Invest and earn on the debt and financial markets of Spain
We offer you a unique opportunity to earn on investments in the private debt market of Spain
ABOUT THE COMPANY
Drawing on personal experience, we are opening up extensive opportunities in Spain's financial and debt markets to all interested parties as a means of capital diversification. Years of experience have allowed us to deeply understand the specifics of the Spanish market and achieve a high level of expertise in our field. We provide comprehensive assistance and consulting, full legal support, and administration of companies' and investors' activities "turnkey." Within the framework of an online auction platform, we conduct the sale of debt obligations and portfolios with subsequent collection support.
Our company was the first to start selling debt portfolios through a modern online auction system. We continue to change the rules of the game in the Spanish debt market, strengthening our positions and implementing an innovative approach.
ффффффф ффффfinancial organizations are our regular clients
250
over
auctions conducted
auctions conducted
150
over € 2 фымлрд. billion
volume of auctions conducted
volume of auctions conducted
€2
€3,1222121212121216 million
debts acquired
debts acquired
€3,6
Personal experience
In our work, we rely solely on personal work experience. We deeply understand the specifics of the Spanish market and always strive to achieve the best results for our clients.
Online Auction Platform
We conduct the sale of debt obligations and portfolios through a unique online auction platform. Currently, more than 150 auctions have been held with a total debt volume of over 2 billion euros.
New Opportunities
We understand the importance of capital diversification for large investors and companies, and therefore offer clients only reliable and legally transparent transactions and earning schemes in the closed debt market of Spain. We are members of the Spanish National Association of Financial Institutions for Credit Management (ANGECO).
10 Years in Spain
Our team consists of managers with 10-20 years of experience in finance, IT, industry, and the automotive sector. Our professionalism and knowledge of local market specifics allow us to provide quality services to clients and achieve our goals.
Partnership Relations
We are always open to cooperation in the financial sector and related areas, including joint projects for the development of Eastern European business in Spain. We value each client and strive to establish long-term partnerships.
Full Support
We provide clients with full legal support and administration throughout all stages of operation. Access to the debt and financial markets of Spain will be simple and secure.
OUR SERVICES
Investment
The company specializes in selecting and acquiring debt portfolios on the closed debt market of Spain.
We aim to create profitable investment opportunities for our clients and provide professional support at every stage of the transaction.
Determination of Investment Type
Debt Portfolio Acquisition
Transaction Formalization
Discussion of client needs: Depending on the client's preferences, the possibility of investing in one or several types of debt is considered: microloans, consumer loans, mortgage loans, corporate debts, etc.
Market research: Based on the client's needs and the current state of the debt market, we conduct a balance of demand and supply in each segment, selecting the most suitable options for debt acquisition on the closed non-public debt market of Spain. Risk assessment, liquidity, and potential of each asset are also evaluated to select the most suitable options.
Selection of specific potential investment options: Compiling a shortlist of debt portfolios that meet the client's criteria. Additional analysis of selected assets is conducted to confirm their suitability for investment.
Deal Conclusion: We guarantee the client the acquisition of the debt portfolio on the most favorable terms
Portfolio Analysis: After identifying the desired debt portfolio, a thorough analysis of financial and legal documents is conducted to assess the quality of debts, risks, and potential profitability from their recovery.
Choosing the Acquisition Method: Purchasing a debt portfolio can be done through an auction or directly from the seller. We guarantee clients full support at all stages of the transaction, regardless of the type of trade.
Document Preparation: Gathering the necessary documents for the transaction.
Legal Cleanliness Check: Checking the legal cleanliness of debts and the debt portfolio for any encumbrances, legal claims, debts to third parties, and other legal risks.
All According to the Law: We will conduct the transaction for the acquisition of debts or a debt portfolio in accordance with the current spanish legislation.
Debtor Data Search
Selection of Collection Agency
Control of Pre-litigation and Litigation Recovery
Pre-litigation and litigation recovery
After acquiring a debt portfolio, we provide clients with management services, which include carrying out and monitoring the debt recovery process, as well as, if necessary, entering into agreements for payment restructuring or debt sales to third parties.
Debtor identification: We use various data sources, including open sources of information, databases, social networks, and other resources to determine the identities of debtors.
Data enrichment: We conduct searches and verify debtor addresses using specialized databases and information resources. We search for and verify debtor contact information, such as phone numbers, email addresses, and other means of communication.
We conduct a search and analysis of collection agencies that meet the client's requirements, such as experience, reputation, specialization in the type of debt, etc.
After gathering information about potential agencies, we evaluate and perform a comparative analysis of their proposals and capabilities.
We negotiate terms with the selected collection agency, including the recovery plan, cost of services, rights, and obligations of the parties.
Interaction with the collection agency: We maintain constant contact with the collection agency, providing necessary additional information and legal support.
Reporting and analytics: Clients receive detailed reports and analytical information on the progress of recovery work, enabling them to effectively manage the process and make informed decisions.
Recovery process monitoring: We continuously monitor the recovery process, control the implementation of the recovery plan, and adjust the recovery strategy as needed.
Sale of Debt Portfolio
We specialize in selling debt portfolios, offering clients a unique service for the disposal of non-performing debt obligations.
This comprehensive service includes several important stages.
Portfolio Assessment and Sales Strategy Development
Buyer Search and Sale
Transaction Support and Documentation
Sales Strategy Development: After conducting the analysis and valuation of the debt portfolio, we develop a strategy for its sale, optimizing conditions and prices for clients.
Portfolio Analysis: We conduct a thorough analysis of the debt portfolio, evaluating its structure, quality, and potential for recovery.
Portfolio Valuation: Based on the information obtained, we assess the debts considering various factors such as the level of indebtedness, overdue terms, repayment potential, and other aspects.
Auction: Creditors can exercise their rights by auctioning off debts. Our company can facilitate this process through our own online platform. Auction sales can generate additional returns through competition among buyers.
Buyer Search: We search for potential buyers among our existing clients, if necessary, we approach potential clients who are not registered users of the auction platform.
Direct Sale: This is an effective solution for companies or investors looking to dispose of debt obligations and optimize their financial activities.
Compliance with all legal norms and requirements in transactions: We strictly adhere to all laws and regulatory requirements, guaranteeing clients the legality and transparency of all transactions and operations in the debt market of Spain.
Qualified legal and ancillary services: Our employees have extensive experience working in the financial and debt markets of Spain.
Individual approach to each client and their needs: We fully adapt our services to the requests and goals of each client, striving to offer the best solutions and conditions.
FOUNDERS
Boris Dudar
CEO, co-founder
CEO, co-founder
- Graduated from the Academy of Economic Security.
- Co-founder and director of the online debt auction Debex España.
- For over 20 years, he has been a founder and director of businesses in the automotive and oil service industries.
- Has extensive experience in financing.
- Has been actively engaged in entrepreneurship in Spain since 2013.
Boris Dudar
CEO, founder of the company
Alexander Selivanov
Director of Development, co-founder
Director of Development, co-founder
- Successfully completed the educational program "MBA - Financial Management".
- Co-founder of the online debt auction Debex España.
- For over 20 years, he held top management positions in various international IT and telecom companies, responsible for operational and financial management.
- Has been actively engaged in entrepreneurship in Spain since 2014.
Alexander Selivanov
Co-founder of the company
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Javier Rodriguez Fernandez
Specialists
Graduate of the law faculty of Spain's largest university, Complutense University, with more than 25 years of experience in the credit and debt collection sector, is an expert in debt recovery as well as in the purchase and sale of debt portfolios.
His track record includes Orange, where he was responsible for external agencies and debt recovery processes; Dindin.es, an online microloan platform, as a customer service and collections manager; and Servdebt, a leading independent NPL and REO asset management company in the Iberian market, as a debt recovery manager.
His track record includes Orange, where he was responsible for external agencies and debt recovery processes; Dindin.es, an online microloan platform, as a customer service and collections manager; and Servdebt, a leading independent NPL and REO asset management company in the Iberian market, as a debt recovery manager.
Cases
Investment
Acquisition of a microcredit debt portfolio for recovery
Current annual return on acquired portfolios - 44%
Debt portfolio sale
Entry into the Spanish debt market for a new MFO
Full range of administrative and legal services
Debt sale at auction
Sale of pharmacy debt with licenses as collateral
The lot seller received 72% of the principal debt amount
Debt sale at auction
First auction conducted on the platform
Successfully realized a portfolio of microloans with a total debt of around 20 million euros
Debt sale at auction
Auction of mortgage debt
Several lots sold at a price of 40.5% of the debt amount
Investment
Entry into the Spanish market for debt acquisition
Full range of administrative and legal services
Investment
Entry into the finance vertical in Spain of an international CPA network
Co-investment, full range of front-office services
Successfully realized a portfolio of microloans with a total debt of around 20 million euros
First auction conducted on the platform
Date
September 2020
Debt Type
Microloans
Service
Debt sale at auction
Objective
Total microfinance debt amounting to around 20 million euros was divided into several lots. Over 20,000 client accounts in total.
Execution
Initial documentation for the auction was viewed by 49 registered clients, detailed information was downloaded by 21 clients, and 14 bids were made during the auction process.
Outcome
Starting prices for all lots increased by 4% to 14% to 200+ thousand euros. All bids were approved by the seller, and all lots were sold.
Full range of administrative and legal services
Entry into the Spanish market for debt acquisition
Date
January 2024
Debt Type
Microcredit
Service
Investment
Objective
Investors from Eastern Europe entered the Spanish market to purchase debts.
Execution
Portfolio selection, consultations on the legal documentation for debt purchase transactions.
Outcome
Example of a portfolio purchase:
- 1 lot from a portfolio with a total debt amount of 2.5+ million euros;
- The portfolio was acquired at auction for 50+ thousand euros;
- Assistance was provided in the assessment and legal documentation of the transaction.
Sale of debt at auction
Auction of mortgage debt
Date
February 2024
Debt Type
Mortgage
Service
Debt sale at auction
Objective
Total debt amount of 6+ million euros, 40 accounts.
Execution
Initial documentation for the auction was viewed by 95 registered clients, detailed information was downloaded by 71 clients. Four clients participated in the bidding, and over 20 bids were made.
Outcome
Sold lots with an average purchase price of 40.5% of the total debt amount.
The lot seller received 72% of the principal debt amount
Sale of pharmacy debt with licenses as collateral
Date
April 2023
Debt Type
Pharmacy
Service
Debt sale at auction
Objective
Total debt amount of 1.8 million euros.
Execution
Initial documentation for the auction was viewed by a total of 60 registered clients, detailed information was downloaded by 41 clients. Two clients participated in the bidding.
Outcome
Bids were made to acquire 1 lot for a total of 180+ thousand euros, which constitutes 72% of the principal debt amount.
Current annual return on acquired portfolios - 44%
Acquisition of a microcredit debt portfolio for recovery
Date
September 2022
Debt Type
Microcredit
Service
Investment
Objective
Acquisition of microcredit debt to diversify investments, recover debts, and possibly resell remaining debt in the future.
Execution
Stage-by-stage selection was conducted, liquidity analysis was performed, and a financial model was compiled for several potential portfolios. From September 2022 to August 2023, 5 portfolios with a total debt amount of approximately 3.6 million euros were acquired directly from sellers and at auctions. During the recovery process, the collection agency was changed due to significant lagging behind the recovery business plan. Also, the lawyers’ strike in Madrid had a negative impact on the recovery process.
Outcome
Recovery plans for portfolios 1, 2, and 3 were achieved at 66%, portfolio 4 at 90%, portfolio 5 at 84%. Current annual return on portfolios - 44%.
Co-investment, full range of front-office services.
Entry into the finance vertical in Spain of an international CPA network
Date
April 2023
Debt Type
Other
Service
Investment
Objective
An international CPA network owned by a major investment fund decided to enter the finance vertical in Spain.
Project Progress
- A business plan was developed to establish representation in Spain to gain synergy in accessing the existing client base in the financial sector and to fully administer all activities in Spain:
- Company registration, team building, PR program;
- Business development of key directions (MFOs, webmasters, banks);
- First-year budget of 1+ million euros, co-investment.
Outcome
The project was suspended due to reasons beyond the control of the performers.
Full range of administrative and legal services.
Entry into the Spanish debt market by a new MFO
Date
June 2023
Debt T ype
Microcredit
Service
Debt portfolio sale
Objective
An international Fintech company with 1 million loans totaling over 100 million euros decided to enter the Spanish microcredit market.
Execution
Full administration of the legal entity's activities in Spain:
- Opening and maintenance of accounts;
- Search and administration of office space;
- Legal and accounting services;
- Staff recruitment and management;
- Pre-trial and judicial recovery;
- Debt sale.
Outcome
Conducted three auctions for debt sale. Example of one of the auctions:
- 4 lots, 40,000+ accounts;
- Total debt amount 12+ million euros;
- Starting price 170,000+ euros;
- Over 40 bids were made during the auction;
- Final price (sale price) - 230,000+ euros.
Potential of the Debt Market in Spain
€750 million
Annual volume of microloans
€87 billion
Volume of NPL
€780 billion
Aggregate household debt
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LET'S WORK
Head Office
Contact
Regus Rivas Square Garden
C/ Marie Curie, 9-15, 4ª planta
Edificio B - Bioma
28521 Rivas Vaciamadrid
C/ Marie Curie, 9-15, 4ª planta
Edificio B - Bioma
28521 Rivas Vaciamadrid
Casas Finanzas
