Announcements

Founder's Letter

We are on a mission to transform the financing landscape for early-stage companies once and for all.

Founder's Letter
Tayga Baltacioglu
29 May 2022

Dear friends and founders,

Today, I am proud to announce the launch of Debite.

We are on a mission to transform the financing landscape for early-stage companies once and for all. The existing system is broken, and we’re here to fix it.

Debite helps start-ups grow faster and manage their cash flow with our flexible financing solutions. Unlike traditional lenders, start-ups are our main customers. Our application process has been designed with small but ambitious businesses in mind. We don't waste your time by asking you to fill out endless forms, detailing your financials, or submitting an exhaustive transaction history. We don't take months to make a decision, and, importantly, we choose to lend based on factors that make sense to a young business.

We’re built to make sense in today’s fast-moving world and are a game-changer for ambitious businesses with big growth plans.

We all know getting a business off the ground and scaling it can be a challenging and inefficient process. Operational costs, like office equipment and subscriptions, are essential outgoings but drastically eat into cash reserves. Extensive marketing campaigns have the power to offer great returns, but require paying large sums up front. In the early stages of a company's journey, managing these costs is the difference between surviving and thriving.

Yet, there are very few attractive options to help ease this cash flow pressure. Traditional lenders are often slow and expensive and rely on a system that supports only well-established businesses with regular income. More recent challengers are doing well but only focus on small areas of the market.

I founded Debite because I have first-hand experience of the pitfalls of growing a start-up. In my previous business, I felt all too painfully, the frustration of being unable to realise growth potential because of cash-flow constraints. If I had a partner like Debite beside me, I believe I could have reached more of my goals faster and easier.

Our initial products have been designed for two essential purposes: Debite’s easy-access Spend & Save Loans offer instant cash of between £5,000-£50,000 to help businesses manage the high cost of growth critical initiatives, such as marketing or SaaS subscriptions. While the Boosted Debite Card offers dynamic credit limits that are typically 20 times higher than banks, providing greater control over day-to-day cash flow. Our customers will be able to track their spending and make changes to their flexible repayment plans through an interactive online portal.

I am passionate about helping ambitious early-stage companies achieve their goals by providing attractive funding support which nurtures growth, not hinders it.

My team and I can't wait to get started.

Onwards and upwards,

Tayga

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