European Financing Platform Debitum Shares Latest Updates

At the beginning of July 2022, the Debitum Asset-Backed Security (ABS) offer was 5, TRIPLE DRAGON had 15 underlying assets in 3 ABSs, EVERGREEN CAPITAL had 45 underlying assets in 2 ABSs.

The number of registered users (activated) in June 2022 “reached 9357 registered users.”

Compared to May 2022, the number of registered users has grown by 123 users (1.33%). Compared to June 2021, the number of registered users in June 2022 has “grown by 2142 users (29,69%).”

In June 2022, Debitum have reached €12.6 million in deposited funds.

Compared to June 2021, the money deposited in June 2022 has “grown by 4.7 mil. (59,49%).”

In June, Debitum platform “originated 1 mil. € worth of loans to invest in.”

In June, out of “all investments – 75.57% are in TRIPLE DRAGON, 16.51% are in EVERGREEN CAPITAL, and 7.92% are in FLEXIDEA.”

In June, the platform “reached 55.5 mil. € of money invested.”

Compared to May, the money invested in June has “grown by 0,6 mil. (1.09%).” Compared to June 2021 money invested in June 2022 “has increased by 22.7 mil. (69.21%).”

In June, of new loans “provided 26.01% is from TRIPLE DRAGON, 63,84% is from FLEXIDEA, 10.15% is from EVERGREEN CAPITAL.”

For more details on this update, check here.

In another update from Debitum, it was noted that the first FLEXIDEA Asset-Backed Security has been “recovered and repaid.”

The Debitum team are happy for all investors that “had participated in this ABS as it was the first ABS of FLEXIDEA issued assets.” All the interest and penalty interest “have been transferred to Investors accounts.”

  • Interest rate 8%
  • Penalty rate 10% (47 days)
  • Grace period 7 days (8% of interest)

A new 90 day ABS is launched. Check out more details here.

As covered earlier this month, another loan that was issued by Chain Finance has now “been recovered,” according to an update from Debitum.

The loan was issued to a Lithuanian licensed financial institution and now “100% of principal amount, interest, and penalty amount for being late have been credited to Debitum Investors.”

As reported in June 2022, Lithuania’s borderless financing platform Debitum recently shared its annual financial report.

The team at Debitum noted that they are happy that the number of registrations “reached 8360 at the end of 2021.”

This means “an increase of 41%,” the company revealed while adding that it is also important to note that in 2021 investors “deposited 5,994 million to the Debitum platform, which was 45% more than in 2020.”

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