- CMA's independent survey scores banks on quality of service
- VTB reaches agreement on the acquisition of Bank Vozrozhdenie
- House purchase activity slowed in June but remortgaging activity remains high, says UK Finance
- FCA makes it easier for customers to use and compare current accounts
- FreeAgent secures Open Banking registration from FCA
- New FCA rules double pressure on traditional banks to provide seamless service, says Intelenet
- Deutsche Bank Wealth Management steps up growth plans expired
- DevOps adoption will accelerate over the next two years in the financial services sector, finds Claranet expired
- NatWest and RBS launch 2018 Student Account expired
- Fundsquire hires new UK Managing Director expired
- Robo-advice will offer competitive advantage to traditional wealth managers, says GlobalData expired
- RBS launches the ‘100 Women’ event series 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.