Sandbox Funding 2023 Audited Report

Sandbox Funding LTD, an affiliate of Debitum Investments, has released its Audited Annual Report for 2023. The report is available in the Corporate Governance section of the investment platform.

Company Overview

Founded on March 30, 2023, Sandbox Funding was established to diversify investment opportunities for investors and to test potential new Loan Originators.

Key Achievements in 2023

Significant progress has been made over the past year, reflecting healthy growth. In the first nine months since the company began operations:

  • Company has attracted 6 Borrowers from the forestry and agriculture, eco-house construction, and energy sectors,
  • By December 31, 2023, on the Debitum Investments platform Sandbox Funding LTD had EUR 3 842 667 in funded investments,
  • All principal and interest payments to investors are repaid according to investment payment schedules,
  • The company’s total revenue for 2023 was EUR 248 622.

Sandbox Funding closed its first year of operations with a loss of EUR 24 629. Despite a minimal loss, the company showed promising growth and laid strong foundations for future operations.

“2023 was a transformative year for Debitum Investments, with Sandbox Funding playing an important role. The company has demonstrated its viability and set a solid foundation for future operations. We anticipate that in 2024, Sandbox Funding will continue to offer balanced investment opportunities with a good risk-to-reward ratio,” on the first year’s results reflects Debitum Investments co-owner Ēriks Reņģītis.

Peering into the 2024, as the main goal for Sandbox Funding remains attracting new Loan Originators that meet the platform’s quality criteria, ensuring stable and efficient business models with/or investments secured by solid collateral.

For the full Audited Annual Report, visit the Corporate Governance section (Financial reports block) of Debitum Investments – click here.

The full Audited Annual Report can be found in the Corporate Governance section of Debitum Investments – click here. Sandbox Funding audit was carried out by independent auditors “Latimira un partneri”. “From our point of view, the attached financial report provides a true and clear picture of the financial condition of SIA “SANDBOX FUNDING” as of December 31, 2023, and its financial results and cash flow for the year ending on December 31, 2023, in accordance with the Law of the Republic of Latvia on Annual Reports and Consolidated Annual Reports (“Law on Annual Reports and Consolidated Annual Reports”).

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