Debitum has shared key updates including the number of assets (loans) pooled into Asset-Backed Securities by Loan Originator
In March, the Debitum platform reportedly “offered to place investments in 10 ABS programs consisting of 175 loans.”
The total number of assets “at the end of March -> 45 ABS programs with altogether 538 business loans financed or available for financing.” The total amount of funding “reached 76.9 million EUR.”
In March 3 ABS programs “ended and altogether – principal and interest – 962 587.8 Euros were in time repaid to investors.”
The average interest rate “continued to increase and reached 10.15% p.a.” They now “expect to keep and continue to increase this interest rate in the upcoming months.”
The number of investors in Debitum “continued steady growth in March.”
The total amount of money “invested in ABS assets was 1.1 mil EUR which highlights a good and stable tendency of investments – new and reinvested funds.”
The clear dominance of their A+ rate Loan originator Triple Dragone is “seen in the split of investments available”
Debitum reminds – your earnings “may be higher or lower than expected.” Investing puts your capital at risk. Any indicated return “does not guarantee the same future performance.”
For more details on this update, check here.
As covered recently, the team at Debitum notes that platform performance in February reveals a solid start of the year.
New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits inflow and more investors who appreciate investing in secured business loans in a regulated environment.”
In February 2023, Debitum offered “to place investments in 12 ABS programs consisting of 202 loans.”
At the end of February, the total number of assets “exceeded 40 programs -> 41 ABS programs with altogether 509 business loans financed or available for financing.”
As noted in a blog post, the total amount of funding “increased by almost 2 mil EUR.” The number of new users “continued to grow at an increasing rate – 81 new active investors joined Debitum in February”