European Investment Platform Debitum Reports 3,547 Registered Users, €72M in Total Funding Reached

The month of November has passed under the Triple Dragon birthday anniversary sign – with many offers from Debitum‘s Loan Originators and increased activity from the investors’ side.

On the 1st of December 2022, Debitum Asset-Backed Security offer “was 11, TRIPLE DRAGON had 25 underlying assets in 5 ABSs, FLEXIDEA had 2 ABSs with 10 business loans and EVERGREEN CAPITAL had 63 underlying assets in 4 ABSs.”

The total number of assets placed in Debitum “at the end of November has reached – 30 ABS programs with 355 underlying assets.” The total amount of funding reached – 72 million EUR.

In November, Debitum “reached 3547 registered users.”

In November, they have “reached 13.4 mil. € of deposited funds.”

Money invested on the 1st of December “was 58.8 mil. €.” In November 2022, “of all investments – 79 % were in TRIPLE DRAGON, 11% were in EVERGREEN CAPITAL, and 10% were in FLEXIDEA.” The average interest rate “for all assets available has remained on the level of the previous month – 9.96%/”

Debitum reminds clients that their earnings “may be higher or lower than expected.” Investing puts your capital at risk. Any indicated return “does not guarantee the same future performance.”

As noted by Debitum, this autumn, the Latvian government in a very atypical fast-paced manner has passed the law changes “related to withholding tax.” Since the 14th of November withholding tax for private individuals from EU/EEA countries is “reduced from 20% to 5%.”

In addition, since the law changes are in place, the taxation process “is simplified, as investors now must confirm their tax residence once and for all.” No certificates and additional documentation are needed.

On the 12th of November, one of the biggest and fast-growing Latvian private investors communities “Investors club” (Investoru Klubs) organized “its first conference.” The event gathered “more than 200 active investors, industry professionals, and experts.”

Debitum was pleased “to support the event and participate in panel discussion where Debitum CEO Henrijs Jansons and Mintos co-founder Mārtiņš Šulte shared thoughts about P2P industry challenges and further development scenarios.”

The teams said they will “continue to support local and global investors’ community initiatives.”

As a licensed platform, Debitum must “regularly conduct internal and external audits.” The latest external audit was “performed by Grant Thornton International in October 2022.”

The subject of this audit was “to inspect how well are managed investors funds and to examine platforms’ procedures and financial records compliance with Financial instruments market law (FIML, Latvia).”

In short – the evaluation of the audit “showed Debitum procedures and operations are in line with FIML requirements and that our investors’ funds are in secure hands.”

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