Debitum is pleased to announce that Debitum-affiliated Loan originator Sandbox Funding has issued its 1st million euros in loans.
Loans have been issued “to Latvian companies from forestry and agriculture, energy, and eco-house construction industries.”
Henrijs Jansons, Debitum CEO, said:
“We started to test Sandbox Funding in May, but the first big Sandbox Funding ABS was launched in late June. Within summer we have issued 1 million euros. Results show that our investors prefer to invest not only in Debitum existing and well-proved Loan Originators like Triple Dragon, Evergreen Capital, and Flexidea but also in newcomer Sandbox Funding. More than 600 000 euros out of 1 million are already covered with our investors’ funds. Interest payments are on time, and we plan to have the same in the future. The latest financing has been granted to the eco-house construction company “Bono House”. The first “Bono House” ABS will be available for investments in upcoming days (first week of September).”
Sandbox Funding is a Latvian non-bank financing company that “issues business loans to SMEs registered in the EU and EEA.”
In another update, it was noted that Debitum long-term partner company, Triple Dragon – an innovative, fast-growing, specialist lender in the gaming and mobile app industries – invites to meet “the beginning of the active business season with a special offer.”
Debitum CEO, Henrijs Jansons, said:
“UK-based company Triple Dragon is our all-time biggest partner with 819 loans financed and a total of 28 mil EUR financed. As “A+ trust score” partner Triple Dragon has proved the security of investor assets with regular in-time repayments. It is natural as all investments are backed by such “bullet-proof” collaterals as accruing future revenues from companies like Google, Amazon, Netflix. Starting from today (21st of August) up to the 15th of September our investors can invest in all existing and upcoming Triple Dragon ABS programs on special conditions.”
About the Summer Farewell Cashback campaign:
- Cashback bonus will be applied for all new investments in Triple Dragon assets,
- Period: from the 21st of August to the 15th of September (including) 2023,
- The amount of Cashback – 1%.
- Fast cashback payment – once a week.
