- Industry, law and government join to crackdown on financial crime
- HSBC agrees to extend redress scheme for customers impacted by historical debt collection practices
- NatWest Markets establishes new ESG-rated product framework
- FinecoBank successfully completes the placement of AT1 issue
- Euromoney names Santander best bank for SMEs in Western Europe and best bank in Latin America
- Government’s Economic Crime Plan is a welcome effort, says TransUnion
- UniCredit and CEXIM to intensify cooperation in China, Italy and CEE Regions expired
- Halifax introduces new card freeze options for credit card customers expired
- UK Finance supports Consumers’ Access to Finance report comments expired
- Jolen Anderson joins BNY Mellon as Global Head of Human Resources expired
- Mastercard expands Zoho partnership to offer tools to SMEs expired
- UniCredit Foundation launches new contests for scholarships and research grants expired
10th August 2018
Small businesses get new financing opportunity with Debitum Network
According to the World Bank, more than 70 per cent of small businesses in emerging markets can’t get their hands on the cash they need from traditional lenders, a shortfall estimated at $2.6trn. Launching in September 2018, Debitum Network aims to provide the missing link.
Its system connects borrowers, via local infrastructure, to a vast market of global investors. The key, the company says, is to make the financing process work as a balanced ecosystem, rather than a series of separate units.
Debitum provides opportunities to investors located anywhere in the world, with competitive returns of 10-15 per cent. Investments are safeguarded via access to independent local risk assessors and debt collectors, as well as global insurance providers – all from within the platform itself.
And because Debitum specialises in B2B loans, it faces fewer obstacles to market entry in terms of compliance requirements – enabling it to rapidly roll out its broad portfolio of products, tailor-made to address the diverse needs of small businesses.
The Debitum solution promises security and transparency through the use of Ethereum blockchain technology. And because it’s blockchain-based, it’s also truly decentralised – removing the bottlenecks of traditional banking, and allowing an unlimited number of investors to take part. By automating processes via smart contracts, Debitum is more efficient, ensuring small businesses get the financing they need – fast.