European Investment Platform Debitum Reports Onboarding Over 800 New Investors

Debitum Investments has reportedly received an “A level” taxpayer rating from the Latvian State Revenue Service.

The team at Debitum further noted that as part of the long-term strategy platform have launched a new financial instrument – Debitum Notes.

Debitium also mentioned in a blog post that another campaign – “Money Back Before Summer” was launched (it’s sold out currently).

In March 2024, investors were welcomed to invest in 102 ABSs and 10 Notes.

Here are some key stats shared by Debitum:

  • New assets placed in platform – €3,638,000
  • Assets under management – €14,197,399
  • Total loan amount – €95,896,000

Average annual interest rate as well as XIRR “remained above 12 and 14% p.a. accordingly.”

Debitum further noted that €1.876 were repaid to investors as principal and interest in March.

All repayments in March were reportedly done in time (including 7 days grace period).

Other key stats shared by Debitum:

  • 837 new investors joined platform
  • New deposits – €1,465,779
  • Total funds invested in platform reached – €85,541,769

In other announcements from the firm, it was reported that the second release of Debitum Notes took place on the 10th of April.

Debitum Notes are short-term bonds “with a maturity of up to 1 year.”

The new release includes 10 Debitum Notes with:

  • Interest rates – 12.50% and 13.25% p.a.
  • 3-month and 6-month term
  • Daily and Monthly interest repayments
  • Loan Originator – Sandbox Funding
  • Trust score – B+
  • Country – Latvia
  • Penalty fee – 10% (fee investor receives in case of late principal repayment)

As covered earlier this year, Debitum says they are pleased to announce that a new investment product – shorter terms and daily interest repayments – is available to their investors starting now.

Debitum is a licensed and regulated platform “where it is possible to invest only in bond-like financial instruments Asset-Backed Securities (ABS) backed by SME business loans with collateral.”

Debitum claims that loan originators, as well as underlying collateral, “are carefully selected.”

According to Debitum, this is done by industry professionals to “ensure that only stable, well-secured financial instruments are available to investors.”

Business loans and thus financial instruments (ABS) on the platform “have historically had an investment term of over 1 year.”

Debitum further notes that considering “the global economic situation, within the last six months, Debitum has aligned investment products with the current situation.”

Thus, the assets with “a term of 3-6 months and an increased annual rate of return are available on the platform.”

At the start of a new year, Debitum says they step even further and “launch a new investment product where the main characteristics are an even shorter term (30-90 days) and daily interest payout to the investor.”

Debitum adds that they “have done a lot on the planning side together with our Loan Originators.”

As a result, they have found “a way to significantly increase liquidity for business loan investments. Now, with the new investment product our investors can get the invested principal amount even faster, as well as re-invest the earned funds more quickly.”

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