Debitum launches auto-invest function
Debitum Network has launched an auto-invest product, which it said offers “truly passive income functionality”.
The European peer-to-peer lending marketplace said that “after several months of intensive design and development work” it has launched Debitum Auto Invest.
Investors can decide on parameters including the maximum amount of investment, the minimum and maximum rate of return, and whether to exclude or include specific loan originators.
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The product also offers an auto-withdrawal functionality.
“As there are many auto invests on the market, we have had an opportunity to try them, take the best practices, and come up with some novelty,” said chief executive Henrijs Jansons.
“As the P2P industry stands for passive investing, our goal was to create [a] real passive income auto invest tool. And here I would like to highlight auto-withdrawal functionality.
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“It means investors can set conditions that monthly interest earned from active investments will automatically be transferred to the investor’s bank account. Without a single extra click from the investor’s side.”
Debitum is investing new and existing investors to try out the new functionality and give feedback.
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