Platform updates: new milestone, referral program and January statistics
New milestone – 1,000,000 euros in loans reached!
We are happy to announce that we have reached an important milestone for our platform. Investors have invested the first 1,000,000 euros in loans! We wanted to express our gratitude to everyone who helped us to reach the goal. Thank you for keeping up the good work and helping SMEs around the world to get cash for growth!
With an ever increasing number of investors, a larger variety of assets to choose from we are eyeing another milestone of 10 million euros to help small businesses function unhindered.
Get rewarded by using our new feature – Refer-a-friend
Reaching this important milestone motivates us to work even harder and keep updating our platform. We have recently introduced a new feature on Debitum Network – Refer-a-friend program. It is designed to allow existing users to invite their friends and social connections to try out investing in business loans.
This is how it works
The user has to invite a friend to invest at least 250 EUR over a 90 day period from the registration date in Debitum Network.
There are two options to invite a friend
1) by entering a friend’s email directly within Debitum Network referral page
2) by sharing a link via social media
Once the investment is made, both the referrer and the referred party get a 10 EUR bonus.
Feel free to try it out and let us know what you think. If you haven’t invested in Debitum Network – now is a great time to start! Join the program now.
Update on the progress of Debitum Network platform in January
Numbers have stayed positive since the launch in September through the first month of January in 2019. We have seen a steady rise in the number of registered users, money deposited and invested. The new industry leader has emerged. Let us look through some of the data.
The number of users
Users keep on registering and investing steadily on our platform. The number of users grew by 15.74% in January, from 1271 to 1471. In September we had 556 users, which means there has been 164.6% increase in 5 months (since the launch on the 3rd of September).
We want to remind that anybody can register on our platform for free without obligation to deposit or invest. You can see what functions and functionalities are on our platform before you make up your mind.
The number of deposits grew by 21.36% from the month of December, from 302,169 Euros to 366,724 Euros. Total growth of deposits from the launch month by the end of January was 916%. Users can deposit flexible amounts on our platform, the minimum being 50 Euros from SEPA accounts (deposits can be done in British Pounds (GBP) from local accounts, and US Dollars (USD) from US-based accounts). Minimum investment amount is 10 Euros. All investments in assets are transacted in Euro currency.
Invested money increased by 55% in the month of January with a total of 280,358 euros invested. From September to the end of January, that is a 2098% increase in investments. We expect the trend to continue. As more investors join platform each month and keep on reinvesting both the principal and earned interest exponential growth will be the outcome. We want to remind all investors that they can use an auto-invest function to take advantage of the possibility to earn compounded interest.
Most popular industries
There has been a change in leading industries in the month of January. The Construction sector, which was the most appealing to investors in the first 4 months after the launch was taken over by ITT industry, which has some of the most attractive interest rates of all (average 10%). 30.7% of all investments were in ITT. Logistics, which is one of the most popular industries with our partners loan originators came second as around 20% of investments went into Logistics’ assets. Retail and Construction industries were the least popular in the month of January with 0.11% and 0.10% of the total amount going to those industries.
Platform growth continues
We are happy that despite being a young platform, in comparison to such P2P veterans as Mintos, Zopa, Funding Circle, Ratesetter, Viainvest, or Twino, trust in us has been growing steadily, together with the number of users and the invested amounts. Looking at increasing numbers and rising interest in our platform we do have bright prospects for the future. Many more functionalities are being prepared by our development team for the platform. Stay tuned!
If you haven’t joined the platform yet, it is the best time to register, start investing, and making compounded interest.
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.