Debitos is an online platform for trading non-performing loans and bankruptcy claims.
Debitos is Germany’s first online-exchange, on which banks and corporates can actively trade both real estate-secured and unsecured non-performing loans.The platform is available at www.debitos.de and allows sellers to offer claims individually or bundled as a portfolio. More than 290 institutional investors compete with one another and place their bids in an online-auction. Through this process, sellers increase transaction prices and transparency. More than 1.300 corporates currently use the exchange to trade dunned invoices, enforceable claims/terminated loans and bankruptcy claims. Since launching the exchange in January 2012, a total volume of over 1 billion Euros has been offered on the exchange. Debitos GmbH is headquartered in Frankfurt am Main, Germany. The company’s managing partners are Hajo Engelke and Timur Peters.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jun 19, 2012 | Series A | — | 1 | SquareOne | — | Detail |