July was a great month for Debitum Network platform. The platform experienced a drastic increase in originated loans – thanks to our new loan originator – FlexIdea, which provides innovative factoring solutions to SMEs (you can read more here). Shorter-term assets and credible final borrowers motivated our investors to increase their deposits and average investment amount. Moreover, there was a great improvement with 3 new loan originators which are likely to join the platform in August. All in all, July was definitely the best month since February when the pandemic has started. Debitum Network platform is actively working on providing more and more investment opportunities to investors and upcoming months will bring great benefits to our investors and partners.
The number of registered users (activated)
In July, 121 new users have joined the platform and activated their account. This is an increase of 17 users (16.3%) compared to June’s statistics and that is a 2.34% increase in the total number of active users. The increase of registered users is related to new loan originators joining the platform and increasing trust in the market. More and more investors start to value the quality of Debitum Network assets and willing to transfer their investments to Debitum Network.
210,999 Euro was deposited during June, which increased the total deposited amount to 3,730,702 Euro. That is equal to 5.99% growth in the total deposited amount and a 61.82% increase relative to June’s deposited amount. Moreover, the average deposited amount increased from 444 Euro in June to 804 Euro in July. Most of this increase was achieved by working closely with existing investors who were willing to increase their portfolio. As new investors are joining the platform, Debitum Network will increase the effort to educate existing investors about the safety and quality of Debitum Network assets.
Assets worth 1,810,250 Euro were facilitated on the platform during June and that gives a total of 23,132,448 Euro worth of assets provided on the platform during all time. Compared to June figures (514,631 Euro facilitated during the month), there was a multi-fold increase in loan provision, especially factoring loans. Average loan size in July – 7,606 Euro. Debitum Network loan originators are recovering from the pandemic and the demand for refinancing through the platform is increasing. In July, FlexIdea joined the platform, and Debitum Network is in active negotiations with three more loan originators which will provide even more investment opportunities.
In July, 887,777 Euro was invested in the Debitum Network platform. That is a significant increase of 42.5% compared to June’s volume. As Debitum Network is building trust, our investors are increasing their portfolio size and investment amount. The average investment size has increased by 14%. Also, several bigger players have joined the platform and will significantly contribute to the total invested volume in the upcoming months.
Most popular industries
In July, Debitum Network investors invested in assets from 13 industries. Most of the investments went to the wholesale, ITT, and logistics sectors. These industries have high turnover and it is not surprising that most investments went into Factris Lithuania and FlexIdea assets. Compared to June, investors are shifting away from industries which were considered as the safest during the beginning of the pandemic. Now, investors are more willing to chase higher interest rates and more sensitive industries.
Money invested using the auto-invest tool
In July, we had a big increase in the amount which was invested using the auto-invest tool. The increase is the result of current investors trusting the platform’s due diligence process and switching from manual investment to automatic. This month the amount invested with the auto-invest tool reached 4,188,780 Euro. The tool is becoming popular among our investors despite the size of their portfolio. As more assets will be uploaded on the platform, we expect to see a positive trend in July. Therefore, do not miss another good opportunity and create an auto-invest plan today. Then, enjoy compiling interest, which the tool will reinvest for you when the principal and interest are repaid.
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.