[ANN] [ICO] DEBITUM NETWORK - Borderless SME business funding ecosystem

[IgorShumilo]

Hello, dear administrator. Can you please tell me when you want to publish the bounty program of this project?

[finvestor]

Congrats with winning d10e ico pitch competition among 17 other highly rated projects and securing investment from Blokchain Investors Consortium. That is a strong motivation for me to follow you along the path to ICO.

[Debitum]

Hello, dear administrator. Can you please tell me when you want to publish the bounty program of this project?

Hi IgorShumilo, we hope we will get it finished by the end of this week. Join our Telegram group (https://t.me/joinchat/G6KFmURKsu0FIfJetJ3mOA) to get updated.

[Debitum]

For the first time in the history of d10e pitch competition both awards went to the same project. We are proud to announce that it is Debitum Network. Great success and an obligation to make Debitum Network a true success for investors and all the players in our ecosystem.

Our co-founders after the award ceremony.
http://oi67.tinypic.com/5o8rj5.jpg

[Debitum]

A great project. That way the lower middle class will be helped, whereby they may be thinking about the costs for SMEs but are afraid of higher bank costs, hopefully with the Debitum they will be helped. Hopefully the project that you build success and according to plan, so many people who will be helped.

Indeed, small and medium business makes a 90% of all businesses. They are the backbones of our economies. Helping them might have a significant impact in the growth and development of the world. Most of the unserved and underserved businesses are from developing economies.
Debitum Network has a clear business development strategy and has prioritised markets and regions which Debitum is going to enter to help local SMEs accessing financing.

[yardyhardymoney877]

what type of financing are you doing? Is this invoice financing?

[cryptofangl]

The project is interesting. Apparently will have to negotiate with banks by types of financing.

[Debitum]

what type of financing are you doing? Is this invoice financing?

Debitum Network will support the different steps of financing process - verification, risk assessment, insurance, investment, debt collection. In an essence it doesn't matter if the "underlying asset" is an invoice, fixed capital or other as long as it may move through the financing process. Would you agree?

[a007mr]

A great project. That way the lower middle class will be helped, whereby they may be thinking about the costs for SMEs but are afraid of higher bank costs, hopefully with the Debitum they will be helped. Hopefully the project that you build success and according to plan, so many people who will be helped.

I'm just wondering if there are any competitors you should be aware of?

[Debitum]

A great project. That way the lower middle class will be helped, whereby they may be thinking about the costs for SMEs but are afraid of higher bank costs, hopefully with the Debitum they will be helped. Hopefully the project that you build success and according to plan, so many people who will be helped.

I'm just wondering if there are any competitors you should be aware of?

As far as we know, we are the only ICO planning to solve SME financing problem in hybrid way of issuing FIAT loans. Crypto is still not adopted by the usual businesses. We are taking the most pragmatic and effective way to make our solution truly usable by SMEs worldwide.

[yardyhardymoney877]

what type of financing are you doing? Is this invoice financing?

Debitum Network will support the different steps of financing process - verification, risk assessment, insurance, investment, debt collection. In an essence it doesn't matter if the "underlying asset" is an invoice, fixed capital or other as long as it may move through the financing process. Would you agree?

yes, but you stress invoice financing. any reasons why this?

[Debitum]

what type of financing are you doing? Is this invoice financing?

Debitum Network will support the different steps of financing process - verification, risk assessment, insurance, investment, debt collection. In an essence it doesn't matter if the "underlying asset" is an invoice, fixed capital or other as long as it may move through the financing process. Would you agree?

yes, but you stress invoice financing. any reasons why this?

Our core team comes from Debifo  - an alternative finance company specializing in invoice financing. We have the most experience in factoring, that is why we want to start with this finance product. However, in Debitum Network we will offer other financial products such as business loans, VAT refund, contract financing not only invoice financing.

[Debitum]

Official video of Debitum Network has been released! Watch our co-founder Martins Liberts explaining in a visualized and comprehensive way how Debitum Network is going to solve global SME financing problem:

https://www.youtube.com/watch?v=3uJP6qzEL7U

[yardyhardymoney877]

Debitum Network ICO...

Website  |  Whitepaper  |  Blog

Slack  |  Telegram  |  Reddit  |  Medium  |  LinkedIn  |  Facebook  |  Twitter

https://debitum.network/assets/images/01-intro.png

https://debitum.network/assets/images/02-chalange.png

https://debitum.network/assets/images/03-how-it-works.png

https://debitum.network/assets/images/04-why-invest.png

We start the Debitum Crowdsale on 30^th November 3:00 PM London time

Keep me updated

https://debitum.network/assets/images/05-road-map.png

https://debitum.network/assets/images/06-team.png

We start the Debitum Crowdsale on 30^th November 3:00 PM London time

Keep me updated

Disclaimer: I'm not a project team member or anyhow related with this project. All responsibility belongs to the project’s team members

If you want to send a private message, please send it to Debitum, not to LTU_btc!

I see figures 3m and 19m. does it profit?

[Debitum]

 Is there approximate figure on profiits since founding?

Invoice funding company DEBIFO has reached break-even during the first operational year and is profitable. The goal is to grow the business with high-quality invoices to minimize bad debts.

[finvestor]

Why do you have fiat money in the business cycle? Isn't it possible to do it all crypto?

[gnomas]

Why do you have fiat money in the business cycle? Isn't it possible to do it all crypto?

Let's say I have a company which builds houses and we won the contract to build a skyscraper in Dubai. I will receive significant part of the money then i will finish my work. But I need to pay salary for my employees and I don't think that guys, who worked in building industry for years, will suddenly accept salary in crypto, nor can I pay for equipment rent with crypto. That's why I think fiat in Debitum model is great. 

[Debitum]

Why do you have fiat money in the business cycle? Isn't it possible to do it all crypto?

Let's say I have a company which builds houses and we won the contract to build a skyscraper in Dubai. I will receive significant part of the money then i will finish my work. But I need to pay salary for my employees and I don't think that guys, who worked in building industry for years, will suddenly accept salary in crypto, nor can I pay for equipment rent with crypto. That's why I think fiat in Debitum model is great. 

You have made an excellent point - that is exactly why we need fiat in the beginning.
In the long run crypto may be used. But before that we should work together to make crypto more accepted around the world and also wait for crypto to become less volatile.

[yardyhardymoney877]

Which technology will the token be built on and why this? Will you have a smart contract?

[Debitum]

Which technology will the token be built on and why this? Will you have a smart contract?

Our DEB token will be built on Ethereum based (ERC223) technology. From the start of the crowdsale everything will be guided with the transparent smart contract.