to get the financing they need from traditional banks. That’s why we offer quick, reliable loans for micro and small businesses. We’re also proud to partner with the European Investment Fund (EIF), which helps us manage risks and provide secure loans to our clients. Since we started, we’ve successfully lent about EUR 5 million, with a low default rate of just 3%, showing our commitment to responsible lending,” – explains Sergii Demchuk, CEO of NovaLend.

40% of NovaLend shares belong to Aventus Group.

Current Polish regulation prohibits local lenders from using funding from investment platforms to issue loans to private individuals. However, there are no restrictions on financing business loans.