Last Updated: 10.06.2019.
|Joined Mintos:||Jan 2016|
|Effective APR charged to borrowers:||6%-24%|
|Loans Outstanding on Mintos:||€ 382 625|
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.
|Risk category||Interest rate||Est. annual bad debt rate|