Reports in English?
No
reputable auditor?
No
accordance with IFRS?
No

Debitum Network Income

Profit:

Prosperitu SIA Financial Reports

Period Profit Assets Equity Debt Debt to Equity Audited by Published
2019 € 0.0m € 0.1m € 0.1m € 0.0m 0.7 not audited
2018 € 0.0m € 0.3m € 0.0m € 0.3m 11.2 not audited

DN Operator SIA Financial Reports

Period Profit Assets Equity Debt Debt to Equity Audited by Published
2021 H1 € 0.0m € 0.3m € 0.3m € 0.0m 0.1 not audited
2021 Q1 € 0.0m € 0.3m € 0.3m € 0.1m 0.2 not audited
2020 € 0.0m € 0.3m € 0.3m € 0.0m 0.0 Grant Thornton Baltic Audit SIA
2020 € - € - - - - Grant Thornton Baltic Audit SIA

Who Controls Debitum Network?

Debitum Network is owned by DN Operator SIA, which belongs to OFS SIA, the sole owner of which is Martins Liberts.

Debitum Network Business Model

The platform works as a intermediary between loan originator and investor. Issuance of funds starts from borrower - a business which needs a loan for some purpose. Loan borrower applies to a loan originator (LO) for a loan, then the LO applies to the platform by asking for funds to a borrower. They upload an asset - a loan in which investors can invest their money, and when the funds are collected, they are transferred to the LO, and they lend it to a final loan borrower. Debitum Network LOs are banks in different Europe countries. The platform earns a profit when the LO pays interest for collected funds to investors and a service fee to the platform.