Debitum Network ICO (DEB)

Borderless SME business financing


Debitum Network is an innovative hybrid ecosystem for small business financing - utilizing Ethereum blockchain based process together with principal and interest moved using fiat. This ecosystem based on decentralized and motivated communities brings together SME borrowers, local and regional risk assessors, debt collectors, insurers as well as global investors with interconnected trust-based smart contracts.

Business services Cryptocurrency Investment Platform
3.5

by expert rating and reviews


4.9
ICO PROFILE
3.0
TEAM
3.3
VISION
2.6
PRODUCT
Ended
Token DEB
Platform Ethereum
Raised Unknown
Country Lithuania
ICO Start Date 25 Jan 2018
ICO End Date 25 Feb 2018

About Debitum Network

Debitum is an existing business in alternative finance for 3+ years. There is a global credit gap for SMEs of more than $1.5 trillion worldwide. We want to disrupt and revolutionize this by creating a new ecosystem - Debitum Network. It will be a blockchain and trust based ecosystem joining various players (investors, risk assessors, document validators, insurers etc.) to complete end-to-end financing loop for SMEs.

It is very important to have a process based solution here as only such approach allows for a mix of local / global players to close the financing gap, earn money on their services and provide needed juice for SMEs growth and development. Traditional finance institutions are failing hard on this issue for ages - it is time we take it in decentralized hands and solve.

Team

Martins Liberts member of Debitum Network ICO
Martins Liberts
Donatas Juodelis member of Debitum Network ICO
Donatas Juodelis
Justas Saltinis member of Debitum Network ICO
Justas Saltinis
Mazvydas Mackevicius, PhD member of Debitum Network ICO
Mazvydas Mackevicius, PhD
Monika Varkalyte member of Debitum Network ICO
Monika Varkalyte
Ian Scarffe member of Debitum Network ICO
Ian Scarffe
Founder at Crypto Consulting and Investments LTD.
Eyal Hertzog member of Debitum Network ICO
Eyal Hertzog
CO-FOUNDER OF BANCOR / CRYPTO ADVISOR
Tadas Langaitis member of Debitum Network ICO
Tadas Langaitis
INVESTOR RELATIONS ADVISOR
Richard Evans member of Debitum Network ICO
Richard Evans
INVESTOR RELATIONS ADVISOR
Andrius Bogdanovičius member of Debitum Network ICO
Andrius Bogdanovičius
RISK ASSESSMENT ADVISOR
Andrius Nikitinas member of Debitum Network ICO
Andrius Nikitinas
INTERNATIONAL BUSINESS DEVELOPMENT ADVISOR
Michael Ricks member of Debitum Network ICO
Michael Ricks
FINANCIAL SERVICES ADVISOR
Peter Howitt member of Debitum Network ICO
Peter Howitt
LEGAL ADVISOR
James Downton member of Debitum Network ICO
James Downton
MARKETING ADVISOR
Lex Sokolin member of Debitum Network ICO
Lex Sokolin
FINTECH ADVISOR

Milestones

  • 1

    2015 – Q2 2017 - Start of the company

    - 2015: Incorporated DEBIFO – an alternative finance company
    - 2016.01: Joined Mintos p2p finance platform
    - 2016.10: Reached financing agreement with a private debt fund MUNDUS
    - 2017.02: Envisioned Debitum ecosystem
    - 2017.06: Reached 3M EUR portfolio, nearly 20M EUR asset turnover

  • 2

    Q3 2017 - Creating Proof of Concept

    - 2017.07: Expand core team with business and technology advisers
    - 2017.08: Establish global business development team
    - 2017.09: Build and deploy MVP version on Ethereum Ropsten blockchain
    - 2017.09: Align with first counterparties of ecosystem

  • 3

    Q4 2017 - Raising funds via Crowdsale

    - 2017.10: Launching of the marketing campaign
    - 2017.10: Expanding the Debitum Network community
    - 2017.10: Incorporating Debitum Network
    - 2017.11: Crowdsale

  • 4

    Q1-Q3 2018 - Building Debitum Network 1.0

    - 2018.03: Expanding Debitum Network team to prepare for global expansion
    - 2018.06: Establishing Debitum Network in the first target country
    - 2018.09: Testing and auditing Debitum Network 1.0 before public launch

  • 5

    Q4 2018 - Debitum Network 1.0

    Develop Debitum Network ecosystem version 1.0 with manual on-boarding of asset generators, investors and additional service providers

Financial

Token Sale Info
Token DEB
Platform Ethereum
Tokens for Sale 400000000
Investment info
Accepting ETH
Hard cap 20,000 ETH
Raised Unknown

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