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Getting an unsecured loan can be easy, fast, and affordable with
technology and revolutionary credit enhancements.
ecosystem of rated agencies, decentralized
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 interest rate required by 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 paper gives an overview of our
An unsecured loan is a loan that is not protected or secured by any asset.
In this case the lender is taking a lot more risk and would
likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We are going to change that.
There are options to obtain an unsecured loan for your business. Local banks, private lenders, and marketplace lenders such as peer-
to-peer and direct platform lenders. However, there are rooms fo...
is to make trustless financing a
no-brainer for both borrower and investor.
is to facilitate an ecosystem
where financing liquidity is maximized and
all participants win.
To further enhance our offering, we will make our
platform available to partners such as fraud and
identity service agents, credit scoring and decision
agents, wallets, exchanges, banks, asset managers,
insurance companies and technology companies; to
offer new investment and borrower products, and
develop new tools for use on our platform. These
ecosystem partners can transact directly with our
marketplace or leverage our automated administration
tools to build financing portfolios to suit their or their
opportunities provided by these ecosystem partners
will help expand the attractiveness and availability of
We generate revenue from charging participants
transaction fees in FTX Token. Lend...
marketplace lending . This type of consumer
lending in the UK grew at 81.2 per cent a year
between 2010 and 2015; SME lending growing at
6 per cent a year during the same period; the total
number of active borrowers almost doubled in
2015 alone . According to Morgan Stanley,
while marketplace lending in 2015 was still ~1%
of unsecured consumer and SME lending in the
US, it can reach ~10% by 2020 and expect
China, the UK, and Australia to follow. The global
market can grow to $150-490 billion by 2020 .
Global debt rose to 325 percent of the world's gross domestic product in 2016, totaling US$215 trillion an Institute for International Finance report
released in April 2017 showed, boosted by the rapid growth of issuance in emerging markets. Global debt grew by $7.6 trillion in 2016 compared with the
prior year. Issuance rose from 320 percent of GDP in 2015 .
Traditional local banks and credit unions offer
Just recently, Amazon announced that it has made $1 billion in small-business loans,
ranging from $1,000 to $750,000 for up to 12 months, to more than 20,000
merchants in the United States, Japan and the U.K. during the past 12 months.
Direct platform lenders issue loans from their own
of the traditional requirements and limitations of bank
lending. As a result, direct lenders are often able to
issue loans more quickly than a bank or even peer-to-
peer lenders, and can offer some of the best rates
available outside of traditional lenders.
However, something is still missing, the current P2P
platforms are not true P2P because they are using
intermediates such as trust accounts and others, just
like direct lenders; they lack transparency and they do
Thanks to the rising power of the Ethereum
Blockchain we can achieve much more and bring
higher benefits to both the borrowers and lenders.
Since Amazon Lending launched in 20...
administer financing over dialup modem and private leased line. Later we rewrote the same application into interactive
Nelson Lin has been an innovator all his life since he started his career in the
financial-technology sector as a Systems Analyst at J.P. Morgan in 1986.
Canada, if not the
Kept >10 years
old systems on
in client/server and
system on the...
Traditional Systems are
Lots of Intermediaries
Most financing is still originated via third parties such as brokers and other
intermediaries. They sell their contracts to banks or originators who have
credit lines obtained from banks. The cost of the credit line is then passed
on to the borrowers. Only when their portfolios get to a very large size the
originators can securitize their contracts to get lower cost of funding.
Fragmented and Inconsistent
Most systems employed are not fully automated, records are mutable,
censored, and subject to the patriot act of the country of domicile.
Currently, the different parties would store their own copies of data, and
process it individually. This makes it difficult to synchronize and
collaborate through a shared process. This adds tremendous complexity
and cost for auditing.
Most financing contracts are difficult to understand and special...
Small Business financing Is Essential to the Economy.
Cash flow is an issue for many businesses, and while the cash fluctuations may be small they can have a huge effect on a busines
ability to run. This is where an unsecured loan comes in. The ability of small businesses to access affordable credit is essential to
stimulating and sustaining a healthy, diverse and innovative economy. According to the Federal Deposit Insurance Corporation (FDIC), as
of March 31, 2014, there were $292 billion of commercial and industrial loans outstanding under $1 million.
Borrowers Are Inadequately Served by the Current Lending System.
Due to its high fixed cost of underwriting and servicing, the traditional banking system is ill-suited to meet small business demand for
financing and the possibility of incurring additional fees and penalties. Online financing portals attempting to bypass the intermediaries
have failed to address these issues.
based online marketplace and automated
administration platform connecting borrowers,
lenders, and specialized servicing agents, enabling
them to configure and construct each borrower
Since each smart contract is fully-customized and
simplified, it is much easier to understand and without
ambiguity. No more 'if ... then ... else' statements and
unnecessary code. Smaller programs also lead to
lower gas fee.
Our technology supports this innovative marketplace
and administration model to efficiently connect and
process the global supply and demand of capital.
Our platform also removes the need for physical
infrastructure and brings out convenience and total
automation, increasing efficiency, reducing manual
processes and improving the overall borrowing and
We use cascading levels of credit enhancement to
improve credit worthiness. Thro...
Go to Market
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