Debitum Investments crossed €200 million in cumulative invested capital during May 2026, ending the month at €202.9 million invested through the platform since launch. With another €6.81 million invested during May, €762,340 paid out in interest to investors, and the registered investor base growing to 33,023, the MiFID II-regulated platform now sits in a meaningfully different category from where it was just twenty months ago.
Headline numbers are easy to celebrate, but they only matter when context is attached. So this update covers both what the May figures look like in isolation and what crossing the €200M line says about Debitum's underlying model — including the 0% default rate that has held through this entire growth cycle and the composition of the investor base that funded it.
Key Takeaways
- €202.9 million all-time invested through Debitum since launch, with the €200M threshold crossed in May 2026.
- €100M to €200M in roughly 20 months — Debitum reached the first €100M in September 2024.
- May 2026 stats: €6.81M invested, €66.0M outstanding, €762,340 paid out in interest, 33,023 investors.
- 0% default rate across 8,287 assets listed since launch, with €12.7M in cumulative interest paid out to investors.
- 30%+ of investor base in Germany, reflecting demand from Western European retail investors for MiFID II-regulated, collateral-backed products.
May 2026 in Numbers
The standalone monthly figures show continued momentum after the record April we covered in our previous Debitum update. Investors put €6.81 million to work during May, and the platform credited €762,340 in interest back to them. Outstanding investments closed the month at €66.0 million — a modest step up from the prior month and consistent with steady origination rather than a one-off volume spike.
May's €762K in interest is a touch below April's record €838K but still firmly in record territory historically. The natural reading is that April's number was an outlier driven by timing of distributions, and May returned to the strong but sustainable trend line. Either way, two consecutive months of three-quarter-million-plus interest payouts is a different scale of activity from where the platform sat a year ago.
From €100M to €200M in Twenty Months
The deeper story sits in the doubling timeline. Debitum reached its first €100 million in cumulative invested capital in September 2024. Crossing €200 million in May 2026 means the second €100 million took roughly 20 months — a pace that implies broad investor appetite, not just retention of existing users.
| Milestone | Date | Time to Reach |
|---|---|---|
| €100M cumulative invested | September 2024 | — |
| €200M cumulative invested | May 2026 | ~20 months |
The composition of the investor base is the second number worth flagging. According to disclosures from Debitum CEO Ingus Salmiņš, Germany now accounts for more than 30% of the platform's investor base. That is unusually high for a Latvian P2P platform and signals that the MiFID II licence under the Bank of Latvia is doing real work in attracting Western European retail capital that would otherwise be parked in bank savings or short-duration bond funds.
The Underlying Model: Business Loans with Real Collateral
What Debitum offers structurally is different from most retail P2P platforms. Investors do not buy fractional consumer loans — they buy Notes and asset-backed securities (ABS) secured by commercial pledges on the issuer's assets. The underlying borrowers are businesses, not households, and the use cases include forestry, agricultural land acquisition, and broader SME financing.
That is a more institutional product structure than the typical loan-fraction model, and it brings two practical consequences. First, investors gain exposure to real economic activity — forests being acquired, farmland being cultivated, equipment being financed — rather than to consumer credit cycles. Second, the collateral is genuine: assets that exist physically and can be claimed in default scenarios, not a paper guarantee from the platform.
Target returns on Debitum currently reach up to 15% p.a. for some Notes, with the weighted average historical interest rate sitting in the 11-13% range depending on the period observed. These are competitive yields for a regulated platform.
0% Defaults Across 8,287 Assets
The most consequential single number on the platform is the cumulative default rate: 0%, across 8,287 assets listed since launch and over €12.7 million paid out in interest. No statistic is bulletproof — defaults can emerge, and any number of assets could go bad in a single quarter — but a 0% cumulative figure across an asset count of that size is unusual.
The reasons it has held up come down to three structural choices. First, business loans secured by real collateral are different from unsecured consumer credit in their loss-given-default behaviour. Second, Debitum's financing partners (the originators that bring deals to the platform) are subject to ongoing due diligence and reporting. Third, several partners — including Bono House, Juno Finance, and Foresto — have already fully repaid their obligations to investors over time, demonstrating that the full investment cycle from funding through repayment can and does close cleanly.
The Sandbox Funding programme adds another data point: 10 financing partners have been funded with €33.2 million in cumulative loan volume, most of which has already been repaid.
What Is Behind the Numbers
The 2025 audited results from LFDF — one of Debitum's larger financing partners — give a concrete sense of the real-economy activity behind the platform. LFDF secured 6,430 hectares across 659 forest properties during 2025. That is the kind of underlying activity Debitum investors are funding when they buy a Note from a forestry originator: actual land acquisitions, with the land itself serving as collateral for the credit.
This is the structural distinction Debitum has been emphasising. In the company's own framing, what investors are buying is not a financial product abstracted from the economy — it is exposure to specific businesses growing through real asset accumulation. Whether that framing matters to any individual investor depends on personal preference, but it does reflect a model that is operationally and credit-wise different from generic consumer P2P.
What Management Is Signalling
More than 30% of our investor base is now in Germany. For Western European investors, regulation and security are among the most important factors when choosing where to invest. — Ingus Salmiņš, CEO, Debitum Investments (in Dienas Bizness)
Salmiņš's emphasis on the German share of the investor base is not just marketing. It reflects a strategic positioning: build a platform that meets the regulatory and disclosure expectations of Western European retail capital, and that capital will choose you over less regulated alternatives. The Bank of Latvia supervision and MiFID II licence are the central pillars of that positioning.
Going forward, Debitum has flagged five focus areas: expansion across more European markets, increasing diversification opportunities for investors, improving the investor experience, continuing to work with reliable financing partners, and strengthening the connection between investors and the real businesses behind the loans.
What This Means for Investors
For investors already holding Debitum positions, the May figures are confirmation rather than news. Volumes are holding, defaults remain at zero, and the platform is structurally growing rather than churning. The €100M-to-€200M trajectory in 20 months suggests that capital inflows are likely to continue, which generally means more origination opportunities and a healthy reinvestment loop.
For investors considering Debitum for the first time, the takeaway is more nuanced. The 0% default rate is exceptional but not a guarantee — defaults are possible on any private credit instrument, and Notes and ABS carry real credit risk regardless of how well the historical book has performed. Yields up to 15% reflect that risk; they are not free money. The MiFID II licence and Bank of Latvia oversight are real institutional features, but they govern how the platform operates rather than insuring outcomes.
Where Debitum fits in a broader P2P portfolio is usually as the regulated, collateralised, business-loan exposure that pairs well with consumer-credit platforms like Mintos or higher-yield options like Nectaro. Diversifying across the three model types — business loans with collateral, consumer credit, and agricultural collateral (LANDE) — addresses the same set of needs from different angles and reduces concentration risk on any single platform or borrower archetype.
For the structured side-by-side comparisons, our Debitum platform review and full platform comparison are the natural next reads. As always, P2P lending carries meaningful risk and capital is not guaranteed.