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FintruX

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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.
General
Website: Visit
White paper: Read
Bounty: Bounty
ICO Time: 07 Feb 2018 - 28 Feb 2018
Country: Singapore
Token info
Ticker: FTX
Platform: Ethereum
Token Type: ERC20
Total supply: 100,000,000 FTX
Financial
Raised $ 25,000,000
ICO Price: ≈ 0.58 USD
Accepting: ETH
Soft cap: 5,000 ETH
Hard cap: 25,000,000 USD
Bonuses: Up to 5%
Last screenshot taken on 25 Mar 2020
FintruX ICO
Screenshots taken 5 Feb 2018
Q2 2017
Ethereum R&D

Dapp R&D
Q3 2017
Concept Validation

Whitepaper Ready

Tokenization
Q4 2017
Focused Practise

Wireframe Ready

Partnerships
Q1 2018
Prototype Ready

Open Source

Funding

Team Expansion
Q2 2018
Alpha Test

Real Customers
Q3 2018
Beta Test

Network Development

Service Organization

Marketing

General Availability
Q4 2018
Go to Market

Scale the Platform

Extension
Gary Ng
CTO
Takes part in this project only
Conrad Lin
Co-Founder & CMO
Takes part in this project only
Aaron Xu
Front End Developer
Takes part in this project only
Douglas Thiessen
Blockchain Developer
Takes part in this project only
Philemon Selvaraj
Data Analyst
Takes part in this project only
Nelson Lin
Founder & CEO
Takes part in this project only

Advisors (4)

Hussein Hallak
Strategic Advisor
Takes part in this project only
Dan Poh
Compliance Advisor
Participates in several projects
Elie Galam
Advisor
Participates in a number of projects
Abhijith Naraparaju
Blockchain Advisor
Participates in a number of projects
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