Debitum reports that the month of July 2023 has started with several positive developments for existing and new investors.
According to a blog post by Debitum, more investment options are available via the platform, and there is also an updated “Invite a friend” program conditions, as well as “lowered threshold for all investments.”
Regarding new investment thresholds, clients should note that starting from the 3rd of July minimum investment threshold has reportedly been lowered by Debitum’s management from 50 Euros to 10 Euros.
As explained by Debitum, this means “that existing investors can ‘put into action’ accumulated monthly returns more effectively – even below 50 Euros.”
Debitum added that they invite all investors “to do so right away and thus increasing the compound annual return rate.”
For investors who just start to invest in business loans with Debitum, it means that “doors are open wider” to test and try the platform in action.
Debitum CEO, Henrijs Jansons said:
“Investment diversification even within the P2P industry is very important to keep investment portfolio in good health and to minimize risks related to asset performance. Therefore, in a well-balanced portfolio, it’s healthy to have investments in business loans as well as consumer and real estate assets. Debitum for sure is the best place to invest in the small and medium business. We develop the platform to meet our existing and new clients’ needs. Lowering the thresholds is another step towards better cooperation.”
In another update shared by Debitum, the firm announced tat new loan originator – company Sandbox Funding – has launched its second ABS program.
Sandbox Funding is “a Latvian non-bank financing company that issues business loans to SMEs registered in the EU and EEA.”
Sandbox Funding issues loans to possible partners of Debitum.
Sandbox Funding program details:
- Total loan amount – 480 000 EUROS
- Interest – 12% p.a.
- Period – 369 days
- Category – C
- Penalty fee in case of late repayment – 10% (in total 22%)
- Skin in the game – 10%
- Collateral – pledge over all Debtor’s assets
More about Sandbox Funding can be found here.
Debitum recommends that before investing they invite you to read documents related to Sandbox Funding and the new ABS.