We are happy to announce that today we have formed a new partnership with a loan originator from the Netherlands – “Cardec Factoring”. This is great news for our investors as they will be getting new assets to invest in with attractive interest rates and a buyback guarantee.
Through the partnership with Debitum Network, “Cardec Factoring” will offer invoice factoring assets from lawyers that offer their legal services to their customers and get promissory notes from “Raad voor Rechtsbijstand” RvR (Legal Aid Board) that are fully backed by the government of the Netherlands. We hope for a long term partnership with the loan originator after the first batch of assets has been funded. The Head of Operations of Debitum Network – Eimantas Valancius visited the headquarters of “Cardec Financing” in the Netherlands to sign the agreement and perform on-site due diligence.
Eimantas Valancius (The Head of Onboarding and Operations on Debitum Network) with Pieter de Loos (The CEO of Cardec Factoring)
About “Cardec Factoring”
“Cardec Factoring ” is a dynamic and legal organization that offers invoice financing services for their customers (in the form of promissory notes). The final payer of the invoices (promissory notes) is a state-owned agency RvR (Legal Aid Board). Therefore, all of the assets that we are going to upload on Debitum Network platform from “Cardec Factoring” will have a credit score of A+. This means they are some of the safest to invest in and could be compared to investing in government bonds of the Netherlands.
The good news is that interest rates for them will be much better than the government bonds of the Netherlands. For the sake of comparison, 2-Year Bond Yield for those bonds is – 0.60%, which means you will have to pay the government of the Netherlands for the possibility to buy and hold their bonds. The same is true with 3, 4, 5, 10, and 15 Year Bond Yields. They all have negative interest rates. Yet, the assets from “Cardec Factoring” will give an investor a return of 7%-8% per year.
Check out the assets
Having in mind risk and return, you have an excellent opportunity to invest in the assets of our new partner. The risk is very low in comparison to the return that you get. Whether you are a long term or short term investor, the investment option is good for diversification too. Check out the 69 assets that are already on the platform. If you like what you see, do not hesitate to add them to your portfolio.
Disclaimer: Investments in financial products are subject to market risk and any investment should only be done with risk capital. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.