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.
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.
Project details
Incorporation status
MICROMONEY INTERNATIONAL PTE. LTD
Available project code
Stage
International expansion of service.
Token description
ICO date:
18.10.2017 - 25.11.2017
Platform:
Ethereum
Role of token:
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.
Token price:
$1 за 1 AMM.
  • 1 day — +25% a bonus
  • 2-7 day — +20% a bonus
  • 7-14 day — +10% a bonus
  • 14-21 day — +5% a bonus
Sum of tokens:
60 000 000 for the amount of 30 000 000$
Blockchain:
Ethereum
Consensus
method:
There are no data
Escrow agent:
There are no data
Accepted currencies ICO:
ETH
Bounty camping:
4% of the volume of tokens
Token distribution date
No data
Markets
There are no data
Token distribution:
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Investment attractiveness
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.
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.
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.
Finance
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.