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Micromoney

Micro-money is the lending platform specializing in services of microloans. The company since 2015 works in segments of crediting of natural persons and SMB. Assessment of borrowers happens to use of own algorithms of scoring on the basis of AI. The company plans also franchise model of development. For further expansion of business and development of new products of MicroMoney has decided to start Token Crowdsale. MicroMoney plans creation of branches in Indonesia, Sri Lanka and on Philippines. The following target countries are Vietnam, Malaysia, Singapore, Hong Kong, Nigeria and China as the perspective market. Branches will begin to function in Q3 2017 of year - Q1 2018 of year.

Rating: 3.2

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Product source tracking: https://github.com/micro-money
Details Description Risks Full analysis Team

Detailed review

Stage of product development
International expansion of service.


Token description
ICO date
18.10.2017 - 25.11.2017
Token price
1 day — +25% a bonus
2-7 day — +20% a bonus
7-14 day — +10% a bonus
14-21 day — +5% a bonus
Platform
Ethereum
Blockchain
Ethereum
Token distribution date
16.11.2017
Consensus method
There are no data
Escrow
There are no data
ICO currencies
ETH
Bounty camping
4% of the volume of tokens
Markets
N/A
Token functions
The token is means of remuneration of users of the platform, and also participates in bonus mechanisms, for example the mechanism of increase in credit rating. The blockchain technology keeping all the information is reliable and transparent so each user’s credit score is public and available online.
Tokens distribution
Sale during ICO (84.0%)
Bounties (4.0%)
Advisors (4.0%)
Bonuses to team (8.0%)
Risks
MARKET

The business model isn't checked in the markets of the developed countries. The strategy of expansion is worked out poorly regarding the choice of the target markets. The company doesn't describe the strategy of an entry into the new markets.

PRODUCT

The company points that it has more than 95 000 registered users, at the same time according to SimilarWeb inflow of new users is insignificant, t. to during all the time the application is downloaded less than 40 thousand times, and the number of visitors of the website is less than 12 thousand monthly. Micromoney places big emphasis on uniqueness of own system of scoring, at the same time the current indicator of a default for primary loans is 44% (at the company of an analog Kreditech this indicator is at the level of 20%) On the 17th WP Micromoney page predicts decrease in losses on loans up to 4% - to values much lower than at the companies analogs (in comparison with data of the Creditech company having the advanced system of scoring on the basis of AI and Big Data and considering more than 20 thousand factors)

BUSINESS MODEL

Risks and uncertainty aren't verified

FINANCES

The acceleration of growth of number of users considered in financial forecasts (by 6 times in 2018) has low probability During the period since 2015 the company has attracted $1,82 million venture financing, the final round of financing (May, 2017) has made $400 thousand. Thus, from the point of view of fundraising in the venture market it is impossible to call the project successful. In financial forecasts it is specified that in Myanmar, Sri Lanka and Philippines the company during 2018 will issue not less than 30 thousand loans in each of the countries that strongly exceeds dynamics of development of the project since 2015.

TEAM

Developing the Micromoney project since 2015 the team couldn't achieve explosive dynamics of development and attract the volume of venture financing corresponding to a stage of development of the company (Round A).

Full analysis
Market

The company is already present in the markets of Cambodia, Thailand and Myanmar and is mainly focused on emerging markets which have high percent of the people who aren't using banking services and at the same time high level of penetration of the Internet. At the roadmap of development there is a number of the developed countries, including the USA, Singapore, Hong Kong which markets of microfinance are highly competitive and expediency of a contact to them by the Micromoney project isn't proved. According to Technavio the market of microfinance is growing, growth with CAGR indicator not less than 15% to 2020 is predicted.

Product

The platform of microloans is presented in the form of a combination of the website (money.com.mm) and a mobile application (Micromoney, Playstore). Also the company plans to develop Open Source the platform of assessment of risks (scoring) on the basis of Blockchain and artificial intelligence and to provide access to her to external users. According to the SimilarWeb resource the application has 10-50K downloads and rating 4.6.

Business model

The blockchain technology allows the project to make MicroMoney the decentralized credit bureau having provided transparency of process of scoring of a pool of borrowers, t. to the credit rating of each user is public and audited. Realization of loans through smart contracts will allow to lower transaction expenses. The technology will allow partners safely, confidentially and anonymously to copy personal data of borrowers (for example, credit records or any other data which we obtain from smartphones of clients). The enterprises can pay data with the help of a token of AMM. If there is a request for the paid data, thanks to the reasonable contract, 50% of net profit of inquiry are aimed at the development of an ecosystem of MicroMoney, 50% of net profit arrive to our borrower / client who has agreed will share information. Also in a number of the countries the company plans to issue loans in cryptocurrency: in August, 2017 the Memorandum has been signed with Everex e-wallet. The technology will allow partners safely, confidentially and anonymously to copy personal data of borrowers (for example, credit records or any other data which we obtain from smartphones of clients). The enterprises can pay data with the help of a token of AMM. If there is a request for the paid data, thanks to the reasonable contract, 50% of net profit of inquiry are aimed at the development of an ecosystem of MicroMoney, 50% of net profit arrive to our borrower / client who has agreed will share information.

Finances

According to PitchBook since 2015 the company has totally attracted $1.85 million financing. Within the ICO project plans to attract from $1 to $30 million. According to the attracted amount of funds the company will realize one of 5 possible scenarios of development.

Team

According to PitchBook the number of team is 70 people. In team's line-up there is a number of participants with broad branch experience (Anton Dziatkovskii, Sai Hnin Aung), however there are no experts of a world class in the sphere of the analysis of data and algorithms of machine learning without which creation of the qualitative scoring platform on the basis of AI is impossible.

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