team - very strong team
mvp - no
idea - interesting
competitors - few
market - #financial
Feb 7th 2018
5 months ago
Feb 28th 2018
5 months ago
*The rating score is given by Foxico. To check the rating at Zaz spreadsheet please follow the button.
FintruX Network is a global P2P lending ecosystem powered by Ethereum and no-code development. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of SMEs that typically face challenges getting loan financing, such as startup companies. While pursuing traditional financing, most startups face challenges such as significant collateral required, stringent requirements, and impossible rates and terms (if alternative financing is procured). With credit enhancements, no-code development, and an open ecosystem, FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral – in any currency. Small businesses can get a loan up to 6 figures within minutes.
The FintruX team has extensive experience serving the financing industry in Asia and North America and the securitization software built by the development team is currently managing billions of dollars of assets. The team leverages their experience to make unsecured loans highly secure and make affordable, safe borrowing a reality starting with Canada and Singapore and expanding globally across North America and Southeast Asia.
By applying credit enhancements, FintruX Network will virtually neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurance to cover any possible loss. With risk reduced, lenders have peace of mind and the interest rates for borrowers is lowered.
An open-source unique smart contract is automatically generated and deployed by FintruX Network for each approved loan in real-time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. This is possible with our no-code development technology.
Rated partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies will all have a role in our ecosystem. Our network will enable our partners to offer a new generation of financial products and to develop innovative new tools for use on our platform.
For the first time, borrowers can rate their lenders on a decentralized and immutable platform and be confident that they are getting the safe, affordable financing they need.