European investment platform Debitum has shared its latest investments updates for the month of May 2024.
At the beginning of May, a new Debitum secured Notes Issuer – company Foresto LLC – joined the platform and “issued its first Debitum Notes.”
Debitum Investments (DN Operator LTD) Audited report for 2023 along with a new web section – Corporate Governance – was released during this time-period as well.
Assets on the Debitum platform:
- 107 ABSs and Secured Notes with 294 loans
- New assets placed on the platform – €3,960,000
- Money invested – €3,330,000
- Assets under management increased to – €17,170,000
- New deposits – €1,872,143
- The total funds deposited on the platform reached €27,606,663
- The total amount of invested funds – €91,194,577
Repayments:
- repaid to investors €1,885,852 in principal and interest
- The total repaid amount reached €73,487,672
- All repayments in May were made on time (including a 7-day grace period)
Investors:
- 548 new investors joined the platform, thus increasing the Debitum Investments community to 14 762 members
Interest rates:
- The average interest rate in May was – 13.37% p.a
Debitum reminds – your earnings may “be higher or lower than expected.”
Debitum Investments is also pleased to announce the addition of new Asset-Backed Securities (ABS) offered by Sandbox Funding, a Loan Originator on their platform.
Known for its robust support of small and medium-sized enterprises, Sandbox Funding continues to provide investors “with secure investment options.”
Sandbox Funding is a recognized Loan Originator that has “been facilitating growth in various sectors by simplifying access to finance. As a pivotal component of Debitum Investments, Sandbox Funding specializes in structuring ABS that offer solid returns backed by high-quality collateral.”
Debitum has unveiled a range of new ABS features that align with diverse investment goals:
- Term Lengths: Flexible investment terms ranging from 3 to 9 months.
- Interest Rates: Competitive annual rates between 12% and 12.4%.
- Payment Flexibility: Options for daily and monthly interest payments to suit your cash flow needs.
For more details, check here.