Debitum originator launches 2pc cashback offer
European peer-to-peer lending marketplace Debitum has announced that its originator Evergreen Capital is launching an “Autumn Wave” 2 per cent cashback offer for investors.
The marketplace said Evergreen Capital is raising up to €500,000 with returns of up to 13.75 per cent, with an additional 2 per cent cashback, via Debitum.
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“Five ABS programs with attractive interest rates from 12.75 to 13.75 per cent pa have been launched and are available for investors,” a statement on Debitum’s said.
The two-week cashback campaign was launched yesterday (17 October) and will apply to new investments in Evergreen Capital assets until, and inclusive of, 31 October 2023.
The cashback will be paid once a week.
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“In 10 years of operations, we have developed our own customer base where the majority of clients are regular ones,” Evergreen Capital co-founder Kristjan Tolmats said.
“We are quite conservative when choosing clients and issuing loans, and it is important for us that every loan in our portfolio is productive. ‘Productive loan’ means – the loans go to companies with real business cases and plans behind the additional funding. It has resulted in Evergreen Capital being profitable since the first year of operations.”
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