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⭑⭑⭑
3.5
based on 5 ratings

Debitum Network is a p2p lending platform from Latvia that focues on small and medium enterprises (SME). The platform was founded in 2018. Loan types available are invoice financing, business loans, trade financing and promissory note. The user experience of the platform is outstanding. In general, the technology deployed is innovative and worth a look: decentralized access to the marketplace through the use of blockchain technology, investments can be automatized through an API. Debitum has launched their own DEB token. However, this endeavor so far has been criticized for not providing the returns to investors being promised.

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Key Facts

Investment Structures

Debitum Network Marketplace (peer-to-business)

Originator Types

Debitum Network Loan Originators

Investing Into

Debitum Network Business Loans

HQ Country

Debitum Network country image Latvia

Investments

Interest Rates

Debitum Network 7.00% – 11.00%

Number of Originators

Debitum Network 9

Number of Countries

Debitum Network 5

Currencies

Debitum Network EUR

Minimum Investment

Debitum Network 50 EUR

Statistics

Average Net Return

Debitum Network 8.60%

Total Loans Funded

Debitum Network 10m EUR

Loans Outstanding

Debitum Network 2m EUR

Loans Current

Debitum Network n/a

Loans Late

Debitum Network n/a

Loans 1 To 15 Days Late

Debitum Network n/a

Loans 16 To 30 Days Late

Debitum Network n/a

Loans 31 To 60 Days Late

Debitum Network n/a

Loans 60 Plus Days Late

Debitum Network n/a

Loans Defaulted (In Recovery)

Debitum Network n/a

Loans Defaulted (Recovered)

Debitum Network n/a

Loans Defaulted (Written Off)

Debitum Network n/a

Investors

Debitum Network 6,579

Average Amount Per Investor

Debitum Network n/a

Principal Returned

Debitum Network n/a

Interest Earned

Debitum Network n/a

Late Fees Earned

Debitum Network n/a

Loan Originators Statistics new

Debitum Network n/a

Features

Auto-Invest

Debitum Network

Available

Investors can configure their own auto-invest portfolio. The platform provides the following strategies as an example: Conservative (average interest rate: 8.88%, risk scores A+ to A-), moderate (average interest rate: 8.15%, risk scores B+ to B-) and aggressive (average interest rate: 8.45%, risk scores C+ to E-).

Manual-Invest

Debitum Network

Available as: Assets
Instant Cash-Out

Debitum Network

Not available
Secondary Market

Debitum Network

Not available

Risk & Security

Buyback Guarantee

Debitum Network

Available

According to debitum terms, if a loan comes with buyback guarantee that means: after 90 days of deferred payment, the loan originator buys back the claim you as the investor has with the borrower. Additionally, penalties will be applied if the borrower does not pay back after 15 days of a due date.

Payment Guarantee

Debitum Network

Not available
Rating System

Debitum Network

Available as: Credit score, Risk score

Risk scoring ranges from A+ (best) to F (worst).

Due Diligence

Debitum Network

Available

Debitum checks every loan originator upon onboarding and after that every quarter. The loan originator must provide the cash flow data off all loans. That includes interest rates, term, payment schedule, commissions and others. The loans data is analyzed along with the overall loan originator's financial data for the last three years. Debitum then evaluates whether there are no collection issues that would be reflected on the loan book, investigates extraordinary loans, measures the stability of the portfolio, and performs stress tests on the financials of the loan originator. Finally, debitum follows up questions with the loan originator. The loan originator ultimately must be capabable to uphold the buyback guarantees towards the investors.

Skin in the Game

Debitum Network

Available

Collaterals

Debitum Network Personal Guarantee, Business Guarantee, Promissory Note, Inventory, Company Stocks

Maximum Loan To Value (LTV)

Debitum Network n/a

Sign Up Bonus

Earn of 25 EUR bonus if you invest 1000 EUR in the first 90 days from registration.

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