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Milestones Debitum Network

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.

3.0
17 expert ratings
3.3
3.1
3.2
2.5
View rating distribution
~$16,574,400
value of tokens sold in ICO
Ended
Token
DEB
Price in ICO
0.1060 USD
Country
ICO start
25th Jan 2018
ICO end
25th Feb 2018
More on ICO
Report

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

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ICO KYC Report
2 members invited
Martins Liberts
Failed
Donatas Juodelis
Passed
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