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.