Hi my friend would like to introduce MicroMoney to you
There are still more than 2 billion unbanked people in the world. These people are
excluded from the local and global economy as they still use cash and don't have
access to basic financial services. Taking out a loan is a great challenge for them as well
unless they obtain a credit history.
MicroMoney’s mission is to solve this problem.
MicroMoney was established as a microfinance institution and has sharpened the
business to become a decentralized Open Source Credit & Big Data Bureau on the
Blockchain. Since 2015, we provide individuals and SMEs with short-term loans as the best
solution for their financial needs. MicroMoney uses innovative risk scoring powered by
artificial neural network.
In the long-run, we are able to help 2 billion unbanked and underbanked people to build
a multi-purpose digital identity, creditworthiness, and financial reputation. Without
borders or intermediaries. Our goal is to bring these people to the new global
decentralized crypto economy.
Consider changing to:
Financial services for unbanked and underbanked, Big Data, Blockchain
technology and A.I. scoring for business. All this combined with worldwide
franchise constitute MicroMoney ecosystem.
Currently, MicroMoney is establishing new branches in Indonesia, Sri Lanka, and the
Philippines. The next target countries are Vietnam, Malaysia, Singapore, Hong Kong,
Nigeria, and China as a promising market. These branches will start operating in Q3
2017 - Q1 2018. For the purpose of further business expansion and developing new
products, MicroMoney has decided to start a Token Distribution.
Introduction
According to a McKinsey Report, in 2010 2.5 billion adults, just over half of the world’s adult
population, did not use formal financial services to save or borrow. Despite the movement
towards financial inclusiveness, in 2017 there are still about 2 billion people in the world
without formal banking. That means they are forced to use cash in their daily life and have no
chance to address their urgent needs by applying for banking services. Borrowing from
friends and family is the most common source of urgent finances because their loan
applications are hardly approved by banks. The reason is always the same: they have no
credit history. Although financial organizations declare that there are fewer and fewer
unbanked each year, those who remain in an unbanked or underbanked status do not have
an easy way to solve their situation.
What are the trickiest things for banks to include such people into their customer base?
Unbanked are profitable at large, but they involve higher risks and lower margins.
Blockchain
technology offers an answer to classical but outdated banking restrictions. It provides
financial institutions with a way to increase market competition and to make a product
revolution in financial services. The current situation enables and even forces all market
players to provide fast and affordable services for the financially excluded worldwide.
Our Mission
Solving hunger and poverty by providing
unbanked people with the access to financial
services and a possibility to build their first credit
history on a Blockchain.
Helping unbanked small entrepreneurs grow
their businesses by offering them online loans.
Enabling banks, financial companies, einstitutions,
and retail businesses worldwide to
efficiently scale and serve customers, who
previously had no access to their services.
Creating an extensive micro-financing ecosystem
by providing our franchise to local partners.
Raising financial awareness among our clients by
offering consulting services and educational
materials.
Enabling Blockchain companies to efficiently scale
their customer base by getting access to our open
source Credit Bureau with millions of
un(der)served people.
Bringing financially excluded people to the new
global crypto economy.
How does the MicroMoney Work?
Our History: Two years of hard work
MicroMoney was established as a company focused on micro-financing in the money lending
industry. We aim to provide the best solution to individuals and SMEs to meet their financial
needs. MicroMoney is successfully operating in Cambodia, Myanmar, and Thailand, where
our back office is located.
We provide customers with online loans without any collateral requirements. Clients can get
the money by just filling in the application form on our mobile app. Using machine learning
algorithms, we can approve a loan in just 15 seconds and are able to deliver the funds in 1
hour. After setting up our branch in Cambodia it took only 3 months to make the business
profitable. Founded in 2016, MicroMoney Myanmar is equally showing stable performance
growth.
Two years of diligent work have resulted in a unique scoring technology, a wide network of
business partners, and stable business growth. As for customer feedback, our Facebook page6
reached more than 500 thousand followers, and our app7
in Google Play has a customer
rating of 4.8 out 5.
We have more 95,000 registered users, of which 90 percent took out the first loan in their
life. About 73% got back to us for a second loan. Currently, our retention statistic show an
average of 4.5 social/emergency loans per client.
Our Timeline
Information Details
Website: https://micromoney.io/
Whithepaper: https://micromoney.io/MicroMoney_whitepaper_ENG.pdf
Twitter: https://twitter.com/micromoneyio
Telegram: https://t.me/micromoneyico
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1062194
Tidak ada komentar:
Posting Komentar