Digital Debt Marketplace Debitum Shares Latest Platform Updates

During August 2023, Debitum says that it continued to implement the platform’s long-term development plan.

Last month: the change in ownership of Debitum was announced (expect more details soon).

As noted in the update from Debitum, Ukrainian asset management was “restructured and announced new investment assets from Sandbox Funding (loans from the forestry and agriculture industry), Flexidea Polska, and Triple Dragon became available.”

As mentioned in a blog post by Debitum, the “A+ score” loan originator Triple Dragon launched (and the offer is still active).

The firm added that actions have “resulted in the increased interest of investors and the growth of the investment portfolio.”

To review key stats shared by Debitum, check here.

As covered, Debitum enables investors “to access an alternative asset class – corporate loans from Europe.”

Debitum explains that it “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 says that it has “developed an innovative technological platform to automate the whole process.”

As covered, 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.”

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