Debitum — borderless small business financing
I’m the type of guy who reads everything… So I had a look at a few documents but I should have started with Executive Summary, see links here: https://debitum.network/whitepaper
Existing MVP
See more here: https://debitum.network/mvp
88 pages whitepaper
A little bit too long in my opinion.
I think I know the market, problem, challenges and I’ve skipped these parts :)
Yeah, I admit, I didn’t read it in full because I wanted get faster to the “meaty” part.
33 pages TGE document
Just like whitepaper, a little bit too long for my taste. I guess financial institutions work differently than me. My label of “crazy hippy” does not fit the level of detail and regulation typical to financial sector.
Risk Assessors
People, organisations, AI who would be reviewing loan applications. Interesting game theory incentives are in place — how to ensure Risk Assessors will remain objective?
Debifo
Started in 2015, Debifo is now of the leading alternative financing platforms for SME’s. In 2016, it was awarded Financial Service of the Year.
Inntec
One of the most innovative IT companies in Northern Europe, providing high quality IT services for public and private sectors.
That’s what I want to see — how these are doing in the past. Are they successful, do they have significant accomplishments? These two companies seem legit, well done to them.
Competition
Financing is 1000s years problem. Think Christopher Columbus and financing his sail to “New India” or if you prefer “America”… The idea was pitches to various head of the states — Portugal and Spain.
Surely there is some competition — numbers are easily quantifiable, that’s why financial products are so popular on the Blockchain.
DYOR
Of course do your own research. Don’t trust strangers on the internet like me. I know little about global finance market. I know very little in general — do your own research!
