At the end of February, Debitum had introduced Asset-Backed Securities and by doing so, they reportedly became the first platform in all of Europe that has “managed to offer this kind of financial instrument to the retail market.”
Therefore, the Debitum team will represent their monthly statistics a bit differently, the firm noted in a blog post.
If you want to learn more about Asset-Backed Securities, then you can visit “Investing and Risks” page.
In summary, Asset-backed security (ABS) is “a financial instrument backed by a pool of loans. In [their] case these are business loans.”
You may also review Debitum March 2022 statistics:
The Debitum team has shared the following key stats:
- The number of registered users (activated) on Debitum as of March 2022: 9060
- Money deposited as of March 2022: $12.4M
- Loans originated as of March 2022: 1.2M
- Total Money invested: 53.9M
- Percentage of investments into loan originators:
- Flexidea 8.72%
- Chain Finance 0.79%
- Evergreen Capital 0.60%
- Triple Dragon 89.89%
(Note: For more details on this update, check here.)
As covered reacently, the team at Lithuania’s Debitum, a borderless financing platform, had shared important news about “war-affected assets” in Ukraine
On March 30, 2022, Debitum had received “an official response letter and data from the borrower in Ukraine.”
This data consists of the company’s “update on its operations, full portfolio, bank statements, the situation with clients and assets.”
Importantly, the company “is functioning, they are not going into foreclosure and it has plans to continue developing its business after the war.”
While some workers are still seeking shelter, the CEO and key managers “have made it to a relatively safe place and have managed to continue work within the company to function and maintain its operations during and after the war.”
Management believes it will be “possible to regain sufficient repayment flow as the war ends.” And “all the pledged assets (cars) in favor of Debitum investors are constantly monitored using the GPS tracker.” Also, company employees have been “contacting its clients to get to know and predict clients’ possibility to make repayments after the war.”