Debitum share capital increases
The owner of the Debitum platform has increased the company’s share capital to support its expansion plans, including the launch of a secondary market.
SIA DN Operator has “executed a capital infusion”, Debitum said, effectively increasing the company’s share capital to €750,000.
The increase in share capital was officially registered in the Latvian Enterprise Register on 29 September.
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“The capital increase is one of the first steps in the platform’s development strategy under its new ownership,” said Debitum chief executive Henrijs Jansons.
“Increased share capital, in accordance with regulatory enactments, will allow us to fully utilize the opportunities of the Investment Service Provider license issued by the Bank of Latvia. For example, we will be able to develop and offer secondary market services to investors on the platform.”
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Debitum’s ownership structure has recently changed, with co-founder Martins Liberts stepping down. Jansons is now an owner of the platform, alongside corporate finance adviser Erik Rengitis and banking veteran Ingus Salmins.
The European business loan marketplace said that the Bank of Latvia last month gave final approval of the change in ownership structure which was first unveiled in July.
Debitum said in July that its new owners plan to offer other types of financial services under the brand, in addition to peer-to-peer investments.
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The services will be designed to support the growth of small- and medium-sized enterprises and will include the issuance of bonds on the First North stock exchange.
