Sandbox Funding — LV0000113793 — 12.0%/an · 9 mois

Plateforme · 17.0/25

A1 · Statut réglementaire 5.0/8

FCMC investment licence (Latvia) obtained in September 2021
Recognised EU regulator, but investment licence ≠ explicit ECSP passport
Recognised EU equivalent → 5 points

A2 · Track Record 5.0/6bon

Default 0% → 6/6
Delay >90 days 0% → 6/6
Actual return vs announced return not disclosed → 0/6
A2 = (6×0.5)+(6×0.3)+(0×0.2) = 4.8, rounded to 5
Caveat: statistics cover ABS, not underlying loans

A3 · Rigueur de sélection 2.0/4

Transition to ABS model involves a structured selection process (FCMC licenced), but selection rate not published and process poorly detailed publicly → 2 points

A4 · Santé financière 3.0/4bon

Independent platform operational for >3 years (2021+), active in 2026, no platform distress signal identified
No known institutional shareholder → 3 points

A5 · Protection investisseurs 2.0/3

Investor protection EUR 20,000 provided by Latvian law (1 regulatory point)
FCMC licence implies continuity plan (1 point)
Secondary market or segregated escrow not confirmed → 0 points third criterion

Projet · 10.0/75

B1 · Instrument & Structure 6.0/10

B1.1: 4/5 - Latvian debt note ISIN, contractual documentation absent from file

B1.2: 1/3 - Pool/issuer structure not described, originator link opaque

B1.3: 1/2 - Unsecured, no senior debt documented

B2 · Opérateur & Track record 2.0/15faible

B2.1: 1/4 - Entity named, no management identified

B2.2: 0/5 - No financial history or portfolio provided

B2.3: 0/3 - History on Debitum not documented

B2.4: 1/3 - Register verification not performed, web search failed

B3 · Garanties & Sûretés 0.0/15faible

B3.1: 0/9 - No guarantee or buyback documented

B3.2: 0/4 - No guarantor identified

B3.3: 0/2 - Originator NBFI licence not documented. RF8 not applicable (<€500K)

B4 · Structure financière 0.0/15faible

B4.1: 0/5 - taux de couverture de la dette not communicated

B4.2: 0/4 - Originator equity contribution unknown

B4.3: 0/4 - No stress test presented

B4.4: 0/2 - Margin and taux de couverture de la dette not available

B5 · Pré-commercialisation 1.0/10faible

SME-NBFI: 1/10 - Loan pool composition not communicated; sector 'EMPTY'

B6 · Permis & Maturité 0.0/5faible

SME-NBFI: 0/5 - No information on licences, track record or legal status of originator

B7 · Marché & Localisation 1.0/3faible

1/3 - Latvian SME/consumer credit market deemed stable, live data not verified
Baltic slowdown possible

Points forts

✓Debitum platform regulated in Latvia, active since 2021

✓Rate of 12% per annum compliant with SME-NBFI standard

✓Short duration of approximately 9 months

✓Total ticket limited to €100K, moderate exposure

Risques identifiés

!Management and financial data of Sandbox Funding absent from file

!No guarantee or buyback commitment documented

!Composition of loan pool and sector not disclosed

!Live search failed: originator legal status not verified

!Baltic macro context and inflationary pressure not verified

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.