Debitum partners from Poland and UK – financing company Flexidea Polska and Triple Dragon – have released 3 new ABS programs.
Debitum is “a digital debt marketplace that aggregates business loans from SMEs across Europe for diversified investment.”
Debitum enables investors “to access an alternative asset class – corporate loans from Europe.”
Debitum screens market “for non-bank loan originators; cherry-picks the ones who would benefit from additional funding; performs deep due diligence; onboards a few who pass all criteria (particularly skewed towards the safety of investment).”
Debitum has “developed an innovative technological platform to automate the whole process.”
Flexidea Polska program details:
- Total loan amount – 257 000 EUROS
- Interest – 11% p.a.
- Period – 180 days
- Category – C+
- Penalty fee in case of late repayment – 10% (in total 21%)
- Skin in the game – 10%
- Collateral – the loans are secured with invoices from local (Poland) and international companies of medium and large size – multinational manufacturers and service providers
Triple Dragon no1 program details:
- Total loan amount – 343 000 EUROS
- Interest – 9.50% p.a.
- Period – 300 days
- Category – A+
- Penalty fee in case of late repayment – 15% (in total 24.50%)
- Skin in the game – 10%
- Collateral – accrued game developer receivables. Overcollateralized with accruing future revenues from blue-chip gaming, advertisement companies, and governmental institutions
Triple Dragon no2 program details:
- Total loan amount – 306 000 EUROS
- Interest – 9.25% p.a.
- Period – 256 days
- Category – A+
- Penalty fee in case of late repayment – 15% (in total 24.25%)
- Skin in the game – 10%
- Collateral – accrued game developer receivables. Overcollateralized with accruing future revenues from blue-chip gaming, advertisement companies, and governmental institutions
- Pleasant and secure investing with our Poland and UK-based Loan originators.
In another update from Deboitum, it was noted that Estonia-based partner – non-bank financing company Evergreen Capital which issues business loans to Estonian SMEs “has fully repaid its first ABS program.”
The first ABS program, “created by 23 pooling together business loans, was repaid 8 days before its maturity date.”
Kristjan Tolmats, co-founder of Evergreen Capital, stated:
“We are delighted to continue cooperation with Debitum and platform investors. Before Debitum released ABS programs investors were able to invest in separate business loans issued in Estonia. ABS financial instruments give an additional angle of security to investors. Nevertheless, Evergreen Capital approach always has been to build and maintain long-term relations. Keeping promises – in this case, repaying in time – is the best way to show it.”
Evergreen Capital first repaid ABS program details:
- Volume – 103 129.7 EUR
- Period: 1 year
- Interest rate p.a. – 9.25%
- Interest paid to investors 7 406.07 EUR
- Principal and interest paid – no delays, paid fully
The team at Debitum invites you “to invest in other Evergreen Capital ABS programs available on Debitum with interest rates from 9.50 to 10.75% p.a.”
