Decamel platform is operated by PCOMPANY, OU, which manages an electronic system in relation to lending or crowdfunding (the “Platform“), which enables investors to enter into peer-to-peer (P2P) or peer-to-business (P2B) transactions (loans or projects) with the originators and the borrowers, and in effect provides the means for potential lenders and originators (borrowers) to meet and enter into agreements (contracts) via the Platform.
PCOMPANY, OU, registration number 16367501, is incorporated under the jurisdiction of the Republic of Estonia. SPV companies are established in the countries where the properties are located. The Platform follows the laws, regulations and legislative acts which are applicable to activities of the Platform in different countries.
Purchase of claims-based assets (as well as invoices), real estate crowdfunding, crowdfunding and equity crowdfunding is not covered by the insurance coverage provided by the laws on insurance of liabilities to and deposits of investors of the European Union member states.
There is no guarantee that the investor will get back the investment either as a whole or in part. There is a possibility to lose all of the funds invested through the Platform.
If you enter into an agreement (loan agreement, investment agreement) on the Platform, your capital is at risk. While the Platform takes steps to mitigate the risks of investors entering into transactions via the Platform, the investor may not get all, or part of the money back. Each loan (investment) agreement (contract) is entered into between each investor and the project originator (the borrower or the company) and the Platform acts as an intermediary on behalf of investors (lenders) in relation to the relevant agreement (contract).
While there are risks associating with lending and investments, the main risk of losing part or all of your investment is the default of the originator (the borrower or the company), i.e. the case that the originator is incapable to meet its obligations, whether to repay the loan or to repay the investment. When you invest via the Platform, your money is transferred to the originators (the borrowers or the companies) seeking financing, prior to which the project has passed a due diligence process implemented by the Platform. Please read and acknowledge that you understand the risks of your investments.
Your investment is not guaranteed. It is important to understand that your investment is not a bank deposit and is not covered by any deposit and investment insurance instrument or governmental scheme for compensation of deposits held with a bank or a financial institution.
No advice. The Platform does not provide any investment advice or investment recommendations.
Portfolio risk. The investor is encouraged to diversify the investment portfolio. It is widely considered that no more than 5-10% of an investor’s free assets may be invested in assets with increased risks. Any projects entered into by you on the Platform must be made part of an investment portfolio sufficiently diversified which includes a mix of illiquid and liquid assets. Allocating small amounts and in multiple investments help you spread your risk. Majority of your investment portfolio should consist of liquid assets.
Market changes. The economic situation which impact the performance of the originators (the borrowers), the real estate market, and the general business cycles are subject to fluctuations, changes and unpredictability. Historical performance of a market or an asset is not a reliable marker (indicator) of any future events or performance.
Liquidity. Investments (loans) that the investor is entering into via the Platform is an investment, which may be illiquid, meaning that the investment is typically locked-in until its maturity date (i.e. the relevant maturity of the project). There is no guarantee that you will get your funds back at the end of relevant loan term. And there is also no guarantee that the originator will repay the investment at maturity and the originator may default on its obligations in part or in full.
Your money is at risk. Your capital is at risk and you may not receive back all of part of your investment. The ability to repay all the funding principal and interests is defined by the (a) willingness and (b) the financial capability of the originator (the borrower or the company), as well as by (c) the market value of the underlying asset securing your financing position, which may or may not be affected by the market downturn, force-majeure events, wilful or accidental acts of third parties and events which cannot be controlled and are outside of the responsibilities and capabilities of the Platform. While the projects are either secured by an asset (asset-based funding) or by real estate (real-estate-based funding) or by claims to the project (the company) either in form of a claim (mezzanine loans) or in form or equity shares (in a given company), this cannot and does not guarantee repayment of financing or the repayment of the loan or the repayment of investment, as per your project and transaction documentation. You should invest no more than a minority percentage of your assets and accept only such investments and the size of such investment which you can afford and will accept to lose.
Tax is investor’s responsibility. You should be aware of any tax obligations which might apply to you as a result of any income received on the funds that you have invested via the Platform. Application of tax depends on your individual circumstances and tax residence. It is recommended that you take the measures necessary in order to be aware of your tax positions (e.g. advice of appropriately qualified tax professionals in your country of tax residence) as it depends on your personal circumstances and is likely to be subject to changes in the future.
First-come, first-serve policy. Decamel treats all of our users (investors) equally and fairly and Decamel does not favour new users over old users. Therefore, Decamel addresses the requests to withdraw or to deposit the funds on the platform on a strictly first-come, first-served policy basis and provided that the user has completed user’s individual KYC/AML procedure with the Platform.