By leveraging the innovation of blockchain, Debitrum's platform will shine the light of transparency, accountability, and trust upon the distressed debt ecosystem, disinfecting the fraud and mistrust that has plagued this marketplace for decades. Debitrum will protect the interests of consumers, creditors, investors, servicers and regulators alike.
Leveraging blockchain technology, Debitrum will create an immutable decentralized and authenticated database of outstanding debts, debt payments, debt owners and authorized debt servicers.
Debitrum has successfully closed its “Seed Round”, the proceeds from which will fund the development of our technology platform. Debitrum is a StartUp NY company, sponsored by the University at Buffalo and located In the Innovation Center on the Buffalo Niagara Medical Campus.
By accrediting all participants and transaction in the ecosystem, Debitrum will provide the transparency necessary to mitigate the most common and insidious fraud by bad actors. With Debitrum, the good guys will have the tools to differentiate themselves.
The Debitrum team has extensive experience in the consumer finance, distressed debt and information technology sectors, enabling us to build technology that will meet the specific needs of industry participants.