MicroMoney, a global fintech Blockchain company and lending services provider, announces the worldwide launch of token-generating event and the start of the token distribution campaign.
Having two years of successful business behind its back, MicroMoney will start its token crowdsale as of October 15th. Having already accumulated over $1.8 mln from current campaign participants, MicroMoney initiates a $30 mln worth token distribution campaign with an intention to use funding for further business expansion to other regions via a franchise model.
In its mission of financial inclusion for over 2 billion of unbanked and underbanked people to the global finance system, the company, already a sustainable business in Myanmar and Cambodia, has expanded its presence to Thailand, Indonesia and Sri-Lanka over the previous couple of months.
According to the founder and CEO Anton Dzyatkovsky, MicroMoney makes use of the best ingredients to offer opportunities both to citizen and enterprises alike.
Billions of people are locked inside a vicious circle, not being able to apply for their first loan due to credit records absence, an indispensable prerequisite of having a history of bank loans which, in turn, they are not able to get until they get their first loan from a bank or submit a number of papers.
Micromoney unties this knot by offering people an opportunity to obtain their first loan thanks to an intelligent scoring solution based on neural networks, Big Data and AI technologies. The only thing they need is the access to a borrower’s smartphone data.
At the same time, by just ticking one box on the questionnaire, MicroMoney clients may make their digital footprint available to other stakeholders, thus becoming rightful participants of the global economy and holders of their credit score, now eligible to offerings from other banks and organizations.
“MicroMoney places thousands of potential clients in reach for companies, banks, insurance and telecom service providers, offering one of the lowest-cost customer acquisition models if compared to traditional banks and credit bureaus.”
“Where traditional banks spend hundreds of dollars to attract new customers, we offer Big Data at a hundred-fold less cost,” Dzyatkovsky added.
“With stable position and experience in crypto community, we are creating a Blockchain-based credit score bureau which will solve the inclusion problem for billions of potential clients all over the world.”
“We are happy to have earned trust from the community and received an impactful boost to our global expansion plan. We have 2 years’ track record of a stable, mature business, and our win-win business model is backed up by our shareholders, all of them with great market experience from Bloomberg, stock exchange investment companies, venture funds, banking and microfinance organizations. In our ambition to make our successful business model available for a worldwide franchise, we count on a successful token distribution campaign which will serve for a greater cause and offer token holders a true value for money,” Dzyatkovsky added.
MicroMoney is a global FinTech company providing the access to financial services for unbanked people on emerging markets and the access to the emerging markets audience for banks, trade, and financial organizations.
MicroMoney focuses on lending services without any collaterals or paper documents requirements thanks to its scoring platform based on neural networks. We use data collected from a customer’s mobile phone to assess the potential borrower’s score rate and to share the data and their analysis results with companies worldwide via platform’s API.
MicroMoney is a fast-growing company with $1,25 million share capital and more than 200 employees across offices in Singapore, Thailand, Myanmar, and Cambodia.