European Debt Marketplace Debitum Shares Key Platform Updates

Debitum notes that July is one of the quietest months in the investment world, however, the firm has been “very active” during this time.

During July, Debitum reveals that they have:

  • added new ABS assets from Sandbox Funding to the platform,
  • offered to invest on even better conditions – within the Summer Cashback campaign
  • reduced the minimum investment threshold from 50 to 10 euros,
  • improved Invite a Friend program’s conditions.
  • Active preparation for the active season at the “Debitum camp” continues in August.

For a complete review of the the platform’s performance indicators, check here.

The average interest rate continued “to increase and reached 10.62% p.a. (from 10.46% p.a. in June).”

As clarified in the update, 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.”

In another update from Debitum, it was noted that Flexidea Polska, a subsidiary of our long-time partner Flexidea, offers a new ABS program.

A year ago, investment fund HELENOS, “managed by INPULSE INVESTMENT MANAGER (Brussels-based investment manager, Belgium), acquired a 14,67% share in the capital of FLEXIDEA.” The aim of the acquisition was “to help FLEXIDEA expand its activities in other EU countries.”

Only a month after the acquisition (in July 2023), Flexidea Polska started its operations “in Poland. The first year has passed and the company shows impressive growth results.”

Sergei Demchuk reflects on the performance of the company:

“The total amount of invoices financed in 1st year has reached 10.5 mil EUR (in Polish zlotys 43.23 mil PLN and 0.82 mil EUR) with an average financed invoice amount of 7 300 EUR (financed 1450 invoices). The current outstanding portfolio is 2 mil EUR. What’s even more important – in July 2023 Flexidea Polska reached a break-even point in its operations.”

The next development step for Flexidea group – “the new entity Flexidea Romania IFN SA was established in June 2023.” All necessary licensing documents are “submitted to the National Bank of Romania.” The company expects to start operations “in the Romania market at the end of the year 2023.”

Debitum CEO Henrijs Jansons said:

“We are pleased with the performance of Flexidea Polska as the success and growth of Debitum business partners’ is a foundation for secure yet also high-yielding investments of our investors. The next investment round from Flexidea Polska is open therefore I invite Debitum investors to join Flexidea growth story and benefit from it.” 

Latest ABS program details:

  • Total loan amount – 292 000 EURO
  • Skin in the game – 10%
  • Available for investments – 261 000 EUR
  • Term – 6 months
  • Interest – 11.25% p.a.
  • Penalty fee in case of late repayment – 10% (in total 21.25% p.a. in all period when repayment is late)
  • Guarantee – BuyBack obligation and Flexidea group guarantee
  • Collateral – the loans are secured with invoices from local (Poland) and international companies of medium and large size – multinational manufacturers and service providers
  • Trust score – C+
  • Type – SME / 43 loans
  • Location – Poland

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