About Debitos

Dr. Andreas Neuber

Senior Advisor

Dr. Andreas Neuber started his career as a Senior Advisor at Debitos in 2019. Before working at Debitos Dr. Neuber served, among others, in Hong Kong as group chief operating officer in the Asia Pacific region for UBS AG, …

… a global financial institution offering services in wealth management, investment banking, and asset management. Dr. Neuber was also CEO of UBS Hana Asset Management one of the leading asset management companies in South Korea. Before working for UBS he held various management positions at Commerzbank and was CEO at Commerzbank SGR and Managing Director at Commerzbank Asset Management Italia. Dr. Neuber is an internationally experienced manager with studies in Munich and Hong Kong, holding a doctorate in business administration.

Karl Olbert

Member of the Advisory Board

Karl Olbert is an active business angel with focus on fintech and legal tech business models. Mr. Olbert has a long and successful background in the asset management industry.

For many years Karl Olbert worked with the Deutsche Bank Group, first in Mannheim (Germany) managing fixed income and equity portfolios for institutional investors, then as European Equity Portfolio Manager with Morgan Grenfell Asset Management in London, and subsequently as Managing Director of Deutsche Asset Management, Frankfurt, with responsibility for institutional key client relationships and business development. Later he was responsible for State Street Global Markets’ business in Germany, which included specialized services for institutional clients and asset management companies around trading, research and operational efficiencies covering equities, bonds and foreign exchange.
Karl Olbert’s financial education comprises an investment banking seminar at Stern School of Business, New York University. Furthermore, he completed an advanced executive program at London Business School. Mr. Olbert studied law at the Universities of Heidelberg and Geneva; he holds a law degree (2. Staatsexamen) from the State of Baden Württemberg.

Prof. Dr. Mark Wahrenburg

Member of the Advisory Board

Prof. Dr. Mark Wahrenburg is chairman for Banking Management at the Goethe University, Frankfurt. He has extensive international experience, among other things as a guest professor at the Wharton School of …

… the University of Pennsylvania and a one-year residency in Ho Chi Minh City, building the Vietnamese German University. Prof. Dr. Wahrenburg is the founder and a board member of the Goethe Business School and President of the Goethe Finance Association. As a management consultant for McKinsey and American Management Systems he has many years of practical experience. Within Unibators at Goethe University, Prof. Dr. Wahrenburg supports the creation of companies in the financial sector.

Dr. Axel Wieandt

Member of the Advisory Board

Dr. Axel Wieandt, born in 1966, studied from 1986 until 1990 Business Administration at the WHU-Otto Beisheim School of Management, first in Koblenz and later in Vallendar.

From 1991 until 1992 he completed a M.B.A. at the J.L. Kellogg Graduate School of Management in Evanston, Illinois, as a DAAD scholar (Procter&Gamble Scholarship). Mister Horst Albach was his liaison professor at the “Studienstiftung des Deutschen Volkes e.V.” and doctoral supervisor at the WHU, where Axel Wiandt obtained a doctor degree (Dr. rer. pol.) in 1993.
After his study, Axel Wiandt started his career as a consultant at McKinsey & Company in Düsseldorf and Boston. After an intermediate station in the Investment Banking department of Morgan Stanley & Co. Ltd in London, he switched to the Deutsche Bank AG in Frankfurt am Main. He worked for the Deutsche Bank until 2008 as Head of Corporate Development / Corporate Investments. In autumn 2008, the peak of the financial crisis, he was appointed by a syndicate from the German financial sector, to serve as Managing Director for the Hypo Real Estate Holding AG. After the stabilization, restructuring and nationalization of the Hypo Real Estate Group, he switched back to the Deutsche Bank in 2010. In 2011, he worked again in the Investment Banking sector, as Managing Director for the Credit Suisse (Europe) Ltd. From 2012 until 2015, he was appointed by the “Deposit Guarantee Fund of German private banks” to organize the negative growth of the Valovis Bank AG, as the Managing Director.
Axel Wieandt serves as honorary professor for financial intermediaries at the WHU in Vallendar and lecturer for bank management at the Goethe Business School in Frankfurt am Main. In spring 2016, he held guest professorships in the field of Finance at the J.L. Kellogg Graduate School of Management. Axel Wieandt is member of different advisory boards. Besides that, he is a board of trustees member of the “Europäische Stiftung Kaiserdom zu Speyer”.

Debitos history

Debitos was founded by Timur Peters with the idea of combining the concepts of “factoring” and “peer-to-peer lending” and adapting them to the market of non-performing loans (NPLs) as well as enforceable claims. The technical development of the online platform finally started in late 2010 after an intensive exchange with the “Bundesanstalt für Finanzdienstleistungsaufsicht” (Federal Agency for Financial Services Supervision, BaFin) and the German privacy protection authorities. Later in 2010, the venture capital company Paua Ventures invested into Debitos.

In February 2011, the operational beta-phase began and the first transactions were successfully completed soon thereafter.

The official launch of Debitos’ Secondary Debt Market followed in January 2012. During this year, Debitos moved into its new office at Friedrich-Ebert-Anlage 36 in Frankfurt am Main and the further investments by Paua Ventures, RI Digital Ventures, and an Angel Investor enabled the continued growth of the company.

Sellers on Debitos benefit especially from high transaction prices, which are enabled through the unique auction procedure and the continuously growing competition among the registered investors. In 2013, the number of registered investors exceeded 200 companies. The first EUR 20 million portfolio was sold in March 2013 and the total volume of claims offered simultaneously on Debitos marked a new record at EUR 890 million in November 2013. This rapid development illustrates the growing acceptance of Debitos in the corporate landscape, which is why also Otto Capital B.V. placed an equity investment in May 2013.

In the beginning of 2014, Debitos received the certification “Proven Online Portal” by the TÜV Saarland. In February 2014, the first EUR 600 million portfolio was sold via the online platform of Debitos. Moreover, the trading activities focused increasingly on NPLs and bankruptcy claims from banks and financial institutions. Starting in May 2014, Debitos allowed its sellers to trade real estate-secured NPLs. Since more and more deals with debtors from outside of Germany were offered, Debitos attracted an increased interest from international investors. To cater their needs, the English version of the trading platform was launched in November 2014.

In February 2015, the first insolvency claim with a value of EUR 10 million was successfully sold on Debitos. By the end of 2015, the total volume of successfully traded claims on Debitos surpassed EUR 1 billion for the first time.

Debitos further expanded its offer at the beginning of 2016 and opened the secondary market for bankruptcy claims in February that year. Today, more than 1,800 banks and corporates actively use Debitos in order to trade both real estate-secured and unsecured NPLs, enforceable claims, and bankruptcy claims. You can find advantages for selling on Debitos „here“ and for buying on Debitos „here“.

By the year 2017 Debitos starts a year of growth and expansion. Due to the expansion of the team Debitos moved in 2019 into a larger and more modern office in the Mainzer Landstrasse 69-71 in Frankfurt am Main.