Debitum is a startup based on the technology of Blockchain, which provides financial assistance to the business. It is rapidly growing as a robust solution that offers funding to the small companies. This platform also promises to remove the requirement of third parties. Moreover, it has recently completed a crowdsale campaign.
The network of Debitum is working towards its target of developing a transparent, safe, and decentralized environment for funding medium, small, and micro enterprises. This platform provides innovative financing. It is working hard to offer a financing solution to small enterprises where they are not required to rely on any intermediary.
Almost every small enterprise across the globe is suffering from the common difficulty of no or limited access to financing. As per the records of the World Bank, there are atleast 70% of small, medium, and micro firms that are unable to get access to credit. A lot of experts have given an argument stating that the restrictive regulations of the financial institutions and banks are aimed at restraining the small companies from acquiring financial assistance from the individual as well as international investors.
The network of Debitum was created with an aim to eliminate the problems persisting in the current system of funding. Plus, this network aims to create a hub, which brings together all the people that are involved in the resource sharing. The main purpose of this platform is to connect lenders, document validators, insurers, accessors, and borrowers.
All the transactions performed on this platform are incorruptible and safe as they are processed by making use of Blockchain of Ethereum. Companies can make use of this service in their localities as these transactions run through paper currencies.
The network of Debitum is created by a team of proficient people who have gained experience at various platforms of financing. They have designed a Minimum Viable Product where the entire infrastructure of Blockchain runs through Ethereum.
The team of Debitum is of the opinion that the small firms should get s fair chance to link investors spread across the globe and then use the money invested by them. These people have felt this requirement themselves at the time when they were creating successful businesses of finance and IT. The co-founder of this platform stated that the team of Debitum wants to share these experiences and contribute to the growth of small companies.
All the transactions performed on the network of Debitum are going to involve the use of DEB tokens. This digital currency is going to turn into a sustainable currency as its value is going to grow with the growth of the platform.
In the previously conducted crowdsale campaign, Debitum raised 12 million dollars in the first round. The Debitum network received the audience and the jury award in the competition of initial coin offering. If you are looking forward to get more details about the network of Debitum, then go through its whitepaper.