Debifo

Last Updated: 02.08.2018.

Debifo
Loans Originated
€ 53 M
Loan portfolio
€ 6.5 M
Buyback Guarantee
Without a buyback guarantee
Skin in the Game
5%
Average NAR%
11.1%
Website: www.debifo.lt
Founded: 2015
Employees: 9
Joined Mintos: Jan 2016
Loan Type: Invoice Financing
Country: Lithuania
Currency: EUR
Effective APR charged to borrowers: 12%-36%
Loans Outstanding on Mintos: € 866 688

About

DEBIFO is the first and largest non-bank invoice financing (factoring) service provider to small- and medium-sized businesses in Lithuania. DEBIFO seeks to help businesses expand by unlocking working capital stuck in outstanding invoices. DEBIFO clients provide products and services to large, trustworthy corporations in a wide array of business sectors. The company launched in May 2015, and has since been recognized by the prestigious business magazine Forbes, which named the company one of the most intriguing fintech start-ups in Europe. DEBIFO also won an award for the best financial service in the annual “Service of the Year” awards.

 

Interview with CEO

Risk Categories

Here you can see all of the Debifo risk categories on the Mintos marketplace
Risk categoryInterest rateEst. annual bad debt rate
AA8.0%-10.0%0.10%
BA8.5%-10.5%0.28%
CA9.0%-11.0%0.45%
AB9.5%-11.5%0.73%
BB10.0%-12.0%1.15%
CB10.5%-12.5%1.83%
AC11.5%-13.5%2.95%
BC12.5%-14.5%6.08%
CC13.5%-15.5%8.50%