FintruX

(Investment)

Getting an unsecured loan can be easy, fast, and affordable with FintruX’s ecosystem.

FintruX aims to make unsecured loans highly secure. Harnessing over two decades of experience serving the securitization sector, we apply cascading levels of credit enhancements to offer unprecedented risk reduction towards unsecured loans. Interest cost reduction is one of the most important motivations in securitization. It is often done via credit enhancement. We can apply the same principles to reduce the high interest rates normally associated with unsecured loans, making it attractive to both borrowers and lenders. Our goal at FintruX Network is to disrupt the way unsecured loans are being originated and administered. This innovative concept solves three major issues for small businesses, especially startups, to borrow from accredited investors and financial institutions. By applying credit enhancements, FintruX Network seeks to neutralize the lender's credit risk and, in the case of a default, provide cascading levels of insurances to cover the loss – thereby increasing the overall credit rating and lowering interest rates simultaneously. The four cascading levels of credit enhancement include over-collateralization as additional collateral, a local third-party guarantor, cross-collateralization as insurance, and FintruX ultimate protection reserve. A unique smart contract is generated and deployed by FintruX Network for each individual borrowing at real time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options such as refinance and prepayment. FintruX Network is a multi-sided marketplace and ecosystem that delivers value not just to borrowers and lenders, but also to third-party guarantors and specialized service agents. We are making borrowing and lending a no-brainer for both borrowers and investors.

Token Sale
ended 28 Feb
start date
2018-02-07
end date
2018-02-28

GOAL
Hype Rate
Not rated
Risk Rate
Not rated
ROI Rate
Not rated
BTC Rate
Not rated
Token name:
FTX
Formula price:
0.5666 USD
Token type:
ERC20
Token Price:
$0.5666
Soft Cap:
881 838
Hard Cap:
TBA
Receive:
24 714 054
Capitalization:
TBA
Bonus:
TBA
Bounty:
TBA
Accepts:
TBA
Know Your Customer (KYC):
NO

Team:

Dan Poh
Chief Marking Officer & Co-founder
Elie Galam
CIO of Eastmore Group
Abhijith Naraparaju
Blockchain Advisor
Hussein Hallak
Strategic Advisor
Nelson Lin
Founder & CEO
Conrad Lin
Co-Founder & CMO
Gary Ng
CTO
Aaron Xu
Front End Developer
Douglas Thiessen
Blockchain Developer
Philemon Selvaraj
Data Analyst

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