- FCA confirms greater access for SMEs to the Financial Ombudsman Service
- Nomura settles case of RMBS securitised by US Subsidiaries with US Department of Justice
- Number of first-time buyers reaches its highest level since June 2017
- Thriving SMEs to bolster growth of alternative finance
- UK Finance supports FCA plan to extend access to Ombudsman Service to smaller firms
- Monese launches business account in the UK, with Europe to follow soon
- ‘Rom-cons’ costing love-struck Brits thousands, says Barclays expired
- High-cost lenders should reassess their operational procedures, says Huntswood expired
- Mastercard is the first network to make signatures optional expired
- Federal Reserve study finds US payments fraud small but growing expired
- CEOs of big banks pull out of Saudi conference expired
- Study shows regional disparity in terms of where Angel investors are based and where they invest 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.