Like this video

FintruX

Making Unsecured Loans Highly Secure

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.

3.4
16 15 expert ratings
4.8
3.3
3.0
3.0
View rating distribution
6 days 13 hours left
2018-02-07 - 2018-02-28
Token
FTX
PreICO Price
1 ETH = 1,650 FTX
Price
1 ETH = 1,500 FTX
Bonus
Available
Platform
Accepting
ETH
Minimum investment
0.1 ETH
Soft cap
5,000 ETH
Hard cap
75,000,000 FTX
Country
More on ICO
Report

About FintruX

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 make borrowing and lending a no-brainer for both borrowers and investors. 

FintruX Network is one of the world’s first blockchain based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.

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 lending experience.

Bookmark
ICO KYC Report
Not conducted yet
Missing or incorrect data? Let us know.

ICOs that might interest you

savedroid

Savedroid democratizes cryptocurrencies: savedroid creates a unique AI-fueled ecosystem...

16 days 3 hours left

Acorn Collective

Acorn is building a blockchain based crowdfunding platform that's the first to be free ...

1 hours left

Shping

It’s always been our vision to make shopping safer, smarter and more rewarding.

Starts in 13 hours

Tradershub

Tradershub is a social trading platform that allows anyone to participate in the crypto...

Starts in 28 hours