Debifo tripled the number of its clients

04.04.2018

mintosblog

In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients.

The number of Debifo clients grew from 50 in 2016 to 153 last year. According to Justas Šaltinis, Director of Debifo, active adaptation of services to the needs of small and medium-sized business could be pointed out among the key reasons for this growth.

“Last year, flexibility, transparent price and speed were our key priorities. We approve financing within…

Improve your investment strategy with this new feature

09.11.2017

mintosblog

A new feature has been added to Mintos. For the first time, you can now tailor your investments according to loan risk categories which are based on loan originators’ unique internal scoring models. Risk categories link expected annual bad debt rate with the interest rate offered to investors on Mintos. This new feature gives you a high-level of transparency and will allow you to make more informed and precise decisions on your investments.

DEBIFO will be the first loan originator on Mintos for…

DEBIFO increased factoring portfolio by four times to EUR 2.5 million

02.06.2017

mintosblog

During the second year of its activities the largest non-bank invoice financing company in Lithuania increased the factoring portfolio by four times – up to EUR 2.5 million and financed invoices for EUR 11.2 million. Invoice financing facility was used by more than 100 small and medium-sized businesses who financed 1 790 invoices.

“In the first year of our activities we still tested the demand of Lithuanian business for an invoice financing product, whereas the second year was focused on the active introduction of a non-bank invoice financing product to the market and could be characterised by active growth. Each month…

Mintos marketplace – a loan originator’s perspective

07.03.2017

mintosblog

By Justas Šaltinis, Founder and CEO of DEBIFO | February 2017

Background

DEBIFO offers selective invoice financing services to clients based in Lithuania. We offer both confidential and disclosed invoice financing for invoices issued to large foreign and local corporations. Invoice financing allows small and new businesses holding invoices against large and trustworthy corporations to quickly turn receivables into working capital and balance cash flows. (more…)

DEBIFO enters into strategic partnership with institutional investor MUNDUS

25.10.2016

mintosblog

MUNDUS Bridge Finance has signed an investment agreement with DEBIFO to provide up to EUR 10 million of debt financing to support DEBIFO portfolio growth over the next 5 years.

DEBIFO offers invoice financing services to small- and medium-sized businesses in Lithuania. Unlike banks, DEBIFO does not require long-term contracts or commitments to finance all issued invoices. Moreover, financing is accessible to small and young enterprises as long as they have large and reliable clients. Additionally, decisions are made and financing is provided within several days.

“Since beginning cooperation with Mintos, the DEBIFO portfolio has almost tripled in value, our…

An interview with Co-founder and CEO of DEBIFO

03.03.2016

mintosblog

One of the most recent developments in the Baltic alternative finance market is invoice financing. DEBIFO is the first company in Lithuania to start offering invoice financing to Lithuania’s small and medium-sized businesses that lack working capital but have unpaid invoices issued to large and creditworthy companies. Fighting their way to the top of the market, in less than one year, DEBIFO has financed more than EUR 1.8 million of invoices. (more…)

Invoice finance provider DEBIFO joins the Mintos platform

12.01.2016

mintosblog

We are very pleased to announce our cooperation with the Lithuanian company DEBIFO, which provides invoice financing services to small and medium enterprises with their invoices (i.e. accounts receivables) as collateral. DEFIBO has been in operation since May 2015 and has already financed over EUR 1 million of invoices. (more…)