Lithuania based Debitum, a Borderless Financing Platform, Shares Q4 2021 Financial Report

Lithuania’s borderless financing platform, Debitum, has shared its financial report for Q4 2021.

As mentioned in a blog post, the document “represents the financial and business performance of the SIA DN Operator – the platform owner.”

Debitum has noted the following highlights for Q4:

  • Q4 2021 brought the Debitum platform “a record of the highest deposit amounts in the history – 911 thousand EUR in December and 1.754 million in whole Q4 2021.”
  • The team is “excited to remind you that in platform history none of the assets has ever defaulted.”
  • In total deposit amount in Q4 2021 has “increased by 21% comparing 2020 Q4.”

Main statistics, future plans, financial reports, and management comments of Q4 are provided in one document, which may be accessed here.

While sharing other updates in their report, the company revealed:

  • Currencies for investments: EUR, USD
  • Registered users at the end of the reporting period: 8 360
  • Investments outstanding at the end of the reporting period: 7.86 million EUR
  • Client funds on Debitum platform at the end of the reporting period: 8.21 million EUR
  • Number of assets available for investments at the end of the reporting period: 91
  • Average weighted interest rate for active assets (invested or available for investments) during the reporting period: 9.13 %
  • Defaulted assets during Debitum platform operations: 0

As clarified in the report, Debitum provides “only EUR investments through main platform which is available for all users.” And USD  investments “are available only for few institutional investors and are not available publicly.”

The firm also shared:

“During Q4 2021 registered users on Debitum has grown by 442 reaching 8360 registered users. This is almost 10% more than in Q4 2020 but still this is the lowest level of new user registrations in 2021. One of the reasons is whole team focusing more on tasks related to obtaining investment broker enterprise license at the end of September.”

The firm concluded:

“Other reason is that after marketing activities on new user attraction in summer 2021, the last quarter we paid even more attention to our current users and despite lower registration level we are very satisfied with Debitum performance in Q4 and we have reached again some new milestones.”

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