Debitum Investments has added Juno Finance as a brand new mortgage originator on the platform.
From right this moment (17 April) buyers on the Debitum Investments platform can entry a variety of notes issued by Juno Finance.
Funding phrases vary between six and 24 months, with rates of interest of between 13.5 per cent and 15 per cent each year.
Based in 2023, Juno Finance is a subsidiary of the joint inventory firm Juno.
Learn extra: Debitum releases second spherical of short-term bonds
Juno has been targeted on creating Latvia’s forestry and agriculture industries since 2016. Its mission is to boost the long-term worth of forest property in Latvia by delivering session and providers.
“We imagine that our collaboration with Juno Finance not solely broadens the scope of funding alternatives on our platform but additionally aligns with our imaginative and prescient of supporting sustainable enterprise practices that contribute to financial progress,” Debitum wrote in a weblog submit asserting the brand new originator.
In 2023, Juno Property, one other subsidiary of Juno, inked an settlement with Baltic non-public fairness administration agency Invalda.
Mundus Bridge Finance, a non-public debt fund of INVL, signed a €7m bond program with Juno Property. This program helps Juno Property’s strategic initiatives to amass and increase forest and agricultural land, extending its operations internationally.
Learn extra: Lendermarket provides Colombian originator providing 18pc returns
The bond program, which might be executed in tranches, noticed Mundus Bridge Finance buying €2m value of bonds on the settlement signing, with plans to buy the remaining bonds later.
Juno Finance operates as a non-bank lending establishment that gives financing to small and medium-sized enterprises in Latvia, notably these within the forestry and agriculture sectors. Investments are secured by business pledges, mortgages, and different types of collateral, enhancing the security of your investments.
Debitum mentioned Juno’s integration with its subsidiaries allows Juno Finance to handle and course of loans effectively, sustaining profitability even with smaller portfolio volumes.
Learn extra: Twino launches secondary marketplace for actual property securities
