Lithuania’s Debitum, which Offers Borderless SME Financing, Reveals its Portfolio has Crossed €4M Mark

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform.

Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without its investors, Debitum would have not achieved this milestone.”

However, it’s “not the only occasion to celebrate,” the company noted while adding that Easter is coming and the Debitum team wants to surprise investors by introducing a special Easter campaign with Flexidea:

  • Deposit (only new deposits count) and “invest in Flexidea assets on March 29th – April 12th and earn a 0.5% BONUS for all the investments in Flexidea.”
  • Invite your friends “to join the platform, both earn a general 25 EUR bonus, but for the one who invited most friends, we will DOUBLE A CASHBACK!”

The Debitum team also noted that the campaign is currently “valid for all investments in Flexidea made from March 29th to April 12th, 2021,” and that the bonuses “will be awarded at the end of the campaign, after April 20th, 2021.”

While sharing another quick reminder, the Debitum team stated that Flexidea is their “trusted” loan originator that “already repaid 37300 EUR of interest for our investors and has the shortest and most liquid assets.”

Debitum added that they are grateful to platform investors and are wishing that the upcoming Easter will be “full of happiness.” Deposit, invest, invite your friends, and “enjoy Easter together with Debitum,” the company noted.

As covered earlier this month, Debitum had said that many people are now beginning to understand that making smart investments can be a good way to save money for later or for making bigger purchases.

However, Debitum claims that companies or businesses “rarely” think about investing their surplus funds or assets. The alternative investment platform suggests that the funds accumulated by firms should be allocated in an effective manner.

Debitum writes in a blog post that businesses have to take loans at times, and there is also a time to start saving. When companies are in need of funds for investment initiatives or further development, many of them might approach a bank or other traditional financing institution.

But companies may also want to consider the “right” investment products that match their risk profile or requirements.

As noted by Debitum, platform investment data and discussions with clients reveal that dividends “comprise a large part of the invested funds.” This means that “following the shareholders’ decision to pay dividends, the income tax at the rate of 15% was paid and the amount which could have been invested got reduced.”

Debitum adds:

“According to experts, instead of paying dividends, shareholders could accumulate this money and later invest it on behalf of the company. This would allow paying less taxes. While the investor would still have to pay a profit tax applicable to their investment, this would be a considerably smaller amount, compared to the income tax applicable to the entire value of dividends.”

As reported in February 2021, Debitum revealed that it now offers profitable investment tools.

As covered in early January 2021, Debitum had revealed that as we enter the new year, it also has “something new.”

Debitum added that they had already informed their investors and business partners before that Debitum had applied for the investment company license in Latvia. The firm’s management further noted that “for the reason of licensing a new legal entity, SIA DN Operator was created in 2019 and the required documents were submitted to the Latvian financial market regulator, Financial and Capital Market Commission (FCMC).”

Debitum added:

“We want to take the next step and switch a legal operator of the Debitum platform from the current platform operator, SIA Prosperitu, to the new legal entity, SIA DN Operator. It will give us time before getting the license to perform the necessary steps with the existing investors – the most important of which is to implement certain requirements for the protection of retail investors as specified by the European Union Markets in Financial Instruments Directive (MiFID II).”

Debitum reports that €30.83 million in capital has been provided for investment (to date). According to the platform’s official website, the current average interest rate stands at 8.6%, and there are 5,956 registered investors (as of January 2021). The current average repayment term is 213 days (as of January 2021).

Debitum notes that it only issues loans to businesses. It claims that “compared to consumer loans they are way more favored by professional institutional investors.”

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